Stader brings D...
Stader brings Degen Vaults to Terra 2.0 — Introducing Dollar Cost Averaging (DCA)
Stader launched on Terra 2.0 just two weeks ago and ,thanks to your love and support, has amassed 475k+ LUNA in TVL so far. The team is working tirelessly to bring the best of its offering to the Terra community.
The first roll-out as a part of these efforts is Degen Vaults.
The first Degen vault on Terra 2.0 will be based on the Dollar Cost Averaging (DCA) strategy.
What is DCA?
Stader will accept $axlUSDC deposits in the vault. This axlUSDC will then be used to spread Luna purchase over the span of a week at random price points. Given the price volatility in the market, this strategy will help smoothen the average cost of your total $LUNA holding and creates the chance of some alpha in the process.
Stader is going live with the DCA Degen Vault on 17th June 2022 at 1200 UTC.
The vault will be open for one week starting at 1200 UTC on 17th June 2022 and will close on 1159 UTC on 24th June 2022.
The lock-in tenure for this first vault will be for one week only starting 1200 UTC on 24th June upto 1200 UTC on 30th June 2022. The DCA strategy will be executed on the deposited $axlUSDC during this lock-in period.
You will be able to withdraw your total $Luna holdings based on the DCA on June 30th 12 pm UTC.
Do not miss this exciting opportunity. Deposit $axlUSDC to the vault here before 24th June 1159 UTC.
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