About yield farming vaults
Yield farming vaults enable users to earn yield in a recently listed, or relatively new-to-market cryptocurrency. These are typically funded by the listing project and/or WOO X ecosystem initiatives, in order to encourage widespread adoption of the new tokens.
Users can subscribe at any time when the vaults are open.
- Once a yield farming subscription is successful, it will begin accruing yield hourly starting from the next hour. The subscriptions will remain locked until the end of the farming period.
- The accrued yield and deposited subscriptions will be returned to users' spot wallets when the farming period ends.
Please note that the value of digital assets can fluctuate and is subject to change.
Visit the Earn page now and start subscribing to our yield farming vaults!
How is yield calculated for a yield farming vault?
The daily yield reward pool is calculated as follows:
(Total yield prize pool / # of farming days)
The hourly yield that a user can earn from a given yield farming vault is defined as follows, subject to a hard cap*:
(Your subscription amount / total subscription amount from all users) x Daily yield reward pool / 24 ≤ Hourly hard cap
* To ensure equity for all users, there will be a hard cap on the maximum hourly rewards that a user can receive.
Can I redeem early before maturity?
At the moment, our yield farming vaults do not support flexible or early redemption. This will be improved in the near future.