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

Step Hero’s IDO Will Be Launched on LaunchZone

Upcoming Listings: LEND, WND

WhiteBIT InstantSend review

10 Ways Bitcoin Has Already Changed the World

BLUE HORIZON x Satoshi Club AMA Recap from 10th of November

ShoeFy Product Update

Episode 427 John Hensel from Securrency

How can we make money from the market where $69.34 million NFT artworks can be sold?

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

YOP has partnered with BTblock where they conducted a Code Review and a Security Assessment for…

Shackles And Blockchain Interoperability

Hero Park & Gnosis Safe: Security & Decentralization