> For the complete documentation index, see [llms.txt](https://piggybank.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://piggybank.gitbook.io/docs/how-it-works/deposit.md). # Deposit You can deposit into PiggyBank vaults directly from the decentralised application frontend [deposit page](https://app.piggybank.fi/). ## How to deposit? 1. Connect wallet 2. Select vault (e.g. USDC, SPYx & JitoSOL) 3. Enter underlying token amount 4. Click "Deposit" and confirm the transaction in your wallet 5. Once the transaction has been processed, head to [Portfolio page](https://app.piggybank.fi/portfolio) to monitor your position Upon minting, you will be receive newly minted liquid yield tokens, pbTOKEN (e.g. pbUSDC, pbSPYx, pbJitoSOL). Protocol applies the current exchange rate between the underlying asset and the corresponding pbTOKEN. *e.g. Exchange rate on February 24th 2026: 1 pbUSDC = 1.06 USDC* pbTOKEN compound the generated yield until the redemption process is initiated. No fee is charged for withdrawing. {% embed url="" %} ## Secondary Market pbTOKENS can be instantly exchanged against their underlying on the secondary market. Buying pbTOKENS on a DEX is the same as minting them on [app.piggybank.fi](https://app.piggybank.fi), same yield, same Oinks generation. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://piggybank.gitbook.io/docs/how-it-works/deposit.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.