VaultCraft V1.5 — Part I
Turbo-charged DeFi automation with oTokens & NFT’s
At VaultCraft, we prioritize rapid progress. Throughout our brief history, we have observed and recognized that users greatly appreciate the non-custodial and censorship-resistant features of our Smart Vaults and the perpetual call option, oVCX. With the upcoming release of VaultCraft V1.5, things are set to become significantly more affordable, simpler, and more capital-efficient. Here’s what we’re introducing in this release:
- XP points
- Multichain Gauges on Arbitrum & Optimism
- Leverage Farming with Money Markets
- Multi-strategy Smart Vaults
- Vaultron NFT Optimizer
- Multi-zaps
- Smart Vault Pages
XP Points
Since its release, Vaultron has seen ~900 unique addresses mint the NFT reward optimizer. Now an essential component of the protocol, Vaultron enables users to accumulate XP points, which can be converted into future VCX airdrops. The homepage has been updated to display your XP points and provides tooltips on how to earn additional points by depositing into the Smart Vault and enhancing their value.
Multichain Gauges on Optimism & Arbitrum
The increasing adoption of Ethereum has made transactions more costly, and as a result, claiming oVCX has become more expensive. To address this issue, we have introduced multi-chain gauges. You can now earn and claim oVCX through Smart Vaults gauges on Arbitrum and Optimism.
Multi-strategy Smart Vaults
Smart Vault infrastructure is now equipped to rebalance multiple strategies in 1 vault. Do you want LRTs, RWAs, DePin, and AI all-in-one Smart Vault PLUS $oVCX? Now you can with VaultCraf’s multi-strategy infrastructure.
Our first multi-strategy Smart Vault will be used to offer diversified exposure to all Pendle LRT markets where you can simply deposit 1 asset and earn LRT Base APR + Restaking APR + Eigenlayer Points + LRT points + VaultCraft’s call options.
Money Markets
Not only is it now cheap to farm oVCX on L2s, but now you can increase your capital efficiency by collateralizing your crypto, borrowing, and depositing even more into Smart Vaults! VaultCraft’s money market empowers users to utilize borrowed liquidity to earn even more on their deposits.
You can now see all loan management variables to help increase and manage your capital efficiency:
- Health Factor: Measures your loan’s safety, showing how much your collateral value can drop before risking liquidation. Higher values mean greater safety from being liquidated.
- Available Credit: Maximum additional amount you can borrow, based on the value of your collateral.
- Net APY: Net yield from your lending and borrowing activities, considering all associated fees.
- Collateral: Assets you’ve deposited to secure your borrowed funds.
- Borrowed: Total amount of funds you have currently borrowed.
- Net Loan Value: Current net value of all your active loans, minus any repayments.
- Lending APY: Annual yield you earn from lending out your assets.
- Borrow APY: Annual interest rate you are charged on your borrowed funds.
- Max LTV: Highest ratio of loan amount to collateral value that you can borrow, reflecting your borrowing capacity.
- Liquidation Threshold: Point where your debt reaches a specific percentage of your collateral value, indicating the debt is undercollateralized and triggering a risk of liquidation.
- Liquidation Penalty: Fee or cost added to your debt when your loan is liquidated, typically benefiting the liquidator who covers part of your borrowed amount.
VAULTRON Optimizer
Vaultron, VaultCraft’s new NFT reward optimizer, now has his own page on app.vaultcraft.io/vaultron.
Features
🤖 Mint VAULTRON for free on Polygon
🎮 Engage with VaultCraft & earn XP points
🎚️ Level up from Bronze to Silver to Gold
🪂 Get VCX airdrops
Multi-zaps
We’ve partnered with 1inch, Enso Finance, and Open Ocean to allow deposits into Smart Vaults with any asset!
Smart Vault Pages
With the introduction of money markets on VaultCraft, we decided to launch individual pages for all Smart Vaults with gauges so that increasing capital efficiency on your deposits is that much easier.
You will notice that each Smart Vault has its unique page with additional information and functionality.
Your Boost 🚀
This section lists the following boost information
- Your rewards APY — This is a function of the proportion of locked liquidity, veVCX, that you provide relative to the total veVCX held by all gauge holders. For instance, to receive the maximum 5x boost, if you own 10% of Gauge A’s supply, you must also hold 10% of the total veVCX supply. Liquidity providers are guaranteed a minimum boost of 1x.
- Your boost — This is a multiple based on the calculation above.
- veVCX missing from max boost — The difference in locked liquidity, veVCX, required to earn the maximum boost in oVCX rewards per epoch.
