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GM everyone. Today I want to show you how you can invest in different vaults on FYP. It's a decentralized asset management platform on Solana. I've already made a video how you can create your own vault. Today we're going to
Learn how to invest in vaults on FBYT, a decentralized asset management platform on Solana, including fees, wallet connection, and redeeming investments.
Key Takeaways
- FBYT offers decentralized vault investing on Solana with transparent fee structures.
- Performance fees are only charged on profits, unlike traditional copy trading platforms.
- Investors need to connect their wallet and accept terms before investing.
- There is a lock-up period of 2 hours before funds can be withdrawn.
- The platform is new but safe and functional, with ongoing improvements planned.
Summary
- Introduction to investing in vaults on FBYT, a decentralized asset management platform on Solana.
- Explanation of how to access and browse different vaults on the official FBYT app.
- Details on vault statuses such as fundraising and active stages.
- Key metrics to consider: deposited amount, P&L, number of investors, minimum investment, and fees.
- Description of management and performance fees, including how performance fees are only charged on profits.
- Step-by-step guide to connecting a wallet and making an investment in a vault using USDC.
- Information on transaction confirmations and associated SOL fees.
- How to redeem investments from a vault, including fee details and lock-up periods.
- Notes on app notifications and ongoing platform improvements.
- Contact information for support via X (Twitter) and Discord.
Chapters
- 00:00Introduction to FBYT and Vault Investing
- 00:30Browsing and Understanding Vaults
- 01:00Vault Status and Key Metrics
- 01:30Fees Explained: Management and Performance
- 02:21Connecting Wallet and Minimum Investment
- 02:49Investing in a Vault Step-by-Step
- 03:33Confirming Transactions and Fees
- 03:55Redeeming Investments from Vaults
- 04:44App Notifications and Platform Updates
- 05:11Support and Closing Remarks
Full Transcript — Download SRT & Markdown
Speaker A
deep dive, for example, how you can pick the vault that is right for you and invest in it. So, first once you're on the official webpage, you want to go to the launch app and you'll want to click invest. Once
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you click invest, you will be able to see different vaults from different people. These 2xY is probably like be slightly different, but we will keep all the information regarding the vault. So, uh the things that you can, for example,
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see you can see who is the person that made the vault. As you can see here, it's to the moon, here it's rare. This is the vault address, uh the founder address, then the vault address pretty much. And you can see at which stage the
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vault is. The fundraising means it's still collecting funds in order to actually start operating. Active means it's the active ones. In my opinion, you want to look for the active ones. Here you can see how much money is deposited
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into the vaults. Mm here you can see the P&L, what is the number of the people that the trades, the number of investors, what is uh the minimum value that you can invest. Here, this is the important thing, right? You want to look at the
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performance and you want to look at the mm what's the monthly what's the fee?
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For example, here you can see uh it's pretty much 10% a year and the fees are charged monthly, which means you are charged around 0.8% every month from the money that you deposited into the vault. And here you
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can see the performance fee. Performance fee means that, let's say, if the person makes 2x on your money, he will be getting pretty much uh 10% of it. He'll be making 10% of the money he made for you. So, if the fund
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is in minus, for example, you won't be paying any fees. This is a huge difference in comparison to regular copy trading platforms because they charge you on every trade. Here, you're charged only if the vault is successful pretty
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much. So, let's say, for example, obviously, you will want to connect your wallet. Once we connect the wallet, we can, for example, mhm search for a specific vault. Yeah, there is a minimum investment also that you need to invest
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to participate in a certain vault, and there is a lock-up period, which means that from the moment of depositing the money in the vault, it will take 2 hours to be able to withdraw. Let's say I already have a vault that I want to
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invest in. This is actually the vault that I opened. I didn't even name it when I was opening. It is still at the fundraising, so you want to invest into the vault, and you can see again all these details, and you can see what's
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the amount of the USD that you want to invest. Let's say I put two.
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I agree and accept terms and conditions. Invest USDC. You would just need to confirm the transaction. There is a small fee that you're paying in SOL. You confirm that.
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It's processing. Again, I need to confirm another transaction. One is pretty much to open a vault in your wallet, and another is to invest.
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Okay, you can see minus two USDC. If I save this, so we want to do it. Okay.
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So, we can see that we deposited, and we can see transaction signature here. So, now we should be able to see that there is $2 in the vault already as well. As you can see here, it's already updated
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now so everything is perfect. If you want to redeem your investment, you can just go pretty much to the portfolio. You will see all the details. So, for example, you can see you're paying 6% yearly management fee, you're paying
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20% performance fee. If you want to pull your money back, you just click on a uh redeem button. You can choose the amount that you want to redeem. So, let's say we're redeeming all $2.
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Click confirm. You just approve the transaction. These pop-ups will show occasionally. It's because the app is new. We are still waiting to be approved on different uh places. Once it's done, you won't get this notification. The reason for that
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is you're creating different addresses in your wallets because of the different assets that you're holding. So, we kind of want to proceed anyway.
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Again, we want to confirm and proceed. Again, confirm and proceed. Again, I understand that I could lose. Confirm and proceed. And we pretty much did the transaction and we drew withdrawn all the money from the vault. So, that's
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pretty much it. The process is very simple and everything is pretty simple. The main thing for you is to actually analyze where you want to deposit and invest your money. So, be careful regarding that part. These warnings and
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notifications is something that we intend to solve in the soon future. We just finished and completed the platform. Everything is uh safe and functional, as you can see. So, that's what matters at this point. If you have any
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questions or anything, you can reach on uh to us on X. You can reach to us on Discord. I will post both links in the comment and in the descriptions below.
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So, it will be very easy to reach out and we are looking to help and answer your questions. Thanks and see you.
Speaker A
Bye-bye.
Topics:FBYTvault investingdecentralized asset managementSolanacrypto investingperformance feeswallet connectionUSDC investmentcrypto vaultsinvestment tutorial
