Tokenomics & Fees

$ACS Token

Liquidity

Dex Screener Watchlist

Bridge & Migration

  • Bridge ACS: https://app.acryptos.com/acs/bridge/ $ACS is native on BNB Chain. It can be used in a number of other chains through our bridge, developed via LayerZero.

  • Migrate ACS: https://app.acryptos.com/acs/migrate/ $ACS has been updated to a new token contract. This is due to a Multichain issue in 2023. Please migrate any of your original $ACS to the new contract. See below for full details.

Tokenomics

$ACS emissions was initially supply capped at 1,888,888 tokens. Tokenomics was upgraded in July 2023 to cut off all emissions.

Current total supply can be tracked on Coinmarketcap.

Fees collected from all ACryptoS vaults go to ACryptoS Treasury with periodical Buyback and Burning of the ACS token. Adding to the fact that there are no longer any ACS emissions, this results in a deflationary model for the $ACS token, benefiting ACS holders in the long term.

There is no $ACS vault staking. Users only need to hold the token in their wallet to receive the benefits from Buyback and Burn.

For users looking to pair $ACS into a liquidity pool for earning swap fees or token farming, existing pools can be found in the Liquidity section above.

*All parameters may be adjusted in future via governance.

Multichain.org Incident - July 2023

The Multichain.org bridge stopped working on 7 July 2023 following abnormal movements of locked assets. ~170K of bridged ACS was stuck and under the control of unknown entities. An announcement was made to ask users to remove ACS paired liquidity as a migration plan was being worked on. A governance vote was taken to approve the migration.

A new ACS token is deployed at 0x8888888888f004100C0353d657BE6300587A6CcD across several chains.

The new token was designed with certain features to mitigate bridging risks:

  • Bridging is achieved by passing cross chain messages. This is using Layer Zero initially, and can be upgraded to use any combination of protocols.

  • ACryptoS Dev team controls new token contracts including the ability to pause and blacklist in the event of bridge / messaging protocol exploit.

  • Bridged balances are reconciled on the canonical chain (BSC). Bridging can only be done to/from the canonical chain, and will fail if they cannot be reconciled (i.e. more balance bridged in than has been bridged out).

There is a migration feature which will allow users to migrate 1:1 the old/Multichain.org ACS tokens. Migration will be paused if the contract detects abnormal changes in the locked Multichain.org ACS tokens.

Withdraw from ACS vault with no penalty fees: https://app-legacy.acryptos.com/core/

$ACS and $ACSI Token Merger

There were discussions on simplifying ACryptoS tokenomics to a single token, and a governance vote was passed to merge $ACSI at a 4:1 ratio to the new $ACS token.

*$ACS and $ACSI Tokenomics was upgraded in 2023. Link to original tokenomics can be found here.

Fees

All Vaults

Withdrawal fee: 0.1%

  • Calculated from the total withdrawal amount.

  • Goes to ACryptoS Treasury with periodical Buyback and Burn.

Performance fee: 4.5% of gains harvested goes to ACryptoS Treasury with periodical Buyback and Burn.

Strategist fee: 4.5% of gains harvested goes go strategy creator.

Harvester subsidy fee: up to 0.3% of gains harvested paid to any wallet compounding the vaults。 See further details under Vault Advanced Functions.

The above performance / strategist / harvester fees are transparent to users and already accounted for in the displayed "Vault APY". We disclose them here for transparency.

StableSwap (Legacy)

Stableswap is currently a Public Goods protocol on BSC. All fees go to liquidity providers. Exchange fee: 0.01%

Acsi.Finance (Legacy)

Acsi.Finance is currently a Public Goods protocol on BSC. All fees go to liquidity providers. Exchange fee: Variable (displayed on UI)

PreviousVaults with FarmNextGovernance

Last updated