Here’s how they manage to bring up to 65% APYs to YOP users

  • Base APY: This is the return generated from the underlying strategies in the Vault and is denominated in the deposit token (e.g USDC for USDC Genesis Vault). There is no “claim” option for these returns as they are automatically re-invested into the strategy. When it comes to withdrawal, users would see the increase in their tokens deposited.
  • Reward APY: This component of returns is separate from the return generated from the underlying strategies and is always denominated in $YOP. A portion of the community emissions is allocated to each Vault and the share of each depositor depends on a set of factors.

Public Launch & Reward APY’s

Boosted Returns

  • Depositors that do not have any $YOP staked will receive a “Basic Boost” (x1).
  • Depositors that have staked but have a lower share of the LockBox than the Vault, will receive a “Sub-Optimal Boost” (x1 — x9).
  • Depositors that have an equal share of the LockBox and the Vault, will receive an “Optimal Boost” (x10).
  • Depositors that have a larger share of the LockBox than the Vault will still receive a x10 boost, but they will have “Boost Buffer” — meaning they continue to receive a x10 Boost until their buffer is eroded (by other staking in the LockBox).

Summary

--

--

--

Crypto trader

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

This week in the news — 9 November 2018

How to Buy an Asteroid

Impact of DeFi on The Real World

Using Ethereum Wallets (part 1 of 2)

December 13st Introducing the coincircle app

Solid Protocol — The Next Generation of Rebasing

OREN Game: Tech architecture

Exodus crypto wallet starts trading on SEC-registered platform

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Nikusoni

Nikusoni

Crypto trader

More from Medium

Sheesha Finance Strategic Partner: NewTribe Capital

The Endless NFT is here!

TUSD x Yield App AMA

HOW TO EARN UP TO 395,677% APY WITHIN A YEAR ON THE CYLUM DEFI PROTOCOL