Augury Finance is dedicated
The Augury Swapper is an aggregated, automated decentralized exchange that uses smart routing to intelligently provide users with the most streamlined experience for exchanging their tokens. Users are able to tap into our wealth of liquidity solutions which work across various automated exchanges.
We have been implementing a state-of-the-art swapping system that allows us to tap into all of the liquidity across Polygon (MATIC). This also gives us the ability to provide you with the best possible price on your swaps. Whether you’re swapping MATIC to USDT or anything in between, we will always find the best rates for you. NOTE: When buying Omen the swapper will only allow you to purchase with USDC for now.
Additionally, because we have implemented this swap system with you, our investor in mind, a portion of any fees associated with swaps will be added to our treasury which will then be distributed to our token holders. The more people that use Augury Finance, the more money that you will receive (based on the tokens that you’re staking on our platform).
With the end of minting, Omen is no longer farmable on Augury Finance. However, in order to continue to be eligible for dividends you must continue to stake Omen. As discussed in Dividends: The Triple Yield Advantage you can stake Omen in the single staking pool, or portals, with portals receiving double the weight!
How do the vaults work exactly?
Vaults use complex smart contract strategies to automate yield farming, and grow a users assets without any interaction from the user. Traditionally a user deposits tokens, or LP tokens, into a yield farm, is rewarded with a reward token, and must harvest/sell the reward tokens to add them back into the staking or liquidity pools to auto-compound their investments. Augury’s Vault smart contract strategies deposit a users assets, harvest their rewards, and re-deposits the rewards automatically, increasing the rewards automatically.
Augury’s vaults were coded from the ground up which makes them one-of-a-kind! The automatic compounding is done by a counter that keeps track of the vaults that were compounded the longest time ago, and when the contract is interacted with (i.e. a user withdraw or deposits into them) the 5 vaults that were compounded the longest ago are compounded. The counter then moves on to the next 5 vaults. In order to supplement this compounding the team has also added off chain compounding to ensure those vaults are compounding your rewards as often as possible! If that is still not enough compounding for you, there is always the option to manually compound your vault. So with all this talk about compounding let’s talk about interest rates.
To understand why compounding is important, you must first understand the difference between simple interest (APR) and compound interest (APY).
Simple Interest = P × i × n where: P=Principal i=Interest rate n=Term of the loan
Compound Interest= P ( ( 1 + i) ⁿ − 1)) where: P=Principal i=Interest rate in percentage terms n=Number of compounding periods for a year.