Hyper Finance
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FAQ

1. What is the reward of Hyfi.pro farming?

  • The proceeds of the Vault pool is the principal token. The number of deposited tokens will auto-increase, and the increased tokens will also be auto-reinvested.
  • The reward of Staking pool is HYFI token.
  • If you deposit some BNBs in Vault and stake fBNB in Staking pool. Your total rewards will be:
    • BNB: 26.62%
    • HYFI: 103.38%
    • Total: 130.00%
    • You can click the button and find them:

2. Is APY/365 the right way to determine daily gains?

  • No, the effect of compounded interest is exponential, not linear. A daily compounded interest of 1.6% would yield (1+1.6%)^365 = ~32800% a year.
“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” -- Albert Einstein

3. Is there a deposit fee?

  • No.

4. How do I set up my wallet on Binance Smart Chain?

  • Trust Wallet: When you go into the dAPP in the top-right corner you can see the different blockchains available, click on it then choose Binance Smart Chain Mainnet.
  • MetaMask: Create a custom RPC with the following:
    • Network Name: BSC Mainnet
    • New RPC URL: https://bsc-dataseed.binance.org/
    • ChainID: 56
    • Symbol: BNB
    • Block Explorer URL: https://bscscan.com/

5. What is the HyFi distribution plan?

6. Why I deposited 100 BNB in a vault but did not receive 100 fBNB?

  • The exchange rate between Token and fToken is not 1:1. fToken is a mortgage share warrant: each fToken has a unit net value( NAV Per Share). The starting number is 1.0, and it is updating with time.
  • If the NAV Per Share is 1.05 (that is the BNB vault has increased by 5%), then you can deposit 100 BNB to get:
100 BNB / 1.05 = 95.288 fBNB
  • When you withdraw fBNB from the staking pool, 95.288 fBNB will be fully exchanged for 100 BNB plus BNB profits.

7. Can not find HYFI tokens in the wallet.

  • Switch the main chain to BSC on your wallet account page.
  • Add the HYFI contract address to the wallet as follows:

8. What I can do if I transferred Tokens to the contract address?

  • Due to the particularity of the decentralization system, any assets will be completely impossible to retrieve if you transferred to the contract address.
  • Warning: The contract address may only be used to add symbols for the wallet but never should receive assets.

9. What I can do if I transferred fToken to another address?

  • If you transferred fToken to a centralized exchange, you can contact the helper of the exchange. They may send your asset back after charge a certain service fee generally.
  • If you transferred fToken to a decentralized wallet, you can find those assets in the wallet by adding the fToken symbol in that address.

10. Have you used Oracle in your contract address?

Hyper Finance vault strategies never use Oracle. So don't worry about the corresponding oracle or flashloan hacks.
Last modified 7mo ago