# Vault Receipt Tokens

When you deposit into Fluid Lite ETH vaults, you receive iTokens, which represent your deposited assets plus accrued interest. 

For USDC deposits, you receive fLiteUSD, the vault’s ERC-4626 receipt token. 

Both iTokens and fLiteUSD are standard ERC-20 tokens that represent your share in the vault. These tokens are held in your wallet and can interact seamlessly with other DeFi applications that support ERC-20 standards.

![Hold, Redeem, or Send!
Your deposits on Lite are standard ERC-20 tokens ](/files/TUqBtaF8xv7IYfVohvj6)

### Accounting Benefits 

iTokens (ETH vaults) and fLiteUSD (USD vaults) simplify accounting by minimizing transaction complexity.

* For **fLiteUSD (USD vault)**, your token balance remains constant while the **exchange rate increases over time**, reflecting accrued yield. When redeemed, fLiteUSD returns your original deposit plus interest.
* For **iTokens (ETH vaults)**, the tokens represent your deposit plus accrued yield within the vault structure.

This design reduces on-chain reward transfers and makes yield tracking more streamlined.

## Token Contract Addresses

**iETHv2** - 0xA0D3707c569ff8C87FA923d3823eC5D81c98Be78

**fLiteUSD** - 0x273DA948ACa9261043fbdb2a857BC255ECC29012

[See iETHv2 token information on Coingecko](https://www.coingecko.com/en/coins/instadapp-eth-v2)


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