Introducing bEarn’s PolyVault!

bEarn is excited to announce that the yield-optimizing protocol is now fully supported on Polygon — marking it the 3rd blockchain to be integrated into our platform in addition to Binance Smart Chain (BSC) and Ethereum blockchains!

The integration with Polygon was first revealed in their recent announcement, along with the plan to add new vaults and liquidity aggregation of Polygon DEXes. With the Polygon integration now complete, we are riding on the wave to enable greater cross-chain capabilities between bEarn and the hottest 🔥 Polygon ecosystems

PolyVault — bEarn’s Vaults on Polygon

bEarn is dedicated to continuously providing more vaults with the best yields to users, regardless of blockchain. The upcoming integration with Polygon means new vaults from the blockchain ecosystem will be added to our yield optimizer on Polygon called PolyVault, allowing users to enjoy some of the best compounding strategies on Polygon LPs at the lowest fees. The following vaults will be the first to launch:

• Top pools with high TVL
• Vote by the Community
• Partnership

To ensure a variety of options, bEarn will continue to monitor platforms within the Polygon ecosystem and deliver more vaults in the coming days! And at the later stage, the Community can decide on which vault to be added next, via a vote.

What makes PolyVault different?

PolyVault offers double rewards or even triple (more details to be updated) rewards for LP holders, apart from the high APY on each Vault and the token harvested.

The system utilizes the following auto-compounding vault strategy:

93.1% of profits will be used to compound users LP tokens

• 50% to purchase USDC or MATIC
• 50% to purchase X token in the appropriate pair

6.9% profit for performance fee

• 3% to buy back $PVI and distribute among $PVI pool stakers
• 3.9% to Eco profit and will be distributed among: bPower, bStake and Boardroom stakers. Ratio to be updated at a later stage.

ZERO fee: Harvest, deposit, withdraw

Key Features:

• Withdrawal time lock: Every deposit will lock up withdrawals for 5 minutes
• After 5 minutes: No time lock for partial withdrawal or full withdrawal
• Early withdrawal before 72 hours: will be charged 0.69% fee (Deposit amount)
• Withdraw fee: 0–0.5% depending on Vault strategy
• The extra rewards can be claimed anytime (no lock-up)
• Multi-reward

Note: Above features could be changed over time to adapt to development

PolyVault tokenomics

Token ticker: $PVI

Chain: Polygon

Contract address: https://polygonscan.com/token/0xC9C0159644d3789EceB4f8cdfcF99C7605AE505c

Max supply: 1,000,000 $PVI

IDO amount: 100,000 $PVI

• Users can purchase $PVI with ETH, USDC, MATIC and, BNB (receive 40% immediately and 30% (each month) in the next two months
• IDO price: $10 per $PVI

Provide liquidity and Reserve funds: 100,000 $PVI

• 50% to provide liquidity and will be locked for 6 months
• 25% to Operation fund
• 25% to Reserve fund to buyback $PVI and burn

Emission rate: 800,000 $PVI to be minted in 2 years with details as follows:

• Team: 15%
• Marketing: 7.5%
• Insurance: 2.5%
• Reserve fund: 10%
• Incentive: 65%

bEarn IDO

Another piece of #SUPA exciting news users can expect this month is that we will hold IDOs on both #BSC and #Polygon. The IDO on BSC will be held on bDEX.Fi, where users can buy the token PVI with BNB. We will introduce new features for IDOs held on Polygon so that users can also buy IDO tokens using ETH, USDC, MATIC and add LP on Quickswap, one of the biggest Automated Market Makers (AMM) on the Polygon network.

Timeline

• IDO: 08:00 UTC July 27th, 20201— https://www.polyvaults.fi/
• Block countdown: https://polygonscan.com/block/countdown/17316969
• PolyVault: 24 hours after the IDO ends

We will be sure to provide further details about the IDO process when it is closer to being ready for delivery. As usual, we are hard at work to move the ecosystem forward and bring the best opportunities to our awesome community! 💪

The integration with Polygon marks just one of the many goals we have moving forward in 2021 — significantly improving our cross-chain capabilities. Keep an eye out for more announcements as we add more new vaults, more boosts and integration to bring the magic 💫 of DeFi to our community!

Get ready for countless exciting news to come

🔥 bEarn’s roadmap revival

⚽️ Sports Betting

💸 Compensation update

🐸 bPepe (NFTs market)

🎟 bLottery V2

🤝 More partnerships

🥇 More community campaigns

About bEarn Fi

bEarn Fi is a cross-chain product in Decentralized Finance (DeFi) that at its core provides yield generation, algorithmic stablecoin, gaming aggregation, cross-chain bridge, cross-chain sports betting, treasury, lending, DEX, yield calculator, lottery, NFTs and governance on multi-chain: Binance Smart Chain blockchain (BSC), Ethereum blockchain and Polygon.

SOURCE: https://bearn-defi.medium.com/introducing-bearns-polyvault-5472cae2ecfa