What are Perpetual Vaults?
The golden Goose of DeFi
Imagine depositing dollars into a machine that perpetually makes money.
When you first step up to the perpetual money machine, you drop in your dollars, and in return, the machine gives you tokens, like a receipt. We call them Perpetual Vault Tokens or PVTs.
You pop your tokens into the staking zone (basically a magical place of interest-earning accounts in the crypto world) based on what types of returns you want the machine to make for you.
The machine then goes and finds all the best DeFi returns available. It generates those returns for you and produces a conveyor belt of income, which you can claim your share of based on the tokens the machine gave you initially.
If you no longer want to benefit from the returns that the machine is generating, you can collect your tokens from the staking zone and sell them to someone else who wants them.
Deposit your stablecoins to Mint Perpetual Vault Tokens (PVTs).
To select the type of returns you’d like, Stake your PVTs into your vault of choice.
Your returns are generated for you automatically by smart contracts.
Claim your returns or choose to mint more PVTs to compound your earnings.
If you no longer want great returns generated by Perpetual Vaults you can simply swap your PVTs for stablecoin on Uniswap or send them to a friend.
Perpetual Vaults are a simple way for users to get exposure to automated DeFi strategies.
The complexity and high gas cost involved in structuring strategies in a perpetual way (strike selection, expiry selection, rolling over positions) make it difficult for the average retail investor to participate.
In perpetual vaults, when a user deposits their chosen currency they can never withdraw it, meaning that deposit will perpetually work in the SyncDAO vault to provide users with ongoing returns.
Users will receive a Perpetual Vault (PVT) Token(s) as receipt of their deposit and this can be transferred or sold to other parties. Creating a secondary demand for the perpetual vault tokens and a way for a user to effectively cash out their principle.
SDG holders can participate in governance on the SyncDAO platform, putting forward and voting on proposals to help shape the future of the DAO, make decisions on protocols to be included, future project and use of DAO treasury as well as access to special content in our Discord.