Nov 29, 2021
3 Crypto Tokens With Insane APYs & Potential Returns (IN, TIME, VVS)
To start off, I just want to add a quick note: I only write about crypto coins, tokens, and projects that I am personally invested in and not just what I think and consider to be a good investment.
Second, the usual… The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Sol Invictus $IN— the first Olympus DAO fork on Solana
invictusdao.fi — twitter.com/invictusdao — coinmarketcap.com/invictus
Introduction, Out of the Night that Covers Me.
Sol Invictus is a decentralized reserve currency protocol launching on Solana. Inspired by OlympusDAO, each IN token is backed by stablecoin assets in the Sol Invictus treasury, giving an ever-growing intrinsic value or a ‘floor price’ that it cannot fall below. We are not endorsed or have officially partnered with OlympusDAO, but we have immense respect for the team and what they have built on Ethereum. We fully believe in the future of Solana, and the future of Invictus Dao. Solana has been seen. (◎,◎)
https://medium.com/@Sol-Invictus/the-sunny-revolution-f2d7f2a9d39a
While being a significant competitor to the Ethereum Blockchain, Solana Blockchain has gone up almost 12,000% during the year, bringing along many promising projects with its success.
Enters Sol Invictus, following steps of the successful Olympus DAO as its fork to become the first fork in Solana with a current APY of 28,191.723%
The screenshot below is my current staking returns for the past five days. I started my stake at 3.04 $IN, which results in an approximate return of 0.3002146304 $IN or $225.19 at the time of this post.
Stake rewards auto-compound…
I use Slope Wallet to hold Solana (SOL) and Raydium Swap to swap SOL for Sol Invictus (IN) and stake. Although I am only staking at the moment, Sol Invictus also offers “Bonds.”
Wonderland — $Time
www.wonderland.money — twitter.com/Wonderland_fi— coinmarketcap.com/wonderland
Wonderland is the first decentralized reserve currency protocol available on the Avalanche Network based on the TIME token. Each TIME token is backed by a basket of assets (e.g., MIM, TIME-AVAX LP Tokens etc etc) in the Wonderland treasury, giving it an intrinsic value that it cannot fall below. Wonderland also introduces economic and game-theoretic dynamics into the market through staking and minting.
what-is-wonderland
Wonderland is, as noted, the first decentralized reserve currency protocol on the Avalanche Network, with its main token being $TIME.
Below are my current staking details for about four days. I started my stake at 0.57 $Time which results in an approximate return of 0.055742 $Time or $412.68 at the time of writing, where the current APY is 84,777.2% &1 $Time is equal to $7,403.33.
Some practical details to understand the data:
APY tells you the annualized rate of return based on the reward yield. It takes into account the effect of compounding since MEMOries rebases exponentially.
TVL measures the dollar amount of all the staked TIME in Wonderland.
Current Index allows you to track your gain from staking. The index started from 1 at epoch 0, and increases every epoch. If you staked at genesis (epoch 0) and never unstaked any TIME, your balance today would be X times greater, where X is the current index. You can use the index to track your position by marking down the index number when you stake and unstake. You divide the index number when you unstake by the index number when you stake to get the ratio by which your MEMOries balance has increased.
Your Balance tells you how many unstaked TIME are in your wallet. This is the maximum amount that you can stake.
Your Staked Balance tells you how many staked TIME are in your wallet. This is the maximum amount that you can unstake.
Next Reward Amount tells you how much MEMO you are getting next rebase,
Next Reward Yield tells you how much your MEMOries balance will increase when the next epoch begins. For example, if you stake 100 TIME and the upcoming rebase is 0.5427%, your MEMOries balance would increase from 100 to 100.5427.
ROI (5-Day Rate) estimates how much your MEMOries balance will increase after 5 days, if the reward yield stays the same during this period. For example, if you stake 100 TIME and the rate is 8.4577%, your MEMOries balance would increase from 100 to 108.4577 after 5 days.
In this case, I added the Avalanche Network to Metamask to hold my $AVAX (Avalanche has a great instructional on how to accomplish this step here.) and used TraderJoexyz.com to swap $AVAX for $Time.
Finally, Wonderland to stake and earn $Time passively via auto-compounding.
You will receive MEMOries which are equal to your staked $Time.
Very, Very Simple DeFi for All $VVS
vvs.finance— twitter.com/VVS_finance— coinmarketcap.com/vvs-finance
$VVS runs on Cronos, the EVM chain running in parallel to the Crypto.org Chain. It aims to massively scale the DeFi ecosystem by providing developers with the ability to port apps from Ethereum and EVM-compatible chains, with funding from Particle B’s $100 million EVM fund and access to the 10 million user base of Crypto.com
Use my referral link crypto.com to sign up for Crypto.com, and we both get $25 :)
VVS Finance is the first Automated Market Maker (AMM) Decentralized Exchange natively built on top of the Cronos blockchain, and will be powering a suite of decentralized applications within the Cronos ecosystem.
VVS Finance is an Automated Market Maker Decentralized Exchange, so there are no middlemen or order books involved unlike a traditional centralized exchange.
VVS Finance has fine-tuned its Token Economics to offer incentives for all parties involved to foster the platform’s long-term sustainability and thriving. The VVS token is the governance token of the VVS Finance protocol, highlighting the features of Bling Swap, Crystal Farms, Glitter Mines, and the upcoming Initial Gem Offering (IGO). It adopts an emission model, where 50 trillion VVS will be produced the first year, halving every year thereafter (e.g. 25 trillion second year), with the per-block emission dependent on chain technical design. Further information about VVS tokenomics here.
In this case, you get two options: Auto VVS and Manual VVS. The Auto VVS (Stake and forget) option has a current APY of 3621.54% with a performance fee of 2%, and the latter Manual VVS (Manual staking) option has a current APY of 363.60% with no performance fee.
I use Crypto DeFi Wallet and Cronos Bridge to migrate $VVS and $CRO from Crypto.org Chain Protocol to Cronos. You will need CRO to pay for the Bridge Service Fee and Network Fee.
Note that for transfers from Crypto.com and Cronos, bridge fees will be waived.
I staked around 5M $VVS about three days ago and earned 176,040 $VVS, which equals ~$24.95 with a current APY of 3599.76% and a current price of $0.0001405.
Well, that is it for now.
I am sure there will be some missing details here. If you have any questions or suggestions for improvement, drop me a line, and I will try to add them.
Talk to you all soon…
