# Frequently Asked Questions

# 1. How can I deposit into the vaults?

To deposit, please follow the detailed steps outlined in the How-To-Use guide.

# 2. What is the minimum deposit required?

The minimum deposit varies by vault. Please check the specific vault's page for more information.

# 3. Can someone else withdraw my funds?

No, only you can withdraw your funds. The vault contract ensures that you retain full control over your assets.

# 4. When are fees applied?

Fees are generally charged on a daily basis or when you withdraw funds from the vault. However, a watermark system is used to ensure that additional fees are only deducted if the portfolio value surpasses the last level where fees were subtracted. This means that if the portfolio value hasn't exceeded the previous fee-deduction threshold, no new fees will be applied, providing more flexibility and fairness for users.

# 5. Is there a lockup period?

A maximum lockup period of 48 hours is enforced to prevent manipulation when withdrawing from the vault.

# 6. What are the main risks involved?

For an overview of the risks, please refer to our article on the risks of the Delta Neutral strategy.

# 7. How stable is the APY, and what factors could cause fluctuations?

APY is dependent on factors like trading activity, funding rates, and borrowing costs.

# 8. Are the APYs gross or net of fees?

The advertised APYs are gross of any fees.

# 9. How is the drawdown calculated?

Drawdown is calculated using a daily snapshot compared to the previous day in the same time.