Report: The first snapshot “Get High with the Moon APY” 🚀
Tags: Report, Staking, Travafinance

Report: The first snapshot “Get High with the Moon APY”🚀 Trava.Finance Follow Jul 23 · 4 min read

We’re more than happy to announce the report of the first snapshot in our Staking Program to all users. At 5 p.m UTC on July 19th, 2021, we officially launched the Staking Program. The result in the three days of the program has exceeded our wildest expectations. With the heat of “the Moon APY’’ and our transparent staking mechanism, despite some unexpected inaccuracies in APY calculation, the program has attracted approximately 400 users staking in Trava’s vaults. Thus, Trava gradually puts the first brick in building a solid foundation of trust among users.

Without further ado, here are the details of our first snapshot!

Total Value Locked hit more than 1.5 million dollars at the end of the first day, at $1,631,035.19!! It can be said that this is an excellent start for the Trava Team. The number partially shows that we have gained the first success in user outreaching.

Figure 1: The Total Value Locked at the end of the first day

Due to some inaccuracies in APY calculation in the first 14 hours, questions have been raised among users. Trava Team has worked very hard to fix these inaccuracies. As a result, and to show our sincere apology as well as our thank to those who trusted us and supported us, we have adjusted the APY as follows:

The APY to 2500% for everyone that had staked in our vaults from 5:00 PM UTC July 19th to 7:00 AM UTC July 20th. This period was the first 14 hours when our APY calculation was incorrect. In the next 10 hours of the first day, the APY was set back to 2000%.

We extended the time for 2000% APY until 11:59 PM UTC July 20th.

On the second day, from 0:00 AM UTC July 21st to 11:59 PM UTC July 21st, the APY was set at 1000%.

On the last day of this snapshot, i.e., from 0:00 AM UTC July 22nd to 11:59 PM UTC July 22nd, the APY was set at 500%.

Thanks to our reasonable adjustment, more users continued staking in three vaults. On the second day of launching, the Total Value Locked in the Trava vaults hit more than 2 million. The number has marked a milestone in our first staking program and gained us more confidence in launching our planned programs in the future.

Figure 2: The TVL at the end of second day

At 11:59 UTC July 22nd, the end of the last day of this snapshot, TVL in Trava vaults had obtained more than 2,1 million dollars.

Figure 3: The TVL at the end of third day

For a better overview, the charts below illustrate the TVL allocation for the 3 vaults and the volatility of TVL in the first snapshot.

Figure 4: The Total Value Locked by time

The first day witnessed a significant rise in TVL, before stability on the second day. After that, The TVL experienced an increase and reached more than 2 million at the end of the third day.

Figure 5: The TVL distributions of three vaults

As can be seen in the pie chart, the stake amount in BNB accounts for the smallest proportion among three tokens, standing at 17.7%. On the other hand, this figure for ORAI was more than doubled up, at 39.4%, which was 3.5% lower than BUSD amount users deposited.

Moreover, the average stake amount in BUSD ranked first with more than $10,000 per user. Each ORAI holder deposited about $4,900 on average and the average deposit amount in BNB was more than $4,600.

The next incentive programs are progressively being disclosed!

Following the success of the first snapshot, the second snapshot named “DIGGING TRAVA” takes place within 5 days from 0.00 A.M UTC July 23rd to 11.59 P.M UTC July 28th. Users have an opportunity to get TRAVA rewards of 25 million.

👉 Go here to read more about “DIGGING TRAVA” snapshot

Finally, disclosing the third snapshot, we offer credit scoring for stakers. It means the Trava rewards will be calculated based on an additional element — the user’s credit score — The higher credit scores, The higher TRAVA rewards. The information will be updated on our channels. So stay tuned and welcome for this fascinating snapshot!

The information mentioned above reports the first snapshot and releases the following incentives programs soon.

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