Automated CONE Cream Pool
Last updated
Last updated
Now there are two delicious CONE-CONE cream pools for you to choose from: automatic re-injection and manual re-injection. Read on to learn more! Automatic CONE and Manual CONE Cream Pool
Both cream pools allow you to earn more CONE simply by staking CONE.
But there are some differences:
·You need to manually harvest or reinvest (re-stake, invest) the CONE rewards you harvest. In other words, you need to go back to the web page, click the button, and use a little BNB as a miner fee to perform the operation.
The interest rate will show the "annualized interest rate" (APR), excluding reinvestment.
When pledged, CONE tokens will be deposited in your wallet.
Stake your CONE, no more operations are needed afterwards! The CONE you obtained through pledge in the cream pool will be automatically returned to the pool (automatically re-stake as the principal).
The "automatic" re-investment function is triggered by other users, and they will receive a small bounty as an incentive.
The interest rate will show the "Annual Percentage Yield" (APY), including reinvestment income.
Whenever the cream pool is successfully reinvested automatically, a small amount of "performance fee" will be deducted from your harvest. See below for details.
Withdrawal within three days after the pledge operation, will be charged a depledge handling fee. See below for details.
No CONE tokens will be deposited in your wallet.
Pledge handling fee None
The unpledge handling fee is 0.1%, if you unpledge within 72 hours after the pledge.
Only charged within three days after the manual pledge operation。
After three days, you can unlock the pledge for free。
The fee will be charged in proportion to the actual amount of pledge released. For example, if you pledge 100 CONE, the fee is 100 * 0.1% = 0.1 CONE. Your remaining CONE in the pool will not be affected.
Every time more CONE is added to the pool, the three-day countdown will be reset and the calculation will start again。
The fee does not affect the automatic reinvestment, it only affects the manual depledge。
Performance fee 2%, which will be deducted from the amount of each automatic reinvestment。
For example, if the amount automatically harvested and reinvested this time is 1 CONE, then 0.02 CONE will be deducted as a performance fee.
After all the above fees are collected, they will all be destroyed in the weekly CONE destruction。
This is a good mechanism for CONE holders because it will reduce the number of CONE and help reduce inflation。
It's very simple: pledge your CONE. If you want to release the pledge, do it again after 72 hours. In this way, you only need to pay a performance fee in the profit, instead of paying a depledge fee.
Automatic CONE bounty: All automatic CONE cream pool pledgers, 0.05% of the amount of rewards to be harvested
Bounty is used as a reward for providing services to other users.
Every time you successfully claim a bounty, you also help everyone by activating the re-investment function of the CONE cream pool.
Please make sure that the value of the CONE bounty is greater than the value of the BNB miner fee you need to pay!
