A vault is an oracle-managed fund that trades prediction markets on your behalf. When you back the vault with USDC you receive vault shares; their value rises and falls with the vault's performance. You can cash out shares back to USDC at any time, subject to the vault's cash-out rules.

• Find a vault under Explore Vaults and review its NAV, ROI, win rate, and fees before backing.
• Click Back, enter a USDC amount (above the vault's minimum), and sign the transaction. Shares are minted at the current NAV per share.
• Your holdings appear under My Bags.

Cash out any portion of your shares to receive USDC at the current NAV. Some vaults fill cash outs instantly up to a limit; larger requests may be queued and fulfilled within the vault's cash-out window. You can track every back and cash out under History.

• NAV per share is the vault's total value divided by outstanding shares — the price of one share.
• ROI / Total Return is the percentage change in NAV per share since inception. The 24H, 7D, and 30D figures show shorter-term performance.
• Your personal return is the current value of your shares versus what you paid for them, shown on the Analytics page.