Getting to know our UI and how to pick between vaults.
Vault Comparisons
You see some great yields on our dapp: there's Single-Token vaults, and ACLM vaults - but you're not too sure which to pick. What are the risks involved? What tokens do you receive as APY? etc.
A category of stablecoins from various protocols, ranging from large marketcap to algorithm pegged USD stable tokens. Stablecoin pools paired with USDC also fall under this category.
A category of ACLM vaults, consisting of large marketcap token pairs.
WMATIC
WETH
WBNB
WBTC
tBTC
BTCB
BTC.b
OP
ARB
IL is relatively lower than other pairs as prices for large marketcap tokens generally move in the same direction.
Take note that IL may negate any gains, or result in losses on the intial deposit. Refer to the History Graph in the Advanced section of each vault to evaluate their past performance.
IL is higher for these pairs as prices tend to fluctuate much for lower marketcap tokens.
*Take note that IL may negate any gains, or result in losses on the intial deposit. Refer to the History Graph in the Advanced section of each vault to evaluate their past performance.
A category of ACLM vaults, consisting of stablecoin tokens paired with mainly large marketcap tokens.
IL may be very high for these pairs as fluctuating token prices are amplified when paired with stablecoin tokens.
*Take note that IL may negate any gains, or result in losses on the intial deposit. Refer to the History Graph in the Advanced section of each vault to evaluate their past performance.
A category of stablecoins from different currencies, paired with the USD stablecoin.
IL is minimal, as pegged fiat currencies are much less volatile than other crypto tokens. Token unpeg risk has to be factored in as part of risk assessment as well.
DeFi risks are very high compared to traditional finance, ranging widely from market factors to contract exploits. Here are some risks for consideration along with possible mitigations. Factor in your own risk appetite when deciding on which vaults to deposit your tokens in.
Only put in funds you can afford to lose. Do not risk your life savings on DeFi.
Protocol smart contract risks
ACryptoS has focused on safety and careful risk assessment since deployment in 2020. Multiple audits and a bug bounty serve to enhance the security. Read our blog here to understand what sets us apart.
Vault underlying protocol risks
our Single-Token vaults are built on top of lending protocols. They run the risk where funds are siphoned out via exploiters. We filter out projects via internal due diligence procedures, and try our best to build on safe credible protocols. Unfortunately, a few of these protocols were exploited and funds unrecoverable (read: Atlantis, Channels, Sonne)
our ACLM vaults are built on top of V3 Conc Liquidity DEXs. We only build on stronger and battle-tested DEXs like Uniswap, Sushi, and Pancakeswap.
Stablecoin depeg risks
many USD stablecoins claim to be pegged to USD 1:1, but many smaller marketcap stablecoins are at a high risk of depegging
larger stablecoins like USDC, USDT, DAI, etc have encountered depegging as well
LST/LRT protocol risks
liquid staking tokens tend to be quite centralized, where user funds like ETH or BNB are held by their protocol, and staking is done on their back end.
Risks involve protocol exploits, intentional draining of funds, or "depegging" of liquid staked tokens . Lack of liquidity might affect the unstaking of liquid tokens back to the native token as well.
eg. rETH, wstETH, cbETH, stkBNB, ankrBNB, BNBx etc.
DYOR on how credible and transparent the staking protocols are, as well as how large the market of these tokens are
bridged token risks
understand the difference between native tokens and bridged tokens. Bridged tokens may involve native bridges and third-party bridges
eg. USDC.e is a bridged token while USDC is the native token that is issued directly by Circle
eg. multichain bridge was exploited on multiple chains in 2023. Funds that were lost due to that incident has not been recovered since.
