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HydraVaults
HydraVaults provide a unique opportunity for you to earn Virtue-Rewards up to 0.20% per epoch while also playing a vital role in the growth of our ecosystem.
If you're looking to take part in a HydraVault, all you need to do is deposit some BUSD, and in return, you'll get USDy. The USDy will be minted by the protocol in accordance with the value of your BUSD deposit and the current price of USDy. There will be a deposit fee that goes towards increasing the vaults Perpetual Ratio, which will be taken from the USDy that the protocol mints.
This ever-increasing Perpetual Ratio represents a great opportunity for those who deposit early, as your USDy balance will continue to grow each time a deposit is made. So, not only will you be earning Virtue-Rewards every 8 hours but your staked balance will also be increasing as more deposits are made into the vault!
That's not all though - during our Liquidity Propulsion Event, the protocol will be minting USDy at a rate of 200% for each BUSD deposit - and after taking into consideration the 10% deposit fee that increases the vault Perpetual Ratio - it translates to a massive 80% bonus on your deposit.
Virtue-Reward Rate | Deposit Fee | Receipt | Withdrawal Fee |
|---|---|---|---|
0.10% per epoch | 10% | YSL-LP | 0% |
- Receives minted USDy rewards on each epoch (every 8 hours).
- The YSL-BUSD vault will receive USDy based on a rate of 0.10% per epoch.
- The amount of USDy that is minted as rewards every 8 hours will be dependent on the TVL of the USDy vault, whereby the protocol will mint USDy based on 0.10% of the supply staked within the USDy vault.
- There is a 10% deposit fee applicable every time BUSD is deposited into the vault by a user, whereby the protocol will first mint USDy equivalent in value to 100% of the BUSD, from which 10% will be deducted as a deposit fee and added to the vaults contract - effectively increasing the vaults perpetual ratio.
- Subsequently, the protocol will mint YSL-LP for the user based on the remaining 90% and the increased ratio. The USDy (90%) and minted YSL-LP will then be added to the vaults contract.
Virtue-Reward Rate | Deposit Fee | Receipt | Withdrawal Fee |
|---|---|---|---|
0.10% per epoch | 10% | xYSL-LP | 0% |
- Receives minted USDy rewards on each epoch (every 8 hours).
- The xYSL-BUSD vault will receive USDy based on a rate of 0.10% per epoch.
- The amount of USDy that is minted as rewards every 8 hours will be dependent on the TVL of the USDy vault, whereby the protocol will mint USDy based on 0.10% of the supply staked within the USDy vault.
- There is a 10% deposit fee applicable every time BUSD is deposited into the vault by a user, whereby the protocol will first mint USDy equivalent in value to 100% of the BUSD, from which 10% will be deducted as a deposit fee and added to the vaults contract - effectively increasing the vaults perpetual ratio.
- Subsequently, the protocol will mint xYSL-LP for the user based on the remaining 90% and the increased ratio. The USDy (90%) and minted xYSL-LP will then be added to the vaults contract.
Virtue-Reward Rate | Deposit Fee | Receipt | Withdrawal Fee |
|---|---|---|---|
0.20% per epoch | 5% | USDy-LP | 0% |
- Receives minted USDy rewards on each epoch (every 8 hours).
- The USDy-BUSD vault will receive USDy based on a rate of 0.20% per epoch.
- The amount of USDy that is minted as rewards every 8 hours will be dependent on the TVL of the USDy vault, whereby the protocol will mint USDy based on 0.20% of the supply staked within the USDy vault.
- There is a 5% deposit fee applicable every time BUSD is deposited into the vault by a user, whereby the protocol will first mint USDy equivalent in value to 100% of the BUSD, from which 5% will be deducted as a deposit fee and added to the vaults contract - effectively increasing the vaults perpetual ratio.
- Subsequently, the protocol will mint USDy-LP for the user based on the remaining 95% and the increased ratio. The USDy (95%) and minted USDy-LP will then be added to the vaults contract.
Virtue-Reward Rate | Deposit Fee | Receipt | Withdrawal Fee |
|---|---|---|---|
0.10% per epoch | 10% | BSHARE-LP | 0% |
- Receives minted USDy rewards on each epoch (every 8 hours).
- The BSHARE-BUSD vault will receive USDy based on a rate of 0.10% per epoch.
- The amount of USDy that is minted as rewards every 8 hours will be dependent on the TVL of the USDy vault, whereby the protocol will mint USDy based on 0.10% of the supply staked within the USDy vault.
- There is a 10% deposit fee applicable every time BUSD is deposited into the vault by a user, whereby the protocol will first mint USDy equivalent in value to 100% of the BUSD, from which 10% will be deducted as a deposit fee and added to the vaults contract - effectively increasing the vaults perpetual ratio.
- Subsequently, the protocol will mint BSHARE-LP for the user based on the remaining 90% and the increased ratio. The USDy (90%) and minted BSHARE-LP will then be added to the vaults contract.
Last modified 22d ago