Adamant Finance New Adamant Furnace And Partnership With Gravity Finance
Introducing the Adamant Furnace!
The Furnace allows users to smelt their ADDY to earn an Adamant partner’s asset.
Smelted ADDY is sent to the locked ADDY staking contract and then distributed to those that are in the new locked contract. In return, users who smelt their ADDY earn a ROI percentage in the form of the partners asset.
Our first official partner is Gravity Finance. The Gravity team has provided 4 million GFI so ADDY smelters can be rewarded GFI over the next 30 days.
Adamant partnership with Gravity Finance and they are starting it off by boosting both the GFI/WETH and GFI/USDC Vaults!
How To Use The Furnace
-Go to the ‘Furnace’ page
https://adamant.finance/furnace
-Find the Gravity dashboard
-Here you will find the return on investment percentage (ROI), what exactly you will earn (GFI), how much you have smelted (User Smelted), and the Total ADDY Smelted.
-Upon opening the dashboard, the options to ‘GET ADDY’ from QuickSwap and ‘SMELT ADDY’ will appear. Also, note the amount of time remaining until the rewards end is displayed.
-Click ‘SMELT ADDY’, ‘APPROVE TOKENS’ and confirm in MetaMask. After the confirmation transaction, you can now ‘STAKE ALL TOKEN’ or manually enter amount and stake that amount.
By entering these pools, you understand and agree that 100% of your deposited ADDY will be burned and smelted into the reward tokens over the remaining duration of the pool. Smelted ADDY is distributed to users in the locked ADDY staking contract. Be mindful that a “breakeven” ROI is 100%.
About Gravity Finance
A first-in-class governance token with true intrinsic value. GFI is backed by an ever-growing amount of bitcoin. A DeFi backed by Bitcoin. DeFi with automation in mind , Gravity removes the manual & repetitive tasks from DeFi. Every process has been designed from the ground up with automation in mind.
About Adamant Finance
Adamant is a yield optimizer vault that provides users with an easy and safe way to automatically compound their tokens on the Matic/Polygon network and maximize their yields. Adamant currently has over 150 vaults for Quickswap, Sushiswap, and other leading platforms on the Matic/Polygon network.
