# Common Workflows

## Deposits

1. A holder of the underlying ERC20 asset gives proper allowance (<mark style="color:purple;">`approve`</mark>) of that asset to the Firelight Vault.
2. The holder transfers (<mark style="color:purple;">`deposit`</mark> or <mark style="color:purple;">`mint`</mark>) the asset to the Launch Vault, and receives shares.

{% hint style="warning" %}
Optional: User can transfer shares to accounts that are not blocklisted.
{% endhint %}

## Withdrawals

1. The shareholder starts a withdrawal request (<mark style="color:purple;">`withdraw`</mark> or <mark style="color:purple;">`redeem`</mark>) to exchange shares for the underlying assets.
2. After the waiting time has passed, the shareholder can claim the requested withdrawal (<mark style="color:purple;">`claimWithdraw`</mark>) for that period.<br>

## **Useful Functions:**

* <mark style="color:purple;">`asset()`</mark>: Returns the address of the underlying token.
* <mark style="color:purple;">`totalAssets()`</mark>: Returns the total amount of the underlying asset.
* <mark style="color:purple;">`convertToShares(assets)`</mark>: Returns the amount of shares that the vault would exchange for the amount of assets provided.
* <mark style="color:purple;">`convertToAssets(shares)`</mark>: Returns the amount of assets that the vault would exchange for the amount of shares provided.
* <mark style="color:purple;">`isBlocklisted(account)`</mark>: Indicates whether an account is blocklisted.
* <mark style="color:purple;">`depositLimit()`</mark>: The maximum total amount of assets that can be deposited into the vault.
* <mark style="color:purple;">`currentPeriod()`</mark>: Returns the current active period.
* <mark style="color:purple;">`balanceOfAt(account, timestamp)`</mark>: Returns the effective total shares for account at a specific timestamp.


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