Lock up EMP, support development and earn returns
What is the EMP Vault?
The introduction of The Vault is an exciting development, as it allows our community to support on the ground developments, 100% in EMP and earn returns while they HODL their $EMP.
- V1: Collateral Support Vault – The Vault will lock up supply, which along with the demand for new project collateral will support the value of the $EMP used for collateral.
Set to launch April/May 2023
- V2: Developer Support Vault – EMP token holders will be able to support housing developers to meet their collateral obligations
Set to launch later in 2023
By using Empowa’s novel approach to collateralisation, which leverages our EMP token, we ensure our ability to scale across multiple countries while providing investors a liquid form of security.
How does it work?
This collateral model provides a new opportunity for EMP token holders, as they will now be able to support housing developers to meet their collateral obligations. We are therefore exploring different ways to enable this support, including the following:
- Locking some of the supply to enable us to capitalise our platform at current market prices to provide greater platform stability.
- Introducing an ecosystem-wide collateral pool (a Collateral Treasury) to minimise the impact of a single project default.
- In the future, create instruments that allow non-developer participation in the provision of collateral.
The mechanisms by which these collateral support features will be introduced to the Empowa ecosystem are actively being worked on and we will continue to provide updates as they progress.
The first of these mechanisms; to be introduced soon; will be Collateral Support Vault. The Vault will lock up supply, which along with the demand for new project collateral will support the value of EMP used for collateral. More details on this approach can be viewed in our blackpaper.
How are Returns generated?
Returns will be paid using a percentage of net income generated through the Empowa platform.
To allow The Vault to properly support the described collateral model, a sufficient number of projects need to be active within the Empowa ecosystem. Until this level of utilisation is achieved, a degree of risk exists for developers and project funders.
We therefore plan to initially supplement The Vault returns through the use of some of the Operating Fund token allocation, so that the protocol is also contributing to this early stage risk.
As more projects are funded and other collateral support mechanisms are introduced, more returns will be generated through platform net income, reducing (and eventually eliminating) the need to use the protocol owned risk allocation to contribute to The Vault returns.
We are excited to partner with Genius Yield to offer The Vault solution. Genius Yield are leaders in the Cardano development ecosystem. By leveraging the Genius Yield product we ensure the highest levels of security and cutting edge Cardano development. To find out more about the Genius Yield project please click here.
Rewards and Conditions
|Pool Duration||12 Months|
|Lock up periods||3 or 6 months at launch
1 month option launching later
|APY||3 months period: 4.00% APY
6 months period: 4.75% APY
|Founding Community NFT Boost||Premium: +1% APY
ProjectCatalyst/Community/Team: +0.5% APY
|Launch Date||End of April|
What are XP points how are they different from EMP tokens?
XP points are the native points system of the Zealy project, EMP is the Empowa Token. XP points can’t be exchanged for EMP, but may be used to enter competitions where EMP tokens may be a prize.
Where can I find out more about Zealy?
All details about the Zealy project can be found on their website https://zealy.gitbook.io/crew-guides/
How often will competitions be held?
For now, the plan is to host competitions at ad-hoc intervals throughout the year. Once we have gauged the success of the Zealy we will plan a more regular schedule of competitions.
What prizes can I win?
Prizes will vary depending on the competition. Some competitions may be more exclusive and therefore carry prizes of higher value while others may be easier to enter with appropriate prizes on offer.
Examples of prizes may include; EMP tokens, NFTs, Partner’s digital assets and Merchandise to name just a few examples