How it works
defimarketplus is a non-custodial yield router. You deposit USD stablecoins, and the vault spreads them across audited lending venues to earn yield. You can exit anytime. Below is exactly what happens at each step.
- 01
You deposit USDC
Connect your wallet, choose a basket (SAFE-USD for the most conservative yield, or HIGHER-USD for an extra 1–3% with slightly more risk), and approve the deposit. The vault is an ERC-4626 contract — a battle-tested standard used across DeFi. In return for your USDC you receive vault shares (
smUSDorhmUSD) that represent your ownership of the pool. - 02
A small fee funds the project treasury
0.15% of your deposit goes to the Project Treasury — this is what funds protocol operations and ongoing audits. The other 99.85% mints shares at the current exchange rate and is forwarded to the strategy layer.
- 03
The vault allocates across whitelisted venues
Each basket has target weights for a small set of audited protocols. SAFE-USD currently allocates ~50% to Aave v3, ~40% to Compound v3, with ~10% idle as a withdrawal buffer. Allocation is rebalanced periodically by a Keeper bot within strict caps that governance has approved. No single venue can hold more than the cap you can verify on-chain.
- 04
Yield accrues to share price (drip-protected)
Every harvest takes the interest the strategies earned and vests it linearly into the share price over 12 hours (SAFE) or 2 hours (HIGHER). This pattern, borrowed from Yearn v2, prevents anyone from front-running a yield event. As the share price rises, your shares are worth proportionally more USDC.
- 05
You earn DMTp for participating
Depositors are minted DMTp — the defimarketplus governance and revenue-share token — proportional to fees they generate over time. Stake DMTp in the rewards contract and earn 75% of all project-treasury yield in USDC, vested linearly over 7 days (Synthetix-style). The remaining 25% goes to the platform — this is what aligns long-term incentives between holders and the project team.
- 06
Withdraw anytime
Burn your shares, the vault returns the underlying USDC. A 0.10% exit fee goes 100% to platform operations — this funds development, audits, and ongoing maintenance. There's no lockup, no withdrawal queue, and no notice period. If the idle buffer can't fill your withdrawal, the contract pulls from the lowest-yield strategy automatically.
Fee summary
- 0.15% deposit fee — 100% to the Project Treasury, which deploys it into curated yield strategies.
- 0.10% exit fee — 100% to the platform. Funds dev, audits, and ongoing maintenance.
- Project-treasury yield — when the treasury exits a strategy at a profit, 75% drips to DMTp stakers over 7 days, 25% goes to the platform.
- No management fee. No performance fee. All vault strategy yield, after the protocol's underlying lending costs, accrues to depositors via the share price.
Risk disclosure
DeFi yield is not free. The main risks are smart-contract bugs in the vault or underlying protocols, peg risk on the underlying stablecoin, and oracle/liquidity risk during severe market stress. We mitigate these with audits, conservative whitelisting, locked-profit drip accounting, an emergency-pause guardian, and per-venue caps — but no on-chain product can be made risk-free. Read the security page for the full list.