Vaults
Vaults
Vaults are the backbone of many of the features that BankerDoge offers. A vault is a place where users are able to deposit their tokens in exchange for a reward. BankerDoge is able to customize each vault to the requirements of the project, so every vault fits perfectly for the holders. You can find our current vaults at app.bankerdoge.com.
Price Benefits:
Token Time Locking: Time locked tokens decrease sell pressure and build a solid price floor by decreasing the supply in the supply/demand formula.
Stronger Price Increases: Decreased supply means that prices will raise even faster when new users buy in.
Sell Resistance: Time locking helps resist negative price movements especially when the market is fluctuating.
Financial Benefits:
Project Funding: The adjustable admin fee on our vaults can generate ongoing income for your project.
No In-House Development Costs: Building a staking system yourself is costly and time-consuming. Our vaults save you all that hard work, allowing you to focus on other aspects of your project.
Technical Benefits:
Instant Token Utility: Our Vaults add utility and a new use case to existing tokens immediately. This utility makes your token more appealing to new investors.
Custom Vault Contracts: Our vault contracts are built to suit the specific technical needs of your project. Take a look at our existing vaults to see some of the custom solutions we create that no one else provides.
Smart Contract Security: Testing and external audits are crucial to all DeFi projects. All of our vault contracts undergo 3rd party security audits on a regular basis.
Community Benefits:
Diamond Hand Rewards: Locking bonuses and vault fees reward long term holders. This leads to more confidence in the project, which in turn leads to more long term holders.
Social Proof: Locked tokens clearly demonstrate the community’s commitment to the long term vision of your project. APY, TVL and clear rewards also demonstrate legitimacy.
Community Engagement: Staking provides holders with a use case for their tokens which will help them stay engaged with the project and community.
Exciting News: Crypto projects need to show constant growth and development to remain relevant. Staking vaults work as an excellent piece of news to keep your community excited and engaged!
Our team makes it easy to build a vault for your project! Simply fill out this form, and our team will reach out to you to review details, provide a quote, and get started.
Vault Features
Staking
The basic staking vault allows users to participate in the vault in exchange for tokens. Stakers get rewards proportionate to the share of the staking pool that they own. For instance, a staker who is 10% of the staking pool will receive 10% of each reward distribution.
Reward pools can be funded several ways, including:
- Entry and exit fees
- Tokenomic contributions
- LP funds
- Airdrops
- And more!
All of our vaults support tokenomics, so your holders can still earn rewards from transactions while they are staked in the vault.
Time Locking Tokens
Outside of basic staking, BankerDoge also offers the time locking in two forms: voluntary and required.
- In voluntary time locking, users can choose to stake with unlocked tokens which can be unstaked at any time, or with locked tokens. The locked tokens are committed to the vault for an amount of time chosen by the user, and in exchange the user gets a bonus to their rewards.
- With required time lock, users must commit their tokens to the vault for a certain amount of time in order to be eligible for rewards. The bonus for longer lock times is still available.
For example, a vault might exist where users must stake their tokens in order to be eligible for rewards, and can get a 0-5% bonus to those rewards depending on how long they lock their tokens for.
Customizable Vault Requirements
Each vault has a variety of requirements that can be customized by the project through the use of an admin panel. This includes fees on entry and exit for
- Rewards Pool
- Early Withdraw Fee
- Charity
- Burn Wallet
- Admin Fee (To go to your team)
- Automatic Buyback
There are several more features and options that the vault can use to perfectly fit your needs!
Admin Panel
Each vault will have an administrator panel, allowing the project developers access to change certain options and to look up relevant information. Through the admin panel, you can:
- Distribute rewards
- Contribute additional rewards
- Look up wallet stake status
- Adjust select fees
Future Vault Types
We have several vault types planned for development, including:
- Lossless Lottery
- NFT Lottery
- Lending Vault
We are always looking for ways to innovate and improve the platform! If you want to see a new kind of vault, please suggest it here.
