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        <title><![CDATA[ACryptoS - Medium]]></title>
        <description><![CDATA[1️⃣ Automated Conc. Liquidity Management (ACLM) 2️⃣ No IL Single-Token vaults. Using effective code + advanced strategies, we achieve efficient liquidity for DeFi protocols, and bring sustainable APY to users. - Medium]]></description>
        <link>https://medium.com/acryptos?source=rss----7236e8ae5840---4</link>
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            <title>ACryptoS - Medium</title>
            <link>https://medium.com/acryptos?source=rss----7236e8ae5840---4</link>
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        <item>
            <title><![CDATA[ACryptoS and StraitsX: A Powerful Partnership for XSGD Liquidity]]></title>
            <link>https://medium.com/acryptos/acryptos-and-straitsx-a-powerful-partnership-for-xsgd-liquidity-4e64ebbaf4c5?source=rss----7236e8ae5840---4</link>
            <guid isPermaLink="false">https://medium.com/p/4e64ebbaf4c5</guid>
            <category><![CDATA[singapore]]></category>
            <category><![CDATA[stablecoin-cryptocurrency]]></category>
            <category><![CDATA[uniswap]]></category>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[yield-optimization]]></category>
            <dc:creator><![CDATA[BKT]]></dc:creator>
            <pubDate>Mon, 09 Dec 2024 06:13:42 GMT</pubDate>
            <atom:updated>2024-12-09T06:06:22.028Z</atom:updated>
            <content:encoded><![CDATA[<h3>The Evolving Landscape of Cryptocurrencies</h3><p>The cryptocurrency market has evolved remarkably in recent years, with investors adopting a more nuanced approach to their portfolios (instead of just degens and memes😏). While traditional blue-chip tokens like BTC and ETH continue to hold a significant position, there’s a growing trend towards <strong>diversifying investments into stablecoins</strong>.</p><p>Gone are the days when USD-pegged stablecoins were the sole option. As the market matures, investors are recognizing the importance of diversifying their stablecoin holdings to mitigate risks and capitalize on emerging opportunities. The Singapore Dollar (SGD), for instance, has emerged as a compelling alternative.</p><p>With its <strong>strong economy and stable political environment</strong>, SGD has been resilient in the face of global economic challenges. Its growing popularity among investors reflects a growing confidence in the Singaporean economy and the stability of its currency.</p><h3>StraitsX: The Rise of XSGD</h3><p>As stablecoins have emerged as a crucial asset class, the Singapore Dollar stablecoin, XSGD, <a href="https://www.straitsx.com/blog-post/introducing-xsgd-the-singapore-dollar-backed-and-travel-rule1-compliant-stablecoin">issued by StraitsX</a>, has gained significant traction.</p><blockquote><strong>StraitsX</strong>, a digital assets payments platform developed in Singapore, allows users to transfer, mint, and redeem <strong>XSGD, a fully collateralized Singapore dollar stablecoin</strong>.</blockquote><p>Backed by the Monetary Authority of Singapore (MAS), StraitsX ensures that every XSGD token is fully collateralized by SGD cash deposits in DBS Bank, one of Singapore’s largest banks. This robust backing makes XSGD a reliable and trustworthy stablecoin.</p><p><strong>Why Hold XSGD?</strong></p><ul><li><strong>Diversification:</strong> Holding XSGD can diversify your cryptocurrency portfolio beyond USD-pegged stablecoins. The Singaporean economy’s strength and the MAS’s strict regulations make SGD a stable and attractive currency. Users can also stake XSGD in various DeFi protocols to <strong>earn rewards</strong> in the form of other cryptocurrencies or stablecoins.</li><li><strong>Stability:</strong> XSGD’s direct link to the SGD provides a stable store of value, mitigating the volatility often associated with other cryptocurrencies. Corporations, institutions and DAOs are starting to hold XSGD as part of their <strong>treasury reserves</strong>, offering a stable and liquid alternative to traditional fiat currencies.</li><li><strong>Accessibility:</strong> XSGD is readily available on various crypto exchanges, making it convenient to buy, sell, and trade. XSGD can also be used for peer-to-peer payments and transactions, offering a convenient and efficient <strong>alternative to traditional banking</strong> methods.</li></ul><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*2VE5QOtztiu-9e2dBPgdQA.png" /><figcaption>XSGD-USDC vaults on ACryptoS</figcaption></figure><h3>Enhancing XSGD Liquidity</h3><p><strong>ACryptoS: A Pioneer in Automated Liquidity Management</strong></p><p>ACryptoS has been at the forefront of automated liquidity management for over four years. In 2023, the team achieved a significant milestone with the development of the <a href="https://docs.acryptos.com/products/v3-aclm-vaults">Automated Concentrated Liquidity Manager</a> (ACLM) Vaults.</p><p>These innovative vaults revolutionize liquidity provision on Uniswap V3, by deploying advanced algorithms to optimize liquidity allocation and maximize returns.</p><p><strong>The Power of ACLM Vaults</strong></p><p>ACLM Vaults offer a distinct advantage over traditional liquidity provision methods. By dynamically adjusting <strong>position sizes</strong> and <strong>concentration ranges</strong> based on real-time market conditions, these vaults ensure that liquidity is always deployed in the most efficient manner. This not only <strong>improves swap rates</strong> for XSGD users but also enables liquidity providers to capture <strong>more swap fees</strong>.</p><blockquote>For a better understanding of our ACLM vaults, check out our blog post <a href="https://medium.com/acryptos/sustainable-apys-via-uniswap-v3-3d06875703c7">here</a>.</blockquote><p><strong>Key Benefits of ACLM Vaults:</strong></p><ul><li><strong>Optimized Liquidity Allocation:</strong> ACLM Vaults ensure that liquidity is concentrated in areas of high trading activity, resulting in better swap rates for users.</li><li><strong>Increased Swap Volume:</strong> By providing more efficient liquidity, ACLM Vaults attract higher swap volumes, leading to increased revenue for liquidity providers.</li><li><strong>Reduced Manual Effort:</strong> The automated nature of ACLM Vaults eliminates the need for constant manual adjustments, saving users time and effort.</li></ul><p>ACryptoS has formed a strategic partnership with StraitsX to enhance the liquidity of the XSGD stablecoin. By leveraging its expertise in automated liquidity management via the innovative ACLM Vaults, we ensure that XSGD liquidity is <strong>optimized in the most efficient manner</strong>.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/678/1*j9Vcn4VCdFrJxs0emcpG9g.png" /><figcaption>UniswapV3 pools — automated on ACryptoS dapp.</figcaption></figure><h4><strong>4x Choices of XSGD-USDC Vaults</strong></h4><p>To provide a variety of selections for XSGD holders, ACryptoS has launched vaults with different strategies for 4 distinct liquidity pools on Uniswap V3 (three on Polygon, one on Arbitrum).</p><p>These vaults cover different chains and swap fee rates, enhancing the liquidity of these pools, and aiming to capture higher swap fees for each pool. This results in higher yields for XSGD liquidity providers. XSGD holders may decide on the vaults to deposit in, by comparing the <strong>APY</strong> and <strong>past performance</strong> of each of these vaults.</p><p><em>Note: Depositing in any of these vaults, will involve exposure to the USDC token as well. Read more about our ACLM strategies </em><a href="https://docs.acryptos.com/products/v3-aclm-vaults/strategies"><em>here</em></a><em> to understand how the yields are derived for depositors of these vaults.</em></p><ul><li>(Polygon) XSGD / USDC 0.05%</li><li>(Polygon) XSGD / USDC 0.3%</li><li>(Polygon) XSGD / USDC.e 0.05%</li><li>(Arbitrum) XSGD / USDC 0.05%</li></ul><blockquote>The % label for each of these vaults, correspond to the underlying swap fees of the pools on Uniswap V3.</blockquote><p>The XSGD vaults can be accessed directly <a href="https://app.acryptos.com/vaults/?f=xsgd">here</a> on our dapp.<br>Also, read our <a href="https://docs.acryptos.com/quick-start-guide">Quick-Start Guide</a> on how to start using our vaults.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*DkjPDfVefbcNomAEBHnwaA.png" /><figcaption>Yields history graph of XSGD-USDC vault</figcaption></figure><h4><strong>Key Advantages of the ACryptoS-StraitsX Partnership:</strong></h4><ul><li><strong>Increased Liquidity:</strong> ACryptoS’s efficient liquidity management strategies increase the depth and breadth of XSGD’s liquidity pools, making it easier for traders to buy and sell the stablecoin.</li><li><strong>Enhanced Price Stability:</strong> By maintaining optimal liquidity, ACryptoS helps to stabilize XSGD’s price, reducing the impact of market fluctuations.</li><li><strong>Security and Transparency:</strong> ACryptoS’s proven security record and transparent operations instill confidence in users, ensuring that their funds are safe and secure.</li></ul><h3>Conclusion</h3><p>The collaboration between ACryptoS and StraitsX marks a significant milestone in the development of the XSGD ecosystem. By leveraging ACryptoS’s expertise in <strong>liquidity management</strong> and StraitsX’s strong <strong>institutional backing</strong>, XSGD is poised to become a leading stablecoin in the region.</p><p>As the demand for stablecoins continues to grow, this partnership offers a compelling solution for investors seeking <strong>stability, diversification, and sustainable yields.</strong></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=4e64ebbaf4c5" width="1" height="1" alt=""><hr><p><a href="https://medium.com/acryptos/acryptos-and-straitsx-a-powerful-partnership-for-xsgd-liquidity-4e64ebbaf4c5">ACryptoS and StraitsX: A Powerful Partnership for XSGD Liquidity</a> was originally published in <a href="https://medium.com/acryptos">ACryptoS</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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            <title><![CDATA[ACryptoS Integrates Chainlink Automation and Price Feeds to Help Power Concentrated Liquidity…]]></title>
            <link>https://medium.com/acryptos/acryptos-integrates-chainlink-automation-and-price-feeds-to-help-power-concentrated-liquidity-12ac5034ff61?source=rss----7236e8ae5840---4</link>
            <guid isPermaLink="false">https://medium.com/p/12ac5034ff61</guid>
            <category><![CDATA[cryptocurrency]]></category>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[liquidity-management]]></category>
            <category><![CDATA[concentrated-liquidity]]></category>
            <category><![CDATA[dex]]></category>
            <dc:creator><![CDATA[BKT]]></dc:creator>
            <pubDate>Fri, 20 Oct 2023 13:29:11 GMT</pubDate>
            <atom:updated>2023-10-20T13:29:11.460Z</atom:updated>
            <content:encoded><![CDATA[<h3>ACryptoS Integrates Chainlink Automation and Price Feeds to Help Power Concentrated Liquidity Management</h3><p>We’re excited to announce that ACryptoS — with our latest <a href="https://medium.com/acryptos/sustainable-apys-via-uniswap-v3-3d06875703c7">Automated Concentrated Liquidity Manager</a> (ACLM) vaults — have integrated <a href="https://chain.link/solutions/keepers">Chainlink Automation</a> and <a href="https://data.chain.link/">Chainlink Price Feeds</a> on Arbitrum, BNB Chain, Optimism, and Polygon. We are leveraging Chainlink Automation and Price Feeds to securely and cost-efficiently automate our Uniswap V3 strategies, helping to rebalance the ranges and positions of our vaults behind the scenes. As of now, we’re actively managing more than $2M in TVL via our ACLM vaults.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*gWlQAcuG1WCy6MlijYk99Q.jpeg" /><figcaption>ACryptoS | Chainlink</figcaption></figure><p>We decided to decentralize ACryptoS’ ACLM rebalancing function using Chainlink Automation and Price Feeds because they are operated by the same pool of time-tested, provably reliable node operators that currently help secure tens of billions of dollars in <a href="https://chain.link/education/defi">DeFi</a>, even during record levels of network congestion and extreme volatility. The proven infrastructure of Chainlink helps ensure that every ACLM vault rebalancing is executed on-time in a trust-minimized manner, giving users additional guarantees that it will function exactly as intended.</p><p><a href="https://app.acryptos.com/aclm/">ACryptoS’ ACLM</a> aims to achieve the highest, most sustainable yields possible when managing liquidity and risks. Our innovative platform features:</p><ul><li>Aggressive strategies and tight ranges: Achieving a much higher APY than other liquidity managers.</li><li>The ability to zap in with just one token: This makes it easy for users to get started with ACLM without having to calculate ratios and provide two different tokens.</li><li>Fully automated vaults: Once you have deposited, there is no further action required.</li></ul><p>By using Chainlink Automation, ACryptoS’ ACLM is able to automate the whole process of rebalancing the Liquidity Manager vaults. No manual rebalancing is required from users.</p><p>Chainlink Automation is a decentralized service purpose-built to manage tasks on behalf of <a href="https://chain.link/education/smart-contracts">smart contracts</a>. Chainlink Automation serves as a decentralized, hyper-reliable, and economically incentivized automation bot that wakes up smart contracts when they need to perform critical onchain functions, which usually take place at regular time intervals (e.g., every day at the same time) or based on external events (e.g., when an asset hits a specific price).</p><p>Some of the notable features of Chainlink Automation include:</p><ul><li><strong>Highly reliable, performant, and decentralized automation </strong>— Chainlink Automation ensures transactions are identified and confirmed quickly even during periods of heavy network congestion by leveraging Chainlink’s battle-tested transaction manager.</li><li><strong>Time-tested infrastructure that helps save costs </strong>— Chainlink Automation enables us to eliminate in-house automation infrastructure costs, reduce resources spent on DevOps, and increase speed and efficiency.</li><li><strong>Built to enable faster scaling </strong>— Chainlink Automation enables us to scale faster and avoid the challenges that come with building and maintaining the infrastructure needed to reliably automate across multiple chains.</li><li><strong>Unlocks new use cases </strong>— With smart contract automation, we’re able to explore new use cases and unlock capabilities that would otherwise not have been possible.</li></ul><p>High-quality, tamper-proof market data from Chainlink Price Feeds helps ensure that our ACLM vaults are able to adjust liquidity positions and ranges based on price fluctuations. This helps provide our users with stronger assurances that the ACLM vaults are constantly ensuring the best yields are achieved.</p><blockquote>“We’re excited to integrate the industry-standard Chainlink Automation and Price Feeds to help power our ACLM strategies. Security is paramount for ACryptoS, which is why leveraging Chainlink’s highly secure, reliable, and decentralized Web3 services is a must for our protocol.”</blockquote><blockquote>— BKT, BizDev at ACryptoS</blockquote><p>Stronger together. More to come.</p><p><strong>About Chainlink</strong></p><p>Chainlink is the industry-standard Web3 services platform. It has enabled trillions of dollars in transaction volume across DeFi, on-chain finance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink empowers developers to build feature-rich Web3 applications with seamless access to real-world data, off-chain computation, and cross-chain interoperability across any blockchain, providing global enterprises with a universal gateway to all blockchains.</p><p>Learn more about Chainlink by visiting <a href="https://chain.link/">chain.link</a> or reading the developer documentation at <a href="http://docs.chain.link/">docs.chain.link</a>. To discuss an integration, <a href="https://chainlinkcommunity.typeform.com/to/OYQO67EF?page=announcement">reach out to an expert</a>.</p><p><strong>About ACryptoS</strong></p><p>1️⃣ Automated Conc. Liquidity Management (ACLM)<br>2️⃣ No IL Single-Token vaults.</p><p>Using effective code + advanced strategies, we achieve efficient liquidity for DeFi protocols, and bring sustainable APY to users.</p><p>Learn more about ACryptoS by visiting <a href="http://www.acryptos.com">www.acryptos.com</a> or reading our documentation at <a href="http://docs.acryptos.com">docs.acryptos.com</a></p><p>Main community chat at <a href="http://t.me/acryptos">t.me/acryptos</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=12ac5034ff61" width="1" height="1" alt=""><hr><p><a href="https://medium.com/acryptos/acryptos-integrates-chainlink-automation-and-price-feeds-to-help-power-concentrated-liquidity-12ac5034ff61">ACryptoS Integrates Chainlink Automation and Price Feeds to Help Power Concentrated Liquidity…</a> was originally published in <a href="https://medium.com/acryptos">ACryptoS</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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        <item>
            <title><![CDATA[Sustainable APYs via Uniswap V3]]></title>
            <link>https://medium.com/acryptos/sustainable-apys-via-uniswap-v3-3d06875703c7?source=rss----7236e8ae5840---4</link>
            <guid isPermaLink="false">https://medium.com/p/3d06875703c7</guid>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[yield-farming]]></category>
            <category><![CDATA[concentrated-liquidity]]></category>
            <category><![CDATA[uniswap-v3]]></category>
            <category><![CDATA[liquidity-management]]></category>
            <dc:creator><![CDATA[BKT]]></dc:creator>
            <pubDate>Wed, 20 Sep 2023 14:23:17 GMT</pubDate>
            <atom:updated>2023-09-20T14:23:17.540Z</atom:updated>
            <content:encoded><![CDATA[<p>If you’ve tried using Uniswap V3 (or any of its other forks), you’ll probably know how much of your mental time and effort it takes, to actively monitor your positions + adjust your ranges so you can consistently get good APY.</p><p>Or maybe Uniswap V3 with its multiple fee choices for pools of the same tokens, the price range selections etc. is just a tad too complicated to grasp.</p><p>Or maybe.. whatever was written above doesn’t even ring a bell.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*uVA2IOMmUr3d3TnCwR7FZw.jpeg" /><figcaption>Our first ACLM vaults launched in Apr ‘23</figcaption></figure><p><strong>Here you go. A 4-pointer dummies guide to Uniswap V3</strong></p><p>Let’s say that you are a liquidity provider and you want to provide liquidity for the ETH/USDC pair. You could simply deposit your ETH and USDC into a standard liquidity pool. However, with Uniswap V3, you can choose to concentrate your liquidity within a predefined price range.</p><ol><li><em>You have to set the price range of the pool you want to provide liquidity for, eg. setting $1500-$1700 when ETH-USDC price is at $1600</em></li><li><em>Whenever the price of ETH trades between the set range, you’ll earn swap fees</em></li><li><em>However, if the price moves out of range, you’ll earn 0 fees.<br>- so assuming that you’re not monitoring for a few days, and it moves out of range, you’re basically not earning anything in that period</em></li><li><em>What’s worse, the Impermanent Loss will be larger the further your liquidity provided goes out of range</em></li></ol><p>With so much to worry and monitor, why provide liquidity to Uniswap V3 then, you ask?</p><p>Well, you can gain a much more higher APY if you set your ranges really tight, just around where the price is currently trading at, ie concentrating liquidity. Though of course, that also increases the risks mentioned above, with a higher chance of going out of range, higher IL etc.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*Xtci1bGifH9bQ2WqKLCX3g.jpeg" /><figcaption>Uniswap V3 on Arbitrum</figcaption></figure><h4>Concentrated Liquidity Management.. Automated.</h4><p>That’s what our latest product is trying to solve. ACLM.</p><blockquote>Automated Concentrated Liquidity Management<br>Aggressive Concentrated Liquidity Manager<br>ACryptoS Concentrated Liquidity Manager<br>Aggressive Chad Liquidity Manager (<a href="https://discord.com/channels/893790916945530932/893790917478203407/1152428464155152485">someone else</a> said that, not us😉)</blockquote><p>A new liquidity management system, uniquely developed at ACryptoS, built on top of Uniswap V3 (&amp; some other forks eg. Pancakeswap V3, Biswap V3).</p><p><strong>Benefits:</strong></p><ol><li>fully automated. Once you’ve deposited, no further actions needed.</li><li>zap in via any one token in the liquidity pool</li><li>APY is sustainable (from swap fees)</li></ol><h4>ACryptoS — BUIDLing Advanced Strategies <a href="https://medium.com/acryptos/what-sets-acryptos-apart-d6345e2f5d7f">since 2020</a></h4><p>There are of course, some other Liquidity Managers out there. Statistics and historical performance show that our ACLM has been performing quite well in comparison.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*OyHVwwOCJ81X9hhPslctbw.png" /><figcaption>5 chains so far. ~$1.5M actively managed.</figcaption></figure><p>ACryptoS’ ACLM uses a variety of innovative strategies to manage liquidity and risks, targeting to achieve the highest, yet sustainable yields possible.</p><ul><li><a href="https://docs.chain.link/chainlink-automation/introduction">Chainlink Automation</a>: to automate the whole process of rebalancing the Liquidity Manager vaults. No manual rebalancing required from users.</li><li>Aggressive strategies and tight ranges: achieving a much higher APY than other liquidity managers.</li><li>Zap in with just one token: This makes it easy for users to get started with ACLM without having to calculate ratios and providing two different tokens.</li><li>Fully automated vaults: The vaults are all fully automated. Once you have deposited, there is no further action required.</li></ul><p>Do take note though that we are still experimenting heavily, testing out different strategies and parameters, and developing new strategies and features as well. (Hence the “TEST” label on our ACLM vaults. <a href="https://docs.acryptos.com/products/uniswap-v3-vaults">DYOR</a>)</p><p>The below graph being one of the features we developed, to help Uniswap V3 users easily visualize where the liquidity is currently spread out at.<br>- grey bars show where all the liquidity is at<br>- red line shows the current trading price<br>- blue bar shows the active liquidity our ACLM is currently hosting</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/966/0*_-S7k86AQ3X3kooI" /><figcaption>We’re hosting ~92% of active liquidity for a stablecoin pair on Optimism.</figcaption></figure><p>Check out the ACLM yields yourself at <a href="https://app.acryptos.com/aclm/">https://app.acryptos.com/aclm/</a>.<br>Sustainable APY from swap fees.</p><p><strong>Further Reading:</strong></p><p>Some quick tweet threads on how we developed these strategies over time</p><ul><li><a href="https://x.com/acryptosx/status/1691965599507943506?s=20">Adventures in Aggressive Conc. Liquidity Management</a></li><li><a href="https://x.com/acryptosx/status/1699005989285183789?s=20">Data Visualization on Uniswap V3 CL Vaults</a></li><li><a href="https://x.com/acryptosx/status/1686921975334313984?s=20">High APY on Biswap stablecoin pairs</a></li><li><a href="https://x.com/acryptosx/status/1689814498541223936?s=20">Chainlink Automation</a></li><li><a href="https://x.com/acryptosx/status/1699995530468991144?s=20">6k%+ on MATIC-USDC pair?</a></li></ul><p>Detailed docs on how our ACLM strategies work, and the risks involved:<br><a href="https://docs.acryptos.com/products/uniswap-v3-vaults">https://docs.acryptos.com/products/uniswap-v3-vaults</a></p><blockquote><strong>For partner protocols:</strong></blockquote><blockquote><a href="http://t.me/acryptos">Reach out</a> to us for a collab. We can build an ACLM vault for your LP, bringing to it much deeper liquidity, and hence much better swap rates for your token.</blockquote><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=3d06875703c7" width="1" height="1" alt=""><hr><p><a href="https://medium.com/acryptos/sustainable-apys-via-uniswap-v3-3d06875703c7">Sustainable APYs via Uniswap V3</a> was originally published in <a href="https://medium.com/acryptos">ACryptoS</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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            <title><![CDATA[ACryptoS joins Astar’s #Build2Earn Program!]]></title>
            <link>https://medium.com/acryptos/acryptos-joins-astars-build2earn-program-f7965876f8d3?source=rss----7236e8ae5840---4</link>
            <guid isPermaLink="false">https://medium.com/p/f7965876f8d3</guid>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[cryptocurrency]]></category>
            <category><![CDATA[astar-network]]></category>
            <category><![CDATA[yield-farming]]></category>
            <dc:creator><![CDATA[BKT]]></dc:creator>
            <pubDate>Thu, 12 Jan 2023 13:50:32 GMT</pubDate>
            <atom:updated>2023-01-12T13:50:32.313Z</atom:updated>
            <content:encoded><![CDATA[<h3>ACryptoS is Officially Eligible For dApp Staking on Astar Network</h3><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*LY7YYxTdRJZdS_y7o9jWkA.jpeg" /></figure><p>We are thrilled to announce that ACryptoS has been approved by the Astar community to join Astar’s Builder’s Program on 3 Jan 2023! To boost our development efforts in the Astar ecosystem we have been whitelisted into Astar’s dApp staking program.</p><h3>What is Astar Network?</h3><p>Astar Network is the TVL Smart Contract Hub for WASM + EVM on Polkadot.</p><p>Since winning its Parachain auction in January 2022, Astar Network has become the top Parachain in the Polkadot ecosystem in Total Value Locked and most Ethereum assets transferred over. Astar Network is the leading smart contract hub that connects the Polkadot ecosystem to Ethereum, Cosmos, and all major layer 1 blockchains. Astar Network supports dApps using multiple virtual machines — namely WASM and EVM — and offers the best technology solutions and financial incentives via its #Build2Earn and Astar Incubation Program for Web3 developers to build on top of a secure, scalable, and interoperable blockchain.</p><h3>What is dApp staking?</h3><p>For great dApps to be built, developers need to build them. For developers to build great dApps, they need financial incentives. That’s where dApp staking comes in.</p><p>On the Astar/Shiden Network, dApp staking is how developers who build dApps can get compensated. By having an income, developers can keep building and improving their dApps.</p><p>At its core, dApp staking is similar to staking on validators. The difference is that dApp stakers — also known as nominators — can nominate their Astar tokens on dApps they want to support.</p><p>At every block, a portion of the rewards goes to dApp staking. This reward is then divided between operators (developers) and nominators. Overall, this creates a powerful incentive for developers to build dApps on Astar and for nominators to support developers via dApp staking.</p><p>When building on other blockchains, dApp developers need to apply for grant programs, issue tokens and fundraise to earn money. Not only that, they often need to pay steep gas fees.</p><p>On Astar, as long as a dApp has been nominated, developers can receive a basic income. As a dApp grows in popularity, more members of the community nominate the dApp, and this, in turn, enables the developers who built the dApp to receive a greater percentage of the block reward.</p><h3>We need our community</h3><p>The amount we receive with the #Build2Earn protocol depends on the number of nominators on the dApp store page (<a href="https://portal.astar.network/#/store/discover-dapps">https://portal.astar.network/#/store/discover-dapps</a>). The more nominators we have, the more rewards we will receive to support our development efforts. At the same time, you will receive up to 10% staking rewards by staking ASTR in our dApp.</p><p>Our you already using dApp staking and want to support our project as well? Astar released the nomination transfer. Nomination Transfer allows stakers to move the entirety or portions of their nominations to other projects while skipping the unbonding period. This way, stakers don’t have to sacrifice staking rewards in the unbonding period to support a project you are interested in. Read more here: <a href="https://docs.astar.network/dapp-staking/for-stakers/nomination-transfer">https://docs.astar.network/dapp-staking/for-stakers/nomination-transfer</a>.</p><h3>How to use dApp staking</h3><h3>Step 1: Buy ASTR Tokens</h3><p>Get your hands on some Astar tokens $ASTR. You can buy them on Binance, BKEX, and OKX. The full list of markets can be found here: <a href="https://www.coingecko.com/en/coins/astar">https://www.coingecko.com/en/coins/astar</a></p><h3>Step 2: Create a Substrate-based Wallet</h3><p>To learn how to create a Substrate-based wallet please click the link below: <a href="https://polkadot.js.org/extension/">https://polkadot.js.org/extension/</a></p><h3>Step 3: Go to Astar Portal and Connect Your Wallet</h3><p>When you have the ASTR tokens go to the portal: <a href="https://portal.astar.network/">https://portal.astar.network/</a> and connect your wallet to Astar Network. Then, click on ‘Store’ and look for our project: <strong>ACryptoS.</strong></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/700/0*oUCznVOjQnZOd3he" /></figure><h3>Step 4: Add Your Staking Amount</h3><p>You can click on our project to know more about the smart contract we used for dApp staking. To add your staking amount, just click on ‘Stake’ in the box and sign with your wallet on Polkadot.js extension.</p><h3>Step 5: Add, Unstake, or Claim</h3><p>Once you have staked your tokens you can do three things: add, unstake, or claim.</p><ol><li><strong>Add</strong>: to stake more, you can add more ASTR in dApp staking.</li><li><strong>Unstake</strong>: to unstake, you can claim your ASTR back.</li><li><strong>Claim</strong>: <em>(top of page)</em>: claim your rewards from all dApps you staked on. Every ERA you can claim for your rewards, but we recommend doing this once every week.</li></ol><h3>Summary</h3><p>DApp staking is a unique differentiator that only Astar and Shiden have in the Polkadot ecosystem. As developers we have chosen to build on Astar because this gives us the opportunity to earn tokens while building out our product. The beauty of this token economics model is that the more dApps are created, the more tokens will be staked. The more tokens are staked, the fewer tokens there are in circulation. Then, there is positive feedback loop on the valuation which in turn provides more value to developers and to stakers. This network effect is very important for the ecosystem and we are very happy to be part of this #Build2Earn protocol. Happy staking!</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=f7965876f8d3" width="1" height="1" alt=""><hr><p><a href="https://medium.com/acryptos/acryptos-joins-astars-build2earn-program-f7965876f8d3">ACryptoS joins Astar’s #Build2Earn Program!</a> was originally published in <a href="https://medium.com/acryptos">ACryptoS</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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            <title><![CDATA[[Transcript ] AMA with Annex Finance]]></title>
            <link>https://medium.com/acryptos/on-2-may-12pm-utc-we-had-a-great-ama-with-11-400-users-onannex-finance-groups-telegram-channel-93b17cecbdeb?source=rss----7236e8ae5840---4</link>
            <guid isPermaLink="false">https://medium.com/p/93b17cecbdeb</guid>
            <dc:creator><![CDATA[SnappyPuppy]]></dc:creator>
            <pubDate>Sat, 07 May 2022 10:36:27 GMT</pubDate>
            <atom:updated>2022-05-07T10:37:21.669Z</atom:updated>
            <content:encoded><![CDATA[<p>On 2 May, 12PM (UTC) we had a great AMA with <a href="https://www.annex.finance/">Annex Finance</a>’s team on our ACryptoS Telegram <a href="http://t.me/acryptos9">group</a>. Many users had questions about this new partnership, and the <a href="https://t.me/Annex_finance_group">Annex team</a> shared their latest updates on what makes them different from other Lending protocols.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*GZt0ts-hH60bAu_F7HpwAQ.jpeg" /></figure><p><em>Note: The transcript has been slightly edited for clarity. You can also access the direct link to the AMA on TG</em><a href="https://t.me/acryptos9/206973"><em> here</em></a><em>.</em></p><p><strong>David : </strong>hello. thank you for hosting us</p><p><strong>Abdul : </strong>I would like to welcome @danxiaogui86, @danieleconi, @DavidAnnex &amp; @GABRIALF, our friends from Annex Finance. Could one of you briefly give a background on Annex and how all 4 of you are involved?</p><p><strong>Gabi : </strong>Thanks Abdul 🙏</p><p>Hello Everyone 👋</p><p><strong>Daniele :</strong> Hello guys</p><p><strong>David : </strong>Annex Finance is a one stop shop DeFi platform with collateralized lending protocol, IDO launchpad, NFT marketplace, and Defi 3.0 profit sharing on cross chain between BSC and Cronos network. Our team wishes to turn the protocol into a one stop shop DeFi hub.</p><p><strong>Abdul : </strong>Sounds very cool. I’ve used many features of Annex and it seems that the team is constantly innovating.</p><p>Honestly, so many defi platforms just seem to be a clone of other defi platforms. What makes Annex Finance different?</p><p><strong>David :</strong> We are different in many ways. just to give two small examples, we offer our own NFTs called annex Iron wolf (AIW) and also created a Defi 3.0 Vault where users will be able to stake our limited NFTs and earn Annex protocol’s daily income, currently $14,000 in stablecoin are allocated to the vault EACH DAY, allowing our users to earn $5.1m per year in stablecoin</p><p><strong>Abdul : </strong>Wow, $14000 per day are very nice rewards, that sounds amazing. Can you elaborate?</p><p><strong>David:</strong> Sure, right now we have the DeFi 3.0 Vault, everyday the protocol is generating money for the platform from either lending/borrowing or from our protocol’s investment. Each day we allocate a set amount of fund to reward our ANN+ NFTS holder, the idea is to ensure user who holds both ANN+ AIW NFTs are properly rewarded from the protocol’s profit</p><p>in the near future we will also release at the half of MAY the SpaceStation Vault which allow user to earn with only AIW NFTs without ANN tokens</p><p>But first — let’s explain the Annex AIW NFT:</p><p>This stands for the Annex Iron Wolf NFT. The total supply of NFTs is 2,000 with approximately 500 already gone from the Treasury, we are controlling their emission very well and we sell only a few new NFTS at time.</p><p><strong>Abdul : </strong>Interesting. What gives the AIW NFT value?</p><p><strong>David :</strong> RAIW NFT owners can stake their NFTs in either the Defi 3.0 vault or starting from the half of MAY in the new AIW Space Station Vault. This is how to share in the $5.1 million-dollar usdc/busd per year ($14,000 daily rewarded). This reward will only go up over time because if the protocol will make more money, we will share more money with users.</p><p><strong>Abdul : </strong>That sounds like a good plan. By creating a steady source of income in stablecoins for ANN holders, your team is essentially eliminating the need for people to sell their ANN to earn a yield</p><p>What is the AIW NFT Defi 3.0 vault?</p><p><strong>David :</strong> it is a vault that reward users who holds both our AIW NFT and our Ann token every day, there is a minimum of $12,000 distributed to Defi 3.0 Vault stakers.</p><p>To enter the vault, you must have at least 1 AIW. You can add up to 10 AIW NFTs to the vault.</p><p>Why? Because for every AIW you stake, you receive a 20% boost, up to 200% max. In the DeFi 3.0 vault, you stake both ANN tokens and AIW NFTs. Your rewards are paid daily in USDC or BUSD depending on the chain. There is a daily reward based on your ANN and AIW NFTs — the more ANN and AIW you stake, the more you earn — in USD. It is that simple.</p><p><strong>Abdul : </strong>What will be the value of the AIW NFT in the Space Station Vault?</p><p><strong>David :</strong> Starting from half of May, Every day there will be a minimum of $2,000 distributed to Space Station Vault stakers. it is created for those who do not wish to stake ANN in the defi 3.0 vault, but have at least 1 AIW, the Space Station allows you to earn USDC or BUSD by simply staking your AIW NFTs. There is a daily reward based on your AIW NFTs — the more you stake, the more you earn — in USD.</p><p><strong>Abdul : </strong>Wow, this truly is unique, and I am sitting here thinking about getting in. How do I do that?</p><p><strong>David :</strong> All auction NFTs are coming directly from the Annex Official Treasury on our official market place here at <a href="https://nft.annex.finance">https://nft.annex.finance</a></p><p>Of course, third parties can list and sell their AIW NFTs in the official Annex NFT Marketplace at any time.</p><p>To participate in the Official Treasury auction, simply go to Annex NFT Marketplace and click on the auction tab. From there, it is self-explanatory. On BSC you will need WBNB while on CRONOS you will need WCRO, you can wrap your BNB and CRO using directly Annex DEX. For now our marketplace supports only metamask, but soon we will also add support for other wallets.</p><p>btw, anyone can list any NFT there as well</p><p><strong>Daniele : </strong>BSC <a href="https://nft.annex.finance">https://nft.annex.finance</a></p><p>CRONOS <a href="https://cronft.annex.finance">https://cronft.annex.finance</a></p><p><strong>Abdul :</strong> Cool, maybe we can list our ACS/ACSI NFTs there as well</p><p><strong>David : t</strong>hat’s an interesting proposal :)</p><p><strong>Halon :</strong> Ah, btw, annex and tectonic are the same kind of service?</p><p><strong>David :</strong> no, tectonic is strictly lending/borrowing, they do not have any other utilizes beside being a lending platform</p><p><strong>Daniele : </strong>We offers a lot more features and better APY, you can easily see also with the new Acryptos vault</p><p><strong>Abdul :</strong> So, I earn USD for staking my NFTs but there is also a lottery. How do I enter the AIW NFT Lottery?</p><p><strong>David : </strong>To celebrate the future launch of our new Space Station Vault we are doing a marketing promotion of 100 AIW NFTs sales before its launch.</p><p>There is no entry. Daily winners of the Official Annex Treasury live auction are automatically entered into our lottery on an ongoing basis.</p><p>For every 10 AIW NFTs sold, 1 FREE AIW NFT will be awarded to past lottery winners — lucky draw.</p><p>For every 100 AIW NFTs sold, 1 lucky winner will receive an additional 9 FREE AIW NFTs! This winner can now maximize the AIW Boost reward by staking in the Defi 3.0 Vault or Space Station.</p><p><strong>Abdul : </strong>Vaults are great, but what about other features like lending? How do you manage to have such high apy? Can you share with us some of the best strategies that users use to make money with your protocol?</p><p><strong>David : </strong>Yes of course, our APY is high because unlike other protocols, we give only native token rewards on the supply side, the rewards are paid by users that take loans</p><p>Borrower are rewarded in ANN token for borrowing. In this way we have almost all positive borrow rate, where ANN rewards cover all interest of the loans, moreover we are increasing TLV because to get loans you need first a collateral on supply.</p><p>Our users like this a lot and adopt several strategies to make money with Annex. The easiest is to just supply tokens in lending. We also have our great new Annex CRONOS vaults to leverage earnings from BTC, CRO, USDT, USDC and ETH. We also plan to add similar vaults for Annex BSC.</p><p>We are also proud to announce that almost all loans have a positive interest rate. YES, we pay users with ANN rewards to take loans, so people earn double using us for open SHORT or LONG positions.</p><p>lets give an example in say….shorting BTC. To use annex platform to short BTC user can do the following:</p><p>step 1: Supply stablecoin, like USDC<br>step 2: Take BTC loans<br>Step 3: Swap BTC to USDC<br>Step 4: Again, repeat by supplying USDC on Annex and repeat again and get over 3x leverage position and earn 3x ANN rewards on the BTC loans<br>Step 5: When BTC price go down, use the USDC in supply to buyback it, repay the loans and keep the difference as profit</p><p><strong>Daniele : </strong>plus the ANN rewards</p><p><strong>David : </strong>and if user is favor in long position, say user want to open a long position on BTC while staying in DeFi.</p><p>step 1: Supply BTC<br>Step 2: Take stablecoin loans, like USDC<br>Step 3: Swap USDC to BTC<br>step 4: Again, repeat by supplying BTC on Annex and repeat again and get over 3x leverage position and earn 3x ANN rewards on the USDC loans<br>step 5: When BTC price go up, use the BTC in supply to buy USDC, repay the loans and keep the difference as profit</p><p>Today, in a few hours, we will offer to our users another great strategy to earn money in a very safe way thanks to the listing of aUST tokens with 80% collateral factor and loans disabled. The ibTokens that users get when deposit UST on Anchor protocol at 20% APY on Terra chain.</p><p>How to earn using aUST STRATEGY:<br>1) on Binance buy UST and send to Terra chain<br>2) stake on Anchor at 20% Apy and get aUST<br>3) move aUST using wormhole bridge from Terra chain to Bsc chain<br>4) supply aUST on Annex<br>5) take a stablecoin loans with positive apy, like BUSD<br>6) send to Binance and buy again UST<br>7) restart the loop</p><p>In this way you will be able to leverage the APY from 20% to over 60% and you will also earn ANN rewards from the stablecoin loans, because we have positive apy interest (again we pay users to take loans).</p><p>We regularly share new strategies with our users in our telegram group because our goal is to make our users make more money.</p><p>So, join us here: <a href="https://t.me/Annex_finance_group">https://t.me/Annex_finance_group</a></p><p><strong>Abdul : </strong>Wow, that sounds like a really good strategy. Some cross-chain work is involved, but you can potentially make a lot of money on stables with this. Nice!</p><p><strong>Gabi : </strong>This will be a WIN WIN situation for both conservative investors who are supplying stable coins in Annex + degens for using this strategy.</p><p><strong>Abdul : </strong>Yeah, earning degen yields on stablecoins is the dream lol. What about your ANN token, why should users consider buying it?</p><p><strong>David : </strong>ANN is our governance token, we use it to vote on the AIP (Annex Improve Protocol). Ann also has other functionality that makes it a really good investment. For example:</p><p>1/ ANN can be supplied via lending. This will earn more ANN and even allow using your ANN collateral at 50% of total ANN value</p><p>2/ ANN can be left in the wallet to get epoch rewards. 0.2% daily fixed rewards ar earned The only requirement is not to remove ANN from your wallet until after 30 days from entry, to claim rewards.</p><p>3/ ANN can be use in our farm to provide liquidity to our LP and earn over 2,000% APY in ANN rewards</p><p>4/ ANN can be use in our DeFi 3.0 vault together with a minimum of 1 AIW NFTS to earn a portion of the total $14,000 DAILY REWARDS paid in usdc/busd (100% APY)</p><p>5/ ANN can be use in our NFT marketplace to buy or sell NFTs</p><p>6/ ANN will be use to buy lottery tickets in the future — stay tuned.</p><p>Most importantly, owning ANN is valuable as it is strongly linked to the daily incomes of our protocol, because everyday we use a part of this money to buy back ANN from markets and increase lp liquidity.</p><p>as of just last month or so we have already bought back over 1.5M ANN. The protocol goal is to buy back more ANN than the daily emission that now is 300K ANN. This way, the ANN price can only go up.</p><p>Just to give you some numbers, our protocol is making over $400K each month. We are sharing with users daily in the vaults and use to do buybacks of ANN.</p><p>The best place for investors to buy ANN is in the ANNEX DEX. You can buy ANN with BUSD and BNB on BSC and with USDC and CRO on CRONOS.</p><p>We are also partnering with a dex aggregator to soon offer the possibility to swap all platform profit directly from our dashboard. ANN is still a low cap tokens, but our potential to grow is huge as we already have over $65M in TLV and we will reach 100M $ at the end of this month, if not sooner. We always say to our users, the more money on protocol leads to more daily income. This leads to more benefits for ANN holders as we share all with our great community.</p><p><strong>Abdul :</strong> Wow, looks like some really good buybacks. Where are these bought back ANN distributed/kept?</p><p><strong>David : </strong>on our treasury wallet <a href="https://debank.com/profile/0xd4a852c62a9511b4dfcc45fa3fe0b6e8260a866a">https://debank.com/profile/0xd4a852c62a9511b4dfcc45fa3fe0b6e8260a866a</a></p><p><strong>Daniele : </strong>We use to increase ANN liquidity lp. Here you can see all stats because debank doesn’t show lp — <a href="https://app.annex.finance/stats">https://app.annex.finance/stats</a></p><p><strong>Abdul : </strong>True, that’s a pretty good idea to deepen liquidity for ANN. It’s important, considering that its a market on your lending market, and having deep liquidity keeps all other bigger assets safe from price exploits</p><p>About ANN team allocations, are you selling ANN, do you sell in the future?</p><p><strong>David :</strong> we actually locked all of team’s allocations in public smart contract. Compare to other projects like ripple where team has and does sell a significant amount of XRP on an ongoing basic. OPur team had not sold any ANN to this day for operation. Because we don’t need to sell ANN as the protocol makes money everyday and the result is a rising asset value. We are hodlers!</p><p><strong>Abdul : </strong>Awesome, that shows a lot of conviction from the team in the project. Very impressive!</p><p>We have now reached the end of our AMA. Although I think you guys have already covered most of the questions people had about Annex, the floor is still open to a couple of community questions</p><p><strong>David : </strong>hopefully we can partner with acryptos to create more vault so your users can easily benefit from both of our platform at the same time</p><p><strong>Abdul :</strong> So, how does the Annex treasury operate? I believe your treasury invests in other projects as well?</p><p><strong>Daniele : </strong>yes. This is easy, we have a very good oracle price and we set low collateral factor for the less liquidit market</p><p>About investment of the treasury, because now we have still few money we are doing more risk investment but with high profits return, for example we have invested in MSHARE last months and we have already recovered all our investment only with the daily rewards that we have used to buy more ANN and increase liquidity</p><p>But when we will have a big amount of money we will start to do less risk investment like the aUST strategy. With some milions we will be able to earn a lot with low risk</p><p><strong>Abdul :</strong> Also, what is the risk mechanism for adding assets on Annex? As they say, a lending protocol is only as strong as the weakest asset that it has added to its market. How would you prevent a situation like what happened with Venus in May 2021?</p><p><strong>David :</strong> the incident to what happened with Venus last year was because Venus team decided to allow xvs as collateral and borrow with 80% collateral factor, user were taking advantage of that and exploit the protocol.</p><p>we have a very simple solution to prevent that exploit….we set a very low collateral factor for ANN and no borrow</p><p><strong>Abdul : </strong>Sounds good guys! I saw that you guys met some success in expanding cross-chain from BNB Chain to Cronos. Do you have plans to target more chains in the future?</p><p><strong>Daniele :</strong> Yes, but first we need to finish to develop well our current 2 chains</p><p><strong>David :</strong> we also monitor spike in price change, any massive jump in ANN price will be ignore on price oracle update until it is stablized</p><p><strong>Abdul : </strong>It is very good that you guys have already catered to this possibility</p><p><strong>David :</strong> to prevent similiar exploit, we try to limit our token listing to only those with fairly high liquidity</p><p><strong>Abdul : </strong>Lastly, our samurais are always curious about the security situation of partners we work with. Could you share any relevant audits or security reports here that users could check out to feel more confident in depositing in Annex vaults?</p><p><strong>Daniele : </strong>Our lending was fully audit by Certik, now we are starting with Hacken another round of security audit, like you have done, I see you have both audit in your site</p><p><strong>Abdul :</strong> Yeah that’s correct. We’re audited by Certik and Hacken</p><p><strong>Daniele : </strong>So then we will have the same security of your site</p><p><strong>David : </strong>yes, we are audited by Certik when we first launched, but since our launch we had also develop alot of new technology and utilities for ANN token</p><p>currently we are also asking other audit firm such as hacken to provide additional audit for all the new utilities</p><p>user can review our certik audit here <a href="https://www.certik.com/projects/annex">https://www.certik.com/projects/annex</a></p><p><strong>Abdul :</strong> Great, and the Certik audit is linked within your docs?</p><p><strong>Daniele :</strong> Yes, but on their site you will see that they have not update with the major risk that we have already fix with the launch of the Governace on BSC</p><p>Basically we have solved all issues of that report launching the Governance, in fact now we need to do Aip to change every single setting in the protocol and ANN users of course can vote</p><p><strong>David : </strong>certik kinda stopped updating after we pay them for the audit even tho we fixed all the assessment they point out…we are a little disappointed at the professional level at handling our audit</p><p><strong>Abdul :</strong> It’s good to have active governance, as I think it helps to keep token holders involved and bring meaning to DeFi</p><p><strong>Daniele : </strong>Yes, but we have already fix all, so protocol is Safe</p><p><strong>David :</strong> on certik audit…they have listed 7 major issues….and all of them are related to ownership…..which we renounced when we released our DAO in September of last year</p><p><strong>Abdul : </strong>Sounds great!</p><p>Thanks a lot guys @danxiaogui86, @danieleconi, @DavidAnnex &amp; @GABRIALF, for dropping by and doing an AMA with us. We’re over the 1 hour mark now lol, but very productive discussion.</p><p>There has been a lot of interest in Annex vaults recently, and I’m glad you guys have addressed some of the most common questions regarding high yields &amp; security</p><p>We’re really glad to have Annex Finance team onboard as our partners. I’m really excited about the collaborations that we’re working on, and hope that they come to fruition soon. Let’s grow together! 🚀</p><p>You can also share your social links here so people can check them out!</p><p><strong>David :</strong> thanks for hosting us, it was a good time talking with you guys</p><p><strong>Daniele : </strong>Thanks to you for hosting us</p><p><strong>Gabi :</strong> Thank you Abdul and Team 🙏</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=93b17cecbdeb" width="1" height="1" alt=""><hr><p><a href="https://medium.com/acryptos/on-2-may-12pm-utc-we-had-a-great-ama-with-11-400-users-onannex-finance-groups-telegram-channel-93b17cecbdeb">[Transcript ] AMA with Annex Finance</a> was originally published in <a href="https://medium.com/acryptos">ACryptoS</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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            <title><![CDATA[Partners: DeFiChain x ACryptoS]]></title>
            <link>https://medium.com/acryptos/partners-defichain-x-acryptos-cbee82248595?source=rss----7236e8ae5840---4</link>
            <guid isPermaLink="false">https://medium.com/p/cbee82248595</guid>
            <category><![CDATA[cryptocurrency]]></category>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[yield-farming]]></category>
            <category><![CDATA[binance-smart-chain]]></category>
            <category><![CDATA[defichain]]></category>
            <dc:creator><![CDATA[BKT]]></dc:creator>
            <pubDate>Wed, 04 May 2022 02:49:42 GMT</pubDate>
            <atom:updated>2022-12-19T10:48:23.999Z</atom:updated>
            <content:encoded><![CDATA[<h4>Native Decentralized Finance for Bitcoin</h4><p><a href="https://defichain.com/">DeFiChain</a> ($DFI) is an established blockchain platform, built with the mission of maximizing the full potential of DeFi within the Bitcoin ($BTC) ecosystem.</p><blockquote>DeFiChain’s initial functions and products include: lending, token wrapping, pricing oracles, exchanges, asset tokenization, distribution of dividends, etc.</blockquote><p>The project is built on Bitcoin as a software fork and is tied to the Bitcoin blockchain using a <a href="https://coinmarketcap.com/alexandria/glossary/merkle-tree">Merkle</a> root every few blocks. DeFiChain transactions are non-Turing complete, which makes them fast and smooth, with low gas costs and a reduced risk of smart contract errors.</p><p>DeFiChain was launched in the fall of 2019. With their BSC bridge just recently deployed, they’ve opted to partner with ACryptoS to launch their first farming pool on BSC #BNBChain. Read on to understand more about the dual token farm on our DEX, Acsi.Finance!</p><blockquote><strong>Farm launched on 4th May ’22 0900 UTC!</strong></blockquote><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*9speDhpkRlbzlMe7l9wp8w.jpeg" /></figure><h4>Farm Launch I : Dual Token Farming $DFI + $ACSI</h4><p>Acsi Finance will be launching a new <a href="https://app.acsi.finance/#/pool/0x6e5dbc9aa884f06324ad95e51f931dcf029859dc00020000000000000000002a">DFI-BNB</a> Liquidity Pool (LP). Read more here on the many unique points that our <a href="https://medium.com/acryptos/introducing-acsi-finance-balancer-v2-on-binance-smart-chain-bf0120f4d10e">Next-Gen AMM</a> offers.</p><p>$70,000 DFI+ $40,000 ACSI is allocated for the farm, and they will be distributed over a period of 90 days and 150 days respectively. Be the first in, and enjoy the $80,000 yield farming rewards!</p><p><strong>Bonus:</strong> DeFiChain has also provided $10,000 of $DFI to be distributed to our ACS-ACSI-BNB-BUSD <a href="https://app.acsi.finance/#/pool/0x894ed9026de37afd9cce1e6c0be7d6b510e3ffe5000100000000000000000001">Onsen Pool</a>. A2B2 Pool LP providers will now receive $DFI as well for 90 days. No action required.</p><h4>(Update) Farm Launch II : Dual Token Farming $DFI + $ACSI<strong>:</strong></h4><p>With the success of the first DFI-BNB farm, DeFiChain has gone through a governance vote to extend the farming rewards with us.</p><p>Launch date: 3 Oct ’22 <br>Rewards only in DFI-BNB farm.</p><p>Reference tweet: <a href="https://twitter.com/acryptosdao/status/1575906384717103104">https://twitter.com/acryptosdao/status/1575906384717103104</a></p><h3>How to farm the Rewards?</h3><p><strong>Two simple steps:</strong></p><ol><li>Provide liquidity in the DFI-BNB Liquidity Pool on ACryptoS <a href="https://app-v2.acryptos.com/#/BSC/farms/all">V2 app</a><br>(50% DFI| 50% BNB)</li></ol><blockquote>If you run into performance issues, you may use the Legacy site and form liquidity <a href="https://app.acsi.finance/#/pool/0x6e5dbc9aa884f06324ad95e51f931dcf029859dc00020000000000000000002a">here</a> to stake them in the farm <a href="https://app-core.acryptos.com/acsi/">here</a>.</blockquote><p>Users can deposit the 2 tokens in the listed proportions above, or they can deposit 1 single token (eg: DFI or BNB) and our DEX (Acsi.Finance) will take care of the rest in the background, balancing those tokens for you.</p><p>2. Stake the pool tokens received on the ACryptoS farm</p><p>After providing liquidity (investing) in the DFI-BNB LP, users will receive proof-of-stake tokens, and they will be able to stake those tokens in the DFI-BNB <a href="https://app-v2.acryptos.com/#/BSC/farms/all">farm</a>.<br>— That’s where you’ll earn those awesome Double Rewards (DFI + ACSI)!</p><blockquote>On top of the farm APY, you’ll also be earning Swap APY. This comes from the <strong>swap fees of all the trades</strong> happening in the DFI-BNB pool. <em>😉</em></blockquote><p><strong><em>Scroll down for a full step-by-step guide.</em></strong></p><h3>Getting a 2.5X Boost on Farm APY</h3><p>With our $ACSI Boost mechanics, you’ll be able to increase your APY by up to 2.5X!</p><ul><li>stake $ACSI in the Core governance vault <a href="https://app-v2.acryptos.com/#/BSC/governance_vaults/all">here</a> (V2 site) or <a href="https://app-core.acryptos.com/core/">here</a> (legacy site). The more you stake in $ACSI vault, the higher you can boost your farms.</li><li>get boosted APY from 1X &gt; 2.5X on your DFI-BNB farm<br>eg. current non-boosted APY 74%<br>Max Boosted APY 287%</li></ul><p>Find out more about how our Boost works here:<br><a href="https://docs.acryptos.com/acryptos-farms">https://docs.acryptos.com/acryptos-farms</a></p><h3>Full Guide — Dual Token Farming</h3><p>Taking part in this new LP is a simple process:</p><p>Make sure your wallet has DFI (50%), BNB (50%) in the correct proportions (or close to it)<br><em>*Staking with just one token is possible as well, read on for more details.</em></p><ol><li>Go to <a href="https://app-v2.acryptos.com/#/BSC/farms/all">app-v2.acryptos.com</a></li><li>Deposit funds into the DFI-BNB LP</li></ol><ul><li>Select DFI-BNB and select “Pair/Unpair DFI-BNB LP”</li><li>Select the currency and amount to be deposited, or click “MAX” to deposit all</li></ul><blockquote>*You can stake a <strong>single currency</strong>, and the protocol will automatically convert the currency into the other currencies in the DFI-BNB LP.<br><strong>Hint: make smaller deposits at one time if price impact is too high.</strong></blockquote><ul><li>“Approve” the transaction (the number of approvals depends on the types of currency staked)</li><li>After clicking “Invest”, approve the transaction in your wallet to complete the deposit and get the LP tokens.</li></ul><blockquote>If you want to unpair the LP, click “Withdraw” to choose the withdrawal method. Click <strong>“All Tokens”</strong> to receive 2 types of equivalent currencies;<br>Click <strong>the different tokens </strong>to choose one of the 2 single currencies to withdraw.</blockquote><p>3. Stake the LP to start farming</p><ul><li>Click “Stake”</li><li>Click “Max” and confirm</li></ul><p>You will start earning $DFI + $ACSI 🔥 Simple!</p><h3>Quick Guide — Swapping $DFI on Acsi.Finance</h3><p>Once there is sufficient liquidity in the new LP, you will be able to swap DFI on by navigating with the left side bar/menu. <strong>“Swap”</strong> -&gt; <strong>“ACSI Finance”</strong>. You will be able to swap any cryptocurrency listed on Acsi.Finance for DFI tokens with the best swap fees and maximum returns.</p><ol><li>Click “ACSI Finance” on <a href="https://app-v2.acryptos.com/#/BSC/farms/all">app-v2.acryptos.com</a></li><li>Choose the currency and quantity you want to exchange</li><li>Click “Preview trade” — “Confirm trade”</li></ol><h4>Buying and Bridging $DFI over to BNB Chain</h4><p><strong>Here are the official docs on how-to:</strong><br>1. Buy $DFI on a supported CEX (Centralized Exchange)<br>or cakedefi.com gateway<br><a href="https://blog.defichain.com/where-and-how-to-buy-dfi-defichain/">https://blog.defichain.com/where-and-how-to-buy-dfi-defichain/</a></p><p>2. Send $DFI over to your DeFiChain wallet<br><a href="https://defichain.com/learn/defi-app-how-to">https://defichain.com/learn/defi-app-how-to</a></p><p>3. Bridge $DFI from DeFiChain over to BNB Chain<br><a href="http://defichain-bridge.com/#/welcome">http://defichain-bridge.com/#/welcome</a></p><p>That’s it!😉</p><h4>About DeFiChain</h4><p>A blockchain dedicated to fast, intelligent and transparent decentralized financial services, accessible by everyone. Visit <a href="https://defichain.com/">https://defichain.com/</a> to find out more.</p><p>Twitter: <a href="https://twitter.com/defichain">https://twitter.com/defichain</a><br>Reddit: <a href="https://www.reddit.com/r/defiblockchain/">https://www.reddit.com/r/defiblockchain/</a><br>Telegram: <a href="https://t.me/defiblockchain">https://t.me/defiblockchain</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=cbee82248595" width="1" height="1" alt=""><hr><p><a href="https://medium.com/acryptos/partners-defichain-x-acryptos-cbee82248595">Partners: DeFiChain x ACryptoS</a> was originally published in <a href="https://medium.com/acryptos">ACryptoS</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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            <title><![CDATA[Binance — ACryptoS NFT Gift Card]]></title>
            <link>https://medium.com/acryptos/binance-acryptos-nft-gift-card-b97ea1f81263?source=rss----7236e8ae5840---4</link>
            <guid isPermaLink="false">https://medium.com/p/b97ea1f81263</guid>
            <category><![CDATA[yield-farming]]></category>
            <category><![CDATA[binance-smart-chain]]></category>
            <category><![CDATA[nft]]></category>
            <category><![CDATA[cryptocurrency]]></category>
            <category><![CDATA[binance]]></category>
            <dc:creator><![CDATA[BKT]]></dc:creator>
            <pubDate>Fri, 22 Apr 2022 14:28:31 GMT</pubDate>
            <atom:updated>2022-04-22T15:50:42.228Z</atom:updated>
            <content:encoded><![CDATA[<h3>Binance — ACryptoS NFT Gift Card</h3><p>We’ve just re-opened minting for our ACryptoS NFTs, and it’s opening on a big bang — with Binance Gift Card campaign!</p><p>ACryptoS NFT Mint — promo with <strong>12% bonus</strong> in stored $ACS / $ACSI value🔥</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*IZhmjz8qox6K68q4s0-nDA.jpeg" /><figcaption>ACryptoS NFTs are back!</figcaption></figure><blockquote>Binance Gift Card offers users a way to send out crypto tokens to their friends easily, now with many unique creative covers to choose from!</blockquote><p>Listed on the front page of <a href="http://www.binance.com/en/gift-card">Binance Gift Card</a>, this unique campaign will be giving users a special mint promo, where they can stake 100% of their token value into the NFTs. No 12% mint fee charged. <em>(valid till 6 May 2022 only)</em></p><h4>Wow! How?</h4><p>⚔️ Like + RT this <a href="https://twitter.com/acryptosdao/status/1517531043586527233">Tweet</a><br>⚔️ Create a Binance Gift Card with minimum 50 BUSD in value<br>⚔️ Send the gift card to ACryptoS Treasury <strong><em>(scroll down for instructions)</em></strong>, and receive an ACS or ACSI NFT (your choice) with no mint fees charged!</p><p>Quick link for Form submission to mint NFT:<br><a href="https://forms.gle/5RrZPC76KZfxUAVS7">https://forms.gle/5RrZPC76KZfxUAVS7</a></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*kXJa_Spq2PC1PyrZWviJhw.jpeg" /><figcaption>Cori. Akira. Satoshi. 🤗</figcaption></figure><h4>Why ACryptoS NFT ?</h4><p>Stored $ACS or $ACSI in your NFT has these utilities:<br>- earn ACS or ACSI Vault APY (depending if you select ACS or ACSI NFT)<br>- Governance Voting weight<br>- Farm APY boosts up to 2.5X 🔥<br>- partner Airdrop bonuses<br>- GameFi bonuses</p><p>Full details <a href="https://medium.com/acryptos/nft-gamefi-metaverse-8a75bcf96d1b">here</a>.</p><p>Mint UI 🔗 <a href="https://app-v2.acryptos.com/#/BSC/stake_mint">https://app-v2.acryptos.com/#/BSC/stake_mint</a><br><em>*you do not need to mint from this link when using Binance Gift Card promo.<br>The NFT will be sent to your BSC (BEP-20) address after the Campaign Deadline.</em></p><blockquote><em>With Rank 3 Shogun and Rank 2 Daimyo fully minted, no matter the amount used to mint an ACryptoS NFT, it will only be a Rank 1 Samurai.</em></blockquote><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*YlQavXLx0yoW-v3pXctGYg.jpeg" /></figure><h3>How to mint ACryptoS NFT — with Binance Gift Card</h3><h4>(on Binance mobile app)</h4><p>1️⃣ Log in to your Binance App and tap [Wallets] — [Transfer] to transfer crypto from your Spot Wallet to your Funding Wallet<br>2️⃣ Go to the homepage and tap [Profile] — [Gift Card]<br>3️⃣ Tap [Send]</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*dft7h2ecfYahXpaf2e_vTQ.jpeg" /></figure><p>4️⃣ Select $BUSD and enter minimum $50. Select one of the ACryptoS NFT gift cards as a customized design. Tap [Create] to continue.<br><em>*you may input more than $50, if you prefer to stake more into the NFT</em></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*Qas_lWczaSCmqXn5yLOr-A.jpeg" /></figure><p>5️⃣ Send your Gift Card to ACryptoS Treasury to mint an NFT</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*L8YHXh2qdcC-Z73LBpR8hg.jpeg" /></figure><p>- Tap [Send] — [Send via email]<br>- Enter <a href="mailto:hello@acryptos.com">hello@acryptos.com</a><br>- Enter your Name (Telegram or Twitter @ ID)<br>- Tap [Send]✅</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*-gnMpiZ7aQV1jh4CEn8K_Q.jpeg" /></figure><p>6️⃣ Submit your details in this form:<br><a href="https://forms.gle/5RrZPC76KZfxUAVS7">https://forms.gle/5RrZPC76KZfxUAVS7</a></p><p>—</p><h4>(on desktop Binance website)</h4><p>1️⃣ Log in to <a href="http://www.binance.com/en/my/wallet/funding">www.binance.com/en/my/wallet/funding</a><br>- Select $BUSD -&gt; additional options<br>- click [Transfer] to transfer crypto from your Spot Wallet to your Funding Wallet</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*coRURZKRvsUPNXj999MnHg.png" /><figcaption>Transfer to Funding Wallet</figcaption></figure><p>2️⃣ Go to <a href="http://www.binance.com/en/gift-card/create-card">www.binance.com/en/gift-card/create-card</a><br>3️⃣ Select $BUSD and enter minimum $50.<br>- Select one of the ACryptoS NFT gift cards as a customized design.<br>- Tap [Create] to continue.<br><em>*you may input more than $50, if you prefer to stake more into the NFT</em></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*e1kdOUHh1AwDLHb7JcJ7Tg.png" /><figcaption>Select from 4 different ACryptoS Gift Card designs</figcaption></figure><p>4️⃣ Send your Gift Card to ACryptoS Treasury to mint an NFT<br>- Go to <a href="https://www.binance.com/en/gift-card/mycards">https://www.binance.com/en/gift-card/mycards</a>, select [List View]<br>- Select the created gift card from your card list<br>- [Operations] — [Copy Card Code], and submit in the form below✅<br>*DO NOT SUBMIT THE 16-DIGIT “CARD NUMBER” (IT CANNOT BE REDEEMED)</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/787/1*jhOxUb0y4B0hjz2oINBwRA.png" /><figcaption>Copy card code. Not “Card Number”!</figcaption></figure><p>5️⃣ Submit your details in this form:<br><a href="https://forms.gle/5RrZPC76KZfxUAVS7">https://forms.gle/5RrZPC76KZfxUAVS7</a></p><p>—</p><p><em>You can also refer to this Official Step-by-step 📄 </em><a href="https://www.binance.com/en/support/faq/d4f5b489c5064322826f202a2bd88d30"><em>guide</em></a><em> from Binance.</em></p><p>Terms &amp; Conditions:<br>🟡only the lowest Rank 1 NFT is available for mint. Rank 2 and Rank 3 NFTs are all fully minted.<br>🟡ACryptoS will not be responsible for any loss of funds if the Gift Card received is unable to be redeemed by our Treasury<br>🟡NFTs minted will be randomized between our 3 Samurai characters: Akira, Cori, Satoshi.<br>🟡each Binance Gift Card will be used to mint 1x NFT only. Users need to create separate Gift Cards, and submit separate forms to mint multiple NFTs<br>🟡Gift Cards with less than 50 BUSD in value, will not be allocated an NFT, and the value will not be refunded</p><p>— -</p><p>Campaign Deadline:<br>6 May 2022 2359 UTC +0</p><p>Get your ACryptoS NFT now, while the Binance campaign lasts!</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=b97ea1f81263" width="1" height="1" alt=""><hr><p><a href="https://medium.com/acryptos/binance-acryptos-nft-gift-card-b97ea1f81263">Binance — ACryptoS NFT Gift Card</a> was originally published in <a href="https://medium.com/acryptos">ACryptoS</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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            <title><![CDATA[The ACryptoS Guide to Staking on Fantom: 4 Big Gotchas to Watch Out For]]></title>
            <link>https://medium.com/acryptos/the-acryptos-guide-to-staking-on-fantom-4-big-gotchas-to-watch-out-for-88f8bb6a1266?source=rss----7236e8ae5840---4</link>
            <guid isPermaLink="false">https://medium.com/p/88f8bb6a1266</guid>
            <category><![CDATA[yield-farming]]></category>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[proof-of-stake]]></category>
            <category><![CDATA[fantom]]></category>
            <category><![CDATA[smart-contracts]]></category>
            <dc:creator><![CDATA[x · ACryptoS]]></dc:creator>
            <pubDate>Thu, 21 Apr 2022 08:22:22 GMT</pubDate>
            <atom:updated>2022-05-01T03:26:18.329Z</atom:updated>
            <content:encoded><![CDATA[<h3><strong>Introducing the ACryptoS Fantom Validator and a new type of Liquidizer Vault</strong></h3><p>We are proud to be <a href="https://explorer.fantom.network/validator/0xb9a81e121d8c9d619682bb9ddb6823439178f2f8">Validator #105</a> on the Fantom Network, <a href="https://ftmscan.com/tx/0xba5266b3fe4d14838ded28cab63daf13820597240f1e78c6837d9d1d90acc922">launched</a> on Mar-31–2022 06:15:31 AM +UTC.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1000/0*5OQ0sHmi_18nFSbL" /></figure><h3>What’s The Yield?</h3><p>When staking on Fantom, you can lock up your stake for up to 365 days. The longer the lock up, the higher your yield. As of today it is currently about 4.6% at no lock and 14.08% at maximum lock.</p><p>You can check the current estimated yields for staking on Fantom here: <a href="https://fantom.foundation/ftm-staking/">https://fantom.foundation/ftm-staking/</a></p><figure><img alt="" src="https://cdn-images-1.medium.com/max/972/1*V5cSdj4plmC0ra30y1cSfg.png" /><figcaption><a href="https://fantom.foundation/ftm-staking/">https://fantom.foundation/ftm-staking/</a></figcaption></figure><h3>Why Stake?</h3><p>Help secure the network. Earn yield.</p><p>“Native” Staking (staking ETH on Ethereum Validators, BNB on BSC Validators, AVAX on Avalanche Validators, etc) is IMO pretty much one of the safest ways to earn yield on crypto. If “something goes wrong”, it would mean something has gone wrong with the entire chain.</p><p>Staking on each chain has different risks though. Some chains have no “slashing” risk for example. But some…</p><h3>Gotchas?</h3><h4><strong>#1: YOU CAN GET SLASHED! OF <em>EVERYTHING</em> YOU STAKE!!!</strong></h4><p>Your Validator does not even need to be malicious. Operational slip ups like not allowing the node to fully sync up before starting validator mode when restarting can lead to <strong><em>FULL</em> SLASHING</strong>.</p><p>It’s already happened before and you can review the subsequent governance proposals for a refund via the governance section of the official Fantom <a href="https://pwawallet.fantom.network/">fWallet dapp</a>.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*VwcT5-7oZAOUfYTRs0ZeEA.png" /><figcaption>Oh my.</figcaption></figure><h4>So… how do I not lose everything?</h4><p>Choose a competent Validator? IDK. It seems like all you have to go by nowadays are Tweets and dodgy Medium posts…</p><h4>#2: YOU CAN LOSE REWARDS!</h4><p><strong>Your Validator may go down and never come back up. Ever.</strong> You would then need to unlock your tokens early and your rewards would be slashed accordingly.</p><p>THIS HAS ALREADY HAPPENED TO 3 VALIDATORS <strong>RUN BY THE <em>FANTOM FOUNDATION</em> THEMSELVES!</strong>!! (so far…)</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*_Y4eSW15HGuJma8AJ17R6g.png" /><figcaption>What happened to #4, #7 and #12?</figcaption></figure><p>Of the 105 Validators created till now, only 66 are currently still active.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*z0qRJOKozsguW72QabM-fQ.png" /><figcaption>Survivors: 66/105</figcaption></figure><h4>#3: Choosing the wrong Validator would mean you can’t lock up your stake</h4><p>This is a really important thing to know, but essentially non-existent in the official UI, and currently not officially documented at all. <em>(Update: This is now addressed in the </em><a href="https://beta.fwallet.fantom.network/"><em>new v2 beta of the fWallet</em></a><em> which has a much improved Staking UI.)</em></p><p>A Validator can choose to lock up its self-stake for up to 365 days and earn a higher yield (just like a delegator). When you delegate to a Validator, you can only choose to lock up until your Validator’s lock up end date. For example, if a Validator locks up its self-stake on 1 Jan 2022 for 365 days, and you delegate to it on 1 June 2022, you can only lock up your stake up till 1 Jan 2023, for a maximum of 214 days. If your Validator chooses NOT to lock up its stake, you would then not be able to lock up your stake either and will only qualify for the lowest yield.</p><p>Pro-tip: check your Validator’s lock up end date if you intend to maximize your yield, by clicking through to the Validator’s <a href="https://explorer.fantom.network/validator/0xb9a81e121d8c9d619682bb9ddb6823439178f2f8">detail page</a>.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*-A8fCX0Q8eRPB8Ln0ZjTQQ.png" /><figcaption>“Locked Until”</figcaption></figure><p>We intend to keep re-locking the ACryptoS Validator self-stake at the maximum 365 days every ~5 days so delegators can always maximize their lock up with us.</p><h4>#4: Once you’ve delegated to a Validator, you can’t increase your stake</h4><p>Actually <a href="https://github.com/Fantom-foundation/opera-sfc/wiki/Delegation-calls-reference">now you can</a>, but you would need to interact with the smart contract directly. The official UI does not support this, and you would need to create a new wallet to delegate more to the same Validator.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*22a2XzT6-tZeEbP9bA3jFA.png" /><figcaption>Where’s Add to Stake?</figcaption></figure><h3>How to Stake?</h3><h4>The Native Way:</h4><p><a href="https://pwawallet.fantom.network/#/">https://pwawallet.fantom.network/</a></p><p>Or…</p><h3>Introducing our first Liquidizer Vault</h3><p>Our first Liquidizer Vault is the FTM Liquidizer Vault which stakes on our Fantom Validator.</p><p>Liquidizer Vaults are designed to automate yield farming on top of illiquid farms (like staking FTM with a 1 year lock up), and make them liquid (“liquidize” them).</p><h4>Liquid Reserves as Built-in Virtual Liquidity Pool</h4><p>This is achieved by keeping aside a Reserve of liquid tokens which are not staked in the underlying Farm, and allowing users to withdraw against them.</p><p>This Reserve is constantly topped up by the yield from the underlying Farm, as well as new deposits.</p><p>The Reserve acts as a virtual liquidity pool within the Vault, behaving like a <a href="https://curve.fi/files/stableswap-paper.pdf">StableSwap</a> AMM when users withdraw. This means when withdrawal volumes are “normal”, users can withdrawal with minimal slippage. But the lower the Reserves get, the more “slippage” users will experience when withdrawing.</p><h4>Additional Vault Income Stream</h4><p>This “slippage” disincentivises withdrawals when Reserves are low, and also acts like a fee that the rest of the Vault earns. During periods when there is a large volume of withdrawals, there will be high withdrawal “slippage” which is “earned” by the remaining users in the Vault and the Vault APY will increase.</p><h4>Parameters of Liquidizer Vaults are:</h4><ul><li>Reserves: The amount of liquid reserves in the Vault that are not locked in the underlying protocol and available for users to withdraw.</li><li>Reserve Ratio: The ratio of liquid reserves in the Vault as a percentage of the total Vault TVL.</li><li>Target Reserve Ratio: The Reserve Ratio the Vault aims to maintain. Any yield from the underlying Farm and any new deposits will top up the Reserves to this level before being staked.</li><li>Amp: The StableSwap parameter the Vault uses to calculate withdrawal “slippage”.</li></ul><p>When a user withdraws:</p><ul><li>Any amount that does not bring Reserves below Target Reserves is withdrawn as normal.</li><li>Any amount that brings Reserves below Target Reserves experiences “slippage” as if they were trading against a StableSwap pool with 2 balances: Reserves and Target Reserves.</li></ul><p>For example, if a user were to withdraw 100 FTM from a Vault with Reserves of 1000 FTM and a Target Reserve of 2000 FTM, it would be as if he was selling 100 FTMA to a StablePool with 2000 FTMA and 1000 FTMB.</p><h3>Verifying Vault Holdings</h3><p>Fantom Explorer and FTMScan will show some interesting data on our FTM Liquidizer Vault:</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*ie0ONAVEqNfbjtKR2j1kHw.png" /><figcaption><a href="https://explorer.fantom.network/address/0x569b344ad6bf087a285f0d415d0066028921d873">https://explorer.fantom.network/address/0x569b344ad6bf087a285f0d415d0066028921d873</a></figcaption></figure><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*PJXuZwRezpkQgJ_TUL-2CQ.png" /><figcaption><a href="https://ftmscan.com/address/0x569b344ad6bf087a285f0d415d0066028921d873">https://ftmscan.com/address/0x569b344ad6bf087a285f0d415d0066028921d873</a></figcaption></figure><p>Pro-tip: add up our liquid reserves and staked FTM and compare it to the total supply of our Vault token.</p><h3>So… what does this mean?</h3><p>Compared to Native Staking, the ACryptoS FTM Liquidizer Vault has the following benefits:</p><ul><li>Maximize your yield as if you were locking up your tokens for 365 days, but still be able to withdraw at any time.</li><li>Earn additional yield from other users’ withdrawals.</li><li>Automated compounding.</li></ul><p>However:</p><ul><li>During times of high withdrawal volumes you may experience significant slippage and limits on your withdrawals.</li><li>You are exposed to greater smart contract risk.</li></ul><h3>How do I stake in the ACryptoS FTM Liquidizer Vault?</h3><p><a href="https://app-x.acryptos.com/vaults/250/0x569B344AD6BF087A285f0D415d0066028921D873">Stake here</a>.</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=88f8bb6a1266" width="1" height="1" alt=""><hr><p><a href="https://medium.com/acryptos/the-acryptos-guide-to-staking-on-fantom-4-big-gotchas-to-watch-out-for-88f8bb6a1266">The ACryptoS Guide to Staking on Fantom: 4 Big Gotchas to Watch Out For</a> was originally published in <a href="https://medium.com/acryptos">ACryptoS</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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            <title><![CDATA[Partners: MetalSwap x ACryptoS]]></title>
            <link>https://medium.com/acryptos/partners-metalswap-x-acryptos-7cce4aeacad4?source=rss----7236e8ae5840---4</link>
            <guid isPermaLink="false">https://medium.com/p/7cce4aeacad4</guid>
            <category><![CDATA[yield-optimization]]></category>
            <category><![CDATA[crypto]]></category>
            <category><![CDATA[yield-farming]]></category>
            <category><![CDATA[defi]]></category>
            <category><![CDATA[dex]]></category>
            <dc:creator><![CDATA[BKT]]></dc:creator>
            <pubDate>Wed, 23 Feb 2022 09:03:43 GMT</pubDate>
            <atom:updated>2022-02-23T09:03:29.624Z</atom:updated>
            <content:encoded><![CDATA[<h4><strong>Bringing traditional commodity swaps to DeFi</strong></h4><p>Commodity swaps were introduced in the mid-1970s to allow producers and consumers to <strong>hedge price risks</strong> in certain markets, with a contract between two parties that targets to <strong>set the price</strong> of a certain <strong>commodity</strong>.</p><blockquote>MetalSwap aims to be a strategic key feature in the DeFi AMM space, decentralizing Financial Swaps on both crypto pairs and metal synthetic assets.</blockquote><p>Through a set of smart contracts, <a href="https://medium.com/metalswap/hello-world-8de66bed0bba">MetalSwap</a> makes it possible to execute the above without the need for intermediaries, at reduced costs and without time restrictions.</p><p>Having initially launched on ETH, they’ve opted to partner with ACryptoS to launch their first farming pool on BSC #BNBChain. Read on to understand more about the dual token farm on our DEX, Acsi.Finance!</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*ICOWqiDoB11qHEg286X8iQ.jpeg" /><figcaption>The first and only XMT farm in BSC #BNBChain</figcaption></figure><h4>Dual Token Farming: $80,000 XMT + ACSI!</h4><p>Acsi Finance will be launching a new XMT-BNB Liquidity Pool (LP). Read more here on the many unique points that our <a href="https://medium.com/acryptos/introducing-acsi-finance-balancer-v2-on-binance-smart-chain-bf0120f4d10e">Next-Gen AMM</a> offers.</p><p>$50,000 XMT+ $30,000 ACSI is allocated for the farm, and they will be distributed over a period of 90 days. Be the first in, and enjoy the $80,000 yield farming rewards!</p><p><strong>Bonus:</strong> MetalSwap has also provided $30,000 of $XMT to be distributed to our ACS-ACSI-BNB-BUSD <a href="https://app.acsi.finance/#/pool/0x894ed9026de37afd9cce1e6c0be7d6b510e3ffe5000100000000000000000001">Onsen Pool</a>. A2B2 Pool LP providers will now receive $XMT as well for 90 days. No action required.</p><p><em>One of the perks for investing in our Onsen pool. Farm multiple tokens at the same time and learn about partner protocols.<br>*Currently farming $ACSI + $ONT + $XMT</em></p><h3>How to farm the $80,000 Rewards?</h3><p><strong>Two simple steps:</strong></p><p>1. Provide liquidity in the XMT-BNB Liquidity Pool (50% XMT | 50%BNB)</p><p>Users can deposit the 2 tokens in the listed proportions above, or they can deposit 1 single token (eg: XMT or BNB) and Acsi.Finance will take care of the rest in the background, balancing those tokens for you.</p><p>2. Stake the pool tokens received on the ACryptoS farm</p><p>After providing liquidity (investing) in the XMT-BNB LP, users will receive proof-of-stake tokens, and they will be able to stake those tokens in the XMT-BNB farm on <a href="http://app.acryptos.com/acsi/">ACryptoS.com</a> — That’s where you’ll earn those awesome Double Rewards (XMT + ACSI)!</p><blockquote>On top of the farm APY, you’ll also be earning Swap APY. This comes from the <strong>swap fees of all the trades</strong> happening in the XMT-BNB pool. <em>😉</em></blockquote><p><strong><em>Scroll down for a full step-by-step guide.</em></strong></p><h3>Full Guide — Dual Token Farming</h3><p>Taking part in this new LP is a simple process:</p><p>Make sure your wallet has XMT (50%), BNB (50%) in the correct proportions (or close to it)<br><em>*Staking with just one token is possible as well, read on for more details.</em></p><ol><li>Go to <a href="http://app.acsi.finance">app.Acsi.finance</a></li><li>Single currency/multi-currency deposits on Acsi Finance</li></ol><ul><li>Select XMT-BNB</li><li>Select the currency and amount to be deposited, or click “MAX” to deposit all</li></ul><blockquote>*You can stake a <strong>single currency</strong>, and the protocol will automatically convert the currency into the other currencies in the XMT-BNB LP.<br><strong>Hint: make smaller deposits at one time if price impact is too high.</strong></blockquote><ul><li>“Approve” the transaction (the number of approvals depends on the types of currency staked)</li><li>After clicking “Invest”, approve the transaction in your wallet to complete the deposit and get the LP tokens.</li></ul><blockquote>If you want to unpair the LP, click “Withdraw” to choose the withdrawal method. Click <strong>“Best price”</strong> to receive 2 types of equivalent currencies;<br>Click <strong>“Single token”</strong> to choose one of the 2 single currencies to withdraw.</blockquote><p>3. Stake LP on <a href="https://app.acryptos.com/acsi/">app.acryptos.com/acsi</a></p><ul><li>Look for the Acsi.Finance XMT-BNB farm, click “Stake”</li><li>Click “Max” and confirm</li></ul><p>You will start earning $XMT+ $ACSI 🔥</p><h3>Quick Guide — Swapping $XMT on Acsi.Finance</h3><p>Once there is sufficient liquidity in the new LP, you will be able to swap XMT on Acsi.Finance by navigating to the <a href="https://app.acsi.finance/#/trade">Trade interface</a>. You will be able to swap any cryptocurrency listed on Acsi.Finance for XMT tokens with the best swap fees and maximum returns.</p><ol><li>Click “<a href="https://app.acsi.finance/#/trade">Trade</a>” on app.Acsi.Finance</li><li>Choose the currency and quantity you want to exchange</li><li>Click “Preview trade” — “Confirm trade”</li></ol><h4>About MetalSwap</h4><p>MetalSwap is a decentralized platform that allows hedging swaps on financial markets with the aim of providing a coverage to those who work with commodities and an investment opportunity for those who contribute to increase the shared liquidity of the project. Visit <a href="https://metalswap.finance/">https://metalswap.finance</a>/ to find out more.</p><p>Twitter: <a href="https://twitter.com/MetalSwapNet">https://twitter.com/MetalSwapNet</a><br>Telegram: <a href="https://t.co/D3AwjdF23v?amp=1">https://t.me/metalswap</a></p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=7cce4aeacad4" width="1" height="1" alt=""><hr><p><a href="https://medium.com/acryptos/partners-metalswap-x-acryptos-7cce4aeacad4">Partners: MetalSwap x ACryptoS</a> was originally published in <a href="https://medium.com/acryptos">ACryptoS</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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            <title><![CDATA[[Transcript ] NFT AMA with tofuNFT.com]]></title>
            <link>https://medium.com/acryptos/transcript-ama-with-tofunft-com-a8978ffad4f7?source=rss----7236e8ae5840---4</link>
            <guid isPermaLink="false">https://medium.com/p/a8978ffad4f7</guid>
            <dc:creator><![CDATA[SnappyPuppy]]></dc:creator>
            <pubDate>Thu, 02 Dec 2021 20:19:10 GMT</pubDate>
            <atom:updated>2021-12-02T20:19:10.448Z</atom:updated>
            <content:encoded><![CDATA[<p>On 23 Nov, 12PM (GMT) we had a great AMA with 4,000+ users on <a href="https://t.me/tofuNFT">tofuNFT.com’s Telegram</a> channel with our Marketing Lead, BKT. Many questions were asked, and ACryptoS shared their <a href="https://medium.com/acryptos/nft-gamefi-metaverse-8a75bcf96d1b">latest developments of NFTs, GameFi and the ACS Metaverse</a>.</p><figure><img alt="" src="https://cdn-images-1.medium.com/max/1024/1*YHWASiOfeP-Jz47ewJAShQ.jpeg" /></figure><p><em>Note: The transcript has been slightly edited for clarity. You can also access the direct link to the AMA on TG </em><a href="https://t.me/tofuNFT/34133"><em>here</em></a><em>.</em></p><p><strong>RJ : </strong>Welcome our old friend at ACS.</p><p><strong>BKT : </strong>Hey RJ, great to be here.</p><p><strong>BKT : </strong>Still holding my SCV x ACS Collab NFT from last time =) Not to mention, a lot of the first series SCV Gatchas haha</p><p><strong>RJ : </strong>That’s the first collab NFT we’ve ever built, with the samurai spirits 😉</p><p><strong>Steve :</strong> Welcome BKT, Great to have the Marketing Lead of ACryptoS here with us today for the AMA. We have closed the chat ready for the AMA. <a href="http://twitter.com/cryptoBKT">@cryptoBKT</a> Are you ready to enlighten the community with some questions about your project</p><p><strong>BKT : </strong>Yep, ready</p><p><strong>Steve :</strong> Awesome let’s get started then.</p><p>Q1 Can you let us know briefly, what is ACryptoS?</p><p><strong>BKT : </strong>We’re an advanced Yield Optimizer, and a next-gen Swap, started in Nov last year.</p><p>There are 3 main products:<br>- ACS Vaults (Yield Optimizer)<br>- ACSI.Finance (Balancer V2-based AMM)<br>- ACSI StableSwap (Stablecoin DEX)</p><p>The platform is designed and aimed at longer-term investors looking for sustainable tokenomics, fund safety, and careful risk management.</p><p><strong>Steve :</strong> Risk management is a major factor thats good to know.</p><p>Q2 There are many yield optimizers out there. What is the different?</p><p><strong>BKT : </strong>Great question.<br>ACryptoS literally stands for Advanced Crypto Strategies. True to our name, we were the first to create strategies, launching vaults on Venus before anyone else (and currently the only platform with working Vaults for Venus).</p><p>BNB, BTC, ETH, SXP, ADA, BCH are some of the tokens we have for single token staking.</p><p>MATIC, DOGE, FIL as well. No other platforms have this.</p><p>We wanted our products to actually add value — hence the focus on sustainable tokenomics.</p><p>We pioneered the concept of the Governance Vault — meaning all protocol fees — performance fees, withdrawal fees etc are used to buy back ACS and share it with ACS holders in the Governance Vault.</p><p>This is all done automatically at the smart contract level.</p><p>Here’s a nice read on what makes us different: <a href="https://medium.com/acryptos/what-sets-acryptos-apart-d6345e2f5d7f">https://medium.com/acryptos/what-sets-acryptos-apart-d6345e2f5d7f</a></p><p><strong>Steve :</strong> Nice read for me to get more into it after the AMA 😎</p><p>Q3 Sounds interesting. What other things have been developed from the past 10 months since you launched Nov last year?</p><p><strong>BKT : </strong>Yeah, our lead dev writes pretty good stuff imho. A lot of stuff in fact 👍</p><p>We started as a yield optimizer only. Other than the Venus vaults above, we recently launched vaults for Atlantis, also a lending protocol, giving ultra high yields for single tokens, gaining almost 200M TVL in just 48 hours.</p><p>We help compound the yields from the farms that users invest in. eg. PCS farms, Mdex farms, Biswap, DSG Metaverse etc.</p><p>Deposit your funds. We auto compound it + we give out additional APR in the form of our ACS tokens to users who use our yield optimizers. So it’s a win-win for users.</p><p>Also we launched our AMM half a year ago. It’s based on the Balancer V2 protocol, the only one in BSC, and it supports up to 8 tokens in a pool. Quite different from what other swaps are offering.</p><p>We’re also the first StableSwap in BSC since last year, currently still the lowest fees and highest daily volume. Stableswap is currently averaging $20M+ in volume daily.</p><p>And… the biggest news for now, we are developing into GameFi Metaverse, and we’re currently in the first stage — launching of our first collection of NFTs!</p><p><strong>Steve :</strong> Nice will have to try grab me some of your nfts when they launch.</p><p>Q4 Glad to hear that, and glad to partner up as the marketplace for your NFT collection! Now, any reason why someone should buy your NFTs, why should they own it?</p><p><strong>BKT : </strong>We have a very unique NFT minting mechanic.</p><p>Instead of “buying” an NFT, you may now stake any amount into an NFT to mint it. The $ACS is staked within the NFT, and will enjoy the same benefits as if they have deposited in our ACS Governance Vault.</p><p>This includes earning protocol Fees and Rewards, Governance voting and Farm boosts.</p><p>To explain further, our users who have deposited in the ACS Core Vault (or ACSI Core Vault) have numerous rights &amp; benefits:</p><p>1. Good APY: They receive a big share of the daily emissions</p><p>2. Not just good, but sustainable APY: They receive most of the fees earned by the protocol</p><p>3. Even more APY from farms: They get up to 2.5x APY Boost on ALL of their farms</p><p>4. they can participate in governance</p><p>However, that is just one of the utilities of this NFT collection. Our future games are in development, with one of the first scheduled for beta release mid 2022.</p><p>Users will be able to play the game by just having a DeFi wallet. However, by owning a Character NFT, you’ll be able to get game stats boosts, equip NFT upgrades, receive in-game airdrops and much more.</p><p>This Anniversary Collection is a “Character NFT” type limited collection. Character NFTs are a basic requirement for future NFT upgrades.</p><p>There are upcoming NFT collections in plan, including Equipment NFTs, Vehicle NFTs, Mecha-Suit NFTs, etc. These upgrades are limited in numbers and are highly collectable, at the same time offering in-Game power-up bonuses.</p><p>All these will require a Character NFT in order to equip them.</p><p><strong>Steve :</strong> Q5 Thanks for explaining the utility of the native tokens and NFTs. What else should we need to know about your platform?</p><p><strong>BKT : </strong>As mentioned earlier, we are mostly focused on being Safe, Sustainable and Long-term. We could say that Safety is simply our number 1 priority.</p><p>Safety should always be a priority over everything else, even APY or tokenomics.</p><p>There has been much news of many yield optimizers being exploited or suffered some other accidental loss of funds. We have always wanted to make DeFi and BSC a safe place for users.</p><p>Proud to say, it’s been one year since we launched, we’ve kept our users’ funds intact with 0 losses so far. 💪</p><p>One of the reasons for that is — we do not run for the tempting high APYs without thoroughly checking the protocol we are building on. It’s no use getting those yields if you’re going to lose them after all.</p><p>Here’s another article our lead-dev x wrote on how to not get rekt in DeFi, it’s quite worth reading: <a href="https://medium.com/acryptos/staying-safe-in-defi-and-how-to-not-get-rekt-9c3310dd4ae8">https://medium.com/acryptos/staying-safe-in-defi-and-how-to-not-get-rekt-9c3310dd4ae8</a></p><p>With that said, we do have some fancy stuff though. Other than the 2.5X APY Boost mentioned, we’ve liquidity pools up to 8 tokens, double triple token farming, etc.</p><p>Oh, and our A2B2 Onsen Pool now has 6 tokens being farmed at the same time!</p><p>A2B2 Onsen is our collaboration pool for partner tokens.</p><p>We’re recently collaborating with a number of partners, and we use this as an effective way to let our users farm some of our partner’s tokens as well.</p><p>So currently they’re farming $ACSI + $FOR + $BOG + $HOTCROSS + $KALA + $FEED + $ONT</p><p>All at the same time.</p><p><strong>Steve :</strong> Q6 Very unique 8-token pools, truly a first in BSC. Many of our users haven’t seen this type of combination before. Could you tell us more about it</p><p><strong>BKT : </strong>Sure. On Acsi.Finance, one of they key strengths is that we can have pools more than the common 2-token 50:50 ratio.</p><p>Swaps between tokens in the pool are much more efficient, resulting in lower slippage, higher returns. Basically all good stuff for users.</p><p>It’s good for LP investors as well. With custom ratios, users are more diversified in risks, as compared to just investing in a 2-token pool.</p><p>For example, we have Investment Pools, which works something like a mutual fund or ETF in traditional finance.</p><p>Users can diversify their risk in a collective fund, with similar group of tokens/assets, and keep earning swap APY + farm APY in the meantime.</p><p>Benefits of mutual funds apply, if one of the tokens you HODL tanks, it helps with reducing your losses. If the overall market grows, most of the funds will perform similarly well, growing your portfolio.</p><p>We’re helping users diversify their risks by encouraging them to invest in funds with tokens of similar nature, rather than trying to guess the next moonshot.</p><p>Here’s a few of our Investment Pools worth looking into:<br>- The Mega caps pool (ETH-BTC-BNB)<br>- The AMM/DEX pool (BNB-CAKE-MDX-ACSI-BAKE-HMDX)<br>- The EVM pool (ETH-MATIC-AVAX-FTM-BNB)<br>- The “EVM-Killer” pool (SOL-DOT-ADA-ETH-BNB)<br>- The stable pool (DAI-USDT-USDC-BUSD)</p><p><strong>Steve :</strong> Q7 That’s awesome to know. Now back to the NFTs that will be launched soon, how many types and rarities are there?</p><p><strong>BKT : </strong>We’ve three samurais — Akira. Cori. Satoshi. Each of them will have unique but balanced stats in the upcoming GameFi.</p><p>Minting the NFT will give you 1 out of the 3 Samurais. There’s a randomized chance of 33.33% for each character, and a limited total of 1888 units.</p><p>Other than 3 characters, there are also 3 Samurai Ranks that can be assigned to each character NFT.</p><p>The Rank of an NFT improves its utilities, giving the user additional benefits and game stats. Higher Rank NFTs can be minted by staking a larger amount of ACS into the NFT when minting it.</p><p>A higher Rank NFT, eg. Rank 3 (Shogun) would give:<br>- boosted stats in the future GameFi<br>- higher allocation for NFT/partner airdrops<br>- priority sales to future limited NFT upgrades<br>- exclusive game items<br>- and potentially much more</p><p>There will only be 88 units of Rank 3 NFTs in this collection, making them extremely rare and valuable.</p><p>Full details can be found here in this Medium article: <a href="https://bit.ly/3l3YuNP">https://bit.ly/3l3YuNP</a></p><p><strong>Steve :</strong> Q8 Low number of NFTs with high value in utilities, looking forward to it. Anything else you’d like to add on before we end this session? When and where can users start minting?</p><p><strong>BKT : </strong>Let’s do a quick recap of our NFTs:<br>- P2E GameFi stats bonuses, airdrops<br>- partner NFT/token airdrops<br>- staked value in NFT that earns APY automatically<br>- farming 2.5X APY boost<br>- governance<br>- owning a part of the future ACS Metaverse<br>- different character stats in-Game for Akira, Cori, Satoshi<br>- Character NFT: required for NFT upgrades<br>- higher Rank NFT: gets bonus stats, additional item drops + much more</p><p>We are launching it very soon. It will be in the coming week!</p><p>We are finalizing the Mint UI at the moment and will release the launch date once it’s ready. (edit: Mint date <a href="https://twitter.com/acryptosdao/status/1466491181697691650?s=20">announced </a>— 6 Dec 0800 GMT)</p><p>Please follow us at<br>- Twitter.com/acryptosdao or<br>- Telegram <a href="https://t.me/acryptos9">t.me/acryptos9</a><br>to get the latest news about the launch!</p><p>Minting the NFT will be on our <a href="http://app.acryptos.com">ACryptoS</a> site, and the Secondary Marketplace will be on TofuNFT.</p><p>Looking forward to our marketplace collaboration!</p><p><strong>Steve :</strong> Exciting times ahead i love the sound of this project and the upcoming game. We will open up the chat so the community can drop some questions to you, im sure there will be a nice surprise for the chosen ones here 😎</p><p><strong>BKT : </strong>Glad to hear that! Hope your users love the sound of it too. Yup, there will be 1 ACS each for the 5 selected questions!</p><p><strong>Steve : </strong>Awesome let’s open it for Community Questions</p><p><strong>Abhijeet : </strong>Trading character nft will lead to transfer of all equipment nft,vehicle nft along with it? I mean will the nft upgrades on the character nft also get traded?</p><p><strong>BKT : </strong>Good question, trading each NFT will be just that NFT itself. If you transfer your Character NFT, your other equipment NFT will remain in your wallet.</p><p>However, if you do not have a Character NFT in your wallet, you will not be able to utilize any of the benefits of Equipment NFT.</p><p><strong>The Rekt : </strong>The amount of ACS in NFT can be different, let’s say a Shogun with 1000 ACS and another with 1200 ACS. Is the number of ACS staked will give more benefit in the upcoming game.</p><p>And will it displayed as higher price in Tofu NFT platform?</p><p><strong>BKT : </strong>Staking a higher amount of ACS will allow you a chance to get a higher Rank NFT, where the top 88 staked amount gets a Rank 3. Once the Rank of your NFT is decided, the staked amount itself does not give extra benefits in the upcoming game.</p><p>You will however still get<br>- yields from ACS Vault APY based on your stake amount<br>- governance voting weight based on the ACS inside the NFT<br>- 2.5X Farm boost based on the ACS inside the NFT</p><p>the ACS staked inside the NFT will be displayed as one of the data when listing on TofuNFT platform</p><p><strong>Masamune : </strong>Is NFT mint first come, first served?</p><p><strong>BKT : </strong>Yes it is first come first served.</p><p>As long as you mint it by staking the minimum amount of 8 ACS into the NFT, you will receive the NFT.</p><p>Only the Rank is decided once all the 1888 NFTs are minted.</p><p>A leaderboard will be on the minting site, to show where the Rank of you minted ACS is currently at.</p><p>Also just additional note, if you’re currently at Rank 3, if more people stake higher amount after you, you will get pushed off Rank 3 though.</p><p><strong>Abhijeet : </strong>Do we need to have the acs/acsi in our wallets to mint nft or we can do it with the ones staked in the governance vaults itself?</p><p><strong>BKT : </strong>You can only mint the NFT using the ACS or ACSI in your wallet. ACS currently deposited in our governance vault cannot be used to mint.</p><p>You may choose to buy the ACS from our site app.acsi.finance, or farm it as well.</p><p><strong>The Rekt : </strong>Is there a limit for 1 wallet? or can mint as much as we want?</p><p><strong>BKT : </strong>Nope there is no limit for 1 wallet, you may mint as many as you want.<br>- first come first served<br>- minimum 8 ACS to mint</p><p>That’s 5 questions!</p><p><strong>Steve : </strong>Do you want to answer this one also since there is no more left?</p><p>Will the game be live as soon as the nft launch or is that still in development?</p><p><strong>BKT : </strong>sure! The game is in development, and we’re expecting a beta release somewhere mid 2022 😉</p><p>Please feel free to read more on the Medium article here <a href="https://bit.ly/3l3YuNP">https://bit.ly/3l3YuNP</a> 👍</p><p><strong>Steve : </strong>Awesome so exciting times for the summer of ’22. Thanks for being with us today <a href="http://twitter.com/cryptoBKT">@cryptoBKT</a> i will open the chat again now.</p><p><strong>BKT : </strong>We’re excited as well! Thanks everyone here at TofuNFT, been a fan of you guys since earlier this year 👍 Looking forward to a nice collaboration for this upcoming launch!</p><p><strong>Steve : </strong>😎</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=a8978ffad4f7" width="1" height="1" alt=""><hr><p><a href="https://medium.com/acryptos/transcript-ama-with-tofunft-com-a8978ffad4f7">[Transcript ] NFT AMA with tofuNFT.com</a> was originally published in <a href="https://medium.com/acryptos">ACryptoS</a> on Medium, where people are continuing the conversation by highlighting and responding to this story.</p>]]></content:encoded>
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