Earn

The Earn page is where you can find all of our offered vaults.

The current APY (annual percentage yield) will be displayed next to each token, indicating your expected growth rate per year.

It will say "deposited" under the APY if you have a position in the vault.

Once you tap a vault, you can expand on this page to find more information about the token.

Note that the price reflects the price of the underlying LP token & not the token price (which isn't applicable here since the LP is made up of two tokens for most vaults).

Once you click "Deposit," you can select between "HONEY" and "BERA" for your deposit token. You can then type in the amount you want to deposit, or just select "MAX" (for maximum BTX points) & then deposit.

You can see the all the cool things we do for you as they happen in real time. Then just return back to the dashboard to see your shiny new staking position, as well as the transaction history log where you can see everything you've ever done (... on BeraTrax I mean).

To withdraw (which obviously you'll never do), you can tap the vault again on the "Earn" page, and select the newly available "withdraw" option (because we are legally required to offer it). Fees & Impermanent Loss Disclosure: Currently there are no fees from BeraTrax for deposits & withdraws. In the future, in order to fund our BeraTrax flywheel, there is a 0.69% fee. When implemented, all fees will be used to bribe validators to get you guys BGT form You can learn more about it here: BGT Flywheel. Only on vaults where we auto-compound the rewards, there is a 10% of the earned APY (so if APY is 30%, that would be 3% of it). The displayed APYs already have the fees calculated in. Our auto-compounding will still lead to a much higher APY than the underlying vault, even with our fee in place. Finally, if the underlying protocols charge fees of their own, it will also be deducted. They are expected to follow the best practice of removing the fee from the APY itself. Keep in mind that there is also the chance of impermanent loss if the price of the assets in the LP diverge. This loss becomes permanent upon withdrawal. Impermanent loss does eat into APY, but generally pools earn significantly more in rewards than they lose to IL over time. To learn more about it, read this from Binance Academy.