Adamant

Adamant

ADDY
$0.23445%5.96

Key Metrics

Price$0.23445
Real Volume (24H)$73.25
MarketcapN/A
Fully Diluted ValuationN/A
ATH$86.5
ATH Date5/8/2021, 5:00:43 PM
ATL$0.12261
ATL Date11/22/2022, 7:31:02 AM
Circulating SupplyN/A
Total SupplyN/A
WebsiteN/A
WhitepaperN/A
Popularity RankN/A
Chart
What is Adamant?

Adamant Finance is a yield optimizer platform designed to provide users with an easy and safe way to maximize their yield farming income. In this article, we will explore how Adamant Finance works, its benefits, and how it can help you earn more from yield farming.

Yield farming is the practice of providing liquidity to DeFi (decentralized finance) platforms and receiving rewards in the form of tokens (farming rewards). Platforms like Sushiswap and Quickswap offer rewards to farmers who provide liquidity on their platforms. By claiming rewards often and compounding them into their deposit, farmers can maximize their yield due to the power of exponential compound interest.

However, the process of compounding can be tedious, especially when staking on multiple platforms. It can also be challenging to know the optimal frequency and timing of when to compound and reinvest your yields. Compounding may also be quite expensive, with high gas fees on the Arbitrum network, costing farmers thousands of dollars in gas fees over the course of a year.

Adamant Finance's vaults automate the process of compounding, allowing farmers to reduce gas costs, avoid the tedium of manually compounding, and maximize their yield. With over 100+ vaults for Quickswap, Sushiswap, and other leading platforms across multiple chains, users can deposit their assets into Adamant's vault contracts. These contracts then automatically compound harvested reward tokens into more of the deposited asset up to 1000+ times each day.

Despite what the term 'Vault' suggests, your assets aren't locked; you can always withdraw at any time. While staked in a vault, you remain 100% in control of your assets.

ADDY is the native token of the Adamant Finance platform on Polygon and provides value for liquidity providers, farmers, and token stakers. Users can earn ADDY by using the vaults or by buying it on Quickswap. For every 100 ADDY minted, 15 additional ADDY will be minted to the developer fund to ensure rapid innovation.

ADDY is mainly minted based on the profit generated through performance fees from Adamant's normal vaults. 300 ADDY are minted for every 1 ETH earned in performance fees. The initial supply of ADDY is 100,000 tokens. Up to 50% of the performance fee will be used to buyback ADDY to form Protocol Owned Liquidity (POL). The rest of the performance fee, after protocol expenses are paid, is distributed as the native chain's token (ex. WMATIC) to users with staked ADDY, vested ADDY, or locked ADDY in the fee distribution contract. The ADDY token does not have a maximum supply, but the emission rate of ADDY will significantly decrease over time. In addition, since ADDY is minted based on the profit generated through performance fees, this limits inflation during periods of low revenue.

Both staking ADDY and locking ADDY allows users to earn profits generated from Adamant's vaults. In addition, locking ADDY also boosts the amount of ADDY earned by up to 100% for most of Adamant's vaults and allows users to participate in the governance process of Adamant. Adamant platform tokens on other networks fulfill the same purpose as ADDY on Polygon, so almost all documentation will cover all Adamant platform tokens unless otherwise stated.

adMESH is a unique token that offers users an easy way to earn maximum yield from staking their MESH without locking their capital. By depositing MESH into Adamant, users receive tokenized vMESH, adMESH, at a 1:1 ratio. adMESH can be freely swapped for MESH, and the token address is 0x791e974FD87c8d0BCAa9aa253ff4591A5957127c. The adMESH/MESH vault strategy automatically buys back adMESH if it falls below the peg, ensuring that there is no inflationary death spiral. Adamant uses its voting power to boost MESH rewards for the adMESH/MESH pool, maximizing staking rewards for users. Additionally, Adamant participates in Meshswap governance, aiming to maximize user yields.

In conclusion, adMESH provides a unique opportunity for users to earn maximum yield from staking MESH without locking their capital. With its tokenized vMESH, adMESH, users can easily swap tokens and participate in Meshswap governance. Adamant's automatic buyback feature ensures that there is no inflationary death spiral, and its voting power boosts MESH rewards for the adMESH/MESH pool, increasing staking rewards for users.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.

Try for Free

Top Assets

AssetPrice24HMcap
Loading...

We use cookies for personalization, social media, and analytics, and share usage data with partners.