Hello! Vault(https://eos.defibox.io/vault )has been officially launched at 17:00 (SGT) on November 17, 2022. It supports the deposit of EOS token, and will support more tokens later, so stay tuned. The Vault protocol is the first single-token lossless yield protocol launched by Defibox. Users can earn corresponding token yield by depositing tokens.
Note: For the fairness, in addition to REX income, other income (i.e. 50% of Vault protocol management fee + 7.5% of Defibox protocol income + BP income from EOS token voting + Yield+ obtained by Vault protocol + 50% of rewards) ) will inject rewards into the corresponding account at 17:00 (SGT) on November 18, 2022 after 24H, and the EOS deposited within 24H can enjoy the high APY from initial mine.
*The minimum lockup amount to achieve yield+reward distribution is 200,000 EOS.
EOS staking rules:
- Minimum staking amount: 1 EOS
- Staking: Transfer EOS tokens to the Vault protocol to obtain sEOS certificates.
- Retrieval: When you retrieve EOS, the smart contract will perform reward settlement and lock the sEOS tokens in your account, waiting for the token refund after 5*24H, and 0.1% will be deducted as a management fee before refund.
- Staking yield: The smart contract will calculate and accumulate yield every 10 minutes.
*sEOS certificate: represents your share of deposits in the EOS pool. It is a standard EOS token and can be transferred freely. After the stable operation of the project, Defibox will support sEOS for minting, lending and exchanging in USN and Lend.
*Vault protocol revenue source: 50% of Vault protocol management fee + 7.5% of Defibox protocol revenue + EOS voting node revenue + Vault protocol Yield+ reward 50% + REX revenue.
*Vault management fee: 0.1% of the withdrawal amount is charged as management fee, of which 50% is allocated to the Vault protocol as a deposit reward, and 50% is allocated to the Defibox protocol income.
Thank you for your support and attention to Defibox!
Defibox Project Executive Team
November 17, 2022