ACTR Vaults
ACTR vaults provide ACTR token holders with a flexible and beneficial way to earn rewards in HTTs. To participate in the rewards, token holders must deposit their ACTR into a vault controlled by the Actuator token contract. During this process, depositors will select a vault which are distinguished by which HEX Time Token they will receive as rewards.
Choosing the HEX Day.
- HTT Choice: When you deposit your ACTR tokens, you must designate which HTT rewards you will participate in. For example, if you deposit in the vault that rewards HTT-3000, you will earn a portion of all fees generated from the creation of HTT-3000.
- Flexibility: Depositors can allocate 100% of their ACTR tokens to one vault or spread them across multiple vaults and earn a variety of HTTs. This allows you to focus on the HTTs where you expect higher fees and and thus returns.
Fees and Rewards
- Fee Imposition: Each creation of a HTT incurs a 1% fee.
- Distribution: These fees are immediately distributed to users who have deposited their ACTR to the corresponding vault on pro-rata basis. This mechanism ensures that rewards are aligned with depositor contribution size and market activities.
Deposit and Withdraw
- Lock-Up Period: There is a 90-day lock-up period to ensure vaults are resistant to manipulations. Any increase in user deposits will reset the user's 90-day lock-up period.
- Early Unlock Penalty: Depositors who decide to withdraw early incur a penalty starting at 100% and decreasing linearly to 0% at the end of the lock-up period. Any penalized ACTR is then immediately burned. ACTR will therefore deflationary beginning after the initial 3 year distribution period.
Benefits of ACTR Vaults
- Direct Rewards: Earn HTTs from HTT creation fees.
- Recapturing Fees: By depositing into the vault that earns the same HTT you're about to mint against your HEX stake, you can recapture some or all of the HTT fees pay.
- Enhanced Flexibility: Allocate your tokens in a way that best suits your confidence and expected reward outcomes from different HTTs.
How to Acquire ACTR
In order to acquire ACTR for vaulting, users can follow the flowchart steps below (Alternatively, they can buy ACTR on the open market).