![]() At later stages, Sygnum will offer a suite of DeFi yield-generating products and services across its banking, as well as asset management offering, and develop custom solutions for its clients with selected DeFi partners. ** Note that Vulcan City Bank PLC can only accept deposits in Cold Lava.1INCH will be among leading DeFi tokens, for which Sygnum offers institutional-grade custody and regulated trading.Īs the 1inch Network moves to offer its solutions to a wider range of users, its 1INCH governance and utility token is now also available at Swiss bank Sygnum.Īt the initial stage, Sygnum clients will be able to invest directly in several DeFi tokens, including 1INCH, and access a full suite of banking services, such as institutional-grade custody, transfer and trading services. *Poseidon Limited Company - protected from earthquakes, hacks, and thieves. Auto compounding will add the rewards to the total staked amount resulting in more rewards over time.If the user withdraws the funds early, the rewards will be zero. The minimum amount of LAVA to stake is 100.The user can only lock five amounts for each Vulcan ledger the user owns.The user can withdraw his funds anytime he wants for a 25% fee when participating in one of the locked plans.Compounding can significantly increase your rewards over a longer period. It will automatically increase your investment and increase your rewards. Your profits will be added to the amount of LAVA you staked. As soon as the 3 month locking period ends, you will receive your LAVA + interest, and you can stake again if you wish. 14% interest Cold LAVA is locked up for 3 months You can use the emergency withdraw feature at any time during lockup, but you will have to pay a 25% withdrawal fee. A quarterly investment plan that yields the highest interest. Named for the festival of Heracles, the mightiest of all the heroes, as is this plan. The 3 Months-locked plan - ‘The Heracleia’ As soon as the 1 month locking period ends, you will receive your LAVA + interest, and you can stake again if you wish. You’ll be over the moon on the returns this plan offers! 8% interest Cold LAVA is locked up for 1 month You can use the emergency withdraw feature at any time during lockup, but you will have to pay a 25% withdrawal fee. The 1 Month-locked plan - ‘The Pandia’Ī monthly plan named for the lunar festival honouring Selene, the goddess of the moon, held when the moon was full, in ancient Athens. Please keep in mind to withdraw just after receiving your rewards. You can withdraw your money at any time but you will forfeit that week’s interest payout if you do. 5% interest You can compound your earnings each and every week (fully automated) by turning this feature on. The Flexible plan - ‘The Thesmophoria’Ī flexible anytime plan, named for the ancient Athenian festival of Thesmophoria, honouring the goddess Demeter, the sower of seeds. The Plans & How It WorksĬurrently, the Vulcan bank offers 3 ways to stake LAVA. If you withdraw on day 13, you will have received the first week’s payment but will not receive the interest for the second week. So if you withdraw from the Flexible Plan on day 6 of the first week, you receive nothing. ![]() However, withdrawing your funds before the end of the running week will void the current week’s payment. If you choose the Flexible Plan, you can withdraw or use your $LAVA any time you want. Be careful when staking multiple plans, as you can only use 5 slots. The maximum amount of locks for each Vulcan Ledger is 5. The minimum amount of LAVA = 100 for each lock. ![]() You will be able to stake $LAVA to earn an annual percentage yield (APY) through one of the following plans:įlexible Plan: ‘The Thesmophoria’, 5% 1 Month Lock Plan: ‘The Pandia’, 8% 3 Month Lock Plan: ‘The Heracleia’, 14% ![]() ![]() To become eligible for the staking program, you must own the limited Vulcan LAVA Ledger NFT. Your in-game asset manager at the Vulcan city-based bank will offer several staking solutions. It can be converted into $LAVA tokens 1:1. To summarize: $LAVA token = on-chain blockchain-powered token. The Vulcan bank will only allow cold LAVA to be staked, as this is the in-game currency. If you stake $PYR, you will receive cold LAVA also. All the LAVA you earn playing the Vulcan games is cold LAVA. $LAVA is being used as a play-to-earn gaming token and powers the Elysium blockchain. $PYR and $LAVA are the primary tokens used within the Vulcan ecosystem. Make sure you have enough funds available before you stake LAVA on the Vulcan bank. You can check your cold LAVA holdings on this page on My Forge. The Vulcan bank will use your ‘cold LAVA’ stored on My Forge. ![]()
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