VALUE DEFI MID-OCTOBER MEGA UPDATE

  1. A decentralized lending platform for vUSD and vETH
  2. Significant Gov Vault v2 upgrade
  3. YFV/VALUE swap deadline voting
  4. Value Liquid Phase 3.5 “Farms as a Service” and a new partnership
  5. Value Vault Beta completion
  • Profit from farming strategies will be auto-compounded
  • Locking VALUE in the vault for an extra period of time will boost VALUE yield
  • Introducing gvValue token:
    When you deposit VALUE to the governance vault, gvVALUE will be generated and issued to you. At the beginning 1 gvVALUE = 1 VALUE. When the vault makes profit in VALUE and its profit returns to the vault, the number of VALUE in the vault increases while the amount of gvVALUE remains unchanged. As such, gvVALUE can be exchanged for more VALUE. For those familiar, this is the same mechanism as yaLINK.
  • Governance Vault v2 will support multiple farming strategies as well as our state-of-the-art farming innovation
  • The current Gov Vault receives 0.2 VALUE per block as extra incentives for VALUE staking alongside the 6.7% profit from vaults and 0.05% trading fee from Value Liquid. This is about 9200 VALUE rewarded weekly for governance vault holders (in comparison, harvest.finance emits about 2600 FARM weekly to their FARM staking pool with a 5% weekly emission cut). With this current rate, we will exhaust VALUE emission for the Gov Vault in about 140 days. Since the certain community members prefer a higher APR for the Gov Vault, we can increase these emissions if that becomes the majority opinion. As a consequence, the emission period will be shortened. We look forward to community discussion and voting.
  • On 17-Oct-2020, we will create a new vote for the community to choose a deadline to end support of YFV from the ValueDeFi ecosystem.
  • After that date, we will not support wrapping YFV<->VALUE
  • The seed pool that is emitting 31.5k YFV weekly will be closed on the transition date voted by the community, effectively locking the funds of farmers who do not exit before the deadline. People who miss the deadline will have the opportunity to retrieve their funds after 3–6 months (subject to community voting).
  • Internal proxy of Balancer will be replaced by an external router (like Uniswap), which could result in up to 70% cheaper gas fees for users.
  • Users will have the ability to create farming pools from a simple frontend UI, meaning LPs of the farming pool will receive farming token emissions immediately after providing the liquidity to the pool.

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