SugarYield

About SugarYield

SugarYield.com is a DeFi insurance protocol that allows third-party participants to speculate on the performance of underlying pegged assets depending on their performance histories, including BUSD, DAI,USDT and many other stable tokens.

Breaking down Sugar
There are two types of Sugar vaults

1) Caramel Vaults
Caramel vaults are based on the hedging strategy. Users can deposit BNB to utilize this vault to hedge against the assets that are prone to risk. Once a user takes a position in Caramel vault; an ERC 1155 token is minted as a representation of the user's stake in the vault.

2) Saltish Vaults
In the saltish vault users can sell their insurance by depositing BNB in the saltish vault. The BNB deposited are converted into a semi-fungible token that is tradable in the Post-diabetes vault.

TRADE Sugar Token ON DEX
Seamlessly trade Sugar and crypto-assets on the DEX with the wallet. Supply liquidity to DEX pools like Sugar-BUSD and more, and earn high yields while powering the decentralised exchange.

Sugar Farms
1) Mint: Users will receive SugarYield Sugar tokens when they deposit BNB into Caramel (hedging) vaults. The Saltish vault is intended for collateral depositors who want to cover that risk.
Users that deposit BNB into Saltish vaults will receive SugarYield Salt tokens.

2) Claim:Users' SugarYield vault tokens will be available on the claim tab after they mint them. The token's status will be "ongoing" during the period. At the end of the period, users will be able to receive their SugarYield token prizes. If a depeging event occurs, depositors in the Caramel vaults will be able to receive prizes. In this situation, the token's status will be "win," and users will be able to "claim" it. Depositors in the Saltish vaults will see "collateral liquidated" beneath their SugarYield tokens but will still have the ability to "claim premium". If the epoch does not conclude with a de-peg, the Hedge token status will be "liquidated," and users will be able to "burn" their tokens. The Saltish token status will demonstrate the win and the users will be able to claim their rewards.


USEFUL TIPS
Moving from the desktop wallet app? To move from the desktop app to the mobile app, follow these steps:
1. Download and install mobile app
2. Connect Metamask Wallet within SugarYield App
3. Check you BNB & Sugar Token Balance
4. If you have insufficient balance buy Sugar or BNB from pancakeswap
5. Select desire vault, Caramel or Saltish. Every Epoch for 7 days where you have 2 days for deposit and remaining 5 days for price strike.
6. After locking your bnb on caramel or saltish vault you will get cSugar or sSugar recpectively, that can be later used for farms to get high APR upto 5160% in the form of Sugar tokens.
7. Once you have staked your cSugar/sSugar tokens you can claim your reward after 7 days or Epoch ends.
8. Once the Epoch End there are two cases
a) Price Remain Same (No change)
Caramel funds transfer to saltish vault and saltish vault funds transfer to caramel vault and distribute among all holders according to their investment ratio.
b) Price Trigger (Change)
If the price trigger Caramel Funds transfer to Saltish vault. Saltish Vault investors will get all funds based on their investment ratio. While Caramel users will get zero vault reward but they still elible for farms APR reward.


We recommend that you continue with your existing balance on test-net on our website and learn whole process before jumping over main-net app.

For more details visit our detailed documentation: https://sugar-yield.gitbook.io/sugaryield/