How it works
defimarketplus is a non-custodial yield router. You deposit USD stablecoins, and the vault spreads them across audited lending venues to earn yield. You can exit anytime. Below is exactly what happens at each step.
- 01
You deposit USDC
Connect your wallet, choose a basket (SAFE-USD for the most conservative yield, or HIGHER-USD for an extra 1–3% with slightly more risk), and approve the deposit. The vault is an ERC-4626 contract — a battle-tested standard used across DeFi. In return for your USDC you receive vault shares (
smUSDorhmUSD) that represent your ownership of the pool. - 02
A small fee funds the project treasury
0.15% of your deposit goes to the Project Treasury — this is what funds protocol operations and ongoing audits. The other 99.85% mints shares at the current exchange rate and is forwarded to the strategy layer.
- 03
The vault allocates across whitelisted venues
Each basket has target weights for a small set of audited protocols. SAFE-USD currently allocates ~50% to Aave v3, ~40% to Compound v3, with ~10% idle as a withdrawal buffer. Allocation is rebalanced periodically by a Keeper bot within strict caps that governance has approved. No single venue can hold more than the cap you can verify on-chain.
- 04
Yield accrues to share price (drip-protected)
Every harvest takes the interest the strategies earned and vests it linearly into the share price over 12 hours (SAFE) or 2 hours (HIGHER). This pattern, borrowed from Yearn v2, prevents anyone from front-running a yield event. As the share price rises, your shares are worth proportionally more USDC.
- 05
You earn DMTp by participating
Every deposit mints DMTp — the defimarketplus governance and utility token — proportional to fees you pay. Pure fair launch: no airdrop, no premine, no team allocation. The team mints DMTp the same way you do — by depositing. DMTp value accrues through two mechanisms: (1) supply contraction from treasury-funded buyback-and-burn, and (2) tiered fee discounts on your own deposits and withdrawals.
- 06
Treasury yield routes 70 / 30
When the Project Treasury exits a strategy investment at a profit:
- 70% routes back into the vault as locked-profit drip — increases share price for every smUSD holder over 12 hours.
- 30% buys back DMTp on Uniswap (or any approved aggregator like CoW Protocol) and burns the tokens permanently — shrinks DMTp supply.
- 07
Withdraw anytime
Burn your shares, the vault returns USDC. A 0.10% exit fee goes 100% to the platform — funds development, audits, and ongoing maintenance. There's no lockup, no withdrawal queue, and no notice period. If the idle buffer can't fill your withdrawal, the contract pulls from the lowest-yield strategy automatically.
Fee summary
- 0.15% deposit fee — 100% to the Project Treasury, which deploys into curated yield strategies. Mints DMTp to the depositor.
- 0.10% exit fee — 100% to the platform wallet. Operations only.
- Treasury yield split — on every strategy exit, 70% boosts vault PPS for all smUSD holders, 30% buys back and burns DMTp.
- Loyalty fee discounts — up to 60% off deposit fees / 40% off exit fees for users who maintain both an smUSD time-weighted balance AND a DMTp position. See the FAQ for tier thresholds.
- No management fee. No performance fee. All vault strategy yield, after the protocol's underlying lending costs, accrues to depositors via the share price.
Risk disclosure
DeFi yield is not free. The main risks are smart-contract bugs in the vault or underlying protocols, peg risk on the underlying stablecoin, and oracle/liquidity risk during severe market stress. We mitigate these with audits, conservative whitelisting, locked-profit drip accounting, an emergency-pause guardian, and per-venue caps — but no on-chain product can be made risk-free. Read the security page for the full list.