> ## Documentation Index
> Fetch the complete documentation index at: https://docs.makx.io/llms.txt
> Use this file to discover all available pages before exploring further.

# Lending & Yield Overview

> Deposit ETH into the Makx Yield Vault, earn interest as your capital is rented to meme coin launches.

## What is makx.finance?

makx.finance is the DeFi lending side of the Makx protocol. The Makx Yield Vault accepts ETH deposits and lends that ETH to token launches on makx.io as `bondAmount` — the base liquidity that backs each pool.

In return, the vault earns continuous per-second interest paid by MakxYieldPad on all outstanding bonds. That interest raises the share price of METH — the vault's ERC-20 share token.

***

## Principal safety

**Can the Liquidity be Rugged or Tokens Dumped to drain Borrowed ETH?**

Any ETH provided as liquidity is mathematically guaranteed to be recoverable to at least Full Amount:

* The vault is the only ETH liquidity provider at each launch. All tokens minted (Entire fixed Supply) are paired with borrowed ETH, so the only means to have any tokens is to buy from the Liquidity Pool. All acts of dumping , Rug pulls etc are simple sell operations returning previously purchased ETH to the Pool and generating protocal Fees.
* Buyers must deposit ETH to receive tokens; sellers must return tokens to receive ETH.
* On liquidation or bond repayment, the vault always recovers at least `bondAmount`.

See [Yield Mechanics](/finance/yield-mechanics) for the full explanation.

***

## METH — Makx ETH

When you deposit ETH into the Makx Yield Vault, you receive **METH** (Makx ETH) shares. METH is a standard ERC-20 token that represents your proportional claim on vault assets.

As token launches pay rent (which flows to the vault as interest), `totalAssets` increases and the ETH value of each METH share rises.

```
sharePrice = totalAssets × 1e18 / totalSupply
totalAssets = idle ETH balance + totalBondedETH
```

METH is a **yield-bearing token** — you don't need to stake or claim separately. Simply holding METH means your ETH is earning yield.

***

## Revenue source

| Source                        | How it flows                                                                                                                           |
| ----------------------------- | -------------------------------------------------------------------------------------------------------------------------------------- |
| Rental interest from launches | YieldPad accrues per-second interest on all bonded ETH and pushes it to the vault via `collectInterest()`. Raises vault `totalAssets`. |
| LP trading fees               | Go to token creators, not the vault directly.                                                                                          |
| Hook swap fees                | Go to token creators, not the vault directly.                                                                                          |

The vault's single source of yield is **interest from lending ETH to token launches**. No staking, no governance incentives, no emissions.

***

## Getting started

1. Go to [makx.finance](https://makx.finance)
2. Connect your wallet
3. Deposit ETH → receive METH shares
4. METH appreciates as interest accrues
5. When you want out: request withdrawal → wait for cooldown → redeem METH for ETH

See [Deposit & Withdraw](/finance/deposit-withdraw) for details.