⏫Boost
Earn extra yield on top of your vault earnings!
As The Multichain Yield Optimizer, Key Of Life always wants to make sure that the users have the best experience possible using Key Of Life and get the highest APY with the least amount of manual effort. In order to do just that, we have expanded on the initial vault offering with a service called Key of Life Boost in which we promote exciting projects on various chains. Together with the promotion, we boost certain vaults with the partner's token in order to give you the best APY.
What is a Boost?
When you deposit in a Key Of Life vault, you receive a 'receipt' token prefixed with 'ka' in your wallet. When a Boost is available, you may stake that token in the Boost to receive the extra earnings benefit. You earn extra yield on top of your vault earnings!
How do I use Key Of Life Boost?
First, look for a boosted vault in our main app and deposit the tokens that are asked for in the vault. Then, proceed to the Boost section to stake your kaToken "deposit receipts". Stake these kaTokens and you are all done! You can easily come back here to check on your earned partner tokens and withdraw at any time.
How do I see my earned tokens?
Enter the vault where you deposited your kaTokens and it will show you a nice summary of your earned tokens.
What are kaTokens?
A kaToken is an interest-bearing, tokenized proof of deposit that you will receive at the moment you deposit in a Key Of Life vault. One can view kaTokens as the receipt of your vault deposit. Read more about kaTokens under the Vaults section:
How long will the Boosted vault last?
There is a timer shown in the Boost section for each boosted vault. This is nothing you really need to keep track of since you can always come back after a vault is finished and withdraw then.
Do I have to manually unstake from the Boost when it is finished?
Yes, this is a mandatory user action when the Boost ends. For safety reasons, Key of Life can not move your tokens back to your wallet. You can just come back after the Boost is finished to unstake your kaTokens together with the partner tokens, at any time, by hitting "Claim & Unstake".
Can I enter multiple boosted vaults at once?
Absolutely! Just deposit the required tokens in one or multiple of our boosted vaults and then deposit your kaTokens in the Boost section. Repeat this step for every boosted vault you want to be a part of.
Are boosted vaults safe to use?
Yes! Key Of Life always develops with safety in mind and has made sure the boosted vaults are completely safe. They are hosted by Key Of Life, and Key Of Life has gotten the boost tokens from our partners and uses our own vaults for the reward. The kaTokens you stake to receive the boost tokens do not leave Key Of Life.
If I enter a partner vault with my kaTokens, will I still earn the ordinary vault reward?
Yes! The ordinary tokens you deposited in our main vaults will earn the ordinary rewards and be compounded as usual, even if it is boosted. This is because the kaTokens you deposit to enter the Launchpool boost are interest-bearing. By using the boosted vault, you earn both the vault tokens and partner tokens as a boost.
What does "Pre-Stake" mean?
This means there is an upcoming boost for this vault. You can stake your kaTokens ahead of time so that you will earn the Boost Rewards as soon the Boost begins.
How come the APY shown at launch is not the same as it is now?
APY is the “annual percentage yield” and is calculated by compounding your yield interest daily. The daily yield in turn is based on factors such as the reward rate and the total amount of deposited tokens that share the rewards. When more people and in turn tokens enter the pool, the fixed yield is shared by more people (tokens) hence the daily yield will become lower and in turn, lower the APY. In the same way, if people (tokens) exit the vault, there are fewer people (tokens) sharing the fixed reward and the daily yield will increase and in turn, APY will increase.
Are the promoted project and its tokens safe?
When partnering with a certain project, Key Of Life always makes an overall due diligence check of the project to get a sense of its sincerity and safety. For this, Key Of Life follows a stringent set of safety rules, as outlined in Key Of Life SAFU Practices. Despite the project being safe code-wise, we can never guarantee if the partner token is worth holding. Therefore it is always up to you to make your financial decisions, to make sure that the partnering project is a project that you want to support or not, and that the partner token is one you want to hold or sell. Key Of Life cannot, and will not take any responsibility for your personal actions.
Last updated