Key Properties
- Non-Custodial Instant Liquidity
Assets remain fully under user control with no lockups or withdrawal delays. - On-Chain Transparency
All interactions, positions, and rewards are executed and verifiable on-chain. - NFT-Based Positions
Each position is represented by a Soulbound NFT reflecting balance and accrued rewards through dynamic on-chain metadata. - Automated Capital Allocation
Stablecoin routing, lending supply and reward calculations are managed programmatically to optimize execution and accuracy while preserve full transparancy.
Yield & Incentives
Your returns come from two primary sources:- Lending Interest: Earned directly from supplying liquidity to the JustLend protocol.
- Incentives: Additional USDT-denominated rewards are distributed weekly by JustLend to the Smart Liquid Vault and subsequently allocated to users on the following day..
- Points: L2Pass operates a points-based incentive program for this product.
Points are tracked internally. There is currently no public dashboard or leaderboard.
Upon public enrollment, all eligible historical activity will be accounted for retroactively.
Fee Structure
| Fee Category | Rate | Note |
|---|---|---|
| Deposit Fee | 0% | No cost to enter the vault |
| Withdrawal Fee | 0% | No protocol fee |
| Performance Fee | 0% | Applied only to realized yield/rewards. |
Learn More
Dive deeper into the technical and operational specifics of Overnight Yield.User Flow
Step-by-step overview of the deposit, accrual, and withdrawal lifecycle.
Architecture
Deep dive into the Smart Liquid Vault, SBT logic, and system layers.
FAQ
Answers to common questions regarding rewards and mechanics.
Risks
Key risk disclosures, assumptions, and protocol limitations.
Community & Support
Join the L2Pass Telegram group for real-time updates and direct community support.