> ## Documentation Index
> Fetch the complete documentation index at: https://docs.thaler.finance/llms.txt
> Use this file to discover all available pages before exploring further.
# Claiming yield
> How yield accrues inside a vault and how to claim it without closing the position. The 24-hour cooldown explained in detail.
## How yield accrues
Yield is paid into the vault continuously. It does not sit in a separate account waiting to be distributed. It accumulates in three forms:
| Source | Form of accrual |
| ----------------- | -------------------------------------------------------------------- |
| Staking yield | Higher liquid staking token balance (LST appreciates against SOL) |
| Lending spread | Higher net supply position on Kamino, after borrow interest |
| Perpetual funding | Funding payments deposited to the margin account each funding period |
The **Claimable** value on the dashboard is the protocol's best estimate of the total unrealised yield that could be settled to the wallet right now, summed across the three sources.
## The claim operation
The claim operation settles part of the accrued yield to the user's wallet without closing the vault. It does not unwind any of the three pillars; the position keeps running afterwards. A claim is a small operation compared to a close.
Each vault card shows the current claimable amount.
The button is disabled when the vault is inside its 24-hour cooldown window.
A single wallet signature is required. The protocol does not need any other authorisation.
Most claims settle in under a minute. The vault continues running.
The claim is settled in the staking token of the leg that produced the yield. Most claims pay in jitoSOL or mSOL; some pay in SOL when the perpetual funding side dominates the realised amount.
## The 24-hour cooldown
Each vault has a 24-hour cooldown between claims. The cooldown starts when a claim transaction confirms; once 24 hours have passed, the vault is eligible to claim again.
The cooldown exists for two reasons:
| Reason | Effect |
| -------------------------- | ------------------------------------------------------------------------------------------------------------- |
| Operational cost | Each claim sends an on-chain transaction. Frequent claims would burn network fees against small yield amounts |
| Stable accrual measurement | A claim every block produces noisy accounting; a 24-hour minimum window gives a clean realised-yield figure |
The cooldown is enforced by the policy extension at the smart-account level. The smart account refuses the claim instruction inside the cooldown window even if the front end allows the user to send it.
## What the claim does not do
A claim:
* Does **not** close the vault. The strategy continues running.
* Does **not** reset the penalty schedule. The penalty applies only to closure; claims are independent.
* Does **not** affect the deposit. The original 2 SOL is unchanged.
* Does **not** require a counter-party. Yield is settled from the vault's own balance.
## When to claim, when to wait
Most users either:
* Claim opportunistically when the cooldown allows and the claimable amount is large enough to justify the network fee.
* Wait until close. The closure settles all accrued yield in one transaction without a separate claim.
Both choices are legitimate. Claiming neither helps nor harms the strategy. It only changes when yield moves from the vault to the wallet.
## Worked example
A vault is opened with 2 SOL on the Balanced tier (median net APY of 11.75 %). The expected realised return for a 30-day window is approximately 0.92 % of the deposit, or 0.018 SOL.
| Day | Action | Claimable before | Claimable after |
| --- | --------------- | ----------------------------- | ----------------- |
| 30 | Claim | 0.018 SOL | 0 |
| 31 | Cooldown active | (no claim) | New yield accrues |
| 55 | Claim | \~0.014 SOL | 0 |
| 90 | Close | Full balance settles in close | n/a |
Claims throughout the life of the vault are independent of the closure penalty schedule.
## Next read
The final settlement that returns the deposit plus all accumulated yield in SOL.
The 11 % service fee on realised yield and the closure penalty schedule.