Everest Rewards Vault
The Everest Vault is an in-development rewards vault for the Altitude ecosystem.
Altitude has historically paid yield to holders in some form. Originally, this was done through reflections. Later, Altitude moved to low yield USDC rewards through Merkl.
While the Merkl partnership helped Altitude deliver USDC rewards, the custom nature of the Altitude token contract caused repeated issues, including delayed payments and inaccurate UI information such as TVL and APR.
Rather than paying for a closer integration with an external team, the project made the decision to start building more of its own products, where Altitude can have more control.
The Everest Vault is one of those products.
High-Level Concept
Staked Token
ALTITUDE
Reward Token
ALTITUDE
Min Stake
5,000 Alt
Deposit Fee
1%
Withdraw Fee
2%
Claim Fee
None
Token Vesting
None
Withdrawals
Anytime
The Everest Vault is designed to let users stake Altitude and earn rewards funded by ecosystem activity, project fees, and external revenue.
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