The VCX Smart Vault
Supercharged rewards or VCX liquidity providers
We’re excited to unveil the latest Smart Vault, designed specifically for all VCX stakeholders. Until now, users could opt to lock their 20 WETH and 80 VCX BPT tokens to participate in voting on oVCX emissions in Smart Vault gauges and enhance rewards on their deposits. However, now there are two ways to earn multiples on VCX liquidity. The VCX Smart Vault stands as the new ultimate liquidity incentivization vehicle.
Opening Rewards
- 470K weekly oVCX rewards
- AURA rewards
- BAL rewards
- Balancer Swap Fees
- VCX Bribes on May 9, 2024
How does it work?
The vault generates compounding interest by utilizing Balancer Pool Tokens from the 20 WETH and 80 VCX liquidity pool. These BPTs are staked in a gauge on Aura to earn governance tokens. Subsequently, the rewards are converted into additional BPT tokens and reinvested into the strategy.
Increase your capital efficiency
Are you long VCX? Do you need more exposure? Now you can lend your crypto and deposit even more into the Smart Vault.
What about Impermanent Loss?
For stakeholders holding VCX long positions, this vault offers the perfect hedge by providing call options on VCX (oVCX), with a value of approximately $7K in weekly emissions. Additionally, with VCX bribes set to launch on May 9, 2024, the yield is expected to surpass 30% APY.
Here’s a breakdown of its functionality:
- Zap any asset into the vault or deposit your 20 WETH and 80 VCX Balance Pool token.
- The vault deposits your liquidity on Balancer, subsequently staking your BPT to earn AURA rewards, BAL rewards, and swap fees.
- oVCX options tokens are distributed weekly, with 24% of emissions allocated to the VCX Smart Vault commencing May 2, 2024.
- Withdraw your BPT or zap back into any blue-chip asset at your convenience.
What is Aura Finance?
Aura Finance is a protocol built on top of the Balancer system to provide maximum incentives to Balancer liquidity providers. For LPs, Aura abstracts the complexity of depositing into the Balancer gauge system, providing a smooth onboarding process to all Balancer gauge deposits. Aura allows depositors to achieve a high boost through the protocol-owned veBAL while also accumulating additional AURA rewards.
Support
Check-in on the VaultCraft Discord every day at 11:00 AM UTC for office hours if you have any questions.
