Deposit Phases
A deposit phase is a timed pool-formation or capital-raising process. The Deposit Phase card shows the selected epoch and its progress:
Prepared -> Started -> Ended -> Sealed -> Settled
The card also shows Expired or Refundable when either condition applies. Use the epoch selector to inspect an earlier phase.

The selected epoch determines the lifecycle state and the action available on the right.
Deposit while the phase is open
- Open the pool's Deposit tab.
- Confirm that the phase status is Started and an end time is displayed.
- Enter an amount beside each asset you want to deposit. Leave unused assets blank.
- Connect your wallet and switch to the correct network if prompted.
- Select Approve Allowance when an external ERC-20 needs approval.
- Select Deposit Assets and confirm the wallet transactions.
External ERC-20 assets require approval. Native and internal assets do not.
If you enter several assets, the app processes required approvals and deposits sequentially. Expect a separate wallet confirmation for each approval and for each deposited asset. Do not close the app while it is waiting for the next transaction.
Your wallet balance is shown with each deposit asset. Max fills the available balance.
What happens after deposits end
- Ended: the deposit window has closed. New deposits are disabled.
- Sealed: the phase inputs and prices have been finalized. The pool may expose a read-only Preview tab while settlement is pending.
- Settled: your distribution is available through the Deposit tab.
When the phase is settled, the action card changes from Deposit to Claim. Connect the wallet that made the deposit, review the claimable amount, and submit Claim.
Refundable phases
If a phase becomes Refundable, the action card changes to Refund and lists the connected wallet's refundable deposits. Submit the refund from the same wallet that deposited.
Common button messages
| Message | Meaning |
|---|---|
| Deposit Phase Not Started | The phase is prepared but not open. |
| Deposit Phase Ended | The deadline has passed. |
| Deposit Phase Locked | The phase is temporarily not accepting deposits. |
| Deposit Phase Settled | Depositing is over; use the Claim state instead. |
| Deposit Phase Refundable | Depositing is over; use the Refund state instead. |
| Enter Amount | Enter a valid positive amount for at least one asset. |
| Approving Allowance | Confirm or wait for an ERC-20 approval. |
| Depositing Assets | Confirm or wait for the deposit transaction sequence. |
On mobile, use Overview to inspect the phase and assets, then open the inner Deposit view to enter amounts and submit.