💯Yield Accounts
Earning Crypto Through Yield Accounts
Unlock the full potential of your cryptocurrency holdings by diving into the world of Yield Accounts on TheStandard.io. This innovative feature amplifies your earning capacity and seamlessly integrates with the broader ecosystem of DeFi borrowing and liquidity. Here’s a step-by-step guide to enhancing your crypto portfolio through Yield Accounts using TST (TheStandard Token) and EUROs.
Acquiring TST and EUROs
Firstly, ensure you have TST in your possession. It's a straightforward process using the DEX interface directly on the yield page. TST is not just a token; it's your ticket to a more lucrative crypto journey.
To Acquire EUROs you can go two ways.
Lock collateral up into TheStandard and borrow EUROs for 0% interest.
Buy EUROs from a dex like Ramses or Camelot.
As we grow, all crypto routers should be able to find EUROs and TST for you so you can easily swap into it through the meta mask swap or any other wallet interface.
Navigating to Yield Accounts
Click on YIELD ACCOUNT in the top navigation bar of TheStandard.io. This is where your journey to earning begins.
Secure your TST. Remember, it’s essential for the next steps, so ensure you have it ready.
loading TST and EUROs into your yield account
For optimal returns, stake an equal amount of TST and EUROs. Imagine you wish to stake 2000 EUROs; you should also stake 2000 TST. This balance is crucial for maximizing your earnings potential.
Note: If you've deposited 25K EUROs into yield accounts but only have 1K TST staked, the system will limit its utilization of your EUROs to the equivalent amount of TST you've staked. Aim for an equal balance between TST and EUROs to unlock the full power of your investment. This strategic alignment maximizes your returns and enhances the growth of your portfolio.
Compounding Your EUROs
The beauty of staking TST is that it attracts a share of all fees from minting new debt. These fees are in EUROs and added to your yield account on top of any other EUROs you have placed in there. This is an excellent strategy for compounding your EUROs deposits.
Buying Crypto at a Discount
Your EUROs are not just sitting idle but actively working for you. They are used to purchase a variety of cryptocurrencies at an approximate discount of 9.91%. These discounted assets come from two primary sources:
Liquidated Smart Vaults: Assets from vaults that have faced liquidation are available at around a 10% discount to users of the yield accounts. The discount is because users get liquidated when their collateral reaches 110%. This 10% over-collateralization incentivizes people to act as liquidators by buying the liquidated assets using EUROs. The EUROs used during this process will be burned so that there is always more value locked into smart vaults than EUROs in circulation.
Trading Fees: A 1% fee applies to locked collateral trades. This fee is collected in the asset being traded and sold to yield account holders like you at around a 9.91% discount.
This innovative mechanism enhances your portfolio through discounted asset acquisition and contributes to the stability and liquidity of the DeFi ecosystem. It also places buy pressure on the EUROs to help keep the EUROs/EUR price peg.
Why Participate?
By engaging with Yield Accounts, you're not merely earning but also playing a pivotal role in a dynamic financial ecosystem. TheStandard.io offers a unique opportunity to grow your investments through smart, strategic interactions with the DeFi space. Imagine the satisfaction of seeing your assets multiply, knowing you're at the cutting edge of financial technology.
We invite you to take this step toward financial empowerment. Stake your TST and EUROs in Yield Accounts today and transform your approach to cryptocurrency investment. Welcome to a world where your assets do more than exist; they thrive.
Last updated