Vaultka x Vela Hyper Sake Program — Earn Extra 78% APR USDC with Sake
Are you ready for some exciting news? Vaultka has partnered with Vela Exchange, one of the leading perpetual DEX on Arbitrum, to launch the Hyper Sake Program!
Following Vaultka’s security update, where the contract has been whitelisted by Vela and has added Vela as the new multisig holder (check our new tweet here!), we’re thrilled to introduce this new liquidity incentive program. The Hyper Sake Program incentivizes users who deposit into Vaultka’s Sake vault (3x Leveraged VLP) with additional 78% APR rewards in USDC on FCFS basis.
The Hyper Sake Program is a fantastic opportunity for users to earn extra rewards for staking their stablecoins in Vaultka’s leveraged vault. In addition to the 3x VLP rewards they earn from the vaults, an extra 78% APR of USDC rewards will be distributed to Sake stakers.
Campaign Details
- Campaign Period: 12/7 UTC 16:00–26/7 UTC 16:00
- Claim Date: 28/7 UTC UTC 06:00 onwards
- Total Reward: 8000 USDC.e for the first $800,000 TVL in Sake Vault, FCFS
- Eligible Vaults: Sake Vault (3x leveraged VLP)
- Minimum Deposit: Any amount is welcome!
Methodology
- Snapshots will be taken randomly on the Sake vault in the two weeks campaign period.
- With a higher amount of deposits, users will be rewarded with more additional USDC proportionally
- Users have to keep their deposits staked UNTIL 26th of July to get the reward
Don’t miss out on this limited-time offer and earn 78% APR extra reward!
We’re thrilled to partner with Vela Exchange to launch this Hyper Sake Program, and we’re confident that this program will help strengthen the Vaultka protocol and create a more decentralized and fair market for VLP, SAKE and s-WATER. The Hyper Sake Program will launch on Vaultka on the 12th of July and will run for 2 weeks. For more announcements on the bootstrapping campaign, please join our official Telegram channel (here) and Discord (here).
Let’s enjoy the Vela frenzy! 💙
