# USDC Yield Vault

### Overview

Renzo USDC Lending vault is an automated stable vault that enables users to earn yield on their stablecoins with zero management overhead. The vault currently supports deposits in USDC.

Behind the scenes, the vault allocates liquidity to trusted lending protocols, starting with Aave. Over time, additional strategies will be introduced, expanding the vault’s reach across multiple yield sources and improving both risk diversification and return potential.

<figure><img src="/files/iIf4gk3JMMxAtltqZrHd" alt=""><figcaption></figcaption></figure>

### Vault Details

* LP Token Symbol: ezUSDC1
* LP Token Name: Renzo USDC 1
* Fees: **20% Performance Fee** (e.g. 20% of yield generated in USDC terms)
* Underlying Vault Asset: **USDC**

### Key Benefits

1. **Earn competitive yield on stablecoins:** Earn optimized returns on **stables.**
2. **No Active management required:** The vault’s smart contracts handle allocation, rebalancing, and diversification automatically, with the UI simply abstracting away the complexity.
3. **Smooth withdrawals:** Withdrawals are enabled from the vault starting from day one.
4. **LP price tracking:** Monitor individual vault positions and price movements in real time.
5. **Bundled transactions:** Smart batching reduces gas costs and optimizes capital efficiency for all vault participants.&#x20;

### Deployed Strategies

* Aave Core (90% max)
* Morpho (80% max)
* Aave Horizon (90% max)
* Spark (20% max)
* Vault Allocations can be viewed here: <https://debank.com/profile/0x877bbA4238EF1DCA9BF574561da633049de3A334>&#x20;

*The percentages above indicate the maximum portion of the vault’s total TVL that can be allocated to each market at any point in time.*

### Deposits

* Visit <https://app.renzoprotocol.com/reserve/ezusdc1>
* Click Connect Wallet to link your EVM wallet.
* Confirm the amount of USDC tokens and proceed to deposit.
* Approve and confirm the transaction on your wallet.
* Once the deposit is successful, you can view your ezUSDC1 on your wallet.

### Withdrawals

* Visit <https://app.renzoprotocol.com/reserve/ezusdc1> and select withdraw.
* Enter the amount of vault shares ezUSDC1 that you would like to redeem. You can click MAX to enter the maximum tokens available
* Confirm the amount and proceed to deposit.
* Approve and confirm the transaction on your wallet.

### Important Note on Withdrawals

There is a 3-day cooldown period which the user must wait before the withdrawal request is claimable. Once the 3 day cooldown period has been completed and the USDC is available in the Withdraw Queue, the user can claim the withdrawal request.  The LP token will be burned and the USDC will be sent to the users.

**Note:** The price that the user gets for final conversion of LP Tokens to USDC is the lower of

* When the user creates the initial withdrawal request
* When the user claims the withdrawal request

### Contracts

* Vault Contract: 0x877bbA4238EF1DCA9BF574561da633049de3A334
* Vault Withdraw Queue Contract: 0x01D62CAE01b1df926c0a32EBe057374C4049C711


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