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Earn Overview

Earn yield by lending your assets to borrowers through Naga's money market, built on the Morpho protocol.

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New to Naga's money market? Start with the Earn & Borrow Overview to learn about the Earn & Borrow model and Morpho's security track record.

What are Vaults?​

Vaults are smart contracts that accept deposits of a specific token and automatically deploy those funds to generate yield. When you deposit into a vault, you receive vault tokens (shares) representing your portion of the vault.

How Vaults Work​

  1. Deposit: You deposit tokens (e.g., USDT) into a vault
  2. Receive Shares: You receive vault tokens representing your ownership
  3. Earn Yield: The vault automatically manages your funds to generate returns
  4. Withdraw: Exchange your vault tokens back for the underlying asset plus earned interest

Key Metrics​

APY (Annual Percentage Yield)​

The annualized rate of return on deposits. Higher APY means higher potential returns but may come with increased risk.

Total Value Locked (TVL)​

The total amount of assets deposited in the vault. Higher TVL generally indicates more trust and stability.

Your Position​

The amount you've deposited plus any earned interest.

Vault Features​

No Lock-up Period​

You can withdraw your funds at any time. There are no mandatory lock-up periods.

Auto-Compounding​

Vaults automatically reinvest earned yields to maximize your returns.

Getting Started​

Ready to start earning? Choose your path:

Important Considerations​

Before depositing into vaults, understand the risks:

  • Smart contract risks
  • Market volatility
  • Liquidity risks
  • See the full Risks section for details