What happens when I deposit funds into a vault?

You’ll sign a few transactions via your web3 wallet to interact with the Ethereum blockchain: 1) Spend Approval: This is a security measure. Within your wallet, you set how maximum amount of USDC you are willing to let Fama utilize from your wallet on your behalf. We recommend setting it to the amount that you wish to deposit. In the future, if you want to deposit more, you will have to update the spend approval limit. 2) Deposit: In this transaction, you are signing approval for the amount of USDC you typed into the Fama interface to be sent from your wallet into the Fama vault. Once this transaction has been confirmed, the funds are then transferred from your web3 wallet into a smart contract on the blockchain and Fama's vault begins to utilize the funds.