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StableVaults

What are StableVaults and their benefits?

Do you have stablecoins just sitting idle in your wallet, not earning anything?
Well, we have the perfect solution for you! Simply deposit your stable assets into our StableVaults and earn incredible rewards every 8 hours! That's right, you heard us correctly - every 8 hours you will earn Virtue- Rewards (USDy) just for staking them in our StableVaults.
The best part is that there are no deposit fees and no withdrawal fees - just cold, hard rewards. This means that you get to keep all of the rewards that you earn, without having to worry about any hidden costs. However, in order to help reduce the front-running of rewards, there will be a mandatory 4-epoch warm-up period before a withdrawal can be made from the vault. But don't worry - during this time you will still be able to claim any USDy that you may have earned on your staked balance.
The key to the success of any project is liquidity. Without a constant supply of liquidity, the price of any token would fluctuate wildly with trading activity, making it impractical in the long term. That's why we've not only purpose-built multiple avenues of liquidity growth for USDy, but we have protected its constant supply of liquidity with our revolutionary anti-dump mechanism, known as LSM (Liquidity Stability Model).
In addition, our StableVaults will be working in conjunction with an innovative price stabiliser for USDy, known as the USDy Counterfort Mechanism. This mechanism has been specifically developed to help stabilize the price of USDy at $1.00. One of its functions (USDy Liquidity Balancer) will be triggered every time a deposit or withdrawal is made from a StableVault, to help USDy maintain its peg at $1.00.
The launch of StableVaults will provide a much-needed infusion of liquidity to bolster our ecosystem. Whereby, every deposit that is made into a StableVault will generate USDy-BUSD liquidity equivalent to 200% of the deposit.
We believe that our StableVaults will be a key driver in aiding our mission to create a stable and sustainable ecosystem. By providing an additional layer of liquidity for USDy, they not only provide the liquidity necessary for our ecosystem's continued expansion but also help boost confidence to encourage participation, creating a virtuous cycle that will lead to even more growth in the future.

Our protocol will offer a range of StableVaults for you to choose from:

  • ​DAI -> Earns Virtue-Rewards (USDy) at a rate of 0.10% every 8 hours.
  • ​USDT -> Earns Virtue-Rewards (USDy) at a rate of 0.10% every 8 hours.
  • ​BUSD -> Earns Virtue-Rewards (USDy) at a rate of 0.10% every 8 hours.
  • ​USDC -> Earns Virtue-Rewards (USDy) at a rate of 0.10% every 8 hours.

1️⃣ DAI Vault

Receipt
Virtue-Reward Rate
Deposit Fee
Withdrawal Fee
DAI-S
0.10% per epoch
0%
0%

How does the DAI vault earn?

✅ Earns Virtue-Rewards every 8 hours based on the USDy vaults TVL

  • Receives minted USDy rewards on each epoch (every 8 hours).
  • The DAI 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.
👉 Example: DAI Vault Deposit
👉 Example: DAI Vault Withdrawal

2️⃣ USDT Vault

Receipt
Virtue-Reward Rate
Deposit Fee
Withdrawal Fee
USDT-S
0.10% per epoch
0%
0%

How does the USDT vault earn?

✅ Earns Virtue-Rewards every 8 hours based on the USDy vaults TVL

  • Receives minted USDy rewards on each epoch (every 8 hours).
  • The USDT 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.
👉 Example: USDT Vault Deposit
👉 Example: USDT Vault Withdrawal

3️⃣ BUSD Vault

Receipt
Virtue-Reward Rate
Deposit Fee
Withdrawal Fee
BUSD-S
0.10% per epoch
0%
0%

How does the BUSD vault earn?

✅ Earns Virtue-Rewards every 8 hours based on the USDy vaults TVL

  • Receives minted USDy rewards on each epoch (every 8 hours).
  • The 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.
👉 Example: BUSD Vault Deposit
👉 Example: BUSD Vault Withdrawal

4️⃣ USDC Vault

Receipt
Virtue-Reward Rate
Deposit Fee
Withdrawal Fee
USDC-S
0.10% per epoch
0%
0%

How does the USDC vault earn?

✅ Earns Virtue-Rewards every 8 hours based on the USDy vaults TVL

  • Receives minted USDy rewards on each epoch (every 8 hours).
  • The USDC 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.
👉 Example: USDC Vault Deposit
👉 Example: USDC Vault Withdrawal