How to Use Acryptos for Single Sided Staking of DOT at 35% DOT , Cake 17%, AAVE 9%, TRX 22% APY
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I will show you how to use Acryptos yield optimizer single sided staking of DOT at 35% DOT , Cake 17.5%, AAVE 9%, TRX at 22% APY. ACryptoS is a yield farming optimizer designed for the longer-term investor who values sustainable tokenomics, safety and careful risk management. ACryptoS provides exceptional tokenomics to reward vault holders of their native tokens; ACS: native token for yield farming optimizer ACryptos vaults token, and ACSI: native token of StableSwap and all future non-vault products tokens. Acryptos support BNB, Astar, Cronos, Harmony, Fantom, Avalaunche, Moonriver, Moonbeam, and Gnosis chains.
Yield farming DOT USDC on Arthswap on Astar Chain I had $500 each DOT and USDC on Astra chain. I deposited $500 worth of DOT and $500 USDC. If you do not know how to send funds to Astra chain via a bridge, I would recommend you check out my celer Bridge where you can send Fantom, Polygon, BNB, Optimism, Arbitrum, Avalaunch, Heco, Celo, OKXChain, Moonriver, flow, Metis and many other chains into Astra chain. Fee are like $0.30 per bridging action. I bought $500 worth of DOT using arthswap.org using USDC I bridge using Celer bridge. I kept $500 worth of USDC. I use ARSW rewards to buy DOT tokens. In Acryptos, you can invest in renBTC-BTC at 10.5% APY, MATIC-aMATICb at 15.7% or any other stable coins pairs. I noticed ETH-aETHb at 119%, however aETHb is not 1:1 pegged. This make it a risky investment.
Acryptos Farms As of shooting this video, Acryptos V2 only support BNB chain Farms. I find renBTC-BTC pool with 10.5% APY is very good for those of you want to hold BTC for the old term. This is way better than Curve renBTC pools that normally APY at 1% or less. When picked renBTC-BTC pool, you are directed to acsi.finance trading platform to swap between renBTC and BTC on BNB chain.
Depositing DOT in Astra Chain in ACryptos V2 vaults As of shooting this video, I had 7.9 DOT in my Metamask wallet in Astar chair. These are the ARSW tokens I received for yield farming in ArthSwap for the above mentioned DOT-USDC Liquidity Pool. As of shooting this video, I am getting 35% APR for providing this liquidity. It is in general not advisable to keep Protocol generated tokens especially for a little known Protocol reward tokens because it is constantly inflated as users are paid in this reward token. I was getting daily $1 worth of ARSW tokens at $0.004 current price. I swap them using ArthSwaps own swap function directly into DOT tokens. That is how I end up accumulating 7.9 DOT tokens as of shooting this video.
Acryptos Fees Withdrawal fee: 0.1% (applicable to any withdrawal from Vaults) Performance fee: Venus and Channels Vaults: 14.5% of gains harvested All other Vaults: 24.5% of gains harvested Strategist fee: 0.5% of gains harvested Harvester subsidy: up to 0.3% of gains harvested Swap fee Exchange fee: 0.01% (ACS4USD base-pool) / 0.06% (meta-pools) / 0.04% ACS3BTC
Risks vs Rewards DeFi is relatively new and black swan events could occur that no-one has predicted. Only invest what you can afford to lose and always do your own research (DYOR) before committing funds to any project. There is always smart contract risk that developers (or thieves who steal the development keys) could make changes in the code that would allow them to drain funds. Owner of MasterChef contract is disabled from moving all funds to another wallet thus steal user funds. There is also a 48-hour timelock period when code changes are published and when deployed. As ACryptoS interacts with other projects, there is smart contract risk both in the ACryptoS contracts and in all the contracts which ACryptoS interacts with. The risk of liquidation is a feature of trading with leverage. There is risk of StableSwap assets losing their pegs. Risk of impermanent loss (IL) is present whenever you provide liquidity to a liquidity pool. To avoid high IL chose high correlation (e.g., stable coin pairs) and avoid volatile pairs. Smart contracts are forked from yearn.finance (Vault, Controller, Strategy), SushiSwap (MasterChef), Uniswap (Uni), Curve (StableSwap). As mention in the Fee section, there is 0.1% withdrawal fee on top of 14.5% harvest fee for vaults. I am planning on holding DOT until the next bull cycle in hopefully 2024. Until then all I want is my DOT holding to grow over time. So current APY of 25% is great for me to grow my DOT holding while I HODL for the long term.
If you enjoy this Acrypots on BNB, Astar, Cronos, Harmony, Fantom, Avalaunche, Moonriver, Moonbeam, and Gnosis blockchain video, please subscribe and hit the like button show some love. Happy crypto.
Time Stamp: 00:00 Introduction Acrypots 01:22 Acrypots Yield farming 03:33 Acrypots Single Sided Staking 04:24 Acrypots Acryptos Fees 04:56 Acrypots Risks vs Rewards
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Relevant hashtags: #Acryptos #cryptocurrency #blockchain #crytotrading #Bitcoin #defi #NFT #cryptowallet ... https://www.youtube.com/watch?v=x9qfiw7HhEU
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