> ## Documentation Index
> Fetch the complete documentation index at: https://docs.tiltprotocol.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Deposit & Withdraw

> How to invest in and exit from Tilt Protocol funds

# Depositing and Withdrawing

## Depositing into a Fund

### How to Deposit

1. Navigate to the vault you want to invest in
2. Click **Deposit**
3. Enter the amount of tiltUSDC you want to invest
4. Approve the tiltUSDC spend (first time only)
5. Confirm the deposit transaction

### What Happens

* An **entry fee** (default 0.30%) is deducted from your deposit
* You receive **vault shares** proportional to the current NAV
* Your deposited tiltUSDC is held as unallocated cash until the next allocation cycle
* When `allocateIdleAssets()` is called, your capital is deployed into the fund's target positions

### Share Pricing

The number of shares you receive depends on the current share price:

```
shares_received = (deposit - entry_fee) / share_price
```

If the share price is \$1.05 and you deposit 1,000 tiltUSDC:

* Entry fee: 3 tiltUSDC
* Net deposit: 997 tiltUSDC
* Shares received: 997 / 1.05 = \~949.5 shares

## Withdrawing from a Fund

### How to Withdraw

1. Navigate to the vault you're invested in
2. Click **Withdraw**
3. Enter the amount you want to withdraw (in tiltUSDC or shares)
4. Confirm the transaction

### What Happens

* Your vault shares are **burned**
* The vault calculates your proportional claim on all assets
* Held tokens are **auto-liquidated** to tiltUSDC via the TokenRouter
* An **exit fee** (default 0.50%) is deducted
* Net tiltUSDC is sent to your wallet

<Note>
  **Withdrawals are never paused.** You can always exit a fund, regardless of market conditions or vault state. This is enforced by the smart contract.
</Note>

### Withdrawal Mechanics

The vault handles all the complexity:

* If there's enough idle tiltUSDC, no token sales are needed
* If not, the vault sells held tokens proportionally to cover the withdrawal
* Slippage protection ensures fair execution prices
* The entire process happens in a single transaction

## Important Notes

* **No lock-ups** — your capital is never locked. Withdraw any time.
* **No minimums** — withdraw any amount (subject to dust limits).
* **Fees are transparent** — entry and exit fees are shown before you confirm.
* **Share price reflects real NAV** — your shares represent actual ownership of the fund's assets, priced using on-chain oracle data.