> For the complete documentation index, see [llms.txt](https://docs.lagoon.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.lagoon.finance/vault/deposit-and-withdraw-flows.md).

# Deposit and Redemption flows

Asynchronous deposits and withdrawals follow a four step flow. Requests are grouped and settled at a single valuation point, ensuring consistent pricing within each settlement cycle.

{% hint style="info" icon="lightbulb" %}
Why Asynchronous Matters

Asynchronous flows reduce fragmented execution and allow settlement to align with valuation, strategy constraints, and operational processes.
{% endhint %}

{% hint style="info" %}
Vaults can be configured as **async-only**, permanently disabling synchronous deposits and redeems.
{% endhint %}

### Deposit flow:

<figure><img src="/files/5J8MAQTg847VRY76oJal" alt=""><figcaption><p>Deposit workflow</p></figcaption></figure>

{% stepper %}
{% step %} <mark style="color:$primary;">**Request**</mark>

<sup>**User signals intent to deposit**</sup>

Users call `requestDeposit` to signal their intent to enter the vault. Assets are transferred to the pending silo, a utility contract deployed at vault creation to hold assets awaiting settlement.
{% endstep %}

{% step %} <mark style="color:$primary;">**Valuation and Settlement**</mark>

<sup>**Curator batches and processes requests at a valuation point**</sup>

Settling requires a fair valuation of the vault's positions. The valuation provider submits a NAV to the vault. The curator reviews and approves it by calling `settleDeposit`, ensuring no settlement occurs on an unverified valuation.

All queued deposit requests are then processed at this single valuation point. The corresponding shares are minted.

{% hint style="info" %}
This is a two-step procedure: the valuation provider *proposes* the NAV first, then the curator *accepts and settles*. This separation adds an extra layer of verification.
{% endhint %}
{% endstep %}

{% step %} <mark style="color:$primary;">**Claim**</mark>

<sup>**User receives shares after settlement**</sup>

After settlement, users start earning directly. Ownership of the vault is represented by an ERC-20 share token. Shares are held inside the vault and can be claimed at any time on the vault page.

{% hint style="success" %}
The curator can claim shares on behalf of users and transfer them directly to their address. See [How to claim shares on behalf of users.](https://docs.lagoon.finance/~/revisions/phXXVbw4mv6W4TT1F2GY/vault/how-to/claim-shares-on-behalf-of-users)
{% endhint %}
{% endstep %}
{% endstepper %}

### Redemption flow

In the redemption process, unlike the deposit process, users cannot cancel their withdrawal requests. This measure prevents users from making curators unwind positions without a valid reason.<br>

<figure><img src="/files/GvsFthy7DzGwQ0ilhzZO" alt=""><figcaption><p>Redemption workflow</p></figcaption></figure>

{% stepper %}
{% step %} <mark style="color:$primary;">**Request**</mark>

<sup>**User signals intent to withdraw**</sup>

Users call `requestRedeem` to signal their intent to exit the vault. Shares are transferred to the pending silo. Unlike deposits, redemption requests **cannot be cancelled** once submitted.
{% endstep %}

{% step %} <mark style="color:$primary;">**Settlement**</mark>

<sup>**Curator batches and processes requests at a valuation point**</sup>

The valuation provider submits a NAV. The curator reviews, approves, and calls `settleRedeem`. All queued redemption requests are processed at this single valuation point. The corresponding assets are unlocked.
{% endstep %}

{% step %} <mark style="color:$primary;">**Claim**</mark>

<sup>**User receives assets after settlement**</sup>

After settlement, assets are available for the user to claim on the vault page. The curator **cannot** claim on behalf of users for redemptions. Each user must trigger their own claim transaction.

{% hint style="success" %}
The curator can claim assets on behalf of users and transfer them directly to their address.
{% endhint %}
{% endstep %}
{% endstepper %}

### Lagoon Epoch workflow

<figure><img src="/files/4pObuDOTWmDx1rKp7dUI" alt=""><figcaption></figcaption></figure>