Our mission with Planet Finance is to have the best DeFi apps all in one place at the apex of high yields and low risk. Part of that mission is to curate the best opportunities and educate on why we’re adding specific vaults and cryptocurrencies to our ecosystem.
Starting today we’re launching the “Vaults Of The Week”. This means we’ll be highlighting one vault from each planet by doubling the rewards during the week for that vault. Monday’s will be Red Planet, where we’re selecting from the best crypto’s in the universe. Wednesday’s we’ll be selecting a vault from Blue Planet to offer stability mid-week when we need it most. Friday’s we’ll be ending the week with a bang by choosing a vault from Uranus to shine a spotlight on our shitcoin vault of the week.
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Wednesday, July 28th (Blue Planet):
BUSD: Binance USD (BUSD) is a new USD-denominated stablecoin approved by the New York State Department of Financial Services (NYDFS) that was launched in partnership with Paxos and Binance.
Current Market Cap: $12,226,407,896
USDC: USDC (USD Coin) is issued by regulated financial institutions, backed by fully reserved assets, redeemable on a 1:1 basis for US dollars, and governed by Centre, a membership-based consortium that sets technical, policy and financial standards for stablecoins.
Current Market Cap: $27,311,859,436
Current Multiplier: 1x
Boosted Multiplier: 2x
How does this vault work?
This liquidity pool originates on PancakeSwap. Funds in the pool earn CAKE. Planet Finance’s protocol converts the CAKE into BUSD-USDC & compounds it to help maximize growth on your deposit. Being in this liquidity pool enables you to earn trade fees every time someone trades BUSD for USDC or vice versa. On top of that, you earn AQUA from the daily distribution.
Friday, July 30th(Uranus):
DOGE: Dogecoin is a cryptocurrency that started as a joke in 2013. It is a satirical homage to bitcoin, designed to serve no real purpose other than generating a few laughs. Recently it’s been dubbed as Elon Musk’s favorite cryptocurrency.
Current Market Cap: $26,439,172,101
BNB: BNB is the cryptocurrency coin that powers the Binance ecosystem. As one of the world’s most popular utility tokens, not only can you buy or sell BNB like any other cryptocurrency, but BNB comes with a wide range of applications and benefits.
Current Market Cap: $52,217,362,169
Current Multiplier: 1x
Boosted Multiplier: 2x
How does this vault work?
This liquidity pool originates on PancakeSwap. Funds in the pool earn CAKE. Planet Finance’s protocol converts the CAKE into AQUA & that AQUA is claimable by clicking “claim boost”. Being in this liquidity pool enables you to earn trade fees every time someone trades DOGE for BNB or vice versa. On top of that, you earn AQUA from the daily distribution.
Monday, August 2nd (Red Planet):
AQUA: AQUA is a fair-launched uniquely scarce cryptocurrency built on Binance Smart Chain that acts as the governance token for the Planet Finance ecosystem. AQUA is designed to accrue value driven to it by the Planet Finance protocol.
Current Market Cap: $5,037,845
Current Multiplier: 10x
Boosted Multiplier: 20x
How does this vault work?
This liquidity pool originates on Planet Finance. This is one of the most important liquidity pools in the entire ecosystem. AQUA-BUSD enables the AQUA token & all other tokens to be tradable against BUSD. Being in this liquidity pool enables you to earn trade fees every time someone trades AQUA for BUSD or vice versa. On top of that, you earn AQUA from the daily distribution.
