VyFinance
LINKS
  • 🏠Welcome
  • πŸ“±Contact Us
  • ❓Getting Started
    • Connecting Your Wallet
      • Connecting Eternl Wallet
      • Connecting NAMI Wallet
      • Connecting GeroWallet
    • Getting Cardano Tokens
  • πŸ†˜Support
    • Common Errors
      • No Collateral
      • Wallet Fracked
      • An unexpected error has occurred
      • Error 400
      • Dapp account not connected
    • Common issues with staking
      • Tokens / NFT left wallet but cannot see tokens / NFT staked on platform
      • Cannot read properties of null
    • Common issues with harvesting
      • Cant see tokens / NFT that was staked
      • Dust transaction has left the wallet but nothing has happened
      • Wallet could not send the TX when trying to send dust
      • Cannot read properties of null
    • Support Links
  • πŸ‘¨β€πŸ’ΌTeam
  • IMPORTANT
    • πŸ—„οΈTokenomics
    • πŸ’±VyFi Token Swap Instructions
    • πŸ—ΊοΈRoad Map
    • πŸ“”Public Testnet
      • Guidelines for bug reports
      • Cardano Faucet
      • Set up your wallet on Pre-Prod Environment (ETERNL)
      • Set up your wallet on Pre-Prod Environment (NAMI)
  • PRODUCTS
    • ♻️BAR
      • Deposit VYFI to BAR
      • Withdraw VYFI from BAR
      • Serve the BAR
        • Embedded Liquidity Pools (ELPs)
        • Liquidity Pools Principal Token
        • The Serve Operation
        • An example of ELP’s in Action
    • πŸ’±DEx
      • How to Add Liquidity
      • How to Zap
      • How to Remove Liquidity
      • How to Farm
      • How to Trade
      • On Order / Cancel Order
      • Slippage
      • Layer 2 Liquidity Pools
      • Risks and Impermanence
      • Farming Set Adjustments
    • πŸ§‘β€πŸŒΎFarms
    • πŸ”Vaults
      • Token/LP Token Staking Vaults
        • Staking Tokens/LP Tokens
        • Harvesting from the Token Vault
      • NFT Vaults
        • Staking NFTs
        • Harvesting from the Vault
    • πŸ”Safe Swap
      • Private Swap
      • Public Swap
      • Claims
      • Fee Distribution
      • Bulk Import
    • 🎰Lottery
      • How to Buy Tickets
      • How to Claim Lottery Rewards
      • FAQ
    • πŸ—³οΈGovernance
      • Guide
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  1. PRODUCTS

Vaults

The intro page for Vaults - explaining their function and benefit

PreviousFarmsNextToken/LP Token Staking Vaults

Last updated 3 months ago

Vaults on the VyFinance platform allow users to earn a variety of tokens by staking CNT tokens or VYFI NFTs

Why have NFTs locked? This adds to the utility of the vaults. Locked staking implies that those tokens are temporarily out of circulation. This results in scarcity on the markets, affecting the price and inherent-utility of the token. How are tokens made are available? All tokens are either provided by the company they are for, or bought on the open market by the staff. What is an IFO? IFO means Initial Farm Offering. It is a method of disbursing tokens into circulation via Farm/Staking rewards. The "I" in IFO implies that this is the first distribution, the very first time the tokens are entering circulation. That being said, IFOs can occur alongside an IDO (Initial DEx Offering, listing the token on a DEx), an ICO (Initial Coin Offering, Selling the token direct from the company), and other offerings, such as an ISPO (Initial Staking Pool Offering, tokens are rewards from staking to the related pool).

πŸ”
https://app.vyfi.io/vaults