📢 Introducing NEOPIN SDLP: ETH Auto-Boost Derivatives 🚀

Unveiling the second part of NEOPIN Major Update 2! We are thrilled to announce the launch of our latest product, NEOPIN SDLP (Staking Derivatives Linked Protocol)!

NEOPIN SDLP is an ETH Auto-Boost Derivatives product, offering a strategy pool centered around ETH staking. It utilizes NEOPIN’s proprietary technology to offer derivatives based on promising DeFi protocols such as Lido and Sommelier Finance.

📈 Enhancing ETH Holdings Effortlessly

With NEOPIN SDLP, users can effectively increase ETH holdings without the hassle of managing low-yield deposit products or navigating the complexities of manual yield farming. It combines two leading DeFi protocols, Lido and Sommelier, into one product. This innovative approach offers a relative decrease in risk, as it strategically utilize stETH, which represents staked ether in Lido, and utilizes Sommelier’s diversified approach across multiple DeFi protocols (Aave, Uniswap v3, Balancer, Morpho), reducing the risk of yield downturns. Users can earn up to 13.82% APY* on their ETH holdings through NEOPIN SDLP.

1️⃣ One Transaction, Multiple Protocols

NEOPIN SDLP is designed to make using multiple DeFi protocols easier, without losing any of their effectiveness. With NEOPIN SDLP, users can consolidate participation in various DeFi protocols into a single transaction. This enhancement not only improves the user experience by saving time and reducing the potential for errors but also showcases the power of smart contract technology in streamlining DeFi transactions.

🔄 Automated Reinvestment of Rewards

The rewards generated are automatically reinvested, providing compounded returns over time. This means that any rewards earned are automatically redeposited, generating compound interest for increased earnings.

🔎 Quick Guide to NEOPIN SDLP

Deposit Flow

As we guide you through the deposit process for NEOPIN SDLP, keep in mind that your part is really simple and involves just one deposit transaction. Here’s how it works: NEOPIN’s smart contract takes your ETH and diversifies it for you. All you have to do is start the deposit.

1. Deposit Initiation: Simply decide how much ETH you want to stake and initiate the deposit from your NEOPIN wallet. The minimum deposit amount is at 0.1 ETH.
2. Automated Token Process: Following your initial deposit, the NEOPIN smart contract autonomously orchestrates the following operations.
3. ETH Transfers to NEOPIN Contract: Your deposited ETH is first processed by the NEOPIN contract.
4. Staking with LIDO: Post conversion, your ETH is staked with LIDO, minting stETH as a result.
5. Integration with Sommelier: The stETH then gets diversified by being directed into the Sommelier TurboSTETH Vault.
6. Token Minting: TurboSTETH2 tokens are minted to represent your staked ETH on Sommelier.
7. Completion: As the final step, these newly minted tokens find their way back to your wallet, signifying the completion of your deposit and marking your full-fledged entry into Ethereum staking via NEOPIN SDLP.

Withdrawal Flow

Just like making a deposit, all you need to do is submit a single withdrawal request. Our smart contract takes care of the rest, making sure your exit is as smooth and efficient as when you entered. Here’s how it works:

1. Initiate Withdrawal: Start by submitting your derivative LP tokens for withdrawal. This submission is the only active step you need to take, with the gas fee for this transaction coming from your wallet.
2. Automated Token Process: Upon your request, the NEOPIN smart contract automatically handles the transactions below.
3. Token Burn: Your LP tokens are burned, and a request is sent to burn the corresponding TurboSTETH in the Sommelier vault.
4. stETH Withdrawal: The resulting stETH is then moved to the NEOPIN contract.
5. Operation Fee: A 0.5% fee is deducted from the stETH for operational costs.
   *For a limited time, the operation fee will be reduced from 1% to 0.5%. This promotion is available until further notice.
6. Unstaking with LIDO: The smart contract engages LIDO to unstake the remaining stETH.
7. ETH Conversion & Claim: The stETH now begins its conversion back into ETH. Withdrawal can take 1~14 days (or more depending on the network’s circumstances) to complete. During this waiting period, no additional rewards will be generated.
8. Completion: Once the conversion is done, the ETH (both principal and rewards) is directly transferred from the NEOPIN contract to your wallet, marking the completion of your withdrawal.

*NEOPIN SDLP has no minimum deposit period, allowing users to request withdrawals at any time. However, withdrawing within 5 days of the deposit incurs a penalty commission, potentially resulting in rewards lower than the actual yield.

💡 Invest with Ease

NEOPIN SDLP is designed to maximize the ETH yield through automated boosting across a range of DeFi protocols. With a single click, users can take advantage of maximized rewards on their ETH holdings, based on optimized gas fees, automated processes, and efficient smart contract execution.

Deposit your ETH now to earn up to 13.82% APY*! 🚀

Notes:

• *Please note that the APY mentioned in this article is based on the rates as of April 4th. The final APY may vary depending on the protocols used.
• Please read the documentation for each protocol carefully for more information about the protocols and their potential risks before using the product. (Lido / Sommelier)
• U.S. persons and those acting on their behalf are prohibited from using NEOPIN SDLP, regardless of IP address. This includes users in the U.S. or countries where NEOPIN use is illegal. Violations of laws, including anti-money laundering regulations, are not allowed. Concealing location through methods like VPNs is also prohibited.

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