Sweet Vaults
What are they?
Sweet Vaults are the latest innovation from the Pacoca Team, they are specially optimized to sweeten your rewards, helping you maximize your profits.
This is achieved by enhancing the current yield strategy to synergize with Pacoca’s existing pools. By doing so, Sweet Vaults can sustainably raise the APY of any pool and enable you to earn more from farming your favorite coins.
How do they work?
- The smart contract receives the original deposit from the user and deposits it to the third party platform Masterchef (e.g., PancakeSwap);
- The generated rewards from your initial deposit are automatically claimed and converted to $PACOCA;
- The $PACOCA rewards are deposited on the Auto PACOCA pool, giving the user a higher APY while protecting their principal.
The rewards are in PACOCA, isn’t this bad for PACOCA price?
The Sweet Vaults actually increase the value of Pacoca constantly. By converting the staked token rewards into Pacoca, endlessly adds buying pressure. The more TVL the Sweet Vaults accumulate, the sweeter your Pacoca gets!
FAQ
Are the Sweet Vault contracts audited?
The Sweet Vault smart contract is audited by a highly recommended auditor, Inspex. You can find the audit here.
How do the Sweet Vault fees work?
The Sweet Vault fees go as following:
- Withdraw fee 1% fee for withdrawals within 3 days
- Keeper Fee 0.5% on profits to keeper
- Platform fees 5% on profits to DAO fund
How did you Calculate the APY?
APY is calculated through this portion of our code:
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const getSweetApy = ({ stakedAPR, pacocaAPR }) => {
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const dailyStakingReward = stakedAPR / 36500
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const dailyPacocaReward = pacocaAPR / 36500
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let sweetAPY = dailyStakingReward
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for (const i of Array(364))
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sweetAPY = sweetAPY + sweetAPY * dailyPacocaReward + dailyStakingReward
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return sweetAPY * 100
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}
Copied!
This function accumulates past earnings and multiplies them by the daily Pacoca Auto-Compounding Vault APR and adds earnings from the staked asset (i.e. $CAKE).
Earnings Calculator
Instructions
- Copy this sheet to your account by clicking "File" -> "Make a copy". This will allow you to edit the sheet;
- Open the file you just copied;
- Edit ''Initial Investment'', ''Farm APR'' and ''Pacoca APR'' to suit your needs. To get this value, hover your mouse over the ''i'' of any vault on Pacoca.io;
- The sheet will automatically recalculate when you update the values mentioned above, you don't need to update any other cell.
Last modified 2mo ago