FAQ
Frequently asked questions from Adamant's users
Why should I use Adamant? Can’t I just compound by myself?
Compounding yourself is a very tedious process, especially when you are staking in multiple pools across multiple websites, and it is often hard to know the optimal frequency and timing of when to compound and reinvest your yields. Adamant does all of this for you and also saves you gas fees.
In addition, when compounding by yourself when yield farming, you will also have to pay income tax on the claimed rewards. However, since Adamant automatically compounds rewards for its users, users will only have to pay capital gains tax. The long term capital gains tax rate is much lower than than the income tax rate.
Adamant's Smart Farming vaults also automatically handle the process of repaying your loan to prevent your collateral from being liquidated.
Finally, Adamant charges the lowest performance fee out of any yield optimizer on Polygon. Adamant also has an impeccable safety record; it has never been exploited.
Are your vaults vulnerable to flash loan exploits?
The Minter contract uses a Chainlink oracle, which prevents price manipulation flash loan attacks.
For added security, many of Adamant's vaults also block smart contracts from depositing into them. Our vaults also block other reward manipulation exploits, like the "Merlin" exploit.
Why is the page not loading/Why are some vaults not loading?
Metamask sometimes gets an 'Internal JSON-RPC error', which is usually fixed by refreshing the page.
There may also be issues with the website on mobile browsers.
Do you have control of user funds?
Unless otherwise specified, Adamant's vaults don't have the ability to move user funds to external addresses other than the ones defined within the contracts (i.e. the reward pool being farmed). In addition, the contracts that each strategy can interact with cannot be changed. The strategy contract associated with a vault contract also can't be changed once it is set, and vice versa.
The maximum withdrawal delay/fee have been set to relatively low values (30 days, 0.5%), and the performance fee is capped at 30%. Vaults released in 2023 also have no withdrawal fee.
In addition, none of Adamant's vault/strategy contracts are upgradeable proxy contracts. This means the source code of a contract at address X can't be changed: there's no risk of a proxy contract at address X being swapped out with a malicious contract, even if the admin private key gets compromised.
How is the yield calculated?
All rates are based on the value of your staked capital.
The term "auto-compounded WMATIC/QUICK/etc" refers to the APY (annual percentage yield) from auto-compounding the farmed reward tokens into more LP tokens.
The term "ADDY rewards" refers to the yield from the ADDY tokens received from staking in our vaults, which is based on the APY and performance fee.
The term "LP swap fees" refers to the income earned from being a liquidity provider. All exchanges charge a fee for swapping tokens that is given to liquidity providers. No performance fee is charged on LP swap fees.
How is the yield so high?
By selling farmed tokens and reinvesting the proceeds into more LP tokens, the income the Adamant vaults generate increases over time. This results in exponential yields, especially if the base yield of the pool is very high to begin with.
Please note that exceptionally high yields for "degen" vaults are unlikely to be sustainable.
Where did the ADDY/WETH pool go?
The ADDY/WETH pool is only visible on the legacy website for users who have staked in that pool.
Why am I earning less per day than expected? Why isn't my balance going up right away when I manually compound?
Compound interest (APY) requires a long period of reinvestment before there is a significant difference compared to APR.
Why does it cost so much to claim from a vault?
If you are seeing exceptionally high gas fees above 10 ETH, MATIC, CRO, etc, then that means whatever operation you are trying to perform is returning an error, like trying to claim from a vault before the 24 hour minting timelock is finished. Please ask an Adamant staff member for assistance in the help channel. Adamant staff members will never private message you first.
Example of a high gas fee caused by an error:
Why is the value of my stablecoin stake going down?
The price of newer stablecoins may be more volatile and not actually be at $1, especially if the demand for them due to yield farming drives their price above $1 or lack of demand causes the price to fall below $1. For example, the price of PUSD was as high as $1.09.
Adamant may also be using a different price data source than the exchange.
In addition, the value of stablecoin LPs may be volatile for platforms with low amounts of liquidity since a single trade may significantly change the price.
Example of high slippage on an exchange with low USDC/DAI liquidity:
Why did the amount of claimable ADDY go down?
Vaults on the Polygon network store the amount of profit generated as MATIC, which is converted to ETH when calculating how much ADDY to mint. If the value of MATIC decreases relative to ETH, users will see the amount of claimable ADDY go down.
How often do vaults compound?
Any vault on the Polygon network with a TVL of $1000 or more will be auto-compounded up to 1000+ times per day, based on factors like the amount deposited, the yield of the pool being farmed, and vault activity. In addition, users can manually compound for the vaults they are staked in.
How do I see my ADDY rewards?
A button allowing you to claim your ADDY rewards will appear once the vault is auto-compounded or when someone manually compounds for the vault. Any pending ADDY rewards are dependent on the current price of the harvested asset, so if it falls, you would see the amount of pending ADDY also decrease.
Can I claim vested ADDY and stake/lock without paying the penalty?
That is not possible due to how theMultiFeeDistribution contract was designed, and cannot be changed.
Where did my pending ADDY go?
Depositing or withdrawing from the vault will claim any pending ADDY for you and automatically vest it into the fee distribution contract.
Where are my presale tokens?
You can find the contract where your presale tokens are stored in the "Token Lock Contracts" of the Contract Links page for the chain or the Presale page for the chain.
Where did my pending CRO/MATIC/ETH go after I claimed them?
The fee distribution and locked staking contracts distributes those tokens in their "wrapped" form. Check your wallet for the "wrapped" token.
Why is my balance not showing up?
Make sure you are using the newest staking pool (old staking pools will appear red), that you are connected to the Matic network, and that you are using the correct address on Metamask. It's extremely common for users to deposit on one account and attempt to withdraw on another account.
If anyone messages you and tells you to "synchronize/verify/validate/etc" your wallet, they're trying to scam you. Do not share your private key or seed phrase with anyone.
What does it mean when a vault has been replaced?
Users should withdraw their LP tokens from it and restake in the new vault for that LP token.
Is it possible for me to partially withdraw the tokens I have staked in a vault?
Due to Adamant's old contract design being based on Bunny, which only supported complete withdrawals, vaults released before 2023 only support complete withdrawals. Newer vaults support partial withdrawals.
Why is the APY different than what it shows on Quickswap Info/apy.vision? Why did the vault APY suddenly change?
Quickswap Info and apy.vision show the LP fees/swap fees earned from being a liquidity provider, while this website shows the income earned from farming the QUICK token. Your actual income is the sum of both. No performance fee is deducted from LP fees/swap fees.
Profit for certain vaults is calculated based on the normal block time of 2 seconds/block. If Polygon's block time is slower than that due to congestion, your profit will be less than the advertised rate.
Why is the APY different than what I would get from converting the APR to APY?
Swap fee APY is added to the reward APY.
Why can't I see the source code of a contract?
Arbiscan is not correctly displaying the source code for contracts that are deployed by other contracts.
This applies to:
LP token contracts
Certain vault and strategy contracts
In addition, the source code for certain contracts isn't visible at all on the Cronos block explorer.
How is the monthly profit to ADDY stakers calculated?
The monthly profit to ADDY stakers is equal to the sum of the performance fee each vault generates in a month.
Why does Adamant have separate tokens for each chain?
Unlike other DeFi platforms with cross-chain tokens like Curve, Adamant platform tokens are minted based on profit generated for the platform. The only other major platform that uses a similar minting model, Bunny, also has separate tokens for each chain.
A cross-chain revenue sharing/bridging solution is currently in the very early stages of development.
Where did your logo come from?
The origin of Adamant Finance's logo is a joke based on the online game RuneScape - the metal Adamant is stronger than the metal Mith in RuneScape, and Adamant's logo is derived from the logo of an unrelated project named "Mith".
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