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Weekly Update 10-07
  • Phase 2 is live!
  • Index vaults
  • Best performing vaults
  • Some platform numbers so far:
  • What is the plan now?
Phase 2 is live!

Staking is finally live! You can deposit your FNDZ tokens into the staking pool and earn rewards generated from platform fees. At first, we will support the staking pool with around 10% APY. This will be added manually, so there may be small fluctuations over time.

Staking rewards will be split based on the number of FNDZ staked. So the more FNDZ in the pool, the more the reward will be split.

Rewards are dynamic, which is different from the fixed APY we have offered on AscendEX in the past. Instead, rewards are generated from platform fees. The more users on FNDZ, the greater the fee-based revenue and therefore the higher the staking rewards. The system is designed to be sustainable over the long term because it is based on the actual usage of the platform.

To date, we have over 3.6 million FNDZ staked, representing approximately 16% of current circulation.

Rewards are added daily, and you can claim them whenever you want. But keep in mind that there is a gas fee for claiming and re-staking. Therefore, it's best to let your rewards build up so that they don't get eaten up by fees when you claim and re-stake them.

The most expensive time to make a transaction is between 9am UTC and 11pm UTC, so try to make your transactions outside of these times if you are looking for cheaper fees.

Index vaults

Our index vaults went live! All vaults are currently in the green. Let’s take a look at their performance:

  • The BTC and ETH-Heavy Index vaults are performing the best since they have been weighted for more token exposure than stablecoin exposure (ideal for bullish traders).
  • The BTC and ETH-Balance vaults have a slightly lower ROI than the “Heavy” vaults, as they contain a 50/50 weighting for a more balanced risk exposure.
  • The BTC and ETH Light index vaults are showing the lowest ROI since they are weighted in favour of stablecoins (ideal for risk-averse traders).

Best performing vaults
  1. Most Popular: BTC Heavy and ETH-Heavy;
  2. Best Performance: BTC Heavy;
  3. Most Depositors: ETH Heavy;
  4. Highest total value locked (TVL): ETH-Heavy index.

Some platform numbers so far:
  1. The total value locked in the platform is over $440,000;
  2. We have had 636 unique visitors since the launch of Phase 2;
  3. We have 40 people using the index vaults;
  4. With an average deposit of $96;
  5. The total number of FNDZ locked in the staking contract is over 3.7 million;
  6. The Amount of FNDZ staked is equal to 16% of the circulating supply;
  7. The number of stakers is 160.
What is the plan now?

We will focus on increasing TVL and overall usage of the platform. We plan to introduce traders over the next few weeks and use their communities to raise interest, as we are doing with our first trader Kripto Mevsimi.

Alongside that, we will be running some competitions and some ads across various social media platforms to raise the profile of FNDZ and the Index vaults.

We are also reaching out to other crypto companies to offer them the option to launch their own index for their community. Feel free to contact the team if you are aware of any traders or projects that could benefit from a trading or index vault.

So spread the word and tell your friends about FNDZ Index Vaults!

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Vault owners carry out trades on behalf of their depositors. Follow this guide and learn how to trade as a vault owner.
Crypto wallets are your ticket to engaging with the FNDZ platform. Read on to learn about cryptocurrency wallets and how to choose the right one for your needs.
Thinking of opening a FNDZ vault? If you want to earn rewards by benefiting others, this guide is for you. Do well by doing good.

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