Lemma

Start by deciding what you need today: neutral yield from a market spread or stable dollars you can deploy across DeFi. Connect your wallet, choose the product, and review the parameters shown on the dashboard. If you are targeting yield, you will use the basis spread vault with leverage; if you want stable liquidity, you will mint or hold USDL, a token designed to track one US dollar. The interface guides you through approvals, collateral selection, and transaction confirmation in a few clicks.

For the vault, the workflow is straightforward. Deposit approved collateral and pick your target exposure. The strategy pairs opposing positions to capture the basis between spot and perpetual markets, with leverage applied within preset limits. Before confirming, check projected funding capture, estimated costs, and risk guards such as health factor or max drawdown. After entry, monitor live metrics: net exposure, accrued yield, and utilization. You can set alerts for funding flips, tighten or loosen leverage, or partially unwind during volatility. Exiting is reversible and granular: close all at once to realize performance or withdraw a portion while the rest continues compounding. Treasuries can schedule periodic top-ups and automate distributions to match cash flow needs.

If you need stable working capital, use USDL. Mint by supplying accepted collateral, or swap into it on supported venues. Once you hold USDL, route it to payments, lending markets, or liquidity pools. It slots into common DeFi actions: pay contributors, post margin, or park idle funds while you wait for entries. When you want to exit, redeem back to collateral or swap out with minimal steps. Stability is supported by on-chain collateral and mint burn arbitrage that help keep the price near one dollar, while transparency dashboards show supply, backing, and recent flows. Risk management is simple: set spend limits, track counterparty exposure across protocols you deposit USDL into, and use multisig or hardware signers for treasury operations.

Builders can integrate both products programmatically. Read vault state, funding estimates, and health via public endpoints or contract calls to drive automated rebalancing. Trigger mint burn of USDL from back office systems to streamline collections and payouts. Create scripts that move surplus yield into USDL when spreads compress, then re-enter the vault when conditions improve. If you run a venue or app, add USDL as a quote asset to simplify pricing and settlement. Best practice: simulate with small size, monitor oracle and funding conditions, and define clear unwind rules for stress events.