Welcome back everyone! It's your friendly neighborhood Stronghands Protocol Community Head, The DeFi Prince! I'm back with even more exciting news about some never before seen utilities on PulseChain! I am pleased to announce that we will be launching our very own vaults (yield optimizer/auto compounder) and fee-sharing NFTs on PulseChain! Get ready folks, because you cannot afford to miss what we are building!
Upcoming Vaults
Firstly, we are excited to announce that we are officially going to launch vaults in the near future! A vault, or yield optimizer or auto compounder, is essentially a pool that you can stake your LP tokens where the staking reward you get for farming those LP tokens is automatically sold and used to buy and stake more LP tokens in that same pool automatically! Furthermore, our upcoming vaults will feature pools from PulseX and other farms, will eventually expand to other chains and will compound at least once every 24 hours! Moreover, users will be able to earn a small bounty by calling the vaults to harvest, giving you all yet another way to earn! Did I forget to mention that we will have the lowest fees among all vault providers at only 0.1% for withdrawals?! If you are farming tokens on PulseChain, and want to maximize your profit and save on gas, you do not want to miss out on these vaults!
Finally, all the fees collected will go straight to our Treasury, which will eventually be distributed to all the products in our ecosystem (and to the investors of these products too) such as Token 3D, and especially our upcoming fee-sharing NFT collection! Speaking of which:
Upcoming Fee-Sharing NFTs
Secondly, we are happy to announce that we are launching our very own Stronghands NFT collection! The special part about these NFTs is that they will receive yield directly from our Treasury, meaning that you'll be able to get a portion of the fees collected from all our products (like our 3D contracts and our upcoming vaults) by staking your Stronghands NFT! The mint price of the NFTs will also DOUBLE every 10,000 mints (infinite supply), with the price starting at 500,000 $PLS (Around $50), and 90% of all mint funds going to the Treasury (which also helps pump Stronghands 3D and Token 3D) and 10% going to the team and marketing. There's never been a more stable way of growing your bags through the growth of our protocol! Furthermore, if you are lucky enough to mint a black Stronghands NFT, you will receive even more yield, and even more exclusive utility that we are going to share in the near future. To be specific, all staked Stronghands NFTs will receive 1% of the Treasury distributed equally among them every 24 hours, and the staked black ones will get an additional 0.3% of the Treasury distributed among them every 24 hours in a separate distribution! Moreover, holders of our old Degen Donny collection will be gifted 1 Stronghands NFT for every 5 Degen Donny NFTs they hold!
More to Come
Finally, we are looking at bringing yield farms to Stronghands, and we will let you know in a future article about their development, so stay tuned folks! You can stay tuned for more updates by joining/following us on our Discord, Telegram and Twitter, and comment what you'd like to see next!
As always, thank you for reading, this is not financial advice, do your own research and stay safe on the blockchain! I appreciate all your support! You guys can follow me on Twitter and on Medium. If you want to support me further and support the work I do on the Stronghands Protocol team, consider leaving a tip and following our socials, we really appreciate it!
