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Perena runs USD*, a yield-bearing stablecoin vault. Vanna lets you deposit USDC from your margin account and hold the vault shares as collateral.
Perena USD* vault page with APY 7D, Share Price, Holders and Total Value Locked, an Analytics tab with Share price (Perena), Share price (Vanna), Exit fee, Recorded APY 30D, ROI and Max drawdown, and a Deposit panel for 10 USDC

USD* vault page, Analytics tab: APY (7D), share price on Perena and on Vanna, exit fee, recorded APY, and the Deposit panel.

The two vaults

Deposit

1

Open the vault

On Farm → Lending / Single Assets, click USD* or USD* Junior (Perena badge).
2

Enter USDC

Deposits are in USDC from your margin account (Margin shows the balance).
3

Read the details

Network, deposit amount, Est. receipt received (USDC ÷ share price), Share price, APY and projected monthly earnings.
4

Deposit

Click Deposit and approve. The shares arrive in your margin account.

Withdraw

Switch to Withdraw and enter how many shares to redeem. The details show the Est. USDC received; for USD* Junior that already includes the 1% instant-exit fee.

The numbers

Shares are valued at their share price in your health factor.

Next steps

Farm positions

Track earnings and exit.

Yield vaults

How Perena and basis vaults work.