Helix Vaults FAQs

What Are Helix Vaults

Vaults are a simple way to lock up HELIX governance tokens for a set period of time, and give holders a greater-than-usual return on their deposited funds, whilst providing value to the platform.

What Are The Benefits Of Helix Vaults

From the perspective of the protocol, incentivizing the long-term provision of funds is great in many ways and leads to a healthier, more robust platform. All AMMs thrive on liquidity, which allows for lower slippage, attracting traders (and additional liquidity), further fueling the cycle, and boosting the platform.

For users of the vaults, financial incentive is provided with increasingly higher returns, depending on the lockup period.

Is There A Fee For Using The Vaults

A small fee of 1.5% is applied to the Helix vaults, which is allocated as follows;

• Admin Fees: 67%

• Geobot Staking Pool: 33%

Can I Still Participate In Voting With My HELIX Staked

Staked HELIX is included within voting power, meaning there is no need to un-stake to participate in governance of the platform.

More information can be found in the Governance FAQs.

I Deposited Funds Into A Vault, How Do I Redeem Them?

Due to the way in which the Helix vaults function all deposits are non-reversible, meaning your funds are staked until the end of the lockup period.

Helix Vaults provide the option of 3, 6, 12, 18, and 24 month lockup periods. At the end of the lockup phase, you will be able to withdraw locked funds and all rewards received for the period.

Although you cannot redeem the initial vaulted capital until the end of the lockup period, daily rewards can be harvested at any time.

Are The Helix Vaults Safe

All contracts on Helix.Finance have been audited and approved as being safe for use. As we add more features to the platform we will obtain further audits, continually ensuring the security of user funds.

The end report for the Helix audit can be found here.