Vaults
What is a Dollar Vault?
Overview
Dollar Vault is available to World ID-verified users. The Dollar Vault allows you to deposit USDC into an account as part of your non-custodial World Wallet. You may also be able to earn yield on USDC from third-party providers.
You are able to store your USDC in one of two account types:
- Vault: Your USDC are locked via a decentralized smart contract until you choose to unlock them. You may earn yield from third-party providers.
- Spending: Your USDC are ready for daily transactions.
Depositing Into Vault
1. Go to the Wallet tab, then tap on Cash.
2. Select Digital Dollars.
3. Open the Vault.
4. Tap the Transfer in button
5. Select the amount you’d like to deposit, then Continue
6. Check the transaction details, then tap Confirm once you're ready to proceed
7. Tap Done to exit
Earning Yield in Vault
Digital Dollars that are deposited into the Vault may earn additional 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 Dollar Vault page.
How is Yield Generated?
Yield is generated from deposits into the Sky Protocol. When you deposit into Dollar Vault, you are swapping Digital Dollars for sDAI using a decentralized smart contract.
sDAI is a token that represents the value of the Dai Savings Rate (DSR), which is offered to depositors in the Sky Protocol. The yield generated by sDAI is directly tied to the Dai Savings Rate, which can fluctuate over time.
Withdrawing Digital Dollars from Vault
You are able to withdraw your Digital Dollars from Vault into Spending whenever you’d like. To withdraw from your Vault:
1. Go to the Wallet tab, then tap on Cash
2. Select US Dollars and open the Vault
3. Tap the Transfer out button
4. Choose the amount you'd like to withdraw, then tap on Continue
5. Check the transaction details and tap the Confirm button once you're ready
6. A screen will appear to confirm the withdrawal is being processed.
Your Digital Dollars will be moved to your Spending account immediately after you confirm the withdrawal.
Translations may differ slightly from the original English content. For the most accurate information, please refer to the article's English version if any discrepancies occur.
What is Worldcoin Vault?
Overview
Worldcoin Vault allows you to earn rewards on your WLD. If Worldcoin Vault is available in your country, you can access it from the Wallet tab.
1. Just tap on the Worldcoin card.
2. You’ll find the Vault option there.
The Worldcoin Vault stores your WLD separately from the Spending account, which you can use for everyday actions like sending, receiving, or swapping.
Depositing WLD into the Vault
Currently, there are two ways to deposit WLD into the Worldcoin Vault:
Transferring WLD from your Spending Account
1. Just open the Vault, and tap the Transfer in button to begin.
2. Use the slider to select the amount you want to transfer and tap Continue.
3. Tap Confirm deposit.
Claiming WLD Airdrops directly into the Vault (where available).
Disclaimer: The Airdrop Program is only available to World ID users who meet the eligibility requirements set forth in our Terms.
When claiming your monthly WLD Airdrop, the default option will be to claim into your Worldcoin Vault. You can change it to claim into your Spending account if you wish to do so before continuing.
Earning Rewards in Worldcoin Vault
The World Foundation deploys decentralized smart contracts that deliver rewards on the WLD in your Vault. The smart contracts may have certain requirements, such as a maximum amount of WLD that may earn rewards, as well as the maximum rate at which you can earn rewards.
As seen in this example, if the maximum amount is 500 WLD, any WLD amount over 500 WLD in your Vault will not earn rewards:
These requirements will be stipulated on the Worldcoin Vault display within World App, as will the current rewards rate when you deposit WLD.
Note: The World Foundation may cancel this rewards program or change the rewards rate at any time.
Rewards are accrued continuously and distributed daily. These rewards 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.
1. Just open the Vault and tap the Transfer out button to begin.
2. Choose the amount you want to withdraw.
3. Tap on Confirm withdrawal.
4. Once you request a withdrawal, your tokens are immediately unlocked and moved to your Spending account. You’ll see the following message:
Translations may differ slightly from the original English content. For the most accurate information, please refer to the article's English version if any discrepancies occur.