Mar 7, 2022
Vapor Nodes — 1% Daily rewards. The cheapest node out there.
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Vapor Nodes is a project created on the Avalanche Blockchain. They are a little bit over 3 months old. With fully doxxed founders and lead devs, and locked liquidity for over a year (420 days).
This is the Lead Developer at Vapor Finance.
Vapor offers a 1% yield per day, per node. Which is way more sustainable than other node projects. I like 0.5% — 2% for most projects.
There are already over 40,000 Vapor Nodes created.
They are currently one of the node projects with the lowest barrier of entry. The cost for node creation is 1,000 $VPND. At current prices of 0.045, 1,000 $vpnd will cost you around $45.
The minimum to create a node is 1,000 $VPND, and there are no tiers. To create a bigger node you just need to buy more $VPND.
The amount you deposit to create the node is non-refundable. This means, after creating the node you are at a loss until you claim your rewards and sell them for profits. (Most of the Node projects work like that).
Their distribution system looks like this:
- 10% Liquidity
- 10% Team/Marketing/Expense/Partnership Pool
- 80% Treasury- 25% is swapped to $AVAX
Intro and features
After node creation you get 3 options; you can compound, deposit more, or claim your rewards.
Claim: You will receive 1% every day on the amount you have deposited. Using the example above, I am receiving 47 $VPND daily.
When you claim you will be taxed 10% of the rewards., which 9% gets sold for $AVAX for the treasury and 1% is burnt.
If I claim the 47 $VPND, then I will receive 42.3 $VPND.
Compound:
This one is tricky because there are tons of features to incentive compounding and alleviate selling pressure.
- Compound bonus:
The smaller your node size, the more benefits you get. This is pretty cool because they are actually helping the smaller guys.
Using my node as an example. I have 4,700 $VPND so I have the 25% bonus activated. If I accumulate 100 $VPND and I click compound instead of claim, then that 100 will be multiplied by 1.25.
125 $VPND will be deposited into my node, increasing the size to 4825.
When you claim you will NOT receive the 25%, it only works for compounding. There is no waiting period, this one gets activated depending on your node size. Feel free to claim and sell, this will not get deactivated by doing so.
- Diamond hands levels:
If you allow your rewards to accumulate and not Claim them, the Diamond Hands bonus will activate.
Bear in mind that this one only affects the amount you haven't claimed or compound, not the actual node.
If I have 100 $VPND rewards available and haven't claimed for more than 3 days. Then this 100 $VPND will be multiplied by 1.05 = 105 $VPND.
Diamond levels get deactivated when you claim, it will restart to level 0. Compounding doesn't affect it.
NOTE: Every time you Compound your rewards, there is a 1% Compound Tax on your unclaimed rewards.
Deposit:
You can opt to increase your node size after creation. One valid option is to dollar cost average each week, and keep increasing the node side by clicking on ‘deposit’. This has no effect on the bonus rewards.
Rename:
In case you want to change your node’s name.
RPC endpoints:
This is the server that helps process some data. Just let it choose it automatically, or scroll and select the city that you think is the closest to you.
RPC explanation from Dark Forest Dev;
To connect to and retrieve data from a blockchain, you’ll need to connect to a node on the blockchain network. A node is a participant in the network that stores and serves the latest blockchain state. Users who wish to download blockchain data can either run a node themselves, or connect to a publicly-provided node via the node’s RPC endpoint. An RPC (remote procedure call) endpoint is like a node’s address: it’s a URL which requests for blockchain data can be sent to.
They also have a referral feature.
How it works
- Copy the unique link in your Referral tab.
- Share the link with your friends, ask them to create a node.
- Once they do, you’ll get a 5% commission, on the amount they used to create a node.
If this is your first time creating yours, feel free to use my link to support.
https://app.vapornodes.finance/nodes?invite=0x43dc5E8C988c3563db3d6C16243F5Eb4C15058A7
Investments and future plans
For the project to work they have to invest and create revenue to pay the node creators. They have some investments in Strong Nodes, CVX, an AVAX Validator (over 2,000 AVAX).
Personally, I would like to see more investments than that to make the project more sustainable.
Also, they are working on 2 ambiguous projects:
- Vapor chain (Avalanche subnet)
- Vapor launch (Launchpad)
How to set up your first Node:
- Create a MetaMask wallet, add the Avalanche RPC, and fund your wallet with some AVAX.
- Go to vapornodes.finance, or click on my referral link
- Click on “Buy VPND”, you will be redirected to TraderJoe.xyz. Purchase the amount of $VPND you want (over 1k).
- Go back to the page, click on launch app, connect your wallet and click on create node.
- Add the amount of $VPND you want to allocate.
- Done :)
If you don't know how to use MetaMask, I created an easy guide here on Medium.
Conclusion
I invested In Vapor a little bit over a week ago. My initial investment is $157. I bought in at 0.034c. Since then I’ve been compounding and will continue until I get to my goal of a little bit over 10k $VPND. After that, I will be taking my weekly rewards.
I am currently making 3$/ day or 21/week. The goal is to get to $50/week.
Always do your research before investing, and never invest more than you can lose. More importantly, remember to take your profits. :)
I‘ve been working on this tracker for so long, tailoring it to be as simple but as effective it can be. Crafting each part of it with DeFi in mind.
This is the perfect spreadsheet to track all your Nodes, Daos, and Passive Income project you might be in.
If you are into passive income you should be tracking your income. You cannot improve what you don’t measure.
Check it out 👇:
Thank you for reading!
If you want to follow my day-to-day journey, let’s be friends on Twitter. 🐤
@DefiChronicles
My youtube channel: https://www.youtube.com/watch?v=aurU-nghWLA
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Or, if there is anything I can help you with, feel free to send me an email.
thedefichronicles@gmail.com
Disclaimer: This is not financial advice, I am just a guy with a laptop sharing his opinions and experience. This is for entertainment purposes only. Always Do your own research before investing.
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