Beluga’s expansion onto Fantom.
It is official! Beluga is expanding its product offering onto Fantom! You can now get exposure to the highest yields on Fantom through Beluga!
We are proud to be able to launch our innovative product on Fantom and to allow the Fantom community to earn high yields with the best fees, and we plan to keep building.
You can find more details on the design of our Fantom vaults below.
Fees
Beluga’s fees are designed for maximum protocol efficiency and designed to maximize profits for our vault users.
All vaults are subject to a 3.5% performance fee (charged on profits) with 1% going back to whoever calls doHardWork on the vault (the manual compound button on the UI). The rest of the fees are sent to a protocol treasury that is used to fund Beluga’s sustainability, potential buybacks, pools, and incentives.
Vaults are also subject to a 0.1% withdrawal fee if withdrawn within 8 hours of your last deposit. Half of this fee goes back to the protocol whilst the rest goes back to vault depositors, generating profit for everyone who is in the vault.
Initial Vaults
Beluga’s Fantom launch is starting off with Spookyswap vaults, with plans to launch more vaults after launch.
Our first vaults are of the following:
- FTM/BOO Spookyswap LP
- BTC/ETH Spookyswap LP
- USDC/FTM Spookyswap LP
- fUSDT/FTM Spookyswap LP
- FTM/BTC Spookyswap LP
- FTM/DAI Spookyswap LP
- FTM/ETH Spookyswap LP
- BEETS/FTM Beetx LP
- BEETS/USDC Beetx LP
We plan to launch more vaults (including single asset 😉) within the following days to expand to a wide variety of innovative vaults.
Liquidity/Incentives
We will establish liquidity incentives for BELUGA on Fantom shortly after our launch. Following this, we will build out our model for vault incentives and will unveil incentives for our vaults.
We are proud to be launching on Fantom and will continue to innovate and truly give our users the best yields on all chains.
If you would like to stay tuned for more info, announcements, and more, we recommend that you join our Discord server here: https://discord.gg/BNn6M2qR8u
