How is Sharpe Magnum different from other staking protocols?
Sharpe Magnum uses flashloans to increase exposure to staked assets, whereas traditional staking requires a 1:1 ratio of staked assets. This means that Sharpe Magnum can provide higher APYs for users without locking up additional capital.
Is Sharpe Magnum non-custodial?
Yes, Sharpe Magnum is non-custodial. The platform uses trustless, decentralized smart contracts that give users complete control over their funds. This ensures that users' assets are always safe and secure.
How does Sharpe Magnum ensure the safety of users' funds?
Sharpe Magnum uses on-chain keepers to perform continuous risk monitoring and can automatically de-leverage the system in the event of potential losses. This helps to ensure the long-term sustainability of the platform and the steady yields it provides.
What is the minimum amount required to start staking on Sharpe Magnum?
There is no minimum amount required to start staking on Sharpe Magnum.
How are staking rewards distributed on Sharpe Magnum?
Staking rewards are distributed proportionally to the amount of staked assets held by each user.
Does Sharpe Magnum maintain its own liquidity pools?
No, Sharpe Magnum does not maintain its own liquidity pools. Instead, it utilizes existing public goods and the biggest DeFi protocols such as Aave, Lido, and Morpho. Sharpe Magnum builds on top of these existing infrastructure and liquidity pools to enhance the capital efficiency of staked assets. This ensures that Sharpe Magnum users can benefit from the deep liquidity and underlying protocol guarantees of these protocols while earning higher APYs on their staked assets through Sharpe Magnum's leveraged staking optimizer.
Does Sharpe Magnum charge any fees?
During its beta release, Sharpe Magnum does not charge any performance or management fees. Sharpe Magnum is still in its early stages of adoption, and the team believes that making the protocol free to use for everyone is the best first step towards achieving its goal of optimized decentralized staking. As the protocol matures and adds new features, the team may introduce fees at a later stage.
Is Sharpe Magnum a fork of any other protocol?
No, Sharpe Magnum is not a fork of any existing protocol. Instead, it uses the ERC-4626 vault standard to build tokenized vaults for building leveraged staking vaults.
Is Sharpe Magnum audited?
Sharpe Magnum is currently undergoing an audit by a reputable third-party security firm to ensure the highest level of security for our users. We have also conducted thorough internal testing, peer reviews, stress tests, and dynamic and static analyses to identify and mitigate potential vulnerabilities. We take the security and safety of our users' funds very seriously, and we are committed to implementing industry-leading security measures to safeguard users' investments.