The Golden Goose Vault (GGV) is designed to maximize rewards on ETH and (w)stETH deposits while continuously optimizing for the best opportunities across chains.

APY is the annual percentage yield including compounding. In the context of GGV, the APY calculation is the following: the vault’s rewards are derived from growth in its net asset value (NAV) over time. The NAV can increase through multiple use cases, such as staking, lending, providing liquidity on third-party providers. The user’s accrued rewards will depend on the portion of the vault that they hold. The APY reflects the performance of underlying strategies to which GGV allocates capital. Rewards are distributed implicitly into GG’s growing value rather than as separate payouts.

Please note that APY figures are only estimates and subject to change at any time. Past performance is not a guarantee of future results. Rewards are influenced by factors outside the platform’s control, including changes to blockchain protocols and validator performance.

• Protocol-Level Risk (Smart Contract and Platform Risk)
These are risks arising from vulnerabilities or failures in the smart contracts used by the vault itself or by the third-party DeFi protocols it integrates with (e.g., Aave, Uniswap, etc.). The vault attempts to mitigate this risk by interacting only with protocols that have undergone extensive security audits, have robust practices, and have demonstrated reliability through long-term, large-scale usage.
• Strategy-Level Risk (Operational Risk)
These are risks related to how the vault allocates assets in various DeFi strategies. Current strategies include ETH lending, leveraged staking, and liquidity provision in ETH–wstETH pairs. Each has associated risks and mitigation measures
• Lending Risk: Lending ETH in third-party protocols carries the risk of bad debt or insolvency events at the protocol level. This risk is mitigated by using lending protocols like Aave who have deep liquidity and deep experience in risk management.
• Leverage Risk: Leveraged staking may introduce the risk of liquidation. This risk is mitigated by using correlated tokens (e.g., using wstETH as collateral to borrow ETH) which reduces the impact of market price volatibility such as the risk of liquidation due to changes in the value of the underlying assets. Additionally, the specific leverage ratio is routinely monitored by the DeFi curation team to remain within safe thresholds.
• Liquidity Provision Risk: Providing liquidity on decentralized exchanges (DEXs) can result in value loss due to changes in the relative prices of assets (impermanent loss). This risk is mitigated by using correlated pairs like wstETH and ETH where deviations in the price ratio are minimal, which reduces price divergence risk.

The curator for GGV is Veda, their role is overseeing strategy execution, risk management, and the overall performance of the vault.

The GG token represents your share of the GGV vault. Its value reflects the amount you deposited and the vault’s performance. Please note that for the first 24 hours after a deposit, the token cannot be transferred.

You can transfer it between wallets and also use them for deposits in the future. The GG token may have future DeFi utility. Keep an eye out for future announcements on Lido’s official channels.

GGV, like most DeFi vault products, allocates funds into underlying strategies (e.g. Uniswap, Aave, Morpho, Balancer, Gearbox, Euler, Fluid). Rewards accrue gradually and are reflected in the increasing value of GG relative to ETH over time. However, this growth is generally slow in the short term. Withdrawing after only 3-5 days is typically unfavorable, as strategy fees and market volatility may offset any small gains.

GGV is designed as a mid- to long-term product. Similar to holding wstETH, the value of GG units grows steadily over time. Staying invested longer helps smooth out short-term volatility and allows the vault strategies to generate meaningful rewards. However, please note this is for general information purposes only, as users should make their own decision on how long to participate based on their individual circumstances, and after conducting research and seeking professional guidance.

You can withdraw your GG tokens back into wstETH in a single transaction (withdraw + claim). Once requested, your withdrawal will show as pending on Lido UI. Withdrawals are typically fulfilled within 3 days under normal conditions.

Typically, it takes up to 3 days, though it may be faster. You can check progress in your wallet or in the Withdrawal section of the Lido GGV UI.

Withdrawals are processed in wstETH because this format allows the vault to reduce the time to claim and complete a withdrawal. By receiving wstETH, you will continue to accrue staking APR while you hold it. Also, wstETH is widely accepted in DeFi, so you can use it across protocols, bridge it to other networks, or convert it into ETH through Lido withdrawals, or secondary markets.

Yes. You can transform your wstETH to ETH using the Request and Claim tabs, trading platforms on Lido Withdrawal tab, or any other aggregator.

There’s no withdrawal fee. However, as with any Ethereum transaction, you’ll need to pay a network gas fee.

No, once you create the withdrawal request, the rewards you were getting on your deposit amount will stop generating.

You can have only one active request. To start another, cancel the existing one first.

Yes. If your withdrawal request has not yet been fulfilled, you can cancel it in the Lido UI.

Rewards are automatically included in your GG token balance and are realized upon withdrawal into a wstETH-related amount.