You Spoke We Listened #2 — TripleEarn Vault ($msDAI) | Tutorial

Thank you, @diego_defi, for trying Mu on day 0 and giving the team very valuable comments contributing to the birth of this Tutorial 🕶🐮💚

How is the APR of TripleEarn Vault ($msDAI) calculated?

TripleEarn Vault ($msDAI) generates yield through 3 sources:

1. Protocol fee revenue;
2. sDAI stable yield; &
3. Trading yields.

Protocol fee revenue:

[90%] protocol fee revenue will be distributed to TripleEarn Vault ($msDAI Vault) during the launch. This includes open/closing position fees and liquidation fees.

$sDAI stable yield:

$sDAI is a yield-bearing token currently generating ~5% APR just by holding it. Mu Exchange is the first perpetual exchange to offer trading and staking based on $sDAI, allowing traders and TripleEarn Vault stakers to capture the $sDAI yield while they trade and/or stake to earn.

Trading yields:

• When traders win (positive PnL), their winnings are received from the TripleEarn Vault when they close the position.
• When traders lose (negative PnL), their losses are sent to the TripleEarn Vault when they close the position.
• We have created a hypothetical scenario example below for easier understanding, but do note that fees are disregarded, and a single value is used instead of an average in calculating APR for easy math demonstration purposes. *Our APR will become more and more accurate as Mu gathers more historical TripleEarn Vault data as our APR uses average values. Because of the fluctuation of the market and the instant settlement nature of Mu, it is not advisable to stake less than a week (there is a high chance the staking result might deviate from the displayed APR. This trading yield method has proven to produce a very lucrative and sustainable yield for stakers in comparable platforms.

Steps to stake and earn from TripleEarn Vault ($msDAI Vault)

1. Obtain some $xDAi for gas and connect your web3 wallet to mu.exchange. The guide can be found for new users at Getting Started On Gnosis Chain.
2. Stake your $sDAI into our msDAI Vault via https://www.mu.exchange/staking.
3. Type in the amount of $sDAI you wish to stake.
4. Click [Stake] and confirm the transaction on your web3 wallet.
5. Multiple confirmations on your web3 wallet might be required, especially if it is your first time using Mu.
6. Do pay attention to the details, including the transaction amount and gas fee, when confirming the transaction.
7. Details, including your staked amount, accumulated rewards, and total pool TVL, can be found on the same webpage.
8. *Do note that after you stake, there is a 24-hour cooldown period before you can withdraw to prevent arbitrage.

How to withdraw your $sDAI from the vault and how to claim the earned rewards and trading fees

1. All trading fees and trading yield rewards (if any) are accrued automatically back into the msDAI Vault; hence, there is nothing a user needs to do; all these will be reflected automatically in the msDAI token you hold.
2. Users can withdraw their $sDAI anytime; there is no lock-up period but a 24-hour cooldown after you deposit before you can withdraw. Depositing anytime will reset the counter.
3. Withdrawal can be made on the same page where the staking was done; click the “Unstake” tab, enter the amount, and click “Unstake.”
4. Confirm the transaction on your web3 wallet and pay attention to the details, including transaction amount and gas fee, when confirming the transaction.

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