Step-by-step guide on how to deposit into and join an investment club on Syndicate.
To join an investment club on Syndicate, you must have aweb3 wallet (e.g., MetaMask)—with the assets you will be depositing (e.g., USDC or ETH) into the club as well as some ETH for gas—from which you can view the investment club dashboard, deposit assets, receive the club's tokens (ERC20s), and accept distributions. Do not transfer funds directly from a centralized exchange wallet or account.
Joining an investment club on Syndicate can take as few as 30 seconds—or up to a few minutes if this is your first time.
If you've used Web3 applications before, depositing into and joining an investment club on Syndicate is easy:
Go to the investment club's deposit page, sent to you by the club's admin (jump to section)
Complete the deposit and receive the club's tokens (ERC20s) (jump to section)
You are now a member of the investment club! If you need more information, see the detailed step-by-step guide below.
1/ Go to the club's deposit page
Go to the club's deposit page on https://app.syndicate.io via the link that was sent to you by the investment club's admin. In the top right of the deposit page, you should see the "Open to deposits" status and an area where you can input how much you want to deposit into the investment club.
If the status is not "Open to deposits," the investment club may be closed to new investors and/or deposits. You should check with the investment club's admin directly for more information.
Top right area to input how much you want to deposit into the club
On the top left of the page, you will also see a status bar showing how much has been deposited into the investment club to date, as well as how much room is left. Once the maximum amount has been deposited into the investment club, no more deposits can be accepted. You should contact the investment club's admin directly if this is the case.
Top left area showing the investment club's current number of deposits and room left
2/ Connect your Web3 wallet
If you haven't already, connect your Web3 wallet to Syndicate by clicking on the "Connect wallet" button. This wallet should have the deposit asset (e.g., USDC or ETH), enough ETH for gas, and be the wallet where you will receive the club's tokens (ERC20s) that represent your share of the investment club and can be used for on-chain governance.
Connect wallet button on the club's deposit page
Choose which Web3 wallet to connect to Syndicate. Syndicate supports MetaMask, WalletConnect, and Gnosis Safe (through WalletConnect). Once your wallet is connected, you can begin to deposit into the club.
Choose which wallet to connect to Syndicate
3/ Accept the club's legal documents
This step is only applicable to members who are part of a club that has a legal entity attached. If your club does not have a legal entity, please jump to step 5. When you use the deposit link sent by your admin and connect your wallet, you will automatically be taken to the section that requires you to sign legal documents before depositing funds.
Club member's legal document signing modal
Please have the following information ready before you proceed with the document signing.
Full legal name
An email address (to receive a copy of the legal paperwork)
Deposit amount (total amount you intend to deposit)
Please fill the above information in the form that will be displayed (as shown below) when you get started.
Member legal information collection
Please download the Exhibit A, B & C.pdf file and fill in the appropriate PII and send them separately to your admin. For your privacy, we do not collect any Personal identifiable information (PII).
4/ Review and sign the legal documents
The information from the form will be prefilled in the legal documents. Please review the operating and subscription documents and click on the "Sign" button. Once you click, a digital signing transaction need to be approved from within your wallet after which, a digital signature will be placed in the appropriate sections of the documents.
Digital signature in the legal documents
Once you've signed all the documents, a copy of these will be sent to the email you provided. You can now deposit funds into the club.
5/ Enter an amount to deposit into the club
In the top right area of the deposit page, enter an amount you want to deposit into investment club. You can also click "Max" which will set the deposit amount to the maximum number of assets in your wallet (in the example below, "Max" would set the deposit to 12,345.67 USDC).
Once you are ready, click "Continue."
Set the amount to deposit and click "Continue"
6/ Approve the deposit
For your security, Syndicate's smart contracts require you to first approve before completing the deposit. This approval will enable Syndicate's smart contracts to transfer the deposit asset (e.g., USDC or ETH) from your wallet to the investment club. Complete this approval via your wallet (e.g., MetaMask).
Confirm approval via MetaMask
If you reject this approval, the deposit process will be cancelled—to deposit you'll have to start over. After you confirm the approval via your wallet, you will see the screen below waiting for the approval to finalize.
Screen when you're approving the deposit
Once the approval is finalized, you will be able to complete the deposit below.
7/ Complete the deposit and receive the club's tokens
Once you've approved the deposit in, you can complete the deposit by transferring the assets (e.g., USDC or ETH) from your wallet to the investment club—and in return, receive the club's token (ERC20) in return. The club tokens are non-transferrable ERC20s that reflect your ownership share of the investment club—they can also be used for on-chain governance, enable automated distributions, and are composable with the entire Web3 ecosystem of DAO and governance apps.
First click "Complete deposit" to begin finalizing the process:
Complete deposit is available after finalizing the approval
Next, you will be asked to confirm the deposit transaction via your wallet (e.g., MetaMask). Please click "Confirm":
Confirm deposit transaction in MetaMask
After confirming via your wallet, you will see the following screen as your transaction is being finalized. You can click "Etherscan" to see the transaction details and status on https://etherscan.io. You will also notice that in return for your deposit, your wallet will be receiving a specified number of the club's tokens (ERC20s) representing your share of the club.
Screen while transaction is finalizing
Once the transaction has been finalized, you will see this screen confirming the amount that you have deposited into the investment club, as well as the number of club tokens (ERC20) you've received and your corresponding (current) ownership share of the investment club. You can also copy the transaction link for your records and to send to the club's admin to confirm that you've joined the investment club.
Screen indicating you have successfully joined the club
Finally, when you go back to the investment club's deposit/dashboard page, you will see on the right side a new area that shows how much you've deposited into the club, how many club tokens you have, and what is your current percentage ownership of the club (the percentage can change as more people deposit and join the club). You also have the option to deposit more into the club via the same process, as long as the club is still "Open to deposits."
Option to deposit more into the club
Congratulations, you are now a member of the investment club!