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!🙏
đź’¸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.
âś…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.
âś…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.
đź“šProcess
Proceed to https://fry.world/singlevaults
Deposit $CAKE
Let the autocompounding work its magic
Withdraw with profits!
đź›’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:
âś…Telegram: https://t.me/FryWorldFinance
âś…Discord: https://discord.gg/3YANtNr
âś…Twitter: https://twitter.com/fry_world
âś…Website: https://fry.world/
âś…Chinese Community: https://t.me/FryWorldFinance_CN
âś…Portuguese Community: https://t.me/MundoFry
âś…Indonesian Community: https://t.me/friesindonesia
