Baklava Space
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        • Tutorial
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  • PURSE (BNBCHAIN) VAULTS
    • 🚀 Purse Vaults
      • 🍬Purse Staking Vault
      • 🍬Purse LP Vault (Pancake Swap)
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        • 🍨 Pangolin Vault (Expired)
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  • Tokenomics
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    • 💧How to get/claim $BAVA
      • 💧How to get $BAVA airdrop
      • 💧How to farm/stake $BAVA
      • 💧How to buy $BAVA
    • 🔺Locked Token Migration (Avalanche)
      • Migration Tutorial
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  • GUIDES
    • ❔FAQ
      • How is high APY achieved?
      • Platform Usage FAQ
      • Fees (summary)
        • Early Withdrawal Fees (only for $Bava staking vault)
      • Receipt Tokens
        • BRT Receipt Token
        • bGLP Receipt Token
      • 🖋️ About Vaults - General
        • Vault Architecture
        • Risk and Risk Mitigants
        • USDC Lending Vault Yield Explained
        • Reinvest Function
    • 📰 Whitepaper
    • 👩‍🔧 About Us
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  1. PURSE (BNBCHAIN) VAULTS
  2. 🚀 Purse Vaults

🍬Purse Staking Vault

Previous🚀 Purse VaultsNext🍬Purse LP Vault (Pancake Swap)

Last updated 1 year ago

The Purse Staking Vault will auto-compound user's Purse staking rewards and restake them to the pool. Users can earn more Purse yield together with extra BAVA rewards.

FAQ
Description

Method

Vault restake $PURSE to Purse Staking pool and help auto-compounded $PURSE rewards

Profile

For $PURSE holders that like to earn auto-compounded yield

Yield Source

$PURSE staking rewards and $BAVA rewards

Risk

Principal protected as $PURSE is delegated back to the staking pool

Payout

$PURSE and $BAVA

Start Date

February 2024

Withdrawal fees

0.5% of the withdrawal amount; will be restaked back to the vault and shared amongst vault LPs.

Management fees

5% of the yield (principal is not charged)

Compounder fees/ reward

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).

Tutorial

  1. If you want to stake the $PURSE, choose ‘Purse Staking’ and deposit your $PURSE.

  2. After depositing the $PURSE token, you can check $stPURSE in your wallet.

  3. This vault maximizes your yield and enjoy the benefit of being free from the risk of impermanent loss.

  4. For PURSE Staking, there is a 21-day period for withdrawals.