In this edition, we’re briefing you on Vaultka.
Vaultka has been gaining traction and TVL recently, with their unique community incentives programs.
Learn how the project aggregates perp DEX yields, how their incentive programs work, and what to expect down the line…
Over and out ⬇
What is Vaultka?
Vaultka is positioned as the catalyst of perpetual DEXs. Offering One-Click strategies for LP tokens, building on top of multiple perpetual DEXs on Arbitrum
Vaultka aims to be a catalyst for perpetual DEXs, focusing on strategies to boost liquidity.
Vaultka builds different products, primarily to provide convenient and profitable strategies for virtual assets.
Vaultka is a combination of a perpetual DEX and a yield protocol.
They specialize in providing yield strategies based on the liquidity tokens of different perpetual DEXs.
Vaultka is fully community-governed with a recently launched governance token, $VKA.
The platform offers lending pools and multiple strategies, including up to 10x leverage on positions.
They also plan to introduce a user-centric voting mechanism where users can stake $VKA to earn votes, determining which vaults receive the most rewards.
Vaultka's Sip-to-Earn & Power-up Drinks: Strategies & Risks
Vaultka has an ongoing sip-to-earn campaign, aiming to get the community involved.
Vaulta advisor 0xFinish explains that sip-to-earn is aimed at rewarding early supporters of Vaultka.
The campaign is organized into four rounds, and it's currently in the third round.
The team allocated 5% of the total $VKA supply to early supporters who enhance liquidity for special exchanges on Arbitrum.
A leaderboard is available to show the points earned by participants:
The campaign has contributed to significant growth in TVL from 1.3 million to 6.7 million. The campaign will continue for another 10 days and rewards are based on liquidity provided and referrals.
TVL growth since inception of the Sip-to-earn program on September 19th
Another community initiative called Power-up Drinks is also ongoing.
Power-up Drinks is part of the third round in the four-round launch of Vaultka.
The initiative aims to reward users who deposit in the lending vaults.
For this, they have allocated 6% of the total $VKA supply.
Different tier levels exist to reward early depositors.
The project received about 3.6 million in liquidity for this round, mentioning that some users have redrawn and redeposited to be eligible for the rewards.
Vaultka has four tiers based on investment amounts: 500,000; 1 million; 2.5 million; and 4 million.
The earlier you deposit in the third round, the more escalated rewards you get.
The goal is to reward early participants, but returns could still be good even for those who deposit later.
The platform offers leverage up to 10x which can suit a variety of risk profiles.
The type of vault and liquidity provider models also influence the choice.
For vaults like Vela, which are purely used for yield, it is harder to get liquidated, making high leverage a safer option.
The GLP basket returns are a bit lower but less risky compared to leverage vaults.
The team aims to offer a variety of products to suit all types of users, whether they want to play it safe or opt for higher risks.
Governance, Tokens, and Future Plans
Churro asks what ways users can be a part of the Vaultka ecosystem, specifically in terms of governance.
Governance recently became possible with the recent $VKA launch, which determines how revenue is distributed among holders.
Users can stake $VKA tokens to get escrowed VKA (esVKA), empowering them to have a say in the distribution of $VKA supply to different vaults.
The system is designed to provide great returns passively, and users can further amplify their returns by voting for the vaults they believe will perform best.
Vaultka has begun implementing their second product: their cocktail series.
They have vaults named after beverages like Vodka or Rum, but the cocktail series aims to aggregate these into a single product called Mega LP.
Owning Mega LP tokens gives users exposure to the entire perpetual ecosystem, eliminating the need to choose individual vaults.
Martini is a governance token that gives users benefits from the whole ecosystem.
Mega LP, on the other hand, focuses on LP tokens and is part of the cocktail series.
They aim to distinguish between governance and liquidity provider tokens in their ecosystem.
Overall, the project has successfully launched lending pools and gained liquidity even in a bear market.
Future plans include expanding vaults, implementing different strategies, and improving UI/UX.
The team recognizes the importance of community and mentions that they will offer additional rewards to community members.
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