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Your First Deposit

This guide walks you through depositing MOTO into the Catpound vault for the first time.

Prerequisites​

Before you begin, make sure you have:

  • OPWallet installed and connected to Catpound (see Connect Your Wallet)
  • MOTO tokens in your wallet (see Get MOTO)
  • A small BTC balance for transaction fees (a few thousand satoshis)

Step-by-Step​

1. Navigate to the Vault Page​

Open catpound.org and click Vaults in the navigation bar. You will see the MOTO Auto-Compounder vault card showing current TVL and share price. Click into the vault to access the deposit form.

Vaults page showing the MOTO Auto-Compounder

2. Enter Your MOTO Amount​

Type the amount of MOTO you want to deposit, or click the Max button to deposit your full balance. The interface will show you how many cpMOTO shares you will receive at the current exchange rate.

First Deposit Minimum

If the vault is new (no existing depositors), a minimum of 100 MOTO is required for the first deposit. This seeds the vault with enough initial assets to prevent a share price manipulation attack (see Dead Shares). Subsequent deposits have no minimum.

3. Approve MOTO (First Time Only)​

If this is your first deposit, you need to approve the vault contract to spend your MOTO:

  1. Click Approve MOTO.
  2. Confirm the approval transaction in OPWallet.
  3. Wait for the transaction to confirm (typically one block, about 10 minutes on testnet).

This is a one-time approval. Future deposits will skip this step.

4. Deposit MOTO​

  1. Click Deposit MOTO.
  2. Confirm the deposit transaction in OPWallet.
  3. Wait for the transaction to confirm.

5. You Now Hold cpMOTO​

After confirmation, your wallet will contain cpMOTO shares. These represent your proportional claim on the vault's total MOTO holdings.

What Happens Next​

  • Your deposited MOTO enters the vault's liquid buffer immediately.
  • At the next compound cycle, the vault stakes it into MotoChef alongside the rest of the vault's MOTO.
  • As compound cycles occur, the vault harvests rewards and re-stakes them, increasing the MOTO backing each cpMOTO share.
  • You do not need to do anything -- compounding is fully automatic.

Checking Your Position​

Your position details are visible on the Vault page at any time:

  • cpMOTO balance: How many share tokens you hold
  • MOTO value: The estimated MOTO value of your shares at the current exchange rate
  • Share price: The current exchange rate between cpMOTO and MOTO
Share Price Only Goes Up

The share price (MOTO per cpMOTO) increases every time the vault compounds. It never decreases, because the vault only adds rewards to the pool -- it never removes them. Exit fees from other users also stay in the vault, further benefiting remaining holders.