> For the complete documentation index, see [llms.txt](https://spreads-finance.gitbook.io/documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://spreads-finance.gitbook.io/documentation/perpetual-airdrop-token/deposit-and-withdraw.md).

# Deposit and Withdraw

<figure><img src="/files/ksFtWSi9osCVxpNbCrcN" alt=""><figcaption></figcaption></figure>

#### **Deposits**

Users can deposit USDC directly from the Ethereum network — and, over time, from additional chains — into the Spreads vaults. Depositing grants access to the associated yield or airdrop strategies, depending on the chosen vault.\
The mint price is initially set at **1**, and subsequently updates through an oracle that reflects the **real-time value of the vault’s underlying assets**.\
Spreads imposes **no deposit fees**, ensuring frictionless entry into the strategy.

#### **Withdrawals**

Users may request to exit the strategy at any time. Withdrawals follow a **queue-based system** and typically require **up to 7 days** to settle, reflecting the time needed to unwind or rotate underlying positions.\
An **exit fee of 0.25%** is applied to cover the operational cost of unwinding positions and maintaining the integrity of the strategy.

#### **Transparency link**

[https//app.spreads.fi/transparency  ](https://app.spreads.fi/transparency)

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