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Funding Your Spritz Account
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Table of Contents:

Your Spritz defi wallet

At onboarding, Spritz will create a multisig wallet to hold your on-chain crypto.   The Spritz wallet will be 1 of 2, meaning you and Spritz can sign and execute transactions from this wallet.  The Spritz defi wallet will be linked to the wallet you provide during onboarding.  We currently support Gnosis Safe on the Polygon chain.

What do I need?

To fund your Spritz account, you need:

Funding your account

We recommend sending tokens from your wallet to your Spritz account - this can be MATIC, USDC, USDT, DAI, or other tokens.  You will receive your Spritz account address at onboarding and can view it any any time in the Spritz app.

If you are interested in transferring composable LP, yield farm, or lending positions without closing and converting to tokens, please let us know and the Spritz team will help walk you through it.

Earning yield

After sending tokens to your Spritz account, you can invest these funds in your favorite defi yield strategy.  Some favorites of the team include:

Liquidity Pools

  • USDC/USDT stable pair pool on Quickswap that can be staked for yield farming rewards
  • USDC/ETH pool on Quickswap that can be staked.  This pool has ETH price exposure and may be subject to impermenent loss (IL)
  • USDC/MATIC pool on Quickswap.  This pool has MATIC price exposure and may be subject to impermenent loss (IL)
  • USDC/USDT stable pair pool on Sushiswap that can be staked for yield farming rewards
  • USDC/ETH pool on Sushiswap that can be staked.  This pool has ETH price exposure and may be subject to impermenent loss (IL)
  • USDC/MATIC pool on Sushiswap that can be staked.  This pool has MATIC price exposure and may be subject to impermenent loss (IL)

Lending

Getting funds to the Polygon chain

To get funds to Polygon, you can use a bridge to transfer tokens from another chain to Polygon.  Allbridge.io is a popular tool for sending funds from Solana, Terra, and Ethereum among others.

Some centralized exchanges (CEXs) like crypto.com allow withdraws to a Polygon (Matic) wallet address.  Other exchanges will only allow withdrawals via ERC-20 tokens to an Ethereum wallet address, please carefully review the withdrawal rules if sending funds from your crypto exchange.

Withdrawing ERC-20 tokens from an exchange to Ethereum will require bridging to Polygon and incur Ethereum gas fees.  If your exchange does not allow a withdrawal to the Polygon (Matic) chain, withdrawing to Solana and bridging directly to Polygon is a lower-fee alternative.

Contact Spritz for help

Email us at support@spritz.finance, chat with us at spritz.finance, or find us on our Discord

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