💥New addition to the Fry World — Single Coin Vaults!

Community Update #11

🍟Dear Fryoneers,

On Friday we announced fryVaults v2 and things are looking pretty pretty pretty good- TVL is going up and the new fee structure was supported by the community. Guys & gals you are the best!🙏

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At the time of writing almost almost all funds were moved from v1 to v2

💸Single Coin Vaults- new feature on the Fry.Wolrd

Let’s fry on into the details and start with an explanation between fryVaults and terminology in general.

✅Vaults- very often vaults provide an opportunity to utilize the high yield on farms by depositing another asset to earn, sell and compound profits of the native reward token.

✅Single Coin Vaults- have a distinct feature that they earn more of the single underlying asset.
Example: $CAKE will make a user more $CAKE. It is achieved by the following mechanics:

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This is the “magic” of auto compounding.

Both types of Fry World’s Vaults are great tools to put your hard earned assets to work. A user will select the Vault that fits their personal goals and earning strategy.

📚Process

Proceed to https://fry.world/singlevaults
Deposit $CAKE
Let the autocompounding work its magic
Withdraw with profits!

🛒Fees

95% compounding
5% total fee (3% performance fee + 2% maintenance/gas fee)
No withdrawal fee

🍟🍟🍟
$FRIES Rewards- to thank loyal users and bring newcomers to the platform, we have decided to provide $FRIES rewards as well to Single Coin Vaults. This will last as long as farming lasts for $FRIES, until October 2021. The multiplier is subject to TVL and will go up as volume increases. To start, the fryCake vault will be receiving a 3X multiplier! This means you will earn a high APY Cake, and earn Fry rewards on top of that by staking on the Fryer!

Happy frying! Love&Fries from the team!🍟🔥🍟

Official channels:

✅Telegram: https://t.me/FryWorldFinance
✅Discord: https://discord.gg/3YANtNr
✅Twitter: https://twitter.com/fry_world
✅Website: https://fry.world/
✅Chinese Community: https://t.me/FryWorldFinance_CN
✅Portuguese Community: https://t.me/MundoFry
✅Indonesian Community: https://t.me/friesindonesia

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