Fantom Defi: Use Yield Aggregator FastYield and Earn 250% APR on BTC ETH LP Pairs
SoundCrypto Crypto Currency for Beginners
Learn how to use Yield Aggregator FastYield.app and Earn 250% APR on BTC-ETH LP Pairs. Fastyield is a yield optimizer, which enables yield aggregation for holders and users of FAST token. To facilitate automation of the yield farming and the process of compounding, Fastyield uses vaults. Vaults also enable a more efficient utilization of gas, as well as other automated processes, and use different yield strategies to help users grow their asset through automation. Fastyield has an optimal compounding strategy with an efficient pricing model, designed to encourage long-term yield farming and provide appropriate incentives for long-term holders.
Buying Bitcoin Without Fees from Strike App You can buy Bitcoin from Strike App without any fees. You heard it right-- there is no fees to buy Bitcoin with fiat (in my case USD) in Strike app. I will provide links below to Strike App signup if you do not have one. Strike App you need to do KYC (Know-Your-Customer) with government issued ID. There is no miner fees to send Bitcoin on Strike App due it's use of Bitcoin Lightning Network. There is a weekly limit of $2000 to purchase bitcoins. I love it because it allows me to invest my weekly Starbucks spending few hundred dollars into Crypto Defi platform for higher yields.
Create LP with ZAP feature Building LP is quick and easy using the Fastyield ZAP feature. All you need to do is select the single asset you want to use to build liquidity and select the LP token you wish to build. The smart contract will automate the LP building process, saving you time and gas fees. The contract automatically swaps your selected single asset to the required tokens and adds them to your selected liquidity pool. All in one transaction!
Here are the Fastyield vault fees: Fastyield charges a small withdrawal fee to help prevent front-runners and vault jumpers. All fees collected will be used for marketing and to fund further development of the protocol. Withdrawal Fee: 0.1% This fee is calculated on the total withdrawal amount. Performance Fees: 4% total performance fees on every harvest: Buy Backs: 2% of every harvest is used to market buy FAST, which is sent to the Burn address. Marketing/Dev fund: 1.8% of every harvest is sent to the marketing and dev fund. Caller: 0.2% of every harvest is sent to the contract caller to compensate the gas used for the transaction. ZAP fee: 0.05% fee for creating LP with ZAP feature.
Fast Tokenomics FAST maximum supply cap: 856,864 FAST total pre-mint: 100,000 Presale: 60,000 Initial Liquidity: 20,000 Marketing/Development: 20,000
How to deposit into FastYield Vaults Head to https://fastyield.app/vaults to get started After you've acquired the desired LP, you can now deposit into our Fastyield vaults. There are no deposit fees for any of our vaults. First, head to the page. Select the vault in which you wish to deposit LP. Enter the amount of LP tokens, or click max. Enter amount, or click max 2. Click deposit and confirm the transaction. Click deposit Confirm transaction 3. Once the transaction processes, you have now deposited in the vault and are earning FAST rewards. Easy!
How to harvest in Vaults Head to https://fastyield.app/vaults to get started Now that you have deposited onto one of our vaults, you will start earning FAST rewards. We'll show you how to collect your pending FAST tokens in this quick guide. There are no lock periods on any of our vaults. Harvest any time. First, head to the page. Select the vault in which you deposit LP. Click harvest. Click harvest 2. Confirm the transaction. Confirm the transaction 3. Done! Your FAST rewards will show in your wallet once the transaction completes.
Risk and Rewards: There is very little impermance loss with Bluechip token with respect long term play of holding ETH and BTC where I want to hold both tokens. There is always smart contract list associated with Yield aggregators on top of the LP token holding DEX. This is a long term play for me to increas my holdings of ETH and BTC. In term of fastyield on DefiSafety score there is no score. It is a very new platform to have a score. There is risk in terms of Smartcontract exploit risk.
Time Stamp: 00:00 Introduction FastYield 01:17 Buy BTC from Strike App without Fees 01:56 Create LP with ZAP feature 02:24 Fastyield vault fees 03:11 FastYield (Fast Token) Tokenomics 03:29 How to Deposit into FastYield Vaults 04:09 How to Harvest in FastYield Tokens on Vaults 04:50 Risk Rewards with FastYield
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