# GVault

GVault is Gemach's on-chain vault product, built on the [Enzyme Finance](https://enzyme.finance/) protocol. It provides passive yield by deploying capital into DeFi liquidity strategies — while keeping assets fully self-custodial and redeemable at any time.

***

## Overview

GVault (ticker: **GMACL**) operates as an Enzyme vault that systematically provides liquidity to DeFi protocols and earns yield from protocol fees and rewards. There is no staking lockup — you can deposit or withdraw at any time.

**Vault address:**

```
0x740cbfefb9ca9c1c99d95b711e959dd960f8bdb6
```

**Access the vault:** [gmacl.enzyme.community/vault/0x740cbfefb9ca9c1c99d95b711e959dd960f8bdb6](https://gmacl.enzyme.community/vault/0x740cbfefb9ca9c1c99d95b711e959dd960f8bdb6)

***

## Key Properties

| Property            | Details                                                |
| ------------------- | ------------------------------------------------------ |
| Custody             | 100% non-custodial — you hold your vault tokens        |
| Staking             | Not required — deposit and earn passively              |
| Token standard      | ERC-20 (GMACL) — storable in any Ethereum wallet       |
| Redemption          | 24/7 on-chain via DEX or direct vault redemption       |
| Underlying platform | [Enzyme Finance](https://enzyme.finance/) (audited)    |
| Protocol fee        | 20% of gains retained by Gemach DAO to fund operations |

***

## How It Works

1. **Deposit** — Connect your Ethereum wallet to the Enzyme portal and deposit ETH, wBTC, USDC, or other approved assets. You receive GMACL vault tokens representing your share.
2. **Strategy execution** — The vault deploys capital into DeFi liquidity positions. Strategies are routinely updated based on market conditions and yield opportunities.
3. **Earn yield** — Yield accrues in the vault's NAV (net asset value). Your GMACL tokens increase in underlying value as the vault earns.
4. **Redeem** — Swap GMACL back to underlying assets at any time via DEX or the Enzyme redemption interface.

***

## Getting Started

### 1. Connect Your Wallet

Navigate to the [GMACL vault page](https://gmacl.enzyme.community/vault/0x740cbfefb9ca9c1c99d95b711e959dd960f8bdb6) and connect a compatible Ethereum wallet (MetaMask, WalletConnect, etc.).

### 2. Approve Assets

Approve the asset(s) you want to deposit — ETH, wBTC, or USDC are commonly accepted.

### 3. Deposit

Enter the amount to deposit and confirm the transaction. GMACL tokens will appear in your wallet once the transaction confirms.

### 4. Monitor Performance

Track vault NAV and performance history directly on the Enzyme portal. Strategies are periodically rebalanced — you do not need to take action.

***

## Risks and Disclaimers

> ⚠️ **Warning:** DeFi yield products carry risk. Smart contract vulnerabilities, liquidity crunches, impermanent loss, and market drawdowns can all reduce the value of your deposit. Gemach performs due diligence on underlying protocols but cannot guarantee returns.

* Smart contract risk: Enzyme is audited (see [audits](https://github.com/enzymefinance/protocol/tree/v4/audits)) but no audit eliminates all risk
* Strategy risk: Yield strategies may underperform or generate losses in adverse market conditions
* Market risk: The value of deposited assets can decline independently of vault performance

***

## Resources

| Link                                                                                           | Description                           |
| ---------------------------------------------------------------------------------------------- | ------------------------------------- |
| [GMACL Vault](https://gmacl.enzyme.community/vault/0x740cbfefb9ca9c1c99d95b711e959dd960f8bdb6) | Live vault on Enzyme                  |
| [Enzyme Finance](https://enzyme.finance/)                                                      | Underlying vault infrastructure       |
| [Enzyme Audits](https://github.com/enzymefinance/protocol/tree/v4/audits)                      | Security audit reports                |
| [GFund](https://docs.gemach.io/gemach-dao/products/gfund)                                      | Gemach's tokenized index fund product |


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