> For the complete documentation index, see [llms.txt](https://docs.metropolis.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.metropolis.exchange/protocol/or-maker-vaults/or-maker-vault-user.md).

# | Maker Vault User

<figure><img src="/files/kwqGFwP7mxZwTMD11lYK" alt=""><figcaption></figcaption></figure>

**Sonic's easiest and most transparent market-making vehicle.** \
**1 Click. 0 Management. 100% Yield.**<br>

Maker Vaults let anyone earn like a professional market maker on Sonic, without complexity. Deposit into a vault curated by top-performing DLMM bots, AI agents, or human strategists and benefit from:

* Real Yield from trading fees
* $METRO Farming Rewards
* Radically transparent performance tracking
* Fully non-custodial structure - your keys, your tokens, your yield!

You retain full control over your liquidity. The vault does all the work.

## How It Works

<figure><img src="/files/7I7TwdbqiaiXFQP1lRjb" alt=""><figcaption><p>Maker Vault Value Flow</p></figcaption></figure>

<details>

<summary><strong>WIN-WIN - Economy</strong><br>Maker Vaults are deployed on Metropolis using DLMM infrastructure. Each vault is managed by a dedicated curator who actively oversees the liquidity strategy. All trading fees, liquidity incentives, and airdrop points go to the vault users, while the curator earns a fixed curator fee.</summary>

* **Maker Vault User earn Yield + Rewards + Airdrops**\
  Vault users earn all the revenue, rewards, and airdrop points available on Metropolis.
* **Maker Vault Curators earn Curator Fees**\
  Set between 0.5% and 10% annually by the curator, a time-based portion of this fee is deducted with each rebalance. The curator fee is included in the PnL, so for vault users, overall performance matters more than the fee itself. A positive PnL indicates that the curator has outperformed both their fee and the market.

</details>

## What You Earn

<table data-view="cards"><thead><tr><th></th><th data-hidden data-card-cover data-type="files"></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td>TRADING FEES</td><td><a href="/files/PPuw3rvBWmPzpXjpDRBG">/files/PPuw3rvBWmPzpXjpDRBG</a></td><td></td></tr><tr><td>$METRO REWARDS</td><td><a href="/files/flzr56zV4ukD1uGpQPah">/files/flzr56zV4ukD1uGpQPah</a></td><td><a href="/pages/2bPqhlNJ7WEMI3MU5DrK">/pages/2bPqhlNJ7WEMI3MU5DrK</a></td></tr><tr><td>$S VAULT INCENTIVES</td><td><a href="/files/h4dQtH2OddZVPEGhoHku">/files/h4dQtH2OddZVPEGhoHku</a></td><td></td></tr></tbody></table>

Vault users earn the highest incentives on Metropolis. You earn like a professional market maker using DLMM - with $S vault incentives on top. Meanwhile, vault curators compete to maximize your PnL through strategic token allocation.

## Security and Control

<table data-view="cards"><thead><tr><th></th><th></th><th data-hidden data-card-cover data-type="files"></th></tr></thead><tbody><tr><td><strong>NON-CUSTODY</strong></td><td>Non-custody solutions with 100% on-chain smart contracts enable the vault curator to rebalance liquidity efficiently, but assure that nobody but you can withdraw your funds.</td><td><a href="/files/BQmO3rLFPQJ1iu3BvoWp">/files/BQmO3rLFPQJ1iu3BvoWp</a></td></tr><tr><td><strong>AUDITED</strong></td><td>Built on Smart Contracts that were battle-tested and audited by LFJ, Metropolis Maker Vaults are further audited by <a href="https://cantina.xyz/">Cantina</a> in an public bug bounty contest and by <a href="https://www.auditone.io/">AuditOne</a> in a dedicated audit.  </td><td><a href="/files/Ld3cTzguAZWnfHkMgROs">/files/Ld3cTzguAZWnfHkMgROs</a></td></tr><tr><td><strong>INSURED</strong></td><td><a href="https://www.safura.io/">SafuraDAO</a> offers another insurance layer on top for selected Maker Vaults. Safura ensured vaults are covered in case of an exploit or hack. The insurance fee is already included in the vault Curator Fee.</td><td><a href="/files/mvPXX5DZGSl0YVy4pyfV">/files/mvPXX5DZGSl0YVy4pyfV</a></td></tr></tbody></table>

## Radical Transparency and Performance Monitoring

Maker Vaults offer complete performance visibility including factors such as Curator Fees, realized impermanent loss, fee earnings and $METRO rewards. Vaults are ranked publicly by performance metrics. This ensures capital flows to the most efficient strategies.

{% tabs %}
{% tab title="CHART" %}

<figure><img src="/files/JMKG8ZV5Ve97H84Uddei" alt=""><figcaption></figcaption></figure>

The **Historical Chart** shows the performance of the Maker Vault since its inception. \
By displaying 5 different lines users have full visibility over the vault performance.

<details>

<summary><strong>Historical Vault Performance Chart</strong></summary>

* **PnL  - Profit and Loss** (green line)
* **MVT - Maker Vault Token** (light blue line)
* **Token A** -  e.g. scUSD (purple line)
* **Token B** - e.g. USDC (dark blue line)
* **50/50 Hold** (grey line)

</details>

The **PnL  (Profit and Loss) chart** shows the profitability of the vault including $METRO rewards. \
The **MVT (Maker Vault Token) chart** shows the profitability of the vault without $METRO rewards. \
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{% endtab %}

{% tab title="REWARDS" %}

<figure><img src="/files/XxTpbdo7axeiYstFhSva" alt=""><figcaption></figcaption></figure>

For Liquidity Providers aiming to maximize $METRO rewards and fee earnings, **Reward Stats** show how much daily $METRO Rewards in $ have been earned by the vault.

The amount of $METRO per day are a combination of how much $METRO are emitted by Metropolis on the pool and how active the vault is positioned in the pool.

**Profits from the&#x20;*****Reward Layer*****&#x20;and the&#x20;*****Airdrop Layer*****&#x20;are not included in the PnL**, as they do not necessarily correlate with the efficiency of the liquidity provision. As a Liquidity Provider, these rewards are earned on top of the indicated PnL.&#x20;
{% endtab %}

{% tab title="LIQUIDITY" %}

<figure><img src="/files/9WxFDeCM6micpyqRUq9G" alt=""><figcaption></figcaption></figure>

The **Total Vault Liquidity** on the Vault Stats details page shows how much of the liquidity is **active in the poo**l and how much is held in **passive in the reserve**. It also showcases transparently the composition of both.

<details>

<summary><strong>Active and Passive Vault Liquidity</strong></summary>

* **Pool Balance - Active Liquidity in Vault**\
  The Pool Balance is active liquidity deployed into the DLMM pool to earn yield.&#x20;

* **Reserve Balance - Passive Liquidity in Vault Reserve**\
  The Reserve Balance is passive liquidity not deployed into the DLMM pool and not earning trading fee/Metro yield. With the Reserve Balance vault curators can reduce IL (Impermanent Loss) or effectively long one token over the other.

</details>

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{% endtab %}

{% tab title="INFO" %}

<figure><img src="/files/O1trDE5Ir6JxEk4IOoFz" alt=""><figcaption></figcaption></figure>

As a Liquidity Provider you have full visibility on the current strategy the vault curator is deploying.&#x20;

The **Vault Info** on the left gives basic informations about the vault setup, like Pool / Tokenpair, Pool Bin Step, and Curator Fee.

The **Vault Liquidity** on the right gives a quick overview on the current active LP position of the vault like active bin price, number of deployed bins, token allocation per bin, average vault APR, as well as vault fees earned (24H, 7D, 30D).\
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{% endtab %}
{% endtabs %}

## How To Start

{% tabs fullWidth="false" %}
{% tab title="CHOOSE" %}

<figure><img src="/files/hplCR1ELEtTDftCFAcXI" alt=""><figcaption></figcaption></figure>

[Explore available Maker Vaults](https://app.metropolis.exchange/makervault/list/:146), compare their Strategy & KPIs, and choose one. You can search for your favourite curator in the search field or filter for specific tokens by selecting the token symbols in the filter above the vault list.

In the vault list, vaults are sorted via 7D or 30D PnL, making it easy to select the top performers. Icons next to the pool indicate rewards that users can earn in that vault. The APR indicates how active the liquidity is positioned for earning fees and rewards.

{% endtab %}

{% tab title="DEPOSIT" %}

<figure><img src="/files/gw8FTA9ZRDdCoFop5d0u" alt=""><figcaption></figcaption></figure>

Click on a given Maker Vault to deposit tokens. **You can deposit any amount of each token.** \
You can only deposit Token A or Token B as well as a combination of both.\
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{% endtab %}

{% tab title="TRACK" %}

<figure><img src="/files/RWLAwz09mwRdA5fRLLNB" alt=""><figcaption></figcaption></figure>

Under **My Liquidity Dashboard** you can track the performance of all your liquidity across multiple Maker Vaults. The top shows an aggregate of your liquidity composition, average APR, claimable rewards, and various Airdrop Points.&#x20;

<details>

<summary><strong>MY VAULT LIQUIDITY</strong></summary>

<figure><img src="/files/QpWJpRJbQT1SIuX1Fake" alt=""><figcaption></figcaption></figure>

**My Vault Liquidity** gives an overview of all your liquidity deposited into Maker Vaults.

</details>

&#x20;
{% endtab %}

{% tab title="EARN" %}

<figure><img src="/files/S9m5F64XMr8Mm1p6bV2G" alt=""><figcaption></figcaption></figure>

By expanding a vault position you get a quick overview of the position and performance with all important KPIs and performance charts of the vault. From here you can claim your earned $METRO rewards directly or manage your vault LP positions.

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{% endtab %}

{% tab title="PROMOTE" %}

<figure><img src="/files/XiDkeS93v6G5yW3OdiAm" alt=""><figcaption></figcaption></figure>

Promote your favourite Maker Vault by sharing a **Vault Card** to your friends or on socials. Navigate to the Maker Vault you want to share and click on the top right on *"Create Vault Card"* or *"Share Vault Link"*. This will open a popup window with an automatically generated PnL Card you can download or copy.\
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{% endtab %}

{% tab title="WITHDRAW" %}

<figure><img src="/files/mcBXqim3DghSW6WHKoK3" alt=""><figcaption></figcaption></figure>

To withdraw your liquidity from a Maker Vault navigate to the vault page and select how much percent you want to withdraw from the vault and click "*Remove"* to withdraw.

<details>

<summary><strong>WITHDRAW QUEUE</strong></summary>

<figure><img src="/files/XrYw3HhYuvlLLmLGYQOf" alt=""><figcaption></figcaption></figure>

Your liquidity enters a withdraw queue that will be removed with the next rebalance of the vault (maximum 24 hours). At this point you can still cancel your withdraw.

After the next rebalance of the vault by the vault operator you can claim your liquidity. By clicking claim you automatically harvest all $METRO rewards and withdraw your share from the vault.

</details>

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{% endtab %}
{% endtabs %}