# 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.

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## 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.