[App] NEOPIN BDLP Guide

NEOPIN BDLP User Guide for NEOPIN App

1. Deposit

Go to the [Earn] tab > Select [Derivatives] in the Discover section > Select [NEOPIN BDLP] in the RWA section.
- Please read the disclaimer carefully before proceeding. If you do not qualify, please go back and enjoy other services on NEOPIN.
Carefully review the product information, click the [Deposit] button.
Choose the token you want to deposit, you can deposit with DAI, USDT or USDC.
- The minimum deposit is 200 tokens
- Regardless of the token you deposit, you will receive your funds, including bonuses, in DAI.
Enter the amount you wish to deposit
Enter the percentage of your deposit you want to set as a boost asset.
- NEOPIN's proprietary AI algorithm will recommend a boost percentage based on your previous activity in NEOPIN.
- As the Boost Ratio is set higher, it may provide a higher est.APY. However, it may also have a higher potential opportunity cost.
You can also set the slippage tolerance as the deposit process includes stable swap between utilized assets. The default is set to 0.1%.
Click the [Deposit] button, review the estimates and enter the PIN Code. Please make sure to review and agree to the "Terms of Use" before a deposit.
Once the PIN Code is successfully authenticated, the deposit is complete.

Notes:
Strategically linked protocols are Spark, Ethena, and Curve.
DAI is MakerDAO's decentralized stablecoin pegged to the USD.
The deposit process involves swaps between protocol logics using Curve stable swap. As the transaction progresses, linked protocol fees and slippage may occur due to the execution of logic between each protocol, and the LP received will be based on the final amount of sDAI and sUSDe, the strategic assets deposited.
If you deposit a large amount, the high price impact may incur. If you deposit smaller amount in separate actions, it will reduce the price impact.
Est.APY and est.Rewards provided are an estimate and not a guarantee and subject to change depending on the linked protocols

2. Withdraw

Go to the [Earn] tab > Select [Derivatives] in the Discover section.
Select the product you want to withdraw and click the [Deposit] button
- Please read the disclaimer carefully before proceeding. If you do not qualify, please go back and enjoy other services on NEOPIN.
Select the [Withdraw] tab at the top and choose options to withdraw: you can withdraw RWA and Boost assets together, RWA assets only or Boost assets.
- RWA assets (LP) are withdrawn and sent to the wallet immediately upon request.
- Boost Assets (bLP) require 14 days(or more depending on the linked protocols and network conditions) waiting time to withdraw and the reward is not generated during the period.
Enter the amount you wish to withdraw. Please note that for Boost Assets, only the total amount withdrawal is available.
Please make sure to review and agree to the "Terms of Use" before a withdrawal.
Click the [Withdraw] button, confirm after reviewing the estimated summary and enter the PIN Code.
Once the PIN Code is successfully authenticated, the withdrawal request is complete.

Notes:
Estimated Returns are the estimated values at the time of the withdrawal request and the actual withdrawal value may differ from it.
When making a withdrawal, the exchange rate may change, resulting in a smaller amount being withdrawn than expected
After your withdrawal request, waiting time may occur depending on network congestion.
If an additional withdrawal request is made while assets are in the withdraw queue or available for claim, the additional amount and the amount of the previous request will be combined for withdrawal and the waiting period will be reset.
The estimated APY stated on the product does not include operation fees. If withdrawals are made within a short period of time after deposit, a loss may be incurred on the principal deposited.

3. Claim Assets and Rewards

Go to the [Wallet] tab > click [Reward] button
- In the deposit details, you can check your DAI converted value of LP and bLP Token and your estimated rewards in DAI.
Click the [Claim] button on Withdrawal Queue section and select the token you want to claim
Select an assets to withdraw. The assets under waiting time after the withdrawal request is shown "In process" section.
After reviewing the transaction summary, click the [Claim] button and enter the PIN Code.
Once the PIN Code is successfully authenticated, Claim request is complete.

Notes:
Estimated Rewards are calculated in DAI based on the number of LPs and bLPs held and deposited. Please note that estimates do not take into account depreciation factors such as slippage in the deposit logic and are not representative of actual or confirmed rewards. The estimates may change depending on the condition of the linked protocols.

PreviousRWA Next[Web] NEOPIN BDLP Guide

Last updated 3 months ago

1. Deposit

Go to the [Earn] tab > Select [Derivatives] in the Discover section > Select [NEOPIN BDLP] in the RWA section.

Please read the disclaimer carefully before proceeding. If you do not qualify, please go back and enjoy other services on NEOPIN.

Carefully review the product information, click the [Deposit] button.

Choose the token you want to deposit, you can deposit with DAI, USDT or USDC.

The minimum deposit is 200 tokens
Regardless of the token you deposit, you will receive your funds, including bonuses, in DAI.

Enter the amount you wish to deposit

Enter the percentage of your deposit you want to set as a boost asset.

NEOPIN's proprietary AI algorithm will recommend a boost percentage based on your previous activity in NEOPIN.
As the Boost Ratio is set higher, it may provide a higher est.APY. However, it may also have a higher potential opportunity cost.

You can also set the slippage tolerance as the deposit process includes stable swap between utilized assets. The default is set to 0.1%.

Click the [Deposit] button, review the estimates and enter the PIN Code. Please make sure to review and agree to the "Terms of Use" before a deposit.

Once the PIN Code is successfully authenticated, the deposit is complete.

Notes:

If this is your first time using a product, a one-time approval is required to proceed with a Deposit. >
Strategically linked protocols are Spark, Ethena, and Curve.
DAI is MakerDAO's decentralized stablecoin pegged to the USD.
The deposit process involves swaps between protocol logics using Curve stable swap. As the transaction progresses, linked protocol fees and slippage may occur due to the execution of logic between each protocol, and the LP received will be based on the final amount of sDAI and sUSDe, the strategic assets deposited.
If you deposit a large amount, the high price impact may incur. If you deposit smaller amount in separate actions, it will reduce the price impact.
Est.APY and est.Rewards provided are an estimate and not a guarantee and subject to change depending on the linked protocols

2. Withdraw

Go to the [Earn] tab > Select [Derivatives] in the Discover section.

Select the product you want to withdraw and click the [Deposit] button

Please read the disclaimer carefully before proceeding. If you do not qualify, please go back and enjoy other services on NEOPIN.

Select the [Withdraw] tab at the top and choose options to withdraw: you can withdraw RWA and Boost assets together, RWA assets only or Boost assets.

RWA assets (LP) are withdrawn and sent to the wallet immediately upon request.
Boost Assets (bLP) require 14 days(or more depending on the linked protocols and network conditions) waiting time to withdraw and the reward is not generated during the period.

Enter the amount you wish to withdraw. Please note that for Boost Assets, only the total amount withdrawal is available.

Please make sure to review and agree to the "Terms of Use" before a withdrawal.

Click the [Withdraw] button, confirm after reviewing the estimated summary and enter the PIN Code.

Once the PIN Code is successfully authenticated, the withdrawal request is complete.

Notes:

Estimated Returns are the estimated values at the time of the withdrawal request and the actual withdrawal value may differ from it.
When making a withdrawal, the exchange rate may change, resulting in a smaller amount being withdrawn than expected
After your withdrawal request, waiting time may occur depending on network congestion.
If an additional withdrawal request is made while assets are in the withdraw queue or available for claim, the additional amount and the amount of the previous request will be combined for withdrawal and the waiting period will be reset.
The estimated APY stated on the product does not include operation fees. If withdrawals are made within a short period of time after deposit, a loss may be incurred on the principal deposited.

3. Claim Assets and Rewards

Go to the [Wallet] tab > click [Reward] button

In the deposit details, you can check your DAI converted value of LP and bLP Token and your estimated rewards in DAI.

Click the [Claim] button on Withdrawal Queue section and select the token you want to claim

Select an assets to withdraw. The assets under waiting time after the withdrawal request is shown "In process" section.

After reviewing the transaction summary, click the [Claim] button and enter the PIN Code.

Once the PIN Code is successfully authenticated, Claim request is complete.

Notes:

Estimated Rewards are calculated in DAI based on the number of LPs and bLPs held and deposited. Please note that estimates do not take into account depreciation factors such as slippage in the deposit logic and are not representative of actual or confirmed rewards. The estimates may change depending on the condition of the linked protocols.