/\ Multiplier updates to adjust risk profiles on all user groups better:
Vaults 1x → 1x
Pendle LP 1.25x → 1.25x
Curve LP 1.5x → 3x
YT-alUSD 1.5x → 5x
The multipliers are applied starting today to TVL suppliers, and will be reflected in the Points distributed tomorrow.👇
2/ Explanation:
Currently, regular deposits in the vaults on Almanak don't participate further in DeFi and have significantly smaller risk.
Pendle LPs have no impermanent loss (IL) if kept until maturity.
Curve LPs have small IL risk.
YT-alUSD holders take on high risk.
3/ YT-alUSD holders are the true Almanak bulls, taking on the most risk, while TVL growth has diluted their points earnings, given a static amount of points distributed per day.
To honor our bulls and loyal supporters, it was only logical to adjust the multipliers accordingly.
4/ All of the positions mentioned in the first post are tracked for the @cookiedotfun /\ Almanak ACM Campaign.
This means you can become a cSnapper using any of the positions, as well as increasing your multipliers via any of the listed positions, including YT-alUSD.
5/ A last reminder:
1 Almanak Points = approx. 1 Token
Daily Points emissions are 333,333.
Happy farming /\
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