Understanding the Complete Vault Operating Cycle

Here's how it works in practice: when you deposit USDT on HyperEVM, the vault immediately issues you proportional share tokens. As the underlying strategies execute and generate yield, your Per-Price-Share (PPS) climbs steadily. When you decide it's time to exit, you file a withdrawal request. The system processes redemptions instantly, converting your shares back into USDT. It's a clean, transparent flow—deposit, earn, withdraw. No unnecessary friction, just straightforward DeFi mechanics designed to maximize your capital efficiency while keeping everything auditable on-chain.