Unveiling Fyde Treasury Protocol

Published on January 15, 2024 · Reading time 3 minutes · Created by Fyde Labs

The Fyde Treasury Protocol is a groundbreaking platform in decentralized finance, offering a robust suite of tools for managing on-chain treasuries. Designed with user-centric features, Fyde’s liquid vault allows cryptocurrency holders to securely manage and diversify assets in a non-custodial environment, catering to both beginners and power users.

Getting Started with Fyde Treasury dApp

Upon opening the Fyde dApp, you’ll find an introduction to the liquid vault protocol, complete with tooltips guiding you through each feature. To begin, click “Connect” to log in with your Web3 wallet. If you're new to Web3 wallets, check out our onboarding guide.

Exploring the Portfolio Section

The Portfolio section provides insights into your holdings within the liquid vault, including:

  • Your Deposits: Displays the current value of your token holdings.
  • Total Value Locked (TVL): Shows the vault’s total holdings and any recent changes.
  • $TRSY Value: Tracks $TRSY token price performance.
  • Fyde Points: Details rewards earned from liquidity mining.

A breakdown of your holdings in $TRSY and $stTRSY is also available, offering full transparency.

Community-Driven Vault Management

Fyde introduces a Liquid Vault that combines user tokens into a diversified portfolio, aiming for stable growth through strategic rebalancing and a dynamic weighting mechanism. In the Manage Vault section, users can adjust token allocations to align with target concentrations, supporting efficient vault management.

Target Concentration

Our team has developed algorithms, back tests, and simulations to optimize the vault’s risk/reward profile. Fyde plans to evolve this process into a decentralized, community-driven strategy for ongoing allocation improvements.

How to Deposit in Fyde Treasury Protocol

Ready to deposit? The Deposit section enables you to contribute tokens in exchange for $TRSY, the wrapped representation of the vault. The dropdown will highlight tokens that are underweight or overweight in the vault’s target distribution.

Key deposit information includes:

  • Retain Governance: Opt to keep governance rights on deposited tokens, allowing continued voting privileges.
  • Total Deposit Value: Shows the deposit’s USD value.
  • Imbalance Penalty: Deposits affecting token balance incur a penalty, promoting optimal allocation.
  • $TRSY Value: Displays the USD value of received $TRSY.

After confirming, a “Deposit Successful!” popup appears, and your $TRSY tokens are added to your portfolio and wallet.

Staking $TRSY for Fyde Points

Once you have $TRSY, stake it to earn Fyde Points, contributing to an upcoming $FYDE airdrop in spring. Fyde Points also unlock exclusive benefits and future features.

For more in-depth information, explore Fyde Treasury Protocol’s Gitbook documentation or join us on Discord.

Stay tuned for future updates as we continue to enhance the Fyde Treasury experience for all users.