OnX Vaults

OnX vaults automate yield farming strategies specifically targeting yield-generating tokens such as Liquid Staking tokens, Liquidity Pool tokens, Lending interest-bearing tokens, and tokenized staked tokens (e.g. xSushi, sONX).

One specificity about OnX vaults is that its strategies are made to incentivize staking the rewards provided by Decentralized Exchanges (DEXs) instead of systematically dumping farming rewards provided by the DEX.

As OnX Finance is not only a multi-chain yield aggregator, one of its advantages is the OnX Lending platform, specifically designed for yield-generating tokens, such as vault tokens. The integration of vault tokens to OnX Lending is therefore part of OnX Finance's future developments.

Type of Vaults

SushiSwap (Ethereum network)

Yield Farming strategy of Vaults on SushiSwap Liquidity Pools

1. Collect SushiSwap Liquidity Pool (SLP) token from vault capital providers

2. Farm SLP token and collect SUSHI rewards

3. Stake SUSHI rewarded by SLP farm, and receive xSUSHI, representing staked SUSHI

4. Collect ONX farming rewards

5. Stake rewarded ONX, and receive sONX, representing staked ONX

6. Benefit from compounding effect from reinvesting SUSHI rewards on a periodical basis

7. Coming soon - 5% out of the 10% vault fee of this vault will be collected on a Reward Pool, sold to buyback ONX tokens, and redistributed to the OnX users (reallocation of rewards to be decided by governance on a periodical basis)

SpookySwap (Fantom network)

Yield Farming strategy of Vaults on SpookySwap Liquidity Pools

1. Collect SpookySwap Liquidity Pool (SpLP) token from vault capital providers

2. Farm SpLP token and collect BOO rewards

3. Stake BOO rewarded by SpLP farm, and receive xBOO, representing staked BOO

4. Farm xBOO and collect FTM rewards

5. Benefit from compounding effect from reinvesting BOO and xBOO rewards on a periodical basis

6. Coming soon - 15% out of the 25% vault fee of this vault will be collected on a Reward Pool, sold to buyback ONX tokens, and redistributed to the OnX users (reallocation of rewards to be decided by governance on a periodical basis)

7. Coming soon - FTM rewards will be staked on Ankr to benefit from additional Fantom staking rewards

QuickSwap (Polygon network)

Yield Farming strategy of Vaults on QuickSwap Liquidity Pools

1. Collect QuickSwap Liquidity Pool (QLP) token from vault capital providers

2. Farm QLP token and collect dQUICK (staked QUICK)

3. Farm dQUICK and collect MATIC rewards

4. Benefit from compounding effect from farming rewarded dQUICK on a periodical basis

5. Coming soon - 10% out of the 20% vault fee of this vault will be collected on a Reward Pool, sold to buyback ONX tokens, and redistributed to the OnX users (reallocation of rewards to be decided by governance on a periodical basis)

6. Coming soon - MATIC rewards will be staked to reward aMATICb, MATIC liquid staking from Ankr when it will be bridged from Ethereum to Polygon network.

TraderJoe (Avalanche network)

Yield Farming strategy of Vaults on TraderJoe Liquidity Pools

1. Collect TraderJoe Liquidity Pool (TLP) token from vault capital providers

2. Farm TLP token and collect JOE tokens

3. Stake JOE tokens and collect xJOE (staked JOE)

4. Farm xJOE and collect more JOE rewards

5. Benefit from compounding effect from farming rewarded JOE on a periodical basis

6. Coming soon - 15% out of the 25% vault fee of this vault will be collected on a Reward Pool, sold to buyback ONX tokens, and redistributed to the OnX users (reallocation of rewards to be decided by governance on a periodical basis)

Vault fee structure

• Vaults on SushiSwap Liquidity Pools (Ethereum network): 10% (5% to OnX Corporate Treasury, 5% redistributed to ONX users through governance)

• Vaults on SpookySwap Liquidity Pool (Fantom network): 25% (10% to OnX Corporate Treasury, 15% redistributed to ONX users through governance)

• Vaults on QuickSwap Liquidity Pool (Polygon network): 20% (10% to OnX Corporate Treasury, 10% redistributed to ONX users through governance)

• Vaults on TraderJoe Liquidity Pool (Avalanche network): 25% (10% to OnX Corporate Treasury, 15% redistributed to ONX users through governance)

• 0.1% withdrawal fee to prevent certain bad actors to take advantage of harvest time schedules.

Contrary to many other vault providers, the vault fee only applies on the excess rewards generated on top of trading fees from the liquidity pool and does not have any minimum fee on rewards.