Press Release

NumisMe launches with APR for USD stablecoins and liquidity providers

3min Read

Posted: July 7, 2022

By: Anjali Sriniwasan

Journalist

Anjali Sriniwasan

Journalist

Posted: July 7, 2022

Today, NumisMe announces the launch of the NumisMe Vaults (featuring APR Booster), Staking, and LP incentives. Simply deposit your crypto and grow your capital with some of the highest and most secure yields in the digital asset market.

NumisMe Vaults and NUME tokenomics are designed to protect token value while rewarding token holders and stakers. The hybrid emissions model incentivizes users to stake their NUME tokens to receive ETH revenue share.

The innovative use of token tax reflections provides revenue to the project, reducing the project’s need to sell tokens.

Summary of NumisMe Vaults + Staking
● Five vaults launched: ETH, CVX, USD Stablecoins (FRAX, MIM) and TRICRYPTO
● APR Booster offers up to 2.5x boosted Rewards APR
● NUME stakers receive revenue share in ETH/USDC
● Invite-only LP Double Up program doubles your LP position for free (You provide the ETH and we match the NUME)

NumisMe DeFi services

NumisMe now offers decentralized finance (DeFi) services, focusing on market leaders like Ethereum and stablecoins, along with a gamified decentralized app (dAPP) that enables users to compete for bonus yield via voting markets.

The new vaults were launched with the current macroeconomic climate in mind and focused heavily on protecting investor capital during this market downturn and possible recession. To accomplish this, they feature two fully collateralized US Dollar stablecoin vaults (FRAX and MIM) that offer competitive rates far exceeding what banks offer. This enables investors to retain the value of their idle dollars even as inflation runs rampant.

Instead of leaving money in a low-yield savings account or in a wallet earning nothing – now people can passively earn sustainable yields over 10,000% higher than banks offer until needed again. Consider the average savings account in the United States, which earns only 0.07% APR per bankrate.com. NumisMe embraces the evolving financial landscape and invites everyone to join them.

Promotional APR + LP Double Up Program

Along with high returns on stablecoins, NumisMe offers a special promotion to liquidity providers with an “LP Double-Up” program. As a part of this invite-only program, users who bring Ethereum will be matched equally with the requisite NUME. This means users only need to bring half of the required coins/tokens, but they keep all of the rewards! This program is invite-only, with a link to apply on the website.

In addition to a stablecoin focus, NumisMe offers industry-leading rates on Ethereum, Convex, and triCrypto (token indexed to Bitcoin, Ethereum, and USD stablecoins). If investors are looking to stack market-leading crypto investments during this bear market, they’ll appreciate the gas-free auto-compounding offered by NumisMe, which allows people to dollar cost average into positions and have the compounding done for them, earning higher interest over time.

APR boost + voting + revenue share

The protocol’s native NUME token can be staked for up to 2.5x APR Boost. Staked NUME tokens can also be used to vote for extra APR to the vault of your choice.

To add even more utility to the NUME token, all staked NUME receives a share of the revenue generated by NumisMe DeFi services.

NumisMe features a weekly gamified voting system via their dAPP, which allows investors to compete against each other for bonus yields that drive extra NUME rewards to their strategy. These bonus rewards are shared with all investors within that strategy (e.g., if FRAX investors secure 30% of the vote, 30% of the bonus rewards are distributed to them. Those unhappy with the results, have the opportunity each week to change their strategy and vault positions.)

NumisMe is celebrating this launch by running promotional APRs available on a first-come, first-serve basis. Current APRs are ranging from 500% to 3,000%, which will of course drop to competitive but sustainable yields as investors enter. Certainly, a great opportunity for those early to the show, with a simple and clean user interface (UI) ensuring a low barrier to entry for all.

Read more about our vault launch and go-forward roadmap on our blog post here: https://medium.com/@NumisMe/introducing-numisme-vaults-a-new-defi-beginning-799566f061ce