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.
The flash loan exploits that affected platforms like Bunny and Harvest involved depositing into a vault, manipulating the price of assets with flash loans, and then manipulating the amount of the reward token minted through various means.
The price calculator that the Minter contract consults gets the price of WMATIC from a Chainlink oracle and mints ADDY based on
min(oracle price, pool price), which means a flash loan attack based on manipulating the price of the underlying asset when claiming ADDY isn't possible. For added security, Adamant's vaults also block smart contracts from depositing into them. Our vaults also guard against other reward manipulation exploits, like the "Merlin" exploit.
Adamant's vaults aren't custodial; they don't have the ability to arbitrarily move user funds to external addresses other than the ones defined within the contracts (i.e. the reward pool being farmed). The maximum withdrawal delay/fee have been set to relatively low values (30 days, 0.5%), and the performance fee is capped at 30%. In addition, the contracts that each strategy can interact with cannot be changed.
In addition, none of Adamant's vault/strategy contracts are upgradeable proxy contracts, unlike Bunny and other platforms that use the Bunny minting system. 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. The strategy contract associated with a vault contract also can't be changed once it is set, and vice versa.
All rates are based on your initial 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 "Auto ADDY fee sharing" refers to the APR (compared to initial capital) from the dividends that those ADDY tokens will receive once they are claimed. When ADDY is claimed, it is automatically staked in the fee distribution contract on behalf of the user. Vested, staked, and locked ADDY all earn fee-sharing dividends.
The ADDY fee sharing rate shown on the vault page is based on a user claiming ADDY once a day and then leaving it in the fee distribution contract to collect fee dividends.
If a user locks their ADDY in the fee distribution contract once the vesting period is finished and/or compounds the fee dividends they receive into more ADDY, the APY will be significantly higher.
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. In addition, fee-sharing dividends from high yield vaults will also boost the yield of lower yield vaults significantly.
Please note that exceptionally high yields for "degen" vaults are unlikely to be sustainable.
Compound interest requires a long period of reinvestment before there is a significant difference in yields compared to linear interest.
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.
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. For example, the price of PUSD has ranged from $1.00 to $1.09.
In addition, the value of stablecoin LPs will be more volatile for platforms with lower amounts of liquidity since a single trade may significantly change the price.
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.
Any vault on the Polygon network with a TVL of $1000 or more will be auto-compounded anywhere from 50 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.
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.
That is not possible due to how the
MultiFeeDistribution contract was designed, and cannot be changed.
Depositing or withdrawing from the vault will claim any pending ADDY for you and automatically vest it into the fee distribution contract.
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.
If anyone messages you and tells you to "synchronize" your wallet, they're trying to scam you.
Users should withdraw their LP tokens from it and restake in the new vault for that LP token.
Only complete withdrawals are supported.
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.
Users receive ADDY based on the profit they generate, which means that the APR when taking into account claimed ADDY tokens will be higher than the base APR. However, because the APY calculation assumes that the ADDY and fee sharing dividends users receive is not compounded into more LP, that means the APY displayed on the vault page will be lower for vaults with an extremely high base APR.
If a user locks their ADDY in the fee distribution contract once the vesting period is finished and/or compounds the fee dividends they receive into more ADDY, the annual percentage yield will be significantly higher.
The APR for Polyquity vaults is based on the
rewardRatevariable in Polyquity's contracts. For some reason, Polyquity's website doesn't use that variable, which is causing it to return a much lower number for the PUSD/USDC pool and a much higher number for the PYQ/USDC pool.
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
The monthly profit to ADDY stakers is equal to the sum of the performance fee each vault generates in a month.
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".
Adamant's main objective is to simply make yield farming easier and safer for our users. Measures to increase the utility of the ADDY token for long-term investors are also continually being developed.
The website is currently being revamped in order to improve the user experience.
Adamant will expand to other layer 2 solutions by the end of the year. This will give Adamant's investors exposure to revenue from the entire DeFi ecosystem.