Vaults
Last updated
Last updated
Vaults are a unique feature brought by Position Exchange allowing users to stake their single assets and generate rewards. By staking tokens into the vaults, users can save up time and network fees while auto-compounding their rewards every 24 hours. Currently, The platform offers 2 vaults: The BNB Vault and The BUSD Vault.
Vaults are a unique feature brought by Position Exchange allowing users to stake their single assets and generate rewards. By staking tokens into the vaults, users can save up time and network fees while auto-compounding their rewards every 24 hours. Currently, The platform offers 2 vaults: The BNB Vault and The BUSD Vault.
As you may know, Farms and Vaults have always been the same thing. The BUSD Vault is running through the BUSD-POSI farm and the BNB Vault is running through the BNB-POSI farm. For more convenience, we have decided to Merge the Farms and Vaults into one single platform called BUSD Auto and BNB Auto to make it easier for users. Enjoy the auto-compounding magic with a high and stable APR while providing liquidity and supporting Position Exchange.
When staking to farm auto, it will split token into LP, stake LP, and then auto compound rewards. Eg: stake $1,000 BUSD will be split into POSI and BUSD and wrapped into LP tokens and will automatically stake to POSI-BUSD farm in one single transaction. And then automatically compound rewards every 24 hours.
Step 1: Go to the Farms tab on Position Exchange.
Step 2: Click Approve Contract button to approve staking LP token or BUSD
Step 3: Click Stake button in your preferred farm
Step 4: Read and acknowledge the risk warning related to the impermanent loss
Confirm this message.
Step 5: Choose your stake option
Step 6: Enter the amount you would like to stake and confirm the amount. Confirm the action in your wallet.
Congratulations you have staked your tokens into the Farm Auto.
You can Stake more tokens or Unstake anytime by clicking on the Stake, Unstake buttons.
Your rewards will be compounded every 24 hours make sure you hold your profits in the vaults to enjoy the magic of Auto-compounding!
Q: How to migrate?
A: First withdraw your LP tokens from Farms, then you can migrate on the Farm Auto.
Q: The Farms page is showing a Javascript error message, what can I do?
A: Make sure you have the latest version of your browser. After doing an update, the error will be gone.
Q: What is bounty and how to claim it?
A: To make the auto-compound actually work, you have to trigger the function on the smart contract. This function can be triggered every 24 hours but must be performed manually. The lucky first person who can manage to claim that bounty triggers the compound function of the contract and gets rewarded with POSI for doing the job.
Q: The Farm Auto rewards calculator is not correct.
A: Actually it is. The daily and weekly income is shown in $ while it is actually calculated in POSI. So if a $100 amount is giving a daily income of $2.19, it is actually 2.19 POSI per day. If unsure, simply click the calculator Icon, get the ROI per day, and to the Maths manually to get your $ reward value. Example: $1000 * 0.0677 = $67.70 per day in rewards.
Q: I staked 1,000 BUSD into Farm Auto, why my value is decreasing?
A: Even if you stake BUSD you still provide liquidity. This means, your $1,000 BUSD will be split into POSI and BUSD and wrapped into LP tokens, and will automatically be the contract in one single transaction. If the price of POSI goes down, then you suffer impermanent loss and the overall value of your staked LP (BUSD) will decrease as well. It is not different from Farms. The benefit of Farm Auto is, that you can automatically reinvest every 7h to increase your stake.
