Rocket Vault x Ferrum Network: Staking Details
Rocket Vault will be launching a liquidity staking event in partnership with the Ferrum Network on Polygon Network on 21August 2021 at 14 UTC.
$RVF-$ETH liquudity staking also has several unique features which allow for early withdrawals, forfeited/redistributed rewards, and additional rewards for full maturity. Following are some the key features of the staking event:
Limited Time to Contribute
There are 10 days that are opened for staking. Thus, you can only contribute for a limited amount of time because once the staking pools are opened. After the said time expires or the Contract reaches maximum capacity, contributions are closed permanently. You can check the progress bar anytime to know how much of the contract has been filled.
You will be assigned a date and time which indicates how long you need to stake to attain maturity and obtain maximum rewards. The lockup period is 45 days and the full maturity time period is 90 days.
$RVF staking also allows you to withdraw your funds before the date of maturity. You will be assigned a date and time which marks when you can withdraw early.
Rewards are significantly lower if you withdraw early, but it increases if you stake till maturity. Meaning, if you withdraw early, but at a time closer to the maturity date, your rewards will still be at 20% APY.
Un-staking between 45–89 days yields 20% APY. Un-staking after 90 days yields 70+% APY.
Forfeited and Redistributed Rewards
The staking pools also place a predetermined amount of $RVF into every pool before they go live. If contributors leave the pool, the total size of the pool doesn’t shrink, and hence the contributor just receives less rewards compared to others in the pool.
Thus, you can earn more than just the maximum APR, if you are the longest staker, because you will also be earning a share of the rewards that were ditched by stakes who leave early.
The key metrics are summarized below:
- Days open for stake: 10 days starting from 21-Aug-2021 14 UTC
- Lock up: 45 days
- Maturity: 90 days
- Un-stake between 45–89 days: 20% APY
- Un-stake after 90 days & beyond: 70+% APY
Stay tuned to our Twitter and Telegram feeds for more announcements!
About Rocket Vault
Rocket Vault is a one-stop solution to simplify crypto trading & value investing.
It’s Smart Vault is powered by advanced predictive analytics and machine learning to maximize gains and minimize risks. Rocket Vault uses advanced Machine Learning Pattern Recognition techniques to identify tokens with high potential for delivering the highest APY.
RocketX helps users to trade ANY token listed on ANY exchange globally without registering with ANY exchange! It is the FIRST exchange to break the boundaries between different chains and support single click Cross-Chain Swaps, while allowing the user to have complete ownership of tokens.
We are adopting a collaborative approach in creating a partner ecosystem to achieve this goal.