HULI Protocol v1:
What is HULI Protocol:
HULI Protocol is a yield farming project in Decentralized Finance (DeFi) that provides yield generation and digital assets management within Binance Smart chain. The protocol is maintained by the HULI team and is governed by the token holders of HULI governance token, $HLI
What HULI Protocol has to offer:
HLI Primary Farming Pool (For HLI-WBNB LP) will be available and farming rewards of 25,000 HLI will be distributed to the farmers.
2) Digital Assets Management Vault:
Vault is a passive-investing strategy that offered to all investors that asked for steady returns of investment over time. Vault can be defined as capital pools that automatically generate yield based on opportunities present in the market. Vaults benefit users by socializing gas costs, automating the yield generation and rebalancing process, and automatically shifting capital as opportunities arise. End users also do not need to have a proficient knowledge of the underlying protocols involved or DeFi, thus the Vaults represent a passive-investing strategy for investors.
3) Decentralized Governance:
Any major changes and further improvement of HULI Protocol is controlled by HLI token holders who submit and vote on off-chain proposals that govern the ecosystem. The team will plan and implement the voting results voted by the token holders.
-What is a Vault?
Vaults will employ strategies to automate the best yield farming opportunities available for the users. They were specially designed so that the community could work together to build more new strategies to find the best yield. Vault are able to use any asset deposited as liquidity and use liquidity as collateral and manage collateral at a safe level in order to avoid a default. Then, it will borrow stable coins to put them work on different strategies of automated farming to earn rewards as well as re-invest the rewards.
-What are the risks associated by using Vault?
While the assets deposited can’t decrease, the debt of the vault can increase. If a strategy does not manage to outperform the debt, then a portion of the asset will be impermanently locked. If a strategy later outperforms the debt again, the asset will again be available to withdraw. There are mechanisms & solutions in the vaults to prevent these incidents to happen.
-What are the Fees associated by using Vault?
Zero, HULI Protocol will not charge any fees to the vaults users. By deploying the latest blockchain technology and smart contract, the maintenance fees of maintaining the vaults are greatly reduced. Users only need to pay the gas fees for their transactions. The HULI Protocol team will deploy the reserve funds to maintain the Vault.
-What is Vault Strategy?
Vault strategies are modular smart contracts for each vault that tells it what assets to borrow, which assets to farm, and where it should sell the farmed assets. More and more vault strategies will be released and implemented by HULI Protocol team to provide more investing choices for users.
-How can I make money using HULI Protocol Vault?
You can simply use the Vault to earn rewards by depositing your assets into the vaults available or join the main farming pool.