What is $CHEST?
$CHEST is a Solana DeFi protocol that provides Yield Booster Chests. Each Yield Booster Chest allows stakers to earn passive APY by simply staking. It’s that easy. Underneath the yield boosting hood lies various financial strategies including but not limited to covered calls, and put selling options. But don’t worry, let the chest engine run those for you.
In the coming days, Chest plans to introduce multiple strategies and partnerships aimed to maximize the capital efficiency for $CHEST stakeholders.
What is $CHEST’s vision?
Their first goal is to launch Solana’s premiere passive Yield Booster Chests. However, beyond that, Chest aims to innovate in the space and continue to introduce new products allowing stakers with different risk appetites to earn yield!
Chest also plans to partner with the largest protocols on Solana to provide them passive yield boosts on their treasury. Chest will enable continued sustainable treasury growth for DAOs without diluting token owners.
Staking will open this weekend. You will have an opportunity to freely deposit to and withdraw from the Yield Booster Chests until Monday, and then the first Yield Booster Chest will go live!
Afterward, the funds will be available for withdrawal every Monday when the vault will be rolling over its options to the next call(Don’t worry you can schedule your withdrawal ahead of time)