Overview

Worldcoin Vault allows you to deposit WLD into an account as part of your non-custodial World App wallet. You may also be able to earn yield on WLD from third party providers. You are able to store your WLD in one of two account types:

1. Vault: Your WLD are locked via decentralized smart contract until you choose to unlock them. You may earn yield from third party providers. 

2. Spending: Your WLD are ready for daily transactions.

Transferring WLD Into the Vault

When you get WLD, you will have the option of putting it into a Vault or a Spending account. This choice can be made on multiple screens.

Depositing when you claim WLD:

Depositing from your Worldcoin wallet: 

Once you select the option to deposit or transfer WLD into the Vault, choose the amount you’d like to move and then tap on Confirm deposit to complete the transfer.

Earning WLD in Vault

WLD that is deposited into the Vault may earn additional WLD as yield from third party providers, subject to their terms and conditions. The APY that you can earn is variable and may change. These details will be displayed in your Vault within World App.

The World Foundation deploys decentralized smart contracts to provide yield on the WLD in your Vault. The smart contracts may have certain requirements, such as a maximum amount of WLD that may earn yield.

For example, if the maximum amount is 250 WLD, any WLD amount over 250 WLD in your Vault will not earn yield. These requirements will be stipulated on the Vault display within World App.  

Yield is accrued continuously and paid daily by the respective third party provider, subject to their terms. While you can view when your next payout will occur within the Vault display in World App, the yield will only be received by you when you withdraw your WLD out of your Vault. 

Withdrawing WLD from the Vault

You are able to withdraw your WLD from Vault into Spending whenever you’d like. When you initiate a withdrawal, there will be a “security period” during which you can cancel the withdrawal. 

This period is meant to protect your savings goals and to increase security. The security period may vary from user to user, and is set when you deposit into your Vault.

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