PolyZap Finance’s ZAP Vault Will Rise This Week Together With ZAP Burning Vault

An Automated Market Maker (AMM) & Yield Farm on Polygon Network, PolyZap Finance is thrilled to announce the launch of the new Zap Vaults with $PZAP burning this week! The vaults are another investment opportunity, and strategy that the platform can utilize to combat sell pressure and promote $PZAP price stability and growth. They are also a great benefit for $PZAP holders, as the vaults continuously burn PZAP tokens, which helps fight inflation.

CURRENT INCENTIVES FOR PZAP HOLDERS

• PZAP token holders get no deposit fees on PZAP farms and pools, reduced Harvest Locks, and receive the highest farm interest allocation.
• Zap Pools — earn more PZAP by staking your tokens in the PZAP pool.
• Zapper Hub — stake PZAP to earn other tokens, like MATIC or USDC.

ADDITIONAL PLANNED INCENTIVES FOR PZAP HOLDERS

• Initial Farm Offerings (IFO) — vetted partner project offerings, where you can stake PZAP / LP to buy new project tokens, often at a discounted cost.
• PZAP the PolyZap token will eventually be the governance token of the PolyZap protocol, and in the future holders will get a profit share of DEX fees.

Zap Vaults or Auto-compounding Vaults

For investors, the vaults simplify staking and compounding, as after adding their chosen LP assets, the vaults code takes cares of the rest. Also removing the hassle and costs associated with doing multiple manual transactions daily.

ASSET TO BE ADDED TO ZAP VAULT ON LAUNCHING:

• ETH-MATIC
• USDC-USDT
• MATIC-USDC
• ETH-USDC
• MATIC-QUICK
• USDC-DAI
• DAI-USDT
• WBTC-USDC
• USDC-QUICK

ZAP VAULTS KEY POINTS:

• On PolyZap there are no vault deposit or withdrawal fees for investors!
• A 4.5% performance fee from the rewards is used to buyback and burn $PZAP continuously.
• The vaults are auto-compounded every 5 minutes, which means there is a constant buy pressure, which will help to stabilize the PZAP price.
• Annual percentage yield (APY) — takes the frequent compounding into consideration as a yearly compounded calculation.
• Daily interest percentages(Daily) — show the interest rate calculated in real-time.
• The total amount invested (TVL) — shows the value of all investors funds that are currently staked within the vault.
• Code for the vaults was forked from the PolyCat vaults code, then modified and improved for PolyZap. The code has been audited once already, by Obelisk.
• Another code audit is also planned for the modified PolyZap vaults code, to give investors additional confidence and security.

INFO ABOUT ZAP BURNING VAULT

These dedicated burning vaults will be used mainly by the PolyZap team to stake a % of the fees gathered from the DEX and Yield Farm. The benefit here is that they are able to constantly compound the staked LP, buyback PZAP with the profits and burn it. As TVL (Total Value Lock) in the vaults increases, so does the buy pressure. This should over time help to combat the daily sell-off’s for the $PZAP token.

Moreover, if investors want to help PolyZap grow faster they can also stake some LP in the 100% Burning Zap Vaults. They won’t make any profits as such compared to the normal vaults, but they will be doing a great service to PolyZap, and PZAP. The team behind PolyZAP, are also considering an additional reward scheme for investors that decide to support the platforms growth in this manner.

ABOUT PolyZAP
PolyZap is a Next-gen Layer 2 DEX and Yield Farm. Trade with low cost at lightning-fast speeds with close-to-zero gas fees. PolyZap has fixed supply, unique burning mechanisms and on-chain referral program on Polygon Network.

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