Flair DEX veFLDX
How It Works
Flair DEX $FLDX
They have a 2.5X Boost function for their LP farms. If a user stakes $FLDX as a veNFT, locking it for a period of time, they will receive Boosts on the LP farms they stake in.
The larger the veNFT they have, the more they will be able to Boost the LP farms.
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1️⃣ autoCompunding vaults for Liquidity Pool farms
These vaults collect $FLDX emissions from the farm, and autoCompound them back into the LP, increasing the number of tokens in the LP
The veNFT in the Liquid veFLDX Vault (explained below) will Boost the APY for these vaults, up to 2.5X
Examples:
User A forms a AVAX-USDC LP, and farms it for 50% APR, manually harvesting the $FLDX rewards every few days. User A has no Boosted rewards because he doesn't lock $FLDX for any veFLDX
User B forms a AVAX-USDC LP, and stakes in our AVAX-USDC Vault. The $FLDX rewards are autoCompounded few times a day, swapping $FLDX to AVAX and USDC, forming more AVAX-USDC LP, and adding on to the original stake. User B gets 125% APR (2.5X Boosted rewards) even if he doesn't lock $FLDX for veFLDX.
TL/DR 👉Users can autoCompound their LP with Boosted rewards, without needing to lock $FLDX to veFLDX themselves.
2️⃣ Liquid veFLDX Vault (acsFLDX)
Users stake their $FLDX in the vault, getting a acsFLDX receipt token, and get benefits as if they locked veFLDX themselves (trading fees/bribes/rebases etc.). Our strategy then locks the $FLDX for max period, getting max veFLDX voting power.
50% of Boosted rewards from ALL our LP Vaults, are rewarded to acsFLDX (veFLDX Vault) holders
This veFLDX Vault allows users to withdraw $FLDX at any time, where otherwise their veFLDX would be locked for 4 years
*Note: Withdrawals are subject to available $FLDX in the Vault Reserves. Reserves are constanly topped up from above-mentioned sources (bribes/Boost Rewards etc.). Vault Strategy is based on our Liquidizer Vault (one of our other unique strategies, more info here)
TL/DR 👉 Users stake their $FLDX, gets full locking benefits without locking, gets rewards APY from all our LP Vaults on Flair DEX
The more $FLDX staked in the veFLDX Vault, the higher the Boosted APY for the LP vaults↩️
The more the LP vaults gain TVL, the more rewards go to the veFLDX Vault↩️
3️⃣ acsFLDX-FLDX LP vault
Users can pair their acsFLDX token (Liquid veFLDX Vault receipt) with $FLDX, forming an LP
The voting power from the single-token veFLDX Vault will be directed to the acsFLDX-FLDX LP farm *voting strategy might be adjusted after initial launch period, based on TVL and APY
Based on the weekly voting %, the farm receives $FLDX emissions.
Users can form the LP and stake in our acsFLDX-FLDX Vault, autoCompounding more of acsFLDX-FLDX
This acsFLDX-FLDX LP provides another method for users to exit their acsFLDX position back to $FLDX
TL/DR 👉 Users get max APY by staking in Liquid veFLDX Vault, then using the receipt acsFLDX token to stake further in acsFLDX-FLDX Vault
Steps:
Investing in FLDX-acsFLDX Vault
Buy $FLDX on https://app.flairdex.xyz/swap
Stake $FLDX in our veFLDX Vault, and get acsFLDX receipt token
Form FLDX-acsFLDX LP at https://app.flairdex.xyz/liquidity
Stake in our FLDX-acsFLDX Vault
Additional Notes:
The above vaults can be used independent of each other.
Withdrawal fees: 0.1%
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