VaultCraft // Compound Campaign: Up to 1M in ARB Rewards
VaultCraft partners with Compound for Smart Vaults
In collaboration with Compound, VaultCraft is dropping the new Compound USDC Smart Vault on Abritrum on OKX and Superform.
Smart Vault Page:
https://app.vaultcraft.io/vaults/0xD3A17928245064B6DF5095a76e277fe441D538a4?chainId=42161
Vault Address:
0xD3A17928245064B6DF5095a76e277fe441D538a4
USDC Asset Address:
0xaf88d065e77c8cC2239327C5EDb3A432268e5831
Gauge Rewards Address:
0xc9aD14cefb29506534a973F7E0E97e68eCe4fa3f
Features
- 50K ARB per epoch (up to 1,000,000 ARB in total)
- 450K oVCX per epoch
- Up to 5X boost on oVCX rewards
- Leverage farming
- Listed on OKX, SuperForm, and VaultCraft
- Non-custodial, permissionless, and automated
How do I maximize my rewards?
Liquidity providers can simply deposit USDC or deposit any asset into the Smart Vault thanks to integrations with 1inch, Enso Finance, and Open Ocean.
Users can also open the Loan Management module which allows liquidity providers to borrow against their collateral and deposit more into Smart Vaults, increasing users’ capital efficiency and premiums earned.
How do I get 5X oVCX?
To earn 5X on your oVCX rewards, you need to stake your VCX LP token for veVCX.
Step 1
Go to https://app.vaultcraft.io/boost and click Get VCX-LP. You will need to provide 80% VCX and 20% WETH into the Balancer pool.
Balancer Pool: https://app.balancer.fi/#/ethereum/pool/0x577a7f7ee659aa14dc16fd384b3f8078e23f1920000200000000000000000633
Step 2
On https://app.vaultcraft.io/boost click Manage Stake and then Increase Lock Time. Locking your VCX LP token for 4 years earns you a 1:1 share of veVCX.
After you’ve locked your VCX LP token, you will see Your Boost on the Smart Vault page.
Step 3
As a veVCX holder, you can now vote on oVCX emissions on https://app.vaultcraft.io/boost. The optimal strategy here is to vote on Smart Vaults where you’ve LP’d to earn even more oVCX rewards on top of your boost!
Farming ARB
As a liquidity provider of the Compound USDC Smart Vault, you will automatically be earning ARB and oVCX rewards. You will see both a Claim oVCX and Claim Rewards button on the top right.
Simply click Claim Rewards to claim your ARB tokens. Make sure you are on Arbitrum and you have ETH.
Farming oVCX
Liquidity providers will also earn oVCX, an option to swap for VCX at a 25% discount to instantly arbitrage on Balancer. Here are some general guidelines on how to farm oVCX.
Step 1
Go to app.vaultcraft.io/boost and click Claim ARB oVCX to claim your oVCX.
Step 2
Click Exercise oVCX and then in the next window Exercise ARB oVCX. You will then see the module where you can swap WETH for a 25% discount on VCX. Input the amount of oVCX you would like to exercise and then Exercise oVCX.
Step 3
After exercising, you will need to bridge your xVCX to Ethereum. Click Bridge VCX on https://app.vaultcraft.io/boost, then on ARB -> ETH, and then input bridge amount. Then click Bridge.
You can monitor your bridge transaction on https://bridge.connext.network/VCX-from-optimism-to-ethereum?symbol=VCX
