Learn how to use Yield Aggregator FastYield.app and earn 220% APR on BTC-ETH LP Pairs.
What is Fastyield?
Fastyield is a yield optimizer, which enables yield aggregation for holders and users of FAST token.
To facilitate automation of the yield farming and the process of compounding, Fastyield uses vaults. Vaults also enable a more efficient utilization of gas, as well as other automated processes, and use different yield strategies to help users grow their asset through automation.
Fastyield has an optimal compounding strategy with an efficient pricing model, designed to encourage long-term yield farming and provide appropriate incentives for long-term holders.
Thanks to the automation factor in the process of yield generation and compounding, users don't need to manually reinvest their staking rewards, but can rely on automated asset growth by simply making a deposit into a Fastyield vault. FAST holders also don’t need to have extensive knowledge of the underlying protocols that support automation and yield optimization, while depositing funds to vaults represents a passive investment strategy.
Fastyield rewards its users with FAST token. This additional layer of interest further accelerates returns.
The goal is to increase the initial value of assets deposited by users, similar to how crypto hedge funds work, with minimal involvement on users’ end.
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Create LP with ZAP feature
Building LP is quick and easy using the Fastyield ZAP feature.
All you need to do is select the single asset you want to use to build liquidity and select the LP token you wish to build. The smart contract will automate the LP building process, saving you time and gas fees.
The contract automatically swaps your selected single asset to the required tokens and adds them to your selected liquidity pool. All in one transaction!
Fastyield vault fees:
Fastyield charges a small withdrawal fee to help prevent front-runners and vault jumpers. All fees collected will be used for marketing and to fund further development of the protocol.
Withdrawal Fee: 0.1% This fee is calculated on the total withdrawal amount.
Performance Fees: 4% total performance fees on every harvest:
Buy Backs: 2% of every harvest is used to market buy FAST, which is sent to the Burn address.
Marketing/Dev fund: 1.8% of every harvest is sent to the marketing and dev fund.
Caller: 0.2% of every harvest is sent to the contract caller to compensate the gas used for the transaction.
ZAP fee: 0.05% fee for creating LP with ZAP feature.
Fast Tokenomics
FAST maximum supply cap: 856,864
FAST total pre-mint: 100,000
Presale: 60,000
Initial Liquidity: 20,000
Marketing/Development: 20,000
How to deposit into FastYield Vaults
Head to https://fastyield.app/vaults to get started
After you've acquired the desired LP, you can now deposit into our Fastyield vaults.
There are no deposit fees for any of our vaults.
First, head to the page. Select the vault in which you wish to deposit LP.
Enter the amount of LP tokens, or click max.
Enter amount, or click max
2. Click deposit and confirm the transaction.
Click deposit
Confirm transaction
3. Once the transaction processes, you have now deposited in the vault and are earning FAST rewards. Easy!
How to Harvest in Vaults
Head to https://fastyield.app/vaults to get started
Now that you have deposited onto one of our vaults, you will start earning FAST rewards. We'll show you how to collect your pending FAST tokens in this quick guide.
There are no lock periods on any of our vaults. Harvest any time.
First, head to the page. Select the vault in which you deposit LP.
Click harvest.
Click harvest
2. Confirm the transaction.
Confirm the transaction
3. Done! Your FAST rewards will show in your wallet once the transaction completes.
Risk and Rewards:
There is very little impermance loss with Bluechip token with respect long term play of holding ETH and BTC where I want to hold both tokens. There is always smart contract list associated with Yield aggregators on top of the LP token holding DEX. This is a long term play for me to increase my holdings of ETH and BTC. In term of fastyield on DefiSafety score there is no score. It is a very new platform to have a score. There is risk in terms of Smartcontract exploit risk.
