Besides Sanctum or Meteora, The Vault is one of the names that is receiving a lot of attention from the cryptocurrency community. It is not just a simple Stake pool on the Solana ecosystem, but vSOL (LST of The Vault) can be XEM the key to opening a new direction in point farming and Airdrop hunting. So what is The Vault? Let's find out with Coin68 through the article below.
What is The Vault? Instructions for hunting Airdrop using vSOL
What is The Vault?
The Vault is a new Stake pool on the Solana ecosystem with the sole mission of developing the Solana network. To do this, The Vault has launched their own Liquid Staking Token vSOL to enhance security and decentralization in the journey of developing the Solana network.
With the aim of developing Solana at the network level, The Vault has set out two main goals to be achieved throughout its operation.
Increasing the number of validators on Solana: The Vault will focus on increasing the number by providing small and medium validators with a reasonable amount of Stake , thereby making access easier.
Validator community support: Supports communities associated with data validation activities through dapps. This will strengthen the Solana community as the validator communities mostly prove their value.
What is vSOL?
vSOL is The Vault's Liquid Staking Token . When the Stake pool is deployed, the conversion rate between SOL and vSOL is 1:1. To explain in a more understandable way, if you hold 100 vSOL and Stake in The Vault with an APY of 7%, after 1 year, the amount you receive back is 107 vSOL (100 original vSOL and 7 vSOL Staking interest) and This vSOL number will be changed to 107 SOL equivalent to a 1:1 ratio.
vSOL Points program
To launch its Stake pool, The Vault has launched a point reward program exclusively for the community. How to participate is very simple, users just need to deposit vSOL into the rewards pool or use vSOL for activities on other platforms such as Sanctum, Meteora and Texture.
Instructions for hunting Airdrop using vSOL
Users will have many ways to earn points from The Vault:
Stake vSOL directly into The Vault: Users will receive points directly as well as Staking rewards from The Vault through Stake vSOL. The Stake vSOL amount can be unstaken immediately.
Provide liquidity into SaberDAO (SOL-vSOL) and Stake LP Token into The Vault: Users will receive points, fees from the SOL-vSOL pool, SBR emissions as well as Staking reward. The Stake vSOL amount can be unstaken immediately.
The Vault
- Step 1: Visit https://thevault.finance/ and select Dapp .
- Step 2: Staking an amount of SOL to receive vSOL back at a 1:1 ratio.
- Step 3: Go to the Point & Rewards section , select Vault vSOL , on the Deposit tab , select the amount of vSOL you want to add to the Pool .
SaberDAO
- Step 1: Visit https://thevault.finance/ and select Dapp .
- Step 2: Staking an amount of SOL to receive vSOL back at a 1:1 ratio, users should leave an amount of SOL equal to vSOL .
- Step 3: Visit saberdao.io and select search vSOL .
- Step 4: Deposit an equal amount of SOL and vSOL into the pool.
- Step 5: After a period of time, users can Stake the LP Token they receive to earn farm rewards from SaberDAO.
Meteora
- Step 1: Visit https://thevault.finance/ and select Dapp .
- Step 2: Staking an amount of SOL to receive vSOL back at a 1:1 ratio, users should leave an amount of SOL equal to vSOL .
- Step 3: Access Meteora and Deposit an equal amount of SOL and vSOL into the pool.
- Step 4: Visit Meteora's LP Farm and Stake Meteora LP Token to receive vPt .
summary
Above is all the information related to The Vault and what this project wants to bring to the cryptocurrency market in general as well as the Solana network in particular. Through the article, we hope Coin68 has given readers the most general perspective about The Vault as well as ways to hunt for Airdrop using vSOL.
Note: Coin68 is not responsible for any of your investment decisions. Wishing you success and earning a lot of profit from this potential market!
