🍰 $FX Delegation Vault
The $FX Delegation Vault will auto-compound user's $FX delegation rewards and delegate them to all the validator nodes. $FX tokens in the vault will be delegated to Function X Validator nodes.
Apart from auto compounding benefits, $FX are evenly distributed to multiple validators which reduces slashing risk or non-performing validators.
Baklava Space has deployed the vault to f(x)Core Mainnet.
Method
Vault delegates $FX to Function X delegators and help auto-compounded $FX rewards
Profile
For $FX holders that like to earn auto-compounded yield
Yield Source
$FX delegation and $BAVA rewards
Risk
Principal protected as $FX is delegated to validator nodes.
Payout
$FX and $BAVA
Start Date
August 2023
Withdrawal fees
0.5% of the withdrawal amount; will be redelegated back to the vault and shared amongst vault LPs.
Management fees
5% of the yield (principal is not charged)
Compounder fees/ reward
0.1% of the yield as compounder fees, and given to the address that initiated the claim so the compounder compounder will help everyone collect fees and earn the compounder fee as reward (platform does not take any).
Last updated