Community Update #11
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!🙏
💸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:
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.
Proceed to https://fry.world/singlevaults
Let the autocompounding work its magic
Withdraw with profits!
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!🍟🔥🍟
✅Chinese Community: https://t.me/FryWorldFinance_CN
✅Portuguese Community: https://t.me/MundoFry
✅Indonesian Community: https://t.me/friesindonesia