How VaultX Works.
Stake
LSD Combo or VX only
Get CryptoVault
On your terms
Use in DeFi
Via NFT Protocols
Choose your LSD Ratio or VX only
Choose your commitment terms. The longer you commit the higher the reward
These NFT's can be used on NFT Marketplaces and NFT Lending Protocols
Features
Balancer Integration
Through Balancer.fi integration, VaultX guarantees a smooth staking experience. We process transactions swiftly, consolidating asset swaps to save users time and gas.
Cryptovaults are Mini-Portfolios
Tailor your portfolio to your vision: Select from three distinct choices - wstETH and VaultX, stMATIC and VaultX, or embrace the power of 100% VaultX.
Optimized Staking Algorithm
Our algorithm combats inflation while fostering stable yields. Experience the fusion of algorithmic stability and optimal yield with VaultX.
Vault Estimator
Experience real-time financial clarity with our built-in Vault Estimator tool. Get instant, live updates on base interest rates, total rewards, and Annual returns.
Lucky Bonus
Experience the thrill of the Lucky Bonus, all token IDs ending in 7, 77, or 777 receive a bonus rate boost! Be quick to claim these lucky numbers.
Lucky Bonus X2
In addition to getting a rate boost Lucky Vaults also are eligible to claim a reward from the Bonus Pool.
| Vault ID Ends With | Prize Category | Prize Value (% of Total Bonus Pool) | Lock Period (Years) | Frequency |
|---|---|---|---|---|
| 7 | Small Prize | 0.0025% | 1 | 1 in 10 |
| 77 | Medium Prize | 5% | 2 | 1 in 100 |
| 777 | Large Prize | 10% | 3 | 1 in 1000 |
Community
Uncover the VaultX Edge
Learn about the only fixed rate staking protocol.
Vault to new heights with the VaultX EdgeFrequently Asked Questions
Discover What Makes VaultX Special
If you have specific questions you can't find the answer here check out our Discord
What is VaultX?
VaultX is a Liquid Staking Derivative protocol deployed and functioning on the Polygon blockchain network supporting LSD from multiple chains such as Ethereum and Polygon. The software enables users to bundle LSD tokens and mint transferable utility tokens as NFTs, which receive rewards linked to the related validation activities of writing data to the blockchain and earning boosted rewards based on the length of their stake enabling the tokens can be used in other NFT.
In non SEO optomized language that means it's a tool to lock and traded tokens that are natively staked on other chains with a bonus system attached. It also unlocks insights into your portfolio that would be otherwise difficult to determine without a spreadsheet and lots of manual input.
How does VaultX work?
By bundling other Liquid Staking tokens such as Lido into NFTs it enables users to mint their own rewards while bundling Liquid Staking Tokens as NFTs and using in other protocols and boosting their APY
Uniqely VaultX Rewards are calculated up front using an Algorithm based on Circulating Supply, How long you commit (DBR), and the lucky bonus game system.
When your stake ends the rewards stop accruing and you can burn your CryptoVault to claim your rewards minted by the protocol. This limits the supply of VaultX
Why VaultX?
VaultX protocol gives users new oppertunities previously not available in Liquid staking protocols. Polygon is well established and provides low gas fees for execution regardless which tokens are staked.
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What is DBR?
The DBR is short for Duration Bonus Rate which is part of the reward calculation that increases the reward per second of commitment time of your Vault. It works like this: instead of taking the rate X number of seconds in the commitment, the rate is exponetially raised based on the number of seconds in the commitment. In other words, longer commitments actually pay better than shorter commitments instead of just adding up the rate for all the seconds as we've seen in other protocols.
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How is DBR calculated?
DBR: Duration Bonus Rate
Calculation of the DBR or Bonus Interest Rate is straightforward.
The formula used to calculate the bonus interest rate takes into account the staking duration (length of the commitment) and applies a power function and multiplication to yield the bonus rate.
The 'Duration Ratio 'is computed using the formula:
Duration Ratio = Stake Duration / Maximum Duration- Stake Duration : The duration for which the user commits to stake their tokens.
- Maximum Duration : The maximum staking duration permitted by the protocol.
This ratio describes how long a given stake is relative to the maximum possible duration.
Calculation of the Bonus Interest Rate:
The bonus interest rate is then calculated with this duration ratio using the formula:
Bonus Rate = ( Duration Ratio )^( Bonus Rate Exponent ) * Maximum Bonus Rate- Duration Ratio : Computed previously.
- Bonus Rate Exponent : A parameter set within the system to adjust the curve of bonus interest rates as they relate to stake duration.
- Maximum Bonus Rate : The highest possible bonus interest rate available within the protocol.
This formula has an exponential relationship between the stake duration and the bonus interest rate. As the duration ratio increases, the bonus interest rate grows exponentially up to the maximum bonus interest rate. The degree of this exponential growth is regulated by the Bonus Rate Exponent.
Overall, this method of calculating the bonus interest rate encourages long-term staking within the VaultX platform. It rewards users who are invested in the long-term success of the VaultX token economy, enhancing stability by locking up tokens and reducing circulating supply.
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How is the Base Rate Calculated?
The base interest rate is a fundamental component of the VaultX platform 's interest calculation, playing a key role in determining the returns from staking. This rate is intricately designed to adjust based on the circulating supply of VaultX tokens in the ecosystem, thus ensuring a dynamic and adaptive staking model.
The calculation involves a number of steps:
- Total Supply and Locked Supply : The system first identifies the total supply of VaultX tokens and the amount that is currently locked within the contract. The total supply is obtained directly from the VaultX token contract. The locked supply is the amount of VaultX tokens currently held by the contract, which represents the tokens that are currently staked.
- Circulating Supply : The circulating supply is calculated by subtracting the locked supply from the total supply. This represents the VaultX tokens available in the open market.
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Circulating Ratio
: This ratio represents the proportion of VaultX tokens currently in circulation relative to the total supply. It is expressed in basis points (bps), where 1 basis point is equal to 0.01%. For example, if 50% of the total VaultX tokens are in circulation,
then the circulating ratio is 5000 bps.
- Base Interest Rate Calculation :
Lower Limit : If the circulating ratio is less than or equal to a predetermined minimum, the base interest rate is set to the minimum base interest rate defined by the system.
Upper Limit : If the circulating ratio is above the minimum but below or equal to 100% (i.e., all tokens are in circulation), a decrease factor is calculated. This factor is the product of the base interest rate and the difference between the maximum basis points (10000) and the circulating ratio. This product is then divided by the difference between the maximum basis points (10000) and the minimum circulating ratio. The base interest rate is then decreased by this factor.
Stake Duration : The base interest rate is then multiplied by the stake duration in seconds and divided by the total seconds in a year (31,536,000 seconds for a non-leap year). This annualizes the interest rate, providing a yearly return rate based on the staking period.
The final result is the base interest rate for the stake. It adapts to the circulating supply of VaultX tokens and the duration of the stake, promoting a dynamic, market-responsive model for staking returns.
By tying the base interest rate to the circulating supply, the system incentivizes users to stake their tokens, as more circulating tokens mean lower base interest rates. Similarly, the dependence on stake duration motivates longer-term staking, as users gain more by staking for longer periods.
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What are the parts to the rate calculation?
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What is the Total Supply?
100 Billion VX Tokens
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Where to buy?
Use the Dapp to acquire Vaultx by creating a CryptoVault. Users mint their own rewards calculated using the Vault Estimator which aquires the tokens directly from established liquidity pools.
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Are there Fees?
Nope
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Is it new?
Yes! Totally new and orginal project.
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Is this a Clone / Reflect / Rebasing / Tax / Fee token?
No everything was produced and published publically and is totally unique. There are no taxes or fees it's an ordinary token with extended functionality. No taxes fees or funny business is baked into the token itself.
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Is this a game?
While there are gamified elements to all protocols it's up to the user to read the smart contract and evaluate for themselves to decide before executing any function on any contract. If you do not understand the functions you are about to run then you should not be executing functions on said contract. The code in the VaultX contracts is publically viewable for everyone to evaluate before they decide on participating in any publically available protocol.
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What is NeonRain?
NeoNRain is a community created decentralized NFT Marketplace on Ethereum, Polygon and Arbitrum. VaultX is compatibale with NeonRain and other NFT marketplaces and protocols.
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What Chain is VaultX on?
Polygon is the Execution layer but other chains like staking on Ethereum through Polygon is supported as well to save gas fees.
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Smart Contract Addresses
TBA
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Audits
TBA
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Other Questions?
Ask in our Discord or Telegram channels but remember that it's a community. Never trust any links from anyone. There is no team to lean on. Everything is at your own risk