Hey Llamas! Romansky and Beanz from the Marketing Team here.
At LlamaSwap we are always spitting for another target!
Savings Vaults is a goal we have been aiming towards for a while now, it will reward users with stable coins.
Now let’s have an in depth look at the Savings Vaults!
Whether you’re a bull or a bear, our next product is made for everyone, offering a low risk investment system that rewards users.
So here is the deal:
VIP users will be able to receive interests via the stable vaults, earning stable rewards (by staking BUSD to receive BUSD). Each vault will vary in duration and APR, as shown in the following table:
Terms and conditions:
- In order to enter a Stable Vault, your dynamic VIP level must be equal or greater than the vault required VIP level
- There are no fees for staking/unstaking
- Staked funds are locked for 30 days. During this period, you cannot unstake
- After the initial 30-day lock, you can unstake at any time before the end of the chosen staking period (3, 6 or 12 months) without any penalty, but there won’t be any interest paid, getting only the initial investment back
- You can only unstake fully (no partial withdrawals)
- You can have multiple active plans at the same time, even of the same duration (eg. you can have two 3-month plans, each of which with its own amount and end date)
- Users with a higher VIP level can still choose a plan with a lower VIP level requirement; the APR you get is according to the chosen plan (eg. you are VIP 3, but you choose a 3-month Silver plan depositing 400 BUSD. The APR you’ll get is 10%)
- Interests are paid at the end of the chosen staking period. When the period ends, you get back your initial investment + accrued interests
- At the end of the staking period, you can withdraw your funds + interests even if your dynamic VIP level is lower than the vault required VIP level, but keep in mind that:
- If your dynamic VIP level is 0 (no VIP level status), you cannot withdraw your funds, until your dynamic VIP level reaches at least level 1
- The actual interests you’ll get paid are calculated based on the APR reserved to the lower level between your current dynamic VIP level and the vault required level
eg. You entered a 3-month Silver vault with 400 BUSD (required level: VIP2). At the end of the staking period, your dynamic VIP level is 1 and you unstake from the vault. The actual APR will be 8% instead of 10%
One more thing…
A special pool called “The Llama Raffle Pool” will be launched, filled with some of the minted daily LAMA + a portion of the LAMA bought with the buy-back program.
A raffle will be held once a month and the monthly jackpot will be around 15,000 LAMA (worth >1000$ at current price).
More details to come in the next days…
Stay tuned!
For further information or for any questions, ask in chat!
Telegram: https://t.me/llamaswap
Twitter: https://twitter.com/llama_swap
Instagram: https://instagram.com/llamaswap
LlamaSwap: https://llamaswap.finance
