It's just the name that matches the functions bytecode signature in the smart contract. What it does depends on the body of the function since someone can name a function 'Deposit' and make it do something completely different - in honeypot contracts for example.

Hi, I was curious to know what does "method", "deposit" do? Is the funds being transferred elsewhere or being deposit as in staked somewhere?

Thanks in advance!

https://preview.redd.it/n1ahszh0mt391.jpg?width=111&amp;format=pjpg&amp;auto=webp&amp;s=e98dc38b7a42fe080b50cdd880e50457e893a03d

Etherscan (deposit?)