# Making Your First Deposit

This guide walks you through depositing USDT into IMP Money to start earning 0.7% daily returns.

## Prerequisites

Before depositing, ensure you have:

* ✅ A connected wallet (see [Connect Wallet](https://docs.imp.money/getting-started/connect-wallet))
* ✅ USDT on BNB Smart Chain (minimum $10)
* ✅ Small amount of BNB for gas (\~$2)

## Step-by-Step Deposit

### 1. Navigate to Dashboard

Go to [imp.money](https://imp.money) and ensure your wallet is connected.

### 2. Enter Deposit Amount

* Minimum deposit: **$10 USDT**
* No maximum limit
* Enter the amount you wish to deposit

### 3. Add Referral Code (Optional)

If someone referred you, enter their referral code or wallet address. This:

* Links you to their network
* Gives them a commission on your deposit
* Does NOT reduce your earnings

{% hint style="info" %}
**No referrer?** You can deposit without one, but you'll miss out on potential team benefits if you later want to build a network.
{% endhint %}

### 4. Approve USDT

First transaction: **Approve** the smart contract to use your USDT.

1. Click "Approve USDT"
2. Confirm in your wallet
3. Wait for confirmation (\~3-5 seconds on BSC)

### 5. Confirm Deposit

Second transaction: **Deposit** your USDT.

1. Click "Deposit"
2. Review the transaction details
3. Confirm in your wallet
4. Wait for confirmation

### 6. View Your Position

Once confirmed, you'll see:

* **Deposited Amount** - Your principal
* **Lock End Date** - 21 days from now
* **Daily ROI** - 0.7% of your deposit
* **Claimable** - Accumulated profits (updates daily)

## Understanding the 21-Day Lock

Your deposit is locked for 21 days. During this time:

| Action             | Available?      |
| ------------------ | --------------- |
| Claim profits      | ✅ Yes, anytime  |
| Add more deposits  | ✅ Yes           |
| Withdraw principal | ❌ After 21 days |

After 21 days, you can:

* Withdraw everything (principal + remaining profits)
* OR leave it and continue earning

## Gas Fees

Typical transaction costs on BSC:

| Action       | Approx. Cost |
| ------------ | ------------ |
| Approve USDT | \~$0.10      |
| Deposit      | \~$0.20      |
| Claim        | \~$0.15      |
| Withdraw     | \~$0.20      |

## What Happens to Your USDT?

1. **USDT enters the IMP Vault** smart contract
2. **Vault deploys to PancakeSwap V3** CLMM pools
3. **Concentrated liquidity** earns trading fees
4. **Protocol calculates your share** at 0.7% daily
5. **You claim profits** whenever you want

## Example

| Deposit | Daily Return | After 21 Days  |
| ------- | ------------ | -------------- |
| $100    | $0.70        | $14.70 profit  |
| $500    | $3.50        | $73.50 profit  |
| $1,000  | $7.00        | $147.00 profit |
| $5,000  | $35.00       | $735.00 profit |

## Important Notes

{% hint style="warning" %}
**Risk Disclosure**: DeFi protocols carry inherent risks including smart contract bugs, market volatility, and liquidity risks. Only deposit what you can afford to lose.
{% endhint %}

* Profits accrue from the moment of deposit
* You can make multiple deposits (each has its own 21-day lock)
* Referral commissions are paid instantly to referrers

***

→ Next: [Claiming Profits](https://docs.imp.money/getting-started/claiming-profits)


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