Annex Finance DeFi Vault Offers Bear Market Opportunities
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June 6, 2022
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High APYs in a Bear Market

Annex Finance's DeFi vault 3.0 is garneringinterest as some of the liquidity pairs are currently showing high APYs.

While most protocols have been affected by thedownturn in the market, Annex Finance is powering onward. The liquidity pairs in the Annex Finance vault, suchas ANN-BUSD and ANN-WBNB, are currently offering APYs of 725.216% and 881.345%respectively. 

The Annex DeFi 3.0 vault allows users toparticipate in profit sharing through staking $ANN tokens (governance tokens) and Iron Wolf NFTsto boost their rewards.  The earnings are paid out in BUSD on BNB Chain and USDC on Cronos. The more ANN staked in the vault,the more profit-sharing rewards received. 

“The DeFi 3.0 Vault will help investors in thisbear market by increasing their portfolios due to the stablecoin rewards. Youcan stake our limited NFTs to earn a percentage of our daily $14,000 rewards inStablecoins, with a minimum of 1 NFT staked and a maximum of 10,” Daniele,Business Manager at Annex Finance, mentioned in a recent AMA with FirebirdFinance. “The NFTs act as a booster for your ANN rewards, reachingup to 200% with the 10 NFTs. This vault’s rewards amount to $5.1M per year.”

The total supply of NFTs is 2,000.Approximately 500 are distributed among Annex users and can only be purchaseddirectly on Annex Finance's secondary market. 

Reduced NFT Emissions

The Social Media Manager at Annex Finance, Carlos,explained to Web3Wire that Annex Finance has a strict policyregarding NFT emissions. They are put on the market sparsely to keep inflationin check and to maintain high APY interest rates.

Source: ANN tokensurged through the crypto market cooldown

Daniele believes that APY interest rewards are highbecause the rewards that suppliers receive are paid entirely by borrowers whotake loans that result in huge ANN rewards. In contrast, Annex takes a minimalamount from that figure. Therefore, the protocol maintains positive interestrates across all assets, where the ANN rewards pay for all loan interest,thereby indirectly increasing the TVL.

“The current APY is only going to increase, as weare getting more and more users every day. All the interactions with ourplatform generate revenue for the treasury, which we share among our users viathe DeFi 3.0 Vault, the LP farms and the future Space Station Vault, which willbe focused on our more modest users,” Carlos told Web3Wire.

The DeFi 3.0 vault by Annex Finance was launched inMarch as the first DeFi vault that pays users in USDC and BUSD. Learn more on howto participate in the vault here.

Annex Finance will also soon release the SpaceStation Vault for modest users, with $1,000 in stablecoin rewards distributedon a daily basis equally per NFT staked.

What is Annex Finance:

‍Annex Finance is a decentralized lending protocolthat enables users to lend/borrow using borderless stablecoins. The platformoffers services such as lending, automated market-making DEX, decentralizedauction, and an NFT marketplace.

Annex Finance hopes to revolutionize DeFi with ANN- its multi-utility native token. The platform was initially built on BNB Chain(formerly Binance Smart Chain) but had plans in its roadmap to expand into other blockchains. Theentry of Annex Cronos Mainnet has been relatively successful and has seen theplatform is among the top gainers onCronos in terms of TVL.

Where to find Annex Finance:

Website | Twitter | Medium | Telegram | Reddit | AMA With BSCNews

 

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