Incentives based🪄

...how to get into CoinSense premium and preserve all capital?

You preserve all your capital and pay nothing to CoinSense. Instead you stake the required amount of collateral in one of the supported vaults (list below) and send once per quarter (month for newcomers) incentives from that vault to CoinSense wallet once we ask you for that. The only thing we need from you is a screenshot of your staked value and “gentleman’s agreement” that you’ll send us incentives.

It simply consist of three steps:

1. You stake assets

2. Send us screenshot that you staked

3. Voila! 🪄 you have your premium subscription for free! (well not exactly we’ll ask you in the next months to send us incentives you accrued from that vault but you preserve your staked value and possibly farm some airdrops)

Benefits

• You pay nothing except incentives and we take a risk that those incentives could be volatile and differ from monthly payment (one month $110 and another month $160)

• You preserve all your assets on your side and can withdraw them anytime you want. But keep in mind that when you withdraw your assets you’re not eligible that month to pay using Proof of collateral and you have to pay CoinSense premium subscription using one of the support assets to the CoinSense wallet.

Disadvantages

Despite trying to choose multi-milon vaults with proven track-record, existing income/proven model and audits we’re still in crypto and anything can happen so even these vaults can be exploited/drained/… Keep in mind that you can lose your staked value and consider to insure your staked assets in a vault to mitigate most of these threats (for example on https://v2.nexusmutual.io/cover/buy-cover). CoinSense is not responsible for any of your losses.

🔑 Supported vaults

Below you can find vault we support for incentives based subscription and the amount needed staked in them to be eligible for incentives based subscription:

1) HyperLiquid vault

• Asset: USDC

• Average APR: 24%

• Required amount staked: 8 500 USDC

• Bonus: You’re probably farming HyperLiquid airdrop and airdrop belongs to you

2) Azuro Liquidity providing

• Asset: USDT

• Average APR: 19%

• Required amount staked: 9 500 USDT

• Bonus: You’re farming Azur airdrop and airdrop belongs to you.

3) gDAI or gUSDC vault on Gtrade

• Asset: gDAI or gUSDC (value accruing stablecoin)

• Average APR: 14%

• Required amount staked: 12 500 worth of gDAI or gUSDC

4) GLP (GMX)

• Asset: GLP (value accruing stablecoin)

• Average APR: 11%

• Required amount staked: 15 000 USDC worth of GLP

FAQ

Where should I send incentives once you ask me

Our wallet address is: 0x3e60f75271f8b4c04bd35d017b9e22035e727122.We’ll be glad if you follow us on DeBank.

In the case of Incentive based subscription can I withdraw my assets from the LP whenever I want?

Yes ofc - it’s your money in your wallet! You can withdraw whenever you want and use your assets wherever you want (to buy assets, prevent liquidation somewhere, etc.). But keep in mind that when you withdraw your assets you’re not eligible that month to pay using Proof of collateral and you have to pay CoinSense premium subscription using one of the support assets to the CoinSense wallet.

What if I try to cheat and for example claim some incentives for myself or withdraw and then deposit assets back and don’t tell you?

We live in the blockchain era sir. It’s very easy to check if you have manipulated on that wallet with the LP or not 🫡

What If somebody exploit/hack the vault of I'll lose me money from the vault for any other reason?

CoinSense is not responsible for the assets on your wallet or any other activity you do with your wallet (like staking into the vault). Keep in mind that you can lose your staked value and consider to insure your staked assets in a vault to mitigate most of these threats (for example on https://v2.nexusmutual.io/cover/buy-cover)