Lido GGV service relies on third-party infrastructure provided by Veda. By proceeding, you are subject to Veda’s Terms of Service and Privacy Policy.
Note, that the vault involves protocol, slashing and other risks. You can find more details in the FAQ below.
Allocation: Your deposit is distributed across a curated set of high-performing DeFi strategies, including lending markets (Aave, Fluid) and LP positions (Uniswap v4, Balancer). The exact allocation may vary over time based on market conditions and strategy performance. All strategies are ETH-correlated to help minimize risk from price volatility.
FAQ
What is Lido GGV, and how does it work?
The Golden Goose Vault (GGV) is designed to maximize rewards on ETH and (w)stETH deposits while continuously optimizing for the best opportunities across chains.
What is APY for GGV, and how is it calculated?
APY is the annual percentage yield including compounding. In the context of GGV the APY calculation is the following: the vault’s rewards are derived from growth in its net asset value (NAV) over time. The NAV can increase through multiple use cases, such as staking, lending, providing liquidity on third-party providers. The user’s accrued rewards will depend on the portion of the vault that they hold.
Please note that APY figures are only estimates and subject to change at any time. Past performance is not a guarantee of future results. Rewards are influenced by factors outside the platform’s control, including changes to blockchain protocols and validator performance.
What fees are applied when I deposit into GGV?
When you deposit your tokens, you receive GG tokens that represent your share of the vault. Your GG token balance never decreases to cover fees, instead, fees are reflected in the value of each GG token:
Platform fee: 1% annually, pro-rated for the time your deposited tokens stay in the vault, is built into the GG token’s price.
Performance fee: 10% of the yield is deducted from gains before they’re reflected in the GG token’s price.
So, while your GG token balance stays the same, the value per token adjusts to account for fees and performance.
What are the risks of depositing GGV?
As with any DeFi products, there are risks. Please note this list is not exhaustive:
Smart contract risk
Liquidity provision risk - exposure to impermanent loss
Leverage risk - the vault can use leverage, which means positions can be liquidated. Safeguards are in place to reduce (but not eliminate) this risk.
Market price volatility risks - fluctuations in token prices can impact the overall performance of the vault.
Always conduct your own research and consult your own professional advisors to understand all potential risks before participating.
What is GG token?
The GG token represents your share of the GGV vault. Its value reflects the amount you deposited and the vault’s performance.
What can I do with GG token?
You can transfer it between wallets and also use them for deposits in the future. The GG token may have future DeFi utility. Keep an eye out for future announcements on Lido’s official channels.
How does the withdrawal work?
You can withdraw your GG tokens back into wstETH in a single transaction (withdraw + claim). Once requested, your withdrawal will show as pending on Lido UI. Withdrawals are typically fulfilled within 3 days under normal conditions.
How long does it take to withdraw?
Typically, it takes up to 3 days, though it may be faster. You can check progress in your wallet or in the Withdrawal section of the Lido GGV UI.
Why, even though deposits are made in ETH/WETH/stETH/wstETH, do I only receive wstETH on withdrawal?
Withdrawals are processed in wstETH because this format allows the vault to reduce the time to claim and complete a withdrawal. By receiving wstETH, you will continue to accrue staking APR while you hold it. Also, wstETH is widely accepted in DeFi, so you can use it across protocols, bridge it to other networks, or convert it into ETH through Lido withdrawals, or secondary markets.
Can I transform my wstETH to ETH?
Yes. You can transform your wstETH to ETH using the Request and Claim tabs, trading platforms on Lido Withdrawal tab, or any other aggregator.
Is there a fee for withdrawal?
There’s no withdrawal fee. However, as with any Ethereum transaction, you’ll need to pay a network gas fee.
When I request the withdrawal and it’s pending, do I still get the rewards?
No, once you create the withdrawal request, the rewards you were getting on your deposit amount will stop generating.
How many withdrawal requests can I have?
You can have only one active request. To start another, cancel the existing one first.
Can I cancel my withdrawal request?
Yes. If your withdrawal request has not yet been fulfilled, you can cancel it in the Lido UI.
How do I claim my rewards?
Rewards are automatically included in your GG token balance and are realized upon withdrawal into a wstETH-related amount.
* APR/APY figures are estimates, not guaranteed, and are subject to change based on network conditions.
Rewards may fluctuate and are influenced by factors outside the platform’s control, including changes to blockchain protocols and validator performance. Past performance does not guarantee future results. Rewards are not assured and depend on the specific rules and mechanisms established by each underlying blockchain network. Users should conduct their own research, seek professional advice, and ensure they understand the risks before participating