Vault, a decentralized staking protocol
Key points
1. Public use: provide a variety of staking strategies to EOS users and project teams for more yields
2. Open source: smart contract library resource helping other EOS project team to build single-token staking reward system
3. Ecosystem Boost: attract inactive EOS tokens which will prosper ecosystem
Vault Protocol Introduction
The Vault protocol is the first single-token lossless yield protocol launched by Defibox. (https://eos.defibox.io/vault) Users can earn corresponding token income by depositing tokens. The assets can be flexibly deposited and withdrawn with open and transparent on chain data. Valut income mainly comes from Defibox protocol income, Yield+ rewards, BP income, REX income, etc. At the same time, in order to improve the utility, the protocol will issue a standard EOS token called sToken, which represents a deposit certificate. sToken can be used in multiple DeFi protocols to obtain more benefits.
Public goods that Vault brings
1. Public use
Vault is a decentralized single-token staking for public use. Any user or project team is able to use Vault. For EOS users, it is a very good yield tool to stake your EOS and get some good earning; For project team, it is possible to add your project token as a staking token in the future that will benefit your project and community.
2. Open source
Defibox is planning to open source Vault Protocol in the future. This gives a good example of how a single-token staking system should be for other project teams on EOS who plans to do an universal staking system. Vault is a pioneer of decentralized a staking system which can be contributed to EOS smart contract library for the public reference in the later stage.
3. Ecosystem Boost
Most EOS tokens are not active on chain and this causes a big problem for EOS ecosystem. The ENF Yield+ Program is pointing the right direction — to increase on chain activities, to activate those dead EOS tokens. Vault protocol is moving towards the direction that Yield+ is pointing to. It is a powerful protocol that will attract inactive EOS tokens from CEX which will prosper ecosystem. It is not only taking the lead, but also an inspiration for other project teams when they build their own protocols: how to build a good protocol that has a good economic model which can fit EOS environment, activate on chain activities, win rewards from EOS, and give back to the community.
⏰Launch Time: 5:00 PM on November 17 (SGT)
https://eos.defibox.io/vault
📒The Vault protocol is the first single-token lossless yield protocol launched by Defibox. Users can earn corresponding token income by depositing tokens.
💡Three highlights of Vault:
1. Multiple benefits: The revenue includes Defibox protocol revenue, BP reward, Yield+ rewards and REX, etc.
2. Security: The contract audit is completed by Certik
3. Flexible staking: flexible redeem, T+5 Days
⚙️Vault staking rules:
Minimum lockup amount: 1EOS
Locking: 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. Wait for 5*24H for the tokens to arrive in your account with 0.1% management fees.
Note: For the fairness, in addition to REX income, other income (i.e. 50% of Valut 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.
https://twitter.com/DefiboxOfficial/status/1593167358914621440