VAULT PASS
A Decentralized High-Yield Staking Platform
Project Inverse continues to evolve. First, in April of 2021, we launched the INVERSE platform. With this DeFi protocol, Users could earn rewards of up to 300% (in 24hrs or less), for staking the XIV token in vaults that track popular coins. INVERSE allowed those who speculated correctly on the direction of the asset being tracked to earn several times their XIV staked. Through several iterations, the INVERSE (V3) platform continues to gain an ever greater following.
Following the successful launch and continued growth of INVERSE, the team is here to announce that we are on the cusp of introducing yet another highly innovative protocol to the world.
WHAT IS VAULT PASS?
In the coming weeks, Project Inverse will unveil Vault Pass, a decentralized, high yield staking platform. Vault Pass combines the best of what we love about rebase tokens with a simple prediction market platform.
STAKING + PREDICTION MARKETS?
At baseline, Users earn yield by staking PASS, the protocol’s native token. Based on the Epoch Percentage Reward (EPR), Users accumulate vPASS whose value is equivalent to the PASS token. Every 8hrs, a period known as an epoch, stakers are rewarded with vPASS tokens. Percentage yields during the 8hr epoch may range between 0.5% to 0.75%, which is equivalent to 500% to 750% APR (Annual Percentage Rate).
In addition to these baseline rewards, users may earn a Daily Bonus of up to 15% (or 5000% APR). Bonuses are awarded after 3 consecutive epochs trending in the same direction.
*Image above represents a mock-up of the the platform when the user decides to track assets moving in an Upward trend.
The platform allows users to track the direction of a single asset from a selection of popular coins. After 3 consecutive epochs, if the asset selected has maintained the desired trend by moving 1% or greater in the same direction, the user is awarded the Daily Bonus.
*Image above represents a mock-up of the section of the platform when the user decides to track assets in a downward trend.
HOW DO I GET ‘PASS’?
A portion of the initial batch of minted PASS tokens will be available on the Pancake-Swap DEX. These tokens will be listed on Pancake Swap as part of our fair-launch. PASS tokens will also be available at variable discounted prices through a bonding mechanism featured on the protocol. By bonding and relinquishing certain assets such BNB and XIV-BNB, Users receive PASS at a significantly discounted price from the current market rate. Users may then stake these newly obtained PASS tokens to earn the baseline and the bonus yields.
*The image above represents a mock-up of the bonding section of the platform.
XIV + VAULT PASS
XIV is integral to the Vault Pass platform. As indicated earlier, XIV-BNB LP tokens may serve as bonding instruments on Vault Pass. Users may “bond” these tokens on the platform which are then sent to the treasury. In exchange, Users receive significantly discounted PASS tokens which can be staked on the platform.
REVERSE BONDING: Vault Pass also allows for Reverse Bonding with XIV. Users who earn vPASS tokens via Vault Pass may swap these tokens for discounted XIV tokens.
TREASURY + INVESTMENTS
A portion of the assets obtained by the platform through its bonding mechanism, will be invested in other protocols, projects, and assets. These investments are intended to grow the treasury and further strengthen the PASS token. As the Project Inverse community continues to grow, decisions as to when and where to invest this portion of the treasury will be put to a vote.
XIV BACKING: A portion of the liquidity obtained by the protocol will go towards backing the value of XIV. This way, we hope to ensure that the value of XIV will be maintained above a certain threshold and will not fall below the collective value of the assets backing it.
THE ECOSYSTEM
Vault Pass is another major pillar in a complex of interconnected DeFi platforms built by Project Inverse. Our ultimate vision is to create an ecosystem of interoperable protocols powered by two dynamic and complimentary utility tokens. With these interactive systems, our goal is to maximize opportunities for our users to earn significant yield and gains.
As always, to our community, whose unyielding support is our most valuable resource, we thank you.
The Project Inverse Team
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