FAQ
How do you provide fixed yield?
You are selling the volatile part of the yield to other users who accept this deal. You can see current market terms in our UI/UX.
Fixed yield is provided thanks to technology called yield tokenization and creating a yield market where traders express their expectations about the yield of these protocols. Basically, in this market you're selling your volatile yield part to the market through our AMM and receive fixed yield in return. Your volatile yield is taken by other players because they find it beneficial.
Should I lock my tokens?
No, your assets are always available and can be swapped through FIVA. However, by holding PT tokens, you fix your yield until maturity. While you can exit earlier, the value will be determined by the market price at the time of the swap.
For fixed yield (PT) it means that the rate can be different from the fixed one you receive when opening (to receive fixed yield you need to hold until maturity). And you can encounter slippage (after maturity there is no slippage for PT).
Why is yield higher than in other protocols?
FIVA prices in future points and airdrops anticipated by the market. Usually projects that boost their rewards have higher yield on FIVA since traders buy volatile part (YT) at higher prices - creating a good opportunity to fix the yield (PT).
So answering the question: because of yield tokenization technology and creating yield markets, FIVA's AMM prices in future airdrops and points - this way creating an interesting fixed yield opportunity.
How can I farm more point?
Usually to farm points you need to lock some tokens (principal) to generate these points. But in FIVA you can just buy the rights to receive points without locking capital. Because other players (LPs) already locked capital to generate the points. And you can just buy this right for the points from them.
This way you farm points really efficiently, because you don't need to lock money to generate points but just buy them from people who already did it.
EVAA USDT farming comparison:
Standard farming: 1 USDT deposit = 1 EVAA point per day
FIVA YT farming: As little as 0.01 USDT invested = 2.7 EVAA points per day
To sum up: thanks to yield tokenization technology and FIVA's AMM you can buy rights for the points from other users, without need to lock money - that gives you up to 100x more efficient farming.
What is maturity?
Maturity is the date when you receive fixed yield and can redeem it from PT, and the date until which you farm points and receive yield from YT. After that date YT is worth 0.
Also for traders it is the date until which they try to estimate the yield fluctuations and trade properly. For LPs it's the date when they will have no IL and pool stops generating trading fees (so they need to migrate).
Why is YT price 0 at maturity?
At maturity, YT tokens stop generating yield because the yield period has ended. Since YT represents future yield rights, once there's no future yield to claim, the token has no value. All the yield has already been distributed to YT holders during the period leading up to maturity.
Do you have audits?
Yes, we have 2 audits. From Trail of Bits (most recognizable and respected company that provides audits for TON FunC smart contracts, operating from 2012) and TonBit.\
Trail of Bits Audit Report → [link] TonBit Audit Report → [link]
What do I receive for LP?
Basically your idle yield generating assets like tsTON or tsUSDe start working and generating more yield from trading fees and incentives from FIVA. Also you don't have IL. So you have additional yield with top security.
By providing liquidity, you earn:
Swap fees generated by the pool
FIVA protocol incentives
Rewards emitted by the underlying asset (e.g., tsTON, tsUSDe)
How do you eliminate impermanent loss?
FIVA's AMM design mitigates impermanent loss (IL). After maturity, PT can be redeemed to underlying without any slippage and with any volume, so this way at maturity your LP consists of underlying tokens. Since the value of PT and underlying tokens (like tsTON, tsUSDe, stgUSD) converges at maturity, IL is effectively eliminated at that point. While there may be small fluctuations before maturity, the impact is generally low, as the prices of both assets in the pair will equalize over time (read more).
What are the risks?
FIVA involves several types of risks:
Smart contract risks: Potential bugs or vulnerabilities in FIVA's contracts
Underlying protocol risk: Risks from third-party protocols we interact with
Centralization risk: Dependencies on centralized components
More detailed information available in our Risk section → and Audit Reports →.
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