USDC vault on Sui: how The Desk works

The Desk is SUI BROKERS' configured Aftermath-powered USDC vault surface. Connect a Sui mainnet wallet, review the provider preview, and explicitly sign a deposit or withdrawal request. A withdrawal request is not an immediate payout: the Desk/provider processes it and the app keeps it pending until a completed result is reported with supporting evidence.

How to use The Desk

1. Open The Desk in the app.
2. Connect a Sui mainnet wallet and review the provider values shown for the configured vault.
3. For a deposit, review the available balance, estimated LP result, and current Desk Points estimate.
4. Explicitly approve the wallet action.
5. For a withdrawal, choose Withdraw, enter an amount within the available Desk value, and approve the request in your wallet.
6. Check the request state and history. The app reports a completed result only when provider and settlement records support it.

Before connecting a wallet, The Desk shows DEPOSIT selected with the WITHDRAW tab available, a disabled 0.00 USDC input, and unavailable wallet and Points values (captured 30 September 2026). It is an entry state, not a completed deposit or a personal vault position.

The Desk keeps provider data separate from a wallet's own history. A missing receipt, position, or payout is shown as unavailable rather than inferred.

LP shares, basis, and PNL

An LP share is your proportional claim on the pool's current value. Its cost basis is the deposit value assigned to the LP amount that remains open. A withdrawal burns part of the LP share and removes the same proportion of its basis.

Here is one conditional arithmetic example. Assume a $1,000 deposit, a current LP value of $1,100, and a settled withdrawal of 20% of the LP share. The withdrawal value is $220 (20% × $1,100), the remaining LP value is $880, and the remaining basis is $800 (80% × $1,000). Under those assumed values:

• All-time PNL: $880 + $220 − $1,000 = $100.
• Active PNL: $880 − $800 = $80.

The example explains the definitions; it is not a forecast. Do not subtract a hypothetical performance fee from these values unless the service has actually reported that fee in the relevant settled flow, or the same fee can be counted twice.

The service keeps open-position uPNL separate from closed-position metrics. Unsupported transfers or splits, missing proof, and incomplete valuation history remain unavailable.

Personal APR is historical annualization

Here is a hypothetical one-deposit, no-cashflow example: assume a $1,000 deposit and a current value of $1,030 after 30 days. The period return is ($1,030 − $1,000) ÷ $1,000 = 3%. Using a 365.25-day year:

3% × 365.25 ÷ 30 = 36.525%

Personal APR is a past-results annualization of the hypothetical period shown here. It is not a forecast of future return, future yield, compounding, or APY. When there are multiple deposits or withdrawals, do not use this simple one-deposit formula: the service uses cost-time across the verified flows so each remaining LP lot carries its own time and basis.

Desk Points are estimates until the ledger says otherwise

The current entry estimate is:

Every $25 of eligible USDC value held in The Desk for one day = an estimated 1 Point

For example, 250 USDC held for 2 days = 250 × 2 ÷ 25 = 20 estimated Points, assuming the eligible value stays unchanged for both days. The actual ledger governs any verified or recorded credit. An estimate is not an immediate credit and does not guarantee an allocation.

Current configured terms

The configured Desk terms shown by the app are:

• Performance fee: 20%
• Lock period: none

These are current configured terms. They do not guarantee liquidity, completion timing, or a return. The Desk documentation is the source for the metric definitions.

What a withdrawal status means

• Approval: the wallet signs the deposit or withdrawal request.
• Request pending: the request has been submitted, but provider processing or settlement evidence is not complete. It remains unsupported as a settled cashflow.
• Completed: the app can show the result only after provider and settlement records support it.

Processing time can vary, and the interface does not promise a fixed completion window. Keep a request pending until the service reports a completed result. A pending request is not an amount you can include as a settled withdrawal in PNL or basis calculations.

Common questions

Is the Desk's current value a guaranteed return?

No. Current value is an estimate, and the service reports supported records rather than promising a return.

Does a $25 USDC-day estimate immediately credit a Point?

No. It is an entry estimate. The ledger must confirm the relevant activity before the service shows a verified or recorded credit.

Is a withdrawal request an instant payout?

No. The Desk/provider processes the request, and the app keeps it pending until a completed result is reported with evidence.