# NEOPIN Introduction The World’s Leading One-stop, Non-custodial Permissioned DeFi protocol {% hint style="danger" %} With NIP-8 approved, NEOPIN has officially upgraded to a Mayflower (). This document may be depreciated due to the upgrade. Please refer to a new document of Mayflower. {% endhint %}

## About NEOPIN NEOPIN is a one-stop, non-custodial Permissioned protocol for the secure use of crypto with regulatory frameworks while leveraging benefits of both CeFi and DeFi. Based on the stable security protocols and regulated environment, NEOPIN aims to bridge traditional finance and DeFi protocols for all users. In addition, NEOPIN was selected to join the Innovation Programme of the United Arab Emirates (UAE), a leading country in the blockchain industry. NEOPIN is currently cooperating with the UAE government to develop the DeFi regulatory framework and expanding services based on it globally. ## Why NEOPIN? ### Profitable Earn interests with diverse multi-chain products, enjoy its competitive high yields comes from various blockchain protocols ### Reliable Years of node-operating and accelerating experience in the blockchain industry, made by experts from Web3 and Web2 institutions such as Binance, Crypto.com, Gnosis and Neowiz. ### User-friendly An intuitive and simple UI/UX for everyone, translate complex DeFi protocols for the masses ### **Regulatory compliance** The world's first DeFi protocol to develop and integrate a regulatory framework, in cooperation with the Abu Dhabi Global Market of the United Arab Emirates (UAE).

# Vision NEOPIN pioneers the future of DeFi

What is a “Trust”? How do you trust others? We say that we trust people not when they are friendly, but when we can transparently know who they are for a long time. What about commercial services? Why do we trust Amazon, Google, Apple and Samsung and give them all my card and personal information? We did not trust these services in the first place. These services became trustworthy with the value of their company based on secure long term interaction with users and technologies. However, any trust we place in these services are never immutable, just like people. This applies to both traditional finance and Web 3.0 markets as well. The traditional financial market provided reliable services, but we also hear news of some major banks being hacked or abusing users’ personal and/or financial information. DeFi was created to solve this problem, but it raised an issue of inability to filter users as the service is decentralized, leading to the potential abuse of criminal proceeds such as money laundering, etc. At NEOPIN, we wanted to solve this paradox by providing a transparent, reliable and stable financial service, but one that is user-oriented financial service. We believe that the best approach to providing innovative crypto services is to take advantage of both CeFi and DeFi. NEOPIN is a Permissioned DeFi protocol that has an innovative approach to the market, taking advantage of CeFi and DeFi. The protocol aims to lead a new era of the Permissioned DeFi by leveraging the stability and security of centralized systems with the flexibility and transparency of decentralized ones. Combining the strengths of both systems, providing its users with greater trust and stability through the implementation of KYC and AML procedures. Unlike address-based DeFi projects, which can be vulnerable to external security threats, NEOPIN has implemented its enterprise-level of security layers and strict security policies such as a KYC identification system and AML guidelines since it started operating in January 2022.

## Earn with NEOPIN ![](/files/3w4fcsCapwtTH0nzvzds) ### Pool Provide liquidity directly to the liquidity pool and receive NEOPIN Token (NPT) in addition to the base rewards. {% content-ref url="/pages/JUfaRNgB2sN6ZrWSf6Tn" %} [Pool](/earn-with-neopin/pool) {% endcontent-ref %} ### Swap Connect your wallet and cross-swap tokens supported by NEOPIN in seconds. {% content-ref url="/pages/FVa6nJb3WsnKlhVcwcFe" %} [Swap](/earn-with-neopin/swap) {% endcontent-ref %} ### Stake Earn rewards by safely delegating your virtual assets to NEOPIN. {% content-ref url="/pages/ZWJgkSbMmiRPWxfBUBjT" %} [Stake](/earn-with-neopin/stake) {% endcontent-ref %} ### **Liquid Stake** Stake your assets, receive liquidity tokens in return and leverage them to earn more rewards. {% content-ref url="/pages/mqnnxH9KxtkMhRcUv1ym" %} [Liquid Stake](/earn-with-neopin/liquid-stake) {% endcontent-ref %} # Permissioned DeFi Protocol Experience NEOPIN Permissioned DeFi in various platform

"Permissioned DeFi" is a new concept that aims to bridge the gap between centralized finance (CeFi) and decentralized finance (DeFi). The idea behind Permissioned DeFi is to take the best aspects of both CeFi and DeFi and combine them to create a financial ecosystem that is more efficient, more transparent, and more user-friendly. CeFi has a reputation for stability, security and regulatory compliance, but it can be lacking in terms of transparency and accessibility. On the other hand, DeFi has a reputation for transparency, accessibility and innovation, but it can be lacking in terms of stability, security and regulatory compliance. Permissioned DeFi aims to solve these problems by leveraging the strengths of both CeFi and DeFi, such as providing a stable and secure platform with regulatory compliance, while also providing transparency and accessibility as well as innovation and flexibility. The Permissioned DeFi ecosystem is expected to bring many benefits to the financial industry, although it is still relatively new and rapidly evolving. For this reason, Permissioned DeFi offers the DeFi products such as yield farming, lending, borrowing, liquidity staking and token swapping, which are available on the DeFi protocols and at the same time are compliant in terms of regulation. There are 2 ways to participate in NEOPIN's Permissioned DeFi protocol: NEOPIN App and NEOPIN Web & Extension.

## NEOPIN App ### Regulatory Compliance For a streamlined experience of NEOPIN services, you must first download the App and create a NEOPIN Wallet. KYC verification is also required prior to the use of NEOPIN services. KYC verification is a legal procedure for compliance with KYC (Know Your Customer), AML (Anti-money Laundering) and CFT (Combating the Financing of Terrorism) regulations. KYC/AML screening protects users from fraud and unhealthy transactions, and helps prevent anti-money laundering attempts. ### Wallet NEOPIN Wallet a non-custodial wallet with enhanced security. NEOPIN will play out its core vision of “Trust” and “Stability” by taking the role of an intermediary, keeping users' assets safe and connecting them to affiliate services. In particular, DeFi services including Pool, Swap, Stake and Liquid Stake products are all available in one place, allowing users to trade and grow assets earned from dApps, NFT and other Web3 services from various partners. ### DeFi Protocols DeFi protocols such as Liquid Stake, Yield Farming (Pool), Swap, and Stake of various virtual assets are being provided through user-friendly UI (User Interface) and UX (User Experience) on both mobile applications and PC websites. NEOPIN will keep pursuing innovative ideas to connect a fragmented blockchain world into one, and eventually progress into an open blockchain platform for all. ## **NEOPIN Web & Extension** ### How to Access Visit the NEOPIN website () and click "Connect Wallet" in the upper right corner. There are 2 ways of connecting your wallet on NEOPIN Web: 1. NEOPIN App via WalletConnect 2. NEOPIN Extension (Coming Soon) ### Wallet Connect NEOPIN Web supports a decentralized financial system that uses a NEOPIN Wallet to connect NEOPIN App and Web services without having to create an additional account. You may use NEOPIN Web services once you connect your wallet. ### **NEOPIN Extension (Coming Soon)** Another way to connect to NEOPIN Web is through NEOPIN Extension (Coming Soon). NEOPIN Extension is a wallet only service, supporting all the features of NEOPIN App as a wallet such as sending, receiving, login, KYC and transaction approval. ### DeFi Products Most DeFi products provided in the App are also available on NEOPIN Web excluding some Stake products. Experience DeFi services with enhanced trust and stability with KYC and AML across mobile and PC with NEOPIN. # Download App How to Download NEOPIN App

## 1. App Market Search "NEOPIN" in [**Google Play Store**](https://play.google.com/store/apps/details?id=com.blockchain.crypto.wallet.neopin\&referrer=utm_source%3Dgitbook%26utm_medium%3Dgoogleplay%26utm_campaign%3Dgitbook_googleplay) or [**App Store** ](https://apps.apple.com/us/app/neopin-your-crypto-wallet/id1600381072?utm_source=gitbook\&utm_medium=appstore\&utm_campaign=gitbook_appstore)to install the app.\ Supported OS versions are as follows, so please check before installation. ### **Supported OS** * Android : Android 8.0 Oreo or higher * iOS : iOS 13 or higher, iPhone 6s or higher

## 2. Official Website After accessing the [**NEOPIN website**](https://www.neopin.io/), click "Download" on the top right corner to access the app suitable for your mobile device. # Create Wallet How to Create Your NEOPIN Wallet

## 1. Go to App Market & Search “NEOPIN” [Google Play Store](https://play.google.com/store/apps/details?id=com.blockchain.crypto.wallet.neopin\&referrer=utm_source%3Dgitbook%26utm_medium%3Dgoogleplay%26utm_campaign%3Dgitbook_googleplay) or[ App Store](https://apps.apple.com/us/app/neopin-your-crypto-wallet/id1600381072?utm_source=gitbook\&utm_medium=appstore\&utm_campaign=gitbook_appstore) to install the app.\ Supported OS versions are as follows, so please check before installation. * Android : Android 8.0 Oreo or higher * iOS : iOS 13 or higher, iPhone 6s or higher

## **2. Create Wallet** 1. **Select \[Create Wallet] on the top of the home screen and select \[Create Wallet] again on the next screen.** 🚨 To create NEOPIN Wallet, you need to agree to the “Client Agreement” and “Privacy Policy”. After reviewing the terms, click the \[Agree] button at the bottom to proceed to the Recovery Phrase stage.

**2) Saving Recovery Phrase** · 24-word Recovery Phrases will be issued for the purpose of account recovery. Please review the important clauses carefully and agree to proceed.\ · After saving the Recovery Phrase separately, select the phrase in the correct order on the “Check Recovery Phrase” screen.

* Write down or copy the 24-word Recovery Phrase on the screen in the order given and store them in a safe place. * If you have replaced or lost your phone, or if you have deleted and reinstalled the NEOPIN App, you can restore your wallet by entering the Recovery Phrase. * The Recovery Phrase cannot be restored when lost. * The Recovery Phrase can only be used in NEOPIN service. ▶ If you lose the Recovery Phrase, you cannot restore your NEOPIN wallet. Be sure to keep the Recovery Phrase in a safe place.\ ▶ It is safer to keep the Recovery Phrase as a written copy rather than simply storing it on the phone. **3) PIN Code** * Set your own 6-digit PIN code to be used for the authentication to confirm the transaction in NEOPIN * Re-enter your 6-digit PIN code. * \[Optional] Enable biometric authentication (Face ID / Fingerprint) to be used for the authentication

* PIN code can be set when NEOPIN App is installed or re-installed * Your recovery phrase is required to reset your PIN code. Please be sure to save your recovery phrase securely. * PIN code is the information required to confirm your transaction. Please keep it not exposed to the public. # Sign in (Import Wallet) How to Import Your NEOPIN Wallet

Signing in to NEOPIN will unlock you a variety benefits including NEOPIN Club Membership, Referral events, and more. To sign in, you will have to import NEOPIN wallet whose Recovery Phrase has been generated via NEOPIN wallet previously. {% hint style="info" %} If you would like to import external wallets, **you have to import NEOPIN wallet first**, and then import your external wallets to NEOPIN using the Recovery Phrase or Private Key. To import external wallets, find the guide here [/pages/B6UiByHc0AC603TCStqM#id-8-2.-import-external-wallet](https://docs.neopin.io/get-started/pages/B6UiByHc0AC603TCStqM#id-8-2.-import-external-wallet "mention") {% endhint %} ## 1. Sign in by Importing Wallet Select **\[Create Wallet]** on the top of the home screen and select **\[Import your NEOPIN Wallet]** on the next screen. * To import NEOPIN Wallet, you need to agree to the "Client Agreement" and "Privacy Policy". After reviewing the terms, click the **\[Agree]** button at the bottom to proceed to the Recovery Phrase stage.

## 2. Enter your Recovery Phrase Enter the 24-word Recovery Phrase that you’ve stored upon signing up in the correct order.

* Recovery Phrase is separated by spaces between words. * **If the Recovery Phrase is lost, your wallet cannot be restored.** * You can reset the OTP settings with the Recovery Phrases. # App settings How to Set-up Your NEOPIN App Settings

## 1. KYC Verification 1. Check the KYC verification status in **\[Settings]** tab - **\[KYC Verification]**.

* The certification status is displayed as "KYC required", "in progress", "rejected", or "completed". 2. Users who are "KYC required", "KYC in progress" or "KYC rejected" may have restrictions in using the NEOPIN service. Tab the **\[KYC Verification]** to check the KYC required products. 1. If you have not completed your KYC verification, you can verify by selecting **\[Verify]** button.

This is an example and may differ from the actual service.

3. Carefully review the information and once you select **\[Next]** button, It will redirect you to Veriff, NEOPIN's KYC partner. Then, verify by following on-screen instructions.

* The result of KYC verification will be updated on your **\[KYC Verification]** tab within 2–3 days from the date of request. * If the KYC verification review has been rejected, please check the details once again and request a re-examination. ## 2. Security In the **\[Settings]** tab > **\[Security]**, you can manage authentication and privacy features. ### **2-1 Authentication** In the **\[Settings]** tab > **\[Security]** > **\[Authentication]**, you can set authentication features such as Biometric Authentication, PIN Code and Two Factor Authentication (OTP). #### **2-1-1 Biometric Authentication** Click to enable / disable the biometric authentication to confirm your transaction #### **2-1-2 Change PIN Code** 1\. Enter your current PIN Code. If you have forgotten your current PIN Code, please proceed to [\[Reset PIN Code\]](https://docs.google.com/document/d/1Y0rkBTbBFj0hlNi0Tz3bgBs-B07rInutfYsVw3KMzzo/edit#heading=h.f3h2l9bs9d3t) using the recovery phrase. 2\. Enter the new PIN Code you want to use #### **2-1-3 Reset PIN Code** 1\. Click the **\[Settings]** tab > **\[Security]** > **\[Authentication]** > **\[Reset PIN Code]**. 2\. After entering the 24-word recovery phrase, you can reset the PIN Code

**2-1-4 Two Factor Authentication (OTP)** 1\. Authenticate with PIN Code (or biometric authentication) 2\. After downloading and installing Google Authenticator from Google Play Store or App Store, Click the **\[Next]** button. 3\. Enter your setup key in Google Authenticator to add your account, and click **\[Add]**. 4\. Enter the activated OTP code on the OTP authentication screen.

*\[Google Authenticator-OTP code activation]*

* Write down or copy the setup key and store it in a safe place. * If you replace or lose your mobile phone and reinstall Google Authenticator, you will need to re-register with the setup key. ### **2-2 Privacy** In the **\[Settings]** tab> **\[Security]** > **\[Privacy]**, you can set your application to be locked to access and check your Recovery Phrase. #### **2-2-1. App Lock** You can activate / deactivate your App Lock by authenticating with your 6-digit PIN Code or Biometric Authentication.

* If you enable Biometric Authentication, you can unlock the app more quickly. **2-2-2. Check the Recovery Phrase** Enter your 6-digit PIN Code or Biometric Authentication to check your Recovery Phrase.

* If the Recovery Phrase is lost, it cannot be recovered. * If you have replaced or lost your phone, or if you have deleted and reinstalled the NEOPIN App, you can restore your wallet by entering the Recovery Phrase. ## 3. Other settings * In the **\[Settings]** tab, you can manage all the necessary settings when using NEOPIN.

### ※ Delete Account ▶ **Account deletion is available only after all assets in the account are withdrawn.** **Case 1. Users with assets** * You cannot delete your account if you hold or have deposited assets worth more than $5 or 1 NFT in NEOPIN Wallet. * Return to the **\[Wallet]** tab, withdraw from all products, transfer all remaining assets to another wallet, and request for account deletion again. **Case 2. Users without assets** 1\. **\[Settings]** tab > **\[App\&Service Info]** > Click the **\[Permanently Delete Account]** button 2\. After reviewing the Account Deletion Policy, enter "I agree" at the bottom to permanently delete your account. 3\. When the deletion is complete, you will be directed to the home screen.

* Please store your Recovery Phrase or Private Key before you permanently delete your account from NEOPIN services. You will still be able to access to your asset by importing your Recovery Phrase or Private Key to other wallets. * Once your account is permanently deleted, you cannot sign up again with same wallet. However, you may still rejoin as a new wallet after the account deletion. * If KYC submission is required after you rejoin, you can resubmit your KYC verification request 60 days after you permanently delete your account. * **Once your account information and personal data in all NEOPIN services such as membership data is permanently deleted, they cannot be recovered. Please consider carefully before proceeding with the account deletion.** * Assets cannot be recovered if there are pending transactions. # NEOPIN Wallet How to Send and Receive assets on NEOPIN

## NEOPIN Wallet ## 1. Receive 1. Go to the **\[Wallet]** tab, click the **\[Receive]** button and select a token to receive * Or you can also go to the **\[Wallet]** tab, select a token to receive and click the **\[Receive]** button 2. A deposit address will be issued and make sure which network of the token is supported on NEOPIN. 3. Once you send tokens to the deposit address, the tokens will be transferred to your wallet after the transaction is completed.

* Please be sure to confirm the address and network before sending. Loss caused by sending to a wrong address or network cannot be recovered for any reason. * Depositing a token to an address other than the one issued or to the wrong network will result in the loss of the asset. ## 2. Send ### 2-1. Send 1. On the **\[Wallet]** tab, click the **\[Send]** button and select a token to send * Or you can also go to the **\[Wallet]** tab, select a token to send and click the **\[Send]** button 2. Select the network of the token you want to send. Ensure the network of the token before sending.

3. Enter the address you wish to send to or scan the address QR code. 4. Enter the quantity to be sent. 5. After reviewing the estimated summary, confirm the transaction with PIN Code to complete the transfer request.

* Be sure to check the address and network to be transferred before sending. Any loss caused by sending to a wrong address or network cannot be recovered for any reason. * You cannot send tokens to your own address. ## **3. Manage Token** By default, the token list consists of 11 tokens: **NPT, ETH, KLAY, npKLAY, npETH, MATIC, TRX, MBX, BORA, SSX and USDT**. ### **3-1. Add Token** 1. Click the **\[+]** button at the top right corner of the token list on the home screen. 2. Browse and select the token(s) you want to add to your NEOPIN wallet under "Hidden Tokens" section. * You can only add token(s) that are on the list. If you cannot find your token, it is not yet supported by NEOPIN. * If you would like NEOPIN to support a particular token, please suggest via 3. Click the toggle button on the left side of the token you want to add, and now you will be able to see the token on your asset list of the **\[Wallet]** * To hide the tokens from your asset list, simply untoggle the button next to the asset you want to hide.

### **3-2. Edit Token List** ***To change the order of the list*** 1. Tab **\[Reorder]** button on the top right in the Manage tokens section. Select and hold the token to change the order 2. Once the token selection is highlighted, move it up or down to change the order 3. Select **\[Confrim]** button on the top right to apply the change.

## **4. NFT** Various multi-chain NFTs are supported in NEOPIN. You can manage your NFTs and find the NFT details as follows: 1. Go to the **\[Wallet]** tab > **\[NFT]** tab 2. Browse the NFT collection name in the search bar and select the NFT collection.

* Depositing a token to an address other than the one issued or to the wrong network will result in the loss of the asset. * You can check the transaction history via block explorer. ### **4-1. Receive** 1. In your NFT Collection, click the the **\[Receive]** button 2. A deposit address will be issued and make sure which network of the NFT is supported on NEOPIN. 3. Once you send NFT to the deposit address, the NFT will be transferred to your wallet after the transaction is completed.

* Please be sure to confirm the address and network before sending. Loss caused by sending to a wrong address or network cannot be recovered for any reason. * Depositing a token to an address other than the one issued or to the wrong network will result in the loss of the asset. * Please check your NFT collection name and contract information to confirm that your NFT is supported in NEOPIN before making a transaction. Loss caused by sending an unsupported NFT to NEOPIN cannot be recovered. ### 4-2. Send 1. In your NFT Collection, select the NFT you want to send, and click the the **\[Send]** button 2. Enter the address or scan the address QR code. 3. Click the **\[Send]** button

4. After reviewing the summary, confirm the transaction with PIN Code to complete the transfer request. * Be sure to check the address and network to be transferred before sending. Any loss caused by sending to a wrong address or network cannot be recovered for any reason. * You cannot send tokens to your own address. * If you have a frequently sending address, you can use Address Book feature * [#2-2.-address-book](#2-2.-address-book "mention") ## **5. \[Web] Connect your NEOPIN Wallet** You can connect NEOPIN Wallet to use NEOPIN services on the web. Please follow the steps below to connect your wallet to the web for full access to the NEOPIN Web services. **Redirect to NEOPIN Web** {% embed url="" fullWidth="false" %} 1. Click on the **\[Connect Wallet]** button in the upper right corner of the NEOPIN Web to activate the QR code.

2. Open the NEOPIN App and scan the QR code displayed on the screen.

3. Scan the QR Code in the NEOPIN App

* Go to the **\[Wallet]** tab > click the **QR Code icon** in the upper left corner, or go to the **\[Settings]** tab > go to the **\[NEOPIN Wallet Connect]** tab > and click the **\[Connect Wallet]** button * Scan the QR code with the camera running. * Click the **\[Connect]** button on the confirmation page to complete the connection 4\. You are now ready to use the NEOPIN service on the web. ## **6. Approve** Approve is the smart contract process that grants users the right to access the product and is required only once, the first time they use the product. After the Approve process, you can continue with the product. ### **How to Approve** 1. If you are using the product with tokens for the first time, the **\[Approve]** button will appear. (Staking products interacts with the native coin of the networks, which does not require this process) 2. Click the **\[Approve]** button 3. After reviewing the transaction summary, click the **\[Approve]** button 4. Once the transaction is completed, click the **\[Confirm]** button to proceed to use the product.

## **7. Transaction** Networks like Ethereum and Polygon can set the transaction fees (gas costs). The shorter the transaction time is, the higher the fee becomes. (Fees may vary depending on network congestion and network conditions). In addition, as the transaction requests could take a moment to be confirmed, you can adjust your gas fee to speed up or cancel your transaction. ### **7-1. Set Gas Fee** 1. Click the "Edit icon" button next to the gas fee in Estimated Summary. 2. "Edit gas fee" window appears. 3. Select the gas fee option, “Standard”, “Slow” or “Express”. 4. Click the **\[Confirm]** button to apply the fee.

### **7-2. Speed Up the transaction** 1. Go to the **\[Wallet]** tab and select a "Clock icon" button on the top right conner to see the transaction activities. 2. Click the **\[Speed Up]** button of the transaction you want to speed up 3. Select the gas fee to speed up the transaction and click the **\[Confirm]** button 4. Enter the PIN Code and once the PIN Code is successfully authenticated, the transaction speed up request is complete.

### **7-3. Cancel the transaction** 1. Go to the **\[Wallet]** tab and select a "Clock icon" button on the top right conner to see the transaction activities 2. Click the **\[Cancel]** button of the transaction you want to cancel 3. Select the gas fee to cancel the transaction and click the **\[Confirm]** button 4. Enter the PIN Code and once the PIN Code is successfully authenticated, the transaction speed up request is complete.

### 8. Add Wallet #### 8-1. Add NEOPIN Wallet Once you create a NEOPIN wallet, you can generate up to 20 different multichain wallet addresses under the same UID. Each wallet is independent, with unique addresses and private keys. Manage your assets more efficiently with multiple multi-chain addresses, all within a single application. 1. Go to **\[Wallet]** tab and select the address section at the top center to access to the Switch Wallet page 2. Select **\[Add Wallet]** > **\[Add NEOPIN Wallet]** button 3. Review the list of available wallets and select the one you would like to add (distinguished by their EVM addresses)

4. Enter the PIN Code and complete the authentication process to use your wallet.

**\[Highly recommended] Store the private key of your newly added wallet in a safe place! Check** [#id-9.-export-neopin-wallet](#id-9.-export-neopin-wallet "mention") **for more details** > Notes: > > * Membership information and governance voting powers are tied to each individual wallet address. Therefore, each wallet may have different membership benefits and governance voting powers. > * If you reinstall or delete the application data, you'll need to re-add any previously added wallets. (No worries, your assets are on-chain and safe!) However, be sure to securely store the recovery phrase of your wallet and import the same one to regain access to them. > * You can edit the nickname or delete your wallets by selecting **\[Manage]** button on the top right of the Switch Wallet page. #### 8-2. Import External Wallet NEOPIN Wallet supports the import of external wallets using the recovery phrase or private key. You can easily import your existing wallets other than NEOPIN and manage all your assets within NEOPIN, a one-stop non-custodial DeFi protocol. 1. Go to **\[Wallet]** tab and select the address section at the top center to access to the Switch Wallet page. 2. Select **\[Add Wallet]** > **\[Add existing Wallet]** button and select the network of the wallet to import.

3. Set the nickname to the wallet and enter your Recovery Phrase or Private Key. 4. Select **\[Import Wallet]** button, Enter the PIN Code and complete the authentication process to use your imported wallet.

> Notes: > > * You cannot import wallets generated from NEOPIN with this method. If you wish to use a different NEOPIN Wallet, you'll need to delete and reinstall the application, then import your wallet following[Sign in (Import Wallet)](/get-started/sign-in-import-wallet). Be sure to store your recovery phrase or private key in a safe place before reinstalling the wallet. > * You can edit the nickname or delete your wallets by selecting **\[Manage]** button on the top right of the Switch Wallet page. ### 9. Export Wallet 1. Go to **\[Wallet]** tab and select the address section at the top middle 2. Tab the "3 dots" of your newly added wallet and select the network of your wallet to check the private key 1. Each network has different wallet address and private key, so please select the network of the wallet you would like to export 3. Enter your PIN Code and complete with authentication process 4. Take a note of the Private Key of the wallet and make sure to store them in a safe and secure place

{% hint style="danger" %} Make sure **NO ONE IS AROUND** when you view your private key. It is the key to accessing your wallet, and anyone with access to the private key can control the assets within the wallet. In other words, if you lose your private key, you will lose access to your assets in that wallet. {% endhint %} # Index Simplify your crypto investments and diversify your portfolio with a single transaction.

### Concept NEOPIN’s index product is akin to traditional financial Exchange-Traded Funds (ETFs) but tailored for the decentralized finance (DeFi). This index product allows users to invest in a diversified portfolio of crypto tokens with a single purchase. By holding an index token, users can enjoy the same effect as holding multiple assets simultaneously, mitigating risk through diversification. The primary benefit of using an index product is its simplicity and efficiency; it offers a straightforward way to diversify one's portfolio, reducing the need for constant monitoring and individual asset management. Furthermore, the index is periodically rebalanced to ensure optimal performance and risk management, providing users with a dynamic and responsive investment tool.

### **Key Benefits** 1. **Risk Management and Simplified Investment**: Index products allow users to spread their investments across a variety of assets, reducing the risk compared to holding a single asset. This helps mitigate the impact of volatility in the crypto market by balancing losses from underperforming assets with gains from better-performing ones. \ \ Periodic rebalancing ensures the portfolio remains aligned with its investment strategy, maintaining a specific risk level or following market trends. Investing in an index product simplifies the process of managing a portfolio as index token automatically provides exposure to a selected basket of assets without the user needing to manually select tokens to invest and rebalance their holdings periodically. 2. **No Research Needed to Follow Trends**: Index products are composed of tokens from promising projects selected and analyzed by NEOPIN’s analytics team, based on market trends. Through these index products, users can easily invest in trending and promising assets without the need for independent market research. 3. **Transparency, Security, and Interoperability**: As a decentralized product, transactions and holdings of index tokens are recorded on the blockchain, ensuring both transparency and security. Additionally, users can utilize index tokens within various decentralized finance (DeFi) services. This interoperability allows users to easily trade or leverage their index tokens both within the NEOPIN ecosystem and on external platforms, enhancing the utility and flexibility of their investments. 4. **Convenient User Experiences**: Users can easily participate in the index product with Ethereum (ETH), Tether USD(USDT), or USD Coin (USDC). As users enter the amount, the platform will recommend the best rate option for them to select, ensuring they get the most value for their investment. The NEOPIN Index product is designed to streamline the investment process, making it user-friendly and accessible for all types of investors.

### **Perfect for You, If You** * **Hope to reduce risk through a diversified portfolio**: This product is ideal for investors who aim to minimize risk by diversifying their investments across multiple assets. * **Find it difficult to select and invest in individual crypto assets**: If you find it challenging to choose and manage individual crypto assets, this product provides a convenient solution with a strict selection on trending tokens in the market. * **Desire to conveniently manage investment portfolios in one go**: Simply choose a trending theme and let the index manage the rest for you. Find the guide below on how to use in index product: {% content-ref url="/pages/BanJ4k0ZaUgdCKvrb27l" %} [Broken mention](broken://pages/BanJ4k0ZaUgdCKvrb27l) {% endcontent-ref %} {% content-ref url="/pages/fcIFxgGqQMA0CDcodqF2" %} [Broken mention](broken://pages/fcIFxgGqQMA0CDcodqF2) {% endcontent-ref %} {% hint style="warning" %} Note: the Index product simplifies the investment process on multiple tokens and the management of the portfolio. Thus, unlike earning products, it **does not generate yield** and **does not guarantee your principal**. {% endhint %} # How it works Our index product streamlines the process of investing in multiple crypto assets. When a user decides to buy or sell the index token, several mechanisms come into play: * **Flash Mint:** This feature allows users to mint new index tokens by providing the necessary entry assets (e.g., ETH, USDT, USDC). These assets are then swapped through a decentralized protocol like Uniswap for the tokens that comprise the index. * **Flash Redeem**: Users can redeem their index tokens for the underlying assets. They have the option to receive the individual tokens or swap them back for the original entry assets. * **Swap**: For smaller transactions, users can swap their entry tokens directly for index tokens or vice versa through swap pools. This feature provides flexibility and convenience for managing investments. Our product used historical data to backtest and validate the selection of tokens and the rebalancing parameters. This ensures that the allocation has not been overly concentrated in any single asset and each component token has had an effective allocation, promoting a balanced and diversified investment approach. {% content-ref url="/pages/nmmWeaIhHWjKd74OBCME" %} [Backtest](/earn-with-neopin/index/backtest) {% endcontent-ref %} # Backtest This is an example of backtest of RPI and all products will be examined through same process to decide relevant parameters and validate the product details. ### **Objectives** With selected component tokens, the backtest using historical data has been performed to assure factors as below: 1. **Optimal Rebalance Period**: How frequent the rebalance needs to be executed. 2. **Competitiveness**: How is holding the index token would be competitive compared to holding a single component token. 3. **Validate the component token performance:** Assure no component tokens have behaved in a way that introduces risks to the product. ### **Methods** 1. Used the historical dataset of components tokens during February 2023 to June 2024 from CoinMarketCap. 2. Applied a same rebalance logic with 30% Max. cap and 2% low threshold with assuming no slippage / swap fees included during the rebalancing. 1. The 30% max cap is applied in the allocation calculations by averaging raw value and the max cap. 2. The allocation lower than low threshold will be set to 0%. 3. Any excess weight is redistributed proportionally among the other tokens in the index. 3. Compared the price changes of the certain period to calculate the price change and profit and losses. ### **Rebalancing Frequency: Monthly vs. Quarterly** Even though prices of component tokens are volatile affecting the market capitalization to be volatile as well, the RPI product follows a square root of market capitalizaion methodology, which makes the allocation weight less volatile. *Figure 1* shows that the highest fluctuation of the largest component token, MKR, was within a 2.3% range during monthly rebalances, except for the time when the ONDO token was launched. Considering that performance of the index token does not have a significant difference between monthly or quarterly rebalancing, quarterly rebalancing was determined to be a reasonable period to reduce non-negligible operational costs that incurs during the rebalancing. *Figure 1. Changes in allocation weight of component tokens by rebalancing with different period: monthly (top) and quarterly (bottom)*

Monthly rebalancing case with max cap 30% and low threshold 2% applied. The number annotated shows the allocation weights (%) per token. There is no signicant fluctuation of the trends until ONDO was launched.

Quarterly rebalancing case with max cap 30% and low threshold 2% applied. The number annotated shows the allocation weights (%) per token.

### **Competitiveness Compared to Holding a Single Token** *Figure 2* below shows the price changes of the tokens on a logarithmic scale. As demonstrated, diversifying a portfolio can hedge risks when some tokens perform weakly while others perform strongly. For instance, from March 2023 to April 2024, the value of the RPI token would have been increasing monthly by 21.89% to 334.86%, even while the market was relatively flat. This reveals that the index token can provide more stable performance and enable secure diversification of portfolio to hedge. *Figure 2. Comparison of token price changes between index token and its component tokens.*

The price is in logarithmic scale for visibility on the price change, and the annotation refers to the price change of the token in % every 3 months.

Index token may incur a potential opportunity cost compared to holding a single outperforming token, such as OM, which performed exceptionally well from November 2023 to April 2024. However, it could also work the other way around in a bear market. For example, the index token was down only 5% when MKR, GFI, and PRO were down 15% to 30% during April to June 2024. This demonstrates the protective benefits of diversification in reducing losses during market downturns. *Figure 2* also suggests that the no components tokens have introduced risks or volatility to the index product in terms of their price changes. ### **Profit and Loss Comparison** *Figure 3* compares the profit and losses by holding the RPI token (red) versus component token (blue) since February 2023. This comparison illustrates that while diversification provides risk mitigation, it might miss out on substantial gains from a single, high-performing asset. *Figure 3. Profit and Loss comparison between index token and component tokens: MKR (top) and OM (bottom)*

PnL comparison between RPI and MKR, and the annotation shows the profit / loss rate (%). 100 means 2x of the principal compared to the initial investment time, February 2023.

RPI vs. OM

PnL comparison between RPI and OM, and the annotation shows the profit / loss rate (%). 100 means 2x of the principal compared to the initial investment time, February 2023.

*Appendix: Bitcoin(top) and Ethereum(bottom) price from March 2023 \~ June 2024, for the reference of performance of RPI*

Bitcoin price from March 2023 ~ June 2024, from CoinMarketCap. Holding ROI around 200%

Ethereum price from March 2023 ~ June 2024, from CoinMarketCap. Holding ROI around 232%

# RWA Project Index (RPI) ### **Background** Real World Assets (RWA) refer to physical assets that are tokenized and brought onto blockchain networks, enabling them to be traded, invested in, and managed digitally. These assets can include real estate, commodities, bonds, and other tangible items. The trend of integrating RWAs into Web3 is gaining traction because it promises to enhance liquidity, transparency, and accessibility in traditionally illiquid and opaque markets. By leveraging blockchain technology, RWAs can be fractionalized, allowing smaller investors to participate in markets that were previously inaccessible. Additionally, the immutable and decentralized nature of blockchain ensures secure and efficient transactions, further driving the interest in RWAs within the Web3 ecosystem. Another advantage of RWA products is their ability to provide predictable fixed earning rates, which offer a stable investment option in the otherwise volatile crypto market. This stability is particularly appealing to risk-averse investors seeking steady returns. The market for RWAs is experiencing significant growth, reflecting the increasing interest and investment in this space. According to Korbit research, the RWA product TVL has grown from $700 million to $5.7 billion by 2023, and The Boston Consulting Group (BCG) has projected that the RWA market will grow to $16 trillion by 2030. Furthermore, the total value of assets managed on decentralized finance (DeFi) platforms that incorporate RWAs has exceeded $1.5 billion, according to DeFi Pulse. This trend is also evident in the number of projects and protocols focused on RWAs, such as Ondo Finance, which has facilitated over $500 million in products backed by real-world assets. These figures highlight the potential and the rapid growth of RWAs in the Web3 landscape. Thus, to follow the demand of the market, NEOPIN has selected initial component tokens of trending RWA projects as below: * **Initial Set Up** | Name | Symbol | Price ($) | Market Cap ($) | Allocation | DEX TVL (M, $) | Token Contract | | ------------- | ------ | --------- | ---------------- | ---------- | -------------- | --------------------------------------------------------------------------------------------------------------------- | | **Maker** | MKR | $2,379.74 | 2,208,177,063.32 | 29.10% | 48.8 | [0xe8c6c9227491C0a8156A0106A0204d881BB7E531](https://etherscan.io/address/0xe8c6c9227491C0a8156A0106A0204d881BB7E531) | | **Ondo** | ONDO | $1.12 | 1,551,138,073.40 | 24.68% | 11.3 | [0x7b1E5D984A43eE732de195628d20d05CFaBc3cC7](https://etherscan.io/address/0x7b1E5D984A43eE732de195628d20d05CFaBc3cC7) | | **Pendle** | PENDLE | $5.41 | 835,141,193.83 | 18.22% | 2.1 | [0x57aF956d3E2cCa3B86f3D8C6772C03ddca3eAacB](https://etherscan.io/address/0x57aF956d3E2cCa3B86f3D8C6772C03ddca3eAacB) | | **MANTRA** | OM | $0.72 | 567,738,696.00 | 14.95% | 4 | [0xe46935aE80E05cdEbD4a4008B6ccaA36d2845370](https://etherscan.io/address/0xe46935aE80E05cdEbD4a4008B6ccaA36d2845370) | | **Propy** | PRO | $1.54 | 153,739,970.21 | 7.64% | 0.595 | [0xC7Cf089FB4BC91F1981dF2285ca019Ab09A5dd3B](https://etherscan.io/address/0xC7Cf089FB4BC91F1981dF2285ca019Ab09A5dd3B) | | **Goldfinch** | GFI | $2.62 | 76,465,920.58 | 5.41% | 1.8 | [0x2A4d547Ea2c35D03A501a8BB5d12d81D0a222dC5](https://etherscan.io/address/0x2A4d547Ea2c35D03A501a8BB5d12d81D0a222dC5) | > *The parameters are updated with the data from CoinmarketCap and Uniswap on 17/06/2024. The component tokens may be updated as the market capitalization changes over time.* ### **Methodology** Our methodology involves selecting and weighting tokens based on their market capitalization. To prevent over-concentration, we cap the allocation of any single token at 30%. Excess weight is redistributed proportionally among the other tokens in the index. The selection criteria include factors like network compatibility (Ethereum ERC20), market cap, liquidity, project history, and security reviews. These standards ensure that only high-quality, stable tokens are included in the index. If you would like to see the full details, please see **\[View Details]** > **\[Methodology]** of the [product details ](https://app.neopin.io/index/detail/?chain=ETH\&name=INDEX-rwa) > Notes: > > * Allocation calculation logic with 30% Max. cap and 2% low threshold with assuming no slippage / swap fees included during the rebalancing. > 1. The 30% max cap is applied in the allocation calculations by averaging raw value and the max cap. > 2. The allocation lower than low threshold will be set to 0%. > 3. Any excess weight is redistributed proportionally among the other tokens in the index. > * GFI's allocation has been set to 0% prior to official launch due to the instability of the project and DEX TVL. ### **Maintenance** {% hint style="info" %} *Please note the index product rebalancing interval has been updated as of 25/03/2025 to consider the gas price consumption and the effectiveness of rebalancing.* {% endhint %} The RWA Project Index is maintained in every 6 month, with updates occurring in two phases: * Determination Phase: During the third week of each rebalancing month, we review and determine the necessary changes for the next quarter. This involves analyzing price and market cap data to ensure the index remains balanced and reflective of the current market. * Reconstitution Phase: Adjustments, additions, and deletions of index components are implemented on the first business day of the quarter. This ensures that the index adapts to market changes and continues to provide optimal diversification and risk management. *Find the rebalancing history as below:* {% content-ref url="/pages/ZU0zH7mcPf6sR3cDheR5" %} [\[RPI\] Rebalancing History](/earn-with-neopin/index/rwa-project-index-rpi/rpi-rebalancing-history) {% endcontent-ref %} By leveraging these methodologies, the RWA Project Index provides a robust and dynamic investment product that adapts to market conditions while maintaining a stable and diversified portfolio.
# \[RPI] Rebalancing History ### Next Rebalancing 2025 Q4 ### Last Rebalancing {% content-ref url="/pages/oSV4ElyoRI7gBY4Z2lkO" %} [\[RPI\] 14.04.2025 Rebalance](/earn-with-neopin/index/rwa-project-index-rpi/rpi-rebalancing-history/rpi-14.04.2025-rebalance) {% endcontent-ref %} # \[RPI] 28.08.2024 Rebalance ### Background Rebalancing occurred as part of a product review prior to its launch, following a market shift two-month period after the initial settings. ### Status

The target rebalancing ratio and Real Unit (R.U.) are calculated using CoinMarketCap data (price and market cap) as of 03/09/2024, 00:00 UTC. The Rebalancing R.U. represents the actual outcomes after executing the rebalancing function, aligned with the previously calculated target values.

During this rebalancing total $43.75 was swapped to reallocate the weights and 1.53% of slippage has occurred due to swap fees and the price impact, which is 0.135% of total market cap.

Sold (token > WETH)	Bought (WETH > token)	slippage	slippage in total
$43.75	$43.08	1.53%	0.135%

### Changes The Goldfinch (GFI) token has been removed from the components due to a significant decline in its DEX pool TVL, which has dropped from $1.8M to $390K within two months. Additionally, the team's lack of active engagement and growing negative sentiment within the community regarding the sustainability of Goldfinch products have contributed to this decision. # \[RPI] 02.01.2025 Rebalance {% hint style="warning" %} *Please note that the target ratio and real unit is calculated during the determination phase, and there may be a slight difference from the actual results due to the market volatility until the rebalancing date.* {% endhint %} ### Background Parameter calculated for rebalancing for 2025 Q1. The parameters are set as below and the rebalancing will be conducted on 02/01/2025. ### Status **Determination Phase**

The target rebalancing ratio and Real Unit (R.U.) are calculated using CoinMarketCap data (price and market cap) as of 23/12/2024, 00:00 UTC.

**Reconstitution Phase**

The Rebalancing R.U. represents the actual outcomes after executing the rebalancing function, aligned with the previously calculated target values.

During this rebalancing total $847.59 was swapped to reallocate the weights and 1.75% of slippage has occurred due to swap fees and the price impact, which is 0.238% of total market cap.

Sold (token > WETH)	Bought (WETH > token)	slippage	slippage in total
$847.59	$832.75	1.75%	0.238%

### Updates No changes on token components as all component tokens of RPI were satisfying the criteria of the token selection. MKR ratio will increase by 8.15% while OM and ONDO ratio will be reduced by 11.07% and 1.98%, respectively. # \[RPI] 27.03.2025 Rebalance {% hint style="warning" %} *Please note that the target ratio and real unit is calculated during the determination phase, and there may be a slight difference from the actual results due to the market volatility until the rebalancing date.* {% endhint %} {% hint style="info" %} *Notice on 25/03/2025: Q2 2025 Rebalance will be executed on 27/03/2025, a few days earlier than the original date, due to the operational circumstances* {% endhint %} ### Background Parameter calculated for rebalancing for 2025 Q2. The parameters are set as below and the rebalancing will be conducted on 27/03/2025. ### Status **Determination Phase**

The target rebalancing ratio and Real Unit (R.U.) are calculated using CoinMarketCap data (price and market cap) as of 25/03/2025, 00:00 UTC.

**Reconstitution Phase**

During this rebalancing total $872.45 was swapped to reallocate the weights and 0.19% of slippage has occurred due to swap fees and the price impact, which is 0.026% of total market cap.

Sold (token > WETH)	Bought (WETH > token)	slippage	slippage in total
$872.45	$870.80	0.19%	0.026%

### Updates PRO to be dropped due to its low liquidity on the Uniswap pool. (TVL = $290k, as of 25/03/2025) # \[RPI] 14.04.2025 Rebalance {% hint style="warning" %} *Please note that the target ratio and real unit is calculated on 14/4 UTC 00:00, and there may be a slight difference from the actual results due to the market volatility until the rebalancing time.* {% endhint %} {% hint style="info" %} *Notice: due to the Mantra ($OM) incident, the rebalancing had to be performed with following reasons:*\ *1. ONDO token had a composition ratio more than 45%*\ *2. OM token now has a potential risks on the liquidity on DEX due to the significant price drop* {% endhint %} ### Background Parameter calculated for rebalancing for 14/4/2025. ### Status **Determination Phase**

The target rebalancing ratio and Real Unit (R.U.) are calculated using CoinMarketCap data (price and market cap) as of 14/04/2025, 00:00 UTC.

**Reconstitution Phase**

During this rebalancing total $281.85 was swapped to reallocate the weights and 1.07% of slippage has occurred due to swap fees and the price impact, which is 0.117% of total market cap.

Sold (token > WETH)	Bought (WETH > token)	slippage	slippage in total
$281.85	$278.84	1.07%	0.117%

### Updates OM has been dropped due to significant price drop and potential risks of the liquidity. # Ethereum Family Index (EFI) ### **Background** The Ethereum Family Index focuses on the most prominent and influential projects within the Ethereum ecosystem, highlighting Ethereum’s dominant presence in the blockchain scene. Ethereum is renowned for its smart contract capabilities, which have enabled the creation of decentralized applications (dApps), decentralized finance (DeFi) platforms, and numerous other innovations in the blockchain space. By integrating key Ethereum-based projects, the Ethereum Family Index allows investors to gain exposure to the core elements driving the growth and development of the Ethereum network. This index product includes tokens from major projects on Ethereum, offering a diversified portfolio that leverages the stability and innovation of the Ethereum ecosystem. The Ethereum ecosystem is vast and continuously evolving. As of June 2024, Ethereum's market capitalization surpassed $400 billion, making it the second-largest cryptocurrency by market cap. Ethereum powers over 60% of all decentralized applications (dApps) in the blockchain space. Liquid staking derivatives (LSD-Fi) have grown significantly within the Ethereum network, with platforms like Lido collectively managing billions of dollars in staked assets. The concept of restaking is gaining traction, enabling users to enhance their yield by staking ETH multiple times. These figures and trends highlight the extensive utility and continuous innovation within the Ethereum ecosystem, making the Ethereum Family Index a strategic choice for investors looking to capitalize on the growth of blockchain technology * **Initial Set Up**

Name	Token	Price ($)	marketCap ($)	Allocation	DEX TVL ($ 1M)	Token Contract
Ethereum	ETH	$3,432.89	$412,589,000,000	57.75%	-	-
Ethena	ENA	$0.53	$808,396,600	5.76%	6.5	0x57e114B691Db790C35207b2e685D4A43181e6061
Pendle	PENDLE	$5.06	$783,721,300	5.68%	1.6	0x808507121B80c02388fAd14726482e061B8da827
Metis	METIS	$48.04	$273,151,800	3.35%	3	0x9E32b13ce7f2E80A01932B42553652E053D6ed8e
Ether.fi	ETHFI	$3.08	$355,365,800	3.82%	1.4	0xFe0c30065B384F05761f15d0CC899D4F9F9Cc0eB
Lido DAO	LDO	$1.97	$1,762,111,000	8.51%	5	0x5A98FcBEA516Cf06857215779Fd812CA3beF1B32
Uniswap	UNI	$9.27	$5,562,770,000	15.12%	31.3	0x1f9840a85d5aF5bf1D1762F925BDADdC4201F984

> *The parameters are updated with the data from CoinmarketCap and Uniswap on 30/06/2024. The component tokens may be updated as the market capitalization changes over time.* **Methodology** Our methodology involves selecting and weighting tokens based on their market capitalization. To prevent over-concentration, we cap the allocation of any single token at 40%. Excess weight is redistributed proportionally among the other tokens in the index. The selection criteria include factors like network compatibility (Ethereum ERC20), market cap, liquidity, project history, and security reviews. These standards ensure that only high-quality, stable tokens are included in the index. If you would like to see the full details, please see **\[View Details]** > **\[Methodology]** of the [product details](https://app.neopin.io/index/detail/?chain=ETH\&name=INDEX-ethereum) > Notes: > > * Allocation calculation logic with 40% Max. cap and 2% low threshold with assuming no slippage / swap fees included during the rebalancing. > 1. The 40% max cap is applied in the allocation calculations by averaging raw value and the max cap. > 2. The allocation lower than low threshold will be set to 0%. > 3. Any excess weight is redistributed proportionally among the other tokens in the index. **Maintenance** {% hint style="info" %} *Please note the index product rebalancing interval has been updated as of 25/03/2025 to consider the gas price consumption and the effectiveness of rebalancing.* {% endhint %} The Ethereum Family Index is maintained in every 6 months, with updates occurring in two phases: * Determination Phase: During the third week of each rebalancing month, we review and determine the necessary changes for the next quarter. This involves analyzing price and market cap data to ensure the index remains balanced and reflective of the current market. * Reconstitution Phase: Adjustments, additions, and deletions of index components are implemented on the first business day of the quarter. This ensures that the index adapts to market changes and continues to provide optimal diversification and risk management. *Find the rebalancing history as below:* {% content-ref url="/pages/HqSzyMPrpcFHaKJexLDl" %} [\[EFI\] Rebalancing History](/earn-with-neopin/index/ethereum-family-index-efi/efi-rebalancing-history) {% endcontent-ref %} By leveraging these methodologies, the Ethereum Family Index provides a robust and dynamic investment product that adapts to market conditions while maintaining a stable and diversified portfolio. \
# \[EFI] Rebalancing History ### Next Rebalancing 2025 Q4 ### Last Rebalancing {% content-ref url="/pages/NXZ9cESk3UATZOMluhlZ" %} [\[EFI\] 27.03.2025 Rebalance](/earn-with-neopin/index/ethereum-family-index-efi/efi-rebalancing-history/efi-27.03.2025-rebalance) {% endcontent-ref %} # \[EFI] 09.09.2024 Rebalance ### Background Rebalancing occurred as part of a product review prior to its launch, following a market shift two-month period after the initial settings. ### Status

During this rebalancing total $16.10 was swapped to reallocate the weights and 1.35% of slippage has occurred due to the swap rates of the connected pools which is 0.060% of total market cap.

Sold (token > WETH)	Bought (WETH > token)	slippage	slippage in total
$16.10	$15.88	1.35%	0.060%

### Changes No changes on the components token, but adjusted the dominance of ETH to be less than before. # \[EFI] 02.01.2025 Rebalance {% hint style="warning" %} *Please note that the target ratio and real unit is calculated during the determination phase, and there may be a slight difference from the actual results due to the market volatility until the rebalancing date.* {% endhint %} ### Background Parameter calculated for rebalancing for 2025 Q1. The parameters are set as below and the rebalancing will be conducted on 02/01/2025. ### Status **Determination Phase**

**Reconstitution Phase**

During this rebalancing total $1,367.06 was swapped to reallocate the weights and 0.73% of slippage has occurred due to swap fees and the price impact, which is 0.075% of total market cap.

Sold (token > WETH)	Bought (WETH > token)	slippage	slippage in total
$1,367.06	$1,357.12	0.73%	0.075%

### Updates No changes on token components as all component tokens of RPI were satisfying the criteria of the token selection. WETH ratio will increase by 9.51% while ENA and UNI ratio will be reduced by 4.61% and 4.37%, respectively. # \[EFI] 27.03.2025 Rebalance {% hint style="warning" %} *Please note that the target ratio and real unit is calculated during the determination phase, and there may be a slight difference from the actual results due to the market volatility until the rebalancing date.* {% endhint %} {% hint style="info" %} *Notice on 25/03/2025: Q2 2025 Rebalance will be executed on 27/03/2025, a few days earlier than the original date, due to the operational circumstances* {% endhint %} ### Background Parameter calculated for rebalancing for 2025 Q2. The parameters are set as below and the rebalancing will be conducted on 27/03/2025. ### Status **Determination Phase**

**Reconstitution Phase**

During this rebalancing total $303.06 was swapped to reallocate the weights and -3.71% of slippage has occurred due to swap fees and the price impact, which is -0.085% of total market cap. \*minus slippage has occured due to the usage of extra ETH.

Sold (token > WETH)	Bought (WETH > token)	slippage	slippage in total
$303.06	$314.31	-3.71%	-0.085%

### Updates N/A # AI Titans Index (ATI) ## **Background** The rise of AI in the market has been phenomenal, with AI technology becoming a global trend across various industries. As of 2023, the AI market is valued at over $150 billion and is projected to exceed $460 billion by 2028, growing at a compound annual growth rate (CAGR) of 25.1% (source: [GlobeNewswire](https://www.globenewswire.com/news-release/2024/02/02/2822901/0/en/Artificial-Intelligence-Market-2023-2028-Forecasts-USD-460-89-Bn-Valuation-by-2028.html)). This growth is driven by advancements in machine learning, natural language processing, and data analytics. AI applications in Web 3 are rapidly gaining traction, with projects focusing on decentralized AI, AI-driven DeFi solutions, and AI-enhanced security protocols by leveraging the power of decentralized technology to enhance data security, transparency, and efficiency in AI applications. The AI Titans Index allows investors to gain exposure to these cutting-edge projects’ tokens, offering a diversified portfolio that captures the innovative spirit of AI in the decentralized world. * Initial set up

Name	Token	Price ($)	marketCap ($)	Allocation	DEX TVL ($ 1M)	Token Contract
Render	RNDR	$7.68	$2,984,363,000	30.03%	3	0x6De037ef9aD2725EB40118Bb1702EBb27e4Aeb24
The Graph	GRT	$0.21	$2,009,655,000	24.67%	3.1	0xc944E90C64B2c07662A292be6244BDf05Cda44a7
AIOZ Network	AIOZ	$0.55	$612,610,300	13.62%	3.6	0x626E8036dEB333b408Be468F951bdB42433cBF18
Arkham	ARKM	$1.79	$365,988,500	10.53%	0.673	0x6E2a43be0B1d33b726f0CA3b8de60b3482b8b050
Worldcoin	WLD	$2.46	$633,306,600	13.85%	0.987	0x163f8C2467924be0ae7B5347228CABF260318753
Zignaly	ZIG	$0.12	$175,751,000	7.30%	1.8	0xb2617246d0c6c0087f18703d576831899ca94f01

> *The parameters are updated with the data from CoinmarketCap and Uniswap on 30/06/2024. The component tokens may be updated as the market capitalization changes over time.* **Methodology** Our methodology involves selecting and weighting tokens based on their market capitalization. To prevent over-concentration, we cap the allocation of any single token at 30%. Excess weight is redistributed proportionally among the other tokens in the index. The selection criteria include factors like network compatibility (Ethereum ERC20), market cap, liquidity, project history, and security reviews. These standards ensure that only high-quality, stable tokens are included in the index. If you would like to see the full details, please see **\[View Details]** > **\[Methodology]** of the [product details](https://app.neopin.io/index/detail/?chain=ETH\&name=INDEX-ai) > Notes: > > * Allocation calculation logic with 30% Max. cap and 2% low threshold with assuming no slippage / swap fees included during the rebalancing. > 1. The 30% max cap is applied in the allocation calculations by averaging raw value and the max cap. > 2. The allocation lower than low threshold will be set to 0%. > 3. Any excess weight is redistributed proportionally among the other tokens in the index. > * RNDR has been replaced with FET prior to official launch due to the token migration to Solana Network. **Maintenance** {% hint style="info" %} *Please note the index product rebalancing interval has been updated as of 25/03/2025 to consider the gas price consumption and the effectiveness of rebalancing.* {% endhint %} The AI Titans Index is maintained in every 6 month, with updates occurring in two phases: * Determination Phase: During the third week of each rebalancing month, we review and determine the necessary changes for the next quarter. This involves analyzing price and market cap data to ensure the index remains balanced and reflective of the current market. * Reconstitution Phase: Adjustments, additions, and deletions of index components are implemented on the first business day of the quarter. This ensures that the index adapts to market changes and continues to provide optimal diversification and risk management. *Find the rebalancing history as below:* {% content-ref url="/pages/UDG8F5k9GPjxkzHQ6F1p" %} [\[ATI\] Rebalancing History](/earn-with-neopin/index/ai-titans-index-ati/ati-rebalancing-history) {% endcontent-ref %} By leveraging these methodologies, the AI Titans Index provides a robust and dynamic investment product that adapts to market conditions while maintaining a stable and diversified portfolio. \
# \[ATI] Rebalancing History ### Next Rebalancing 2025 Q4 ### Last Rebalancing {% content-ref url="/pages/O4aoD0rPmcV6KxPtg6yG" %} [\[ATI\] 27.03.2025 Rebalance](/earn-with-neopin/index/ai-titans-index-ati/ati-rebalancing-history/ati-27.03.2025-rebalance) {% endcontent-ref %} # \[ATI] 09.09.2024 Rebalance ### Background Rebalancing occurred as part of a product review prior to its launch, following a market shift two-month period after the initial settings. ### Status

During this rebalancing total $112.54 was swapped to reallocate the weights and 2.04% of slippage has occurred due to the swap rates of the connected pools which is 0.721% of total market cap.

Sold (token > WETH)	Bought (WETH > token)	slippage	slippage in total
$112.54	$110.24	2.04%	0.721%

* WETH (Left Over) is the left over amount of WETH that is not swapped to other tokens. If you redeem with component tokens, you will receive the WETH as well. ### Changes The Render (RENDER, formerly RNDR) token has been removed from the components due to a migration to Solana Network. Instead of Render, Artificial Superintelligence Alliance (FET) token has been selected as a new AI project on Ethereum Network.

Name	Token	Price ($)	marketCap ($)	DEX TVL ($ 1M)	Token Contract
Artificial Superintelligence Alliance	FET	$1.24	$3,112,267,949	9.2	0xaea46A60368A7bD060eec7DF8CBa43b7EF41Ad85

* **Ethereum Network Availability (ERC20)**: FET is available as an ERC20 token on the Ethereum network following the migration. * **AI Category and Tier 1 Exchange**: FET falls into the AI token category on platforms such as CoinMarketCap * **Not a Security**: There is no current indication that the FET token is considered a security. * **Bearer Instrument and No Wrapping**: FET is a utility token for the Artificial Superintelligence Alliance, and it is not a wrapped token, tokenized derivative, or tied to a physical asset. * **Market Cap**: FET’s market capitalization is well above $100 million, standing at over $3.1 billion (CMC on 03/09). * **DEX Liquidity**: Fetch.AI tokens can be traded on decentralized exchanges (DEXs) with 9.1M liquidity on Ethereum (Uniswap on 03/09) * **Project Traction**: New merged project of ASI might be a new one, but AGIX, OCEAN and Fetch.AI has been operational for over three months, with significant history and usage within the decentralized AI space. # \[ATI] 02.01.2025 Rebalance {% hint style="warning" %} *Please note that the target ratio and real unit is calculated during the determination phase, and there may be a slight difference from the actual results due to the market volatility until the rebalancing date.* {% endhint %} ### Background Parameter calculated for rebalancing for 2025 Q1. The parameters are set as below and the rebalancing will be conducted on 02/01/2025. ### Status **Determination Phase**

**Reconstitution Phase**

During this rebalancing total $602.89 was swapped to reallocate the weights and 5.6% of slippage has occurred due to swap fees and the price impact, which is 0.442% of total market cap.

Sold (token > WETH)	Bought (WETH > token)	slippage	slippage in total
$602.89	$569.14	5.60%	0.442%

### Changes No changes on token components as all component tokens of RPI were satisfying the criteria of the token selection. AIOZ ratio will be reduced by 5.61% while WLD and FET ratio will increase by 4.69% and 3.83%, respectively. # \[ATI] 27.03.2025 Rebalance {% hint style="warning" %} *Please note that the target ratio and real unit is calculated during the determination phase, and there may be a slight difference from the actual results due to the market volatility until the rebalancing date.* {% endhint %} {% hint style="info" %} *Notice on 25/03/2025: Q2 2025 Rebalance will be executed on 27/03/2025, a few days earlier than the original date, due to the operational circumstances* {% endhint %} ### Background Parameter calculated for rebalancing for 2025 Q2. The parameters are set as below and the rebalancing will be conducted on 27/03/2025. ### Status **Determination Phase**

**Reconstitution Phase**

During this rebalancing total $1,104.15 was swapped to reallocate the weights and 1.70% of slippage has occurred due to swap fees and the price impact, which is 0.245% of total market cap.

Sold (token > WETH)	Bought (WETH > token)	slippage	slippage in total
$1,104.15	$1,085.43	1.70%	0.245%

### Updates ARKM and WLD to be dropped due to low liquidity on the Uniswap pool. (TVL = $330k and $40.4k, respectively, as of 25/03/2025) # \[App] Index Guide ## 1. **Buy** 1. Go to the **\[Earn]** tab > Select **\[Index]** in the Discover section

2. Choose a product you want to invest in.

3. Carefully review the product information, and choose the token you want to use to acquire Index tokens. Entry tokens available are ETH, USDT or USDC. * The minimum deposit is 0.001 ETH, 0.1 USDT and 0.1 USDC

4. Enter the amount of your entry token and review the options between Flash Mint and Swap. Choose one option and proceed by selecting the **\[Mint]** or **\[Swap]** button according to your option choice. * The option with best return in terms of estimated amount and considering gas fees is automatically recommended. * Flash Mint is suited for large size transactions while Swap is suited for small size transactions. * USDC does not support the swap option for now. * As both Flash Mint and Swap options include swaps, users can also set the slippage tolerance as the deposit process includes stable swap between utilized assets. The default is set to 0.5%.

5. Review the estimates and enter the PIN Code. Please make sure to review and agree to the "Terms of Use" before a transaction.

6. You may check your Index tokens in the **\[My Token]** section.

> Notes: > > * If this is your first time using a product with USDT or USDC, a one-time approval is required to proceed with each option: Flash Mint and Swap. >[#6.-approve](https://docs.neopin.io/get-started/neopin-wallet#6.-approve) > * The Flash Mint option involves swaps using Uniswap. As the transaction progresses, swap fees and slippage may occur due to the execution of logic, which is considered within the price impact value shown in the product details. > * If you transact with a large amount, the high price impact may incur. If you proceed with smaller amounts in separate actions, it will reduce the price impact. ## 2. Sell 1. Go to the **\[Earn]** tab > Select **\[Index]** in the Discover section and choose a product you want to redeem from. 2. Select the **\[Sell]** tab on the top of the input field and carefully review the product information.

3. Enter the amount of your index token and review the options between Flash Redeem and Swap. Choose one option and proceed by selecting the **\[Redeem]** or **\[Swap]** button according to your option choice. * The option with best return in terms of estimated amount and considering gas fees is automatically recommended. * Flash Redeem is suited for large size transactions while Swap is suited for small size transactions. * As both Flash Redeem - ETH and Swap options include swaps, users can also set the slippage tolerance as the deposit process includes stable swap between utilized assets. The default is set to 0.5%. * Flash Redeem - Components option returns components tokens from vault directly to users and does not include swap in the process.

4. Review the estimates and enter the PIN Code. Please make sure to review and agree to the "Terms of Use" before a transaction.

5. You may check your redeemed tokens in the **\[Wallet]** > **\[Balance]** section. > Notes: > > * If this is your first time using a product with RPI, a one-time approval is required to proceed with each option: Flash Redeem and Swap. >[#6.-approve](https://docs.neopin.io/get-started/neopin-wallet#6.-approve) > * The Flash Redeem-ETH options involve swaps using Uniswap. As the transaction progresses, swap fees and slippage may occur due to the execution of logic, which is considered within the price impact value shown in the product details. > * If you transact with a large amount, the high price impact may incur. If you proceed with smaller amounts in separate actions, it will reduce the price impact. # \[Web] Index Guide ## 1. Connect your wallet To use the Index service on the NEOPIN Web, you need to connect your wallet first. Click the **\[Connect Wallet]** button and select the wallet you would like to connect. \ \ For NEOPIN wallet users, please refer to the section below to connect your wallet to the web for full access to the NEOPIN Web services.\ \ ▶ Review details on[ #5.-web-connect-your-neopin-wallet](https://docs.neopin.io/get-started/neopin-wallet#5.-web-connect-your-neopin-wallet) ## 2. Buy 1. Go to the **\[Index]** tab and choose a product you want to invest in.

2. Carefully review the product information, and choose the token you want to use to acquire Index tokens. Entry tokens available are ETH, USDT or USDC. * The minimum deposit is 0.001 ETH, 0.1 USDT and 0.1 USDC

3. Enter the amount of your entry token and review the options between Flash Mint and Swap. Choose one option and proceed by selecting the **\[Mint]** or **\[Swap]** button according to your option choice. * The option with best return in terms of estimated amount and considering gas fees is automatically recommended. * Flash Mint is suited for large size transactions while Swap is suited for small size transactions. * USDC does not support the swap option for now. * As both Flash Mint and Swap options include swaps, users can also set the slippage tolerance as the deposit process includes stable swap between utilized assets. The default is set to 0.5%.

4. Please make sure to review the estimates and agree to the "Terms of Use" before a transaction. Then, please confirm the transaction in your connected wallet. * If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the **\[Confirm]** button in the NEOPIN App and enter the PIN Code to complete the process.

5. Once the PIN Code is successfully authenticated, the transaction is complete. 6. You may check your Index tokens in the **\[My Token]** section. > Notes: > > * If this is your first time using a product with USDT or USDC, a one-time approval is required to proceed with each option: Flash Mint and Swap. >[#6.-approve](https://docs.neopin.io/get-started/neopin-wallet#6.-approve) > * The Flash Mint option involves swaps using Uniswap. As the transaction progresses, swap fees and slippage may occur due to the execution of logic, which is considered within the price impact value shown in the product details. > * If you transact with a large amount, the high price impact may incur. If you proceed with smaller amounts in separate actions, it will reduce the price impact. ## 3. Sell 1. Go to the **\[Index]** tab > Select **\[Index]** in the Discover section and choose a product you want to redeem from. 2. Select the **\[Sell]** tab on the top of the input field and carefully review the product information.

5. Once the PIN Code is successfully authenticated, the transaction is complete. 6. You may check your redeemed tokens on your wallet **\[Balance]** section. > Notes: > > * If this is your first time using a product with RPI, a one-time approval is required to proceed with each option: Flash Redeem and Swap. >[#6.-approve](https://docs.neopin.io/get-started/neopin-wallet#6.-approve) > * The Flash Redeem-ETH options involve swaps using Uniswap. As the transaction progresses, swap fees and slippage may occur due to the execution of logic, which is considered within the price impact value shown in the product details. > * If you transact with a large amount, the high price impact may incur. If you proceed with smaller amounts in separate actions, it will reduce the price impact. # Derivatives Simple. Personalized. Earn.

## Multiple Yield Farming Protocol based on AI NEOPIN offers the multiple yield farming protocol based on AI that allows users to earn higher rewards with greater stability than other products based on the relatively stable assets such as RWA and major coins such as ETH. NEOPIN’s proprietary AI algorithm analyzes and provides the optimal and personalized asset management user experience. More AI powered derivatives will be supported in the future and NEOPIN's AI algorithm will be enhanced with more data to provide simple and seamless user experience to manage your asset. Please see the details of NEOPIN AI products below: {% content-ref url="/pages/RPfvBzeNn1Vlg2p9vjeh" %} [RWA](/earn-with-neopin/derivatives/rwa) {% endcontent-ref %} {% content-ref url="/pages/v7YxY5HP3egdPzXgBqIo" %} [Yield Aggregator](/earn-with-neopin/derivatives/yield-aggregator) {% endcontent-ref %} # RWA Real World Asset (RWA) products are backed by assets that are actually traded in the real world, such as short-term U.S. Treasuries, unlike typical cryptocurrencies or NFTs.

NEOPIN BDLP offers a strategic investment opportunity to earn high rewards using stablecoins. Leveraging NEOPIN’s proprietary technology and smart contracts, it utilizes various DeFi protocols such as [Spark](http://spark.fi)’s sDAI, [Ethena.fi](http://ethena.fi), and [Curve.fi](http://curve.fi). Users can seamlessly invest in diverse complex DeFi protocols with ease, all in one place at NEOPIN. ## **🏛 RWA Based Multiple Yield Farming Protocol** NEOPIN BDLP is a RWA-based multiple yield farming protocol designed to provide higher rewards. It leverages Spark’s sDAI and Ethena’s USDe. Spark’s sDAI represents tokenized DAI deposited into MakerDAO’s Dai Savings Rate, deriving yield from MakerDAO’s interest rate on DAI loans including US T-bill deployments and overcollateralized crypto loans. Meanwhile, Ethena’s USDe, backed by staked Ethereum collateral, offers a censorship-resistant, scalable, and stable crypto-native solution. Alongside USDe, Ethena presents the ‘Internet Bond,’ a globally accessible dollar-denominated savings instrument within DeFi. The protocol operates on the Ethereum network, allowing for deposits in DAI, USDT, and USDC, and enabling users to earn up to a **30.2% APY**\* on stablecoins. ## **🤖 Powered by AI** NEOPIN’s proprietary AI algorithm analyzes and provides the optimal asset management ratio for each individual user. Users can efficiently utilize complex DeFi derivatives based on their preferences and on-chain data. ## **❓ So… How does it work** NEOPIN BDLP offers two types options: 1. **RWA:** Using Spark’s sDAI, a yield-bearing stablecoin that tokenizes DAI deposited into the DSR, which is currently set at 13% APY\*. No waiting period for withdrawals. Partial withdrawals are allowed.\ *\*The above DSR APY may change according to Maker Governance decisions.* 2. **Boost:** With the Ethena protocol, it currently provides approximately 30.2% APY\*(subject to change) with a 14-day waiting period for withdrawals. Only full withdrawals are allowed. When depositing stablecoins, you have the option to choose the ratio between **RWA** and **Boost**. This flexibility enables you to customize your investment strategy based on your preferences and risk tolerance, balancing investments between stable RWA assets and high APY Boost assets for strategic portfolio management. While Boost offers a relatively higher APY, it comes with a potential opportunity cost due to the 14 day waiting period when withdrawing the assets. On the other hand, RWA allows for immediate withdrawal but offers a comparatively lower APY. Here’s an example for better understanding: * Allocating 70% to RWA and 30% to Boost ➡️ 19.6% APY with low potential opportunity cost * Allocating 20% to RWA and 80% to Boost ➡️ 27.2% APY with high potential opportunity cost\ *\* Above APYs are for reference only and subject to change.* You have the flexibility to partially withdraw your RWA deposited assets at any time, and you can choose whether to withdraw Boosting LP along with it. However, Boosting LP allows only full withdrawals. ## **🔄 Automated Reinvestment of Rewards** The rewards generated are automatically reinvested, providing compounded returns over time. This means that any rewards earned are automatically redeposited, generating compound interest for increased earnings. Additionally, regardless of which type of stablecoin users deposit (DAI, USDT, or USDC), the rewards are received in DAI. ## **🔎 Guide** ### **Deposit:** 1. Choose the stablecoin you want to deposit: DAI / USDT / USDC, then enter the desired amount. 2. Set the ratio for depositing into Boost. 3. Follow the instructions to approve the deposit transactions. ### **Withdraw:** 1. Select the type of withdrawal: RWA + Boost / RWA / Boost 2. a) **For RWA withdrawal**: Enter the quantity of RWA LP you wish to withdraw. RWA withdrawals are immediate.\ b) **For Boost withdrawal**: Only full withdrawals are possible; partial withdrawals are not available. Boost withdrawal takes 14 days to complete, with no rewards earned during this period. 3. Follow the instructions to approve the withdrawal transactions. Please see the step by step guide below on how to earn with NEOPIN BDLP. {% content-ref url="/pages/TFzrnsf5Aeea8RfEyqdA" %} [\[App\] NEOPIN BDLP Guide](/earn-with-neopin/derivatives/rwa/app-neopin-bdlp-guide) {% endcontent-ref %} {% content-ref url="/pages/rU6zUyIkVcvEwGqfUj67" %} [\[Web\] NEOPIN BDLP Guide](/earn-with-neopin/derivatives/rwa/web-neopin-bdlp-guide) {% endcontent-ref %} ## **💡 Invest with Ease** NEOPIN simplifies the process, making it effortless for users to explore and invest in diverse DeFi opportunities without the hassle of navigating multiple protocols. Whether you’re a beginner or an experienced investor, NEOPIN offers a user-friendly interface that streamlines the investment process, empowering users to access and capitalize on the full potential of decentralized finance. **Deposit stablecoins now to earn up to 30.2% APY\*! 🚀** ### **Notes** * Please note that the APYs mentioned in this article are based on the rates as of March 28th, 2024. The final APY may vary depending on the protocols used. * Please read the documentation for each protocol carefully for more information about the protocols and their potential risks before using the product. ([Spark docs](https://docs.spark.fi/defi-infrastructure/sdai-overview) / [Ethena docs](https://ethena-labs.gitbook.io/ethena-labs) / [Curve docs](https://docs.curve.fi/)) * U.S. persons and those acting on their behalf are prohibited from using NEOPIN BDLP, regardless of IP address. For the prohibited countries to use NEOPIN, please refer to the list below. This includes users in the U.S. or countries where NEOPIN use is illegal. Violations of laws, including anti-money laundering regulations, are not allowed. Concealing location through methods like VPNs is also prohibited. * Prohibited countries: United States of America, Abkhazia, Afghanistan, Angola, Belarus, Burundi, Central African Republic, Congo, Cuba, Crimea, Ethiopia, Guinea-Bissau, Iran, Ivory Coast (Cote D’Ivoire), Lebanon, Liberia, Libya, Mali, Burma (Myanmar), Nicaragua, North Korea, Northern Cyprus, Russia, Somalia, Somaliland, South Ossetia, South Sudan, Sudan, Syria, Ukraine (Donetsk and Luhansk regions), United States, Venezuela, Yemen, Zimbabwe and countries with which transactions are restricted under the laws of the United States, United Kingdom, EU, United Nations or where the user resides in. ***

RWA 기반 다중 일드파밍 자동화 프로토콜인 네오핀 BDLP(채권 파생상품 연계 프로토콜)를 출시합니다. 네오핀 BDLP는 스테이블코인을 사용하여 높은 수익을 얻을 수 있는 전략적 투자 기회를 제공합니다. 네오핀의 독자적인 기술과 스마트 컨트랙트를 활용하여 Spark.fi, Ethena.fi 및 Curve.fi 디파이 프로토콜을 전략적으로 활용합니다. NEOPIN BDLP는 미국 단기 국채를 기반으로 하는 RWA 토큰 sDAI와 Internet Bond 기반 합성 달러를 활용한 sUSDe를 연동하여 제공하는 탈중앙화된 파생상품입니다. 사용자는 네오핀에서 다양하고 복잡한 디파이 프로토콜을 한 곳에서 손쉽게 투자할 수 있습니다. ## **🏛 RWA 기반 다중 파밍 프로토콜** 네오핀 BDLP(채권 파생상품 연계 프로토콜)는 MakerDAO의 미국 단기 국채를 담보로 발행한 RWA(실물연계자산) 기반 sDAI 토큰, Ethena labs에서 발행한 합성 달러 ‘USDe’, Curve Finance를 활용해 더 높은 리워드를 제공하도록 설계된 RWA 기반 다중 파밍 프로토콜입니다. 네오핀 BDLP는 이더리움 네트워크에서 작동하며, 스테이블코인 DAI, USDT 및 USDC로 예치하고 최대 **30.2% APY**\*를 얻을 수 있습니다. sDAI에 관한 자세한 내용은 [여기](https://docs.spark.fi/defi-infrastructure/sdai-overview)를 참조하시기 바랍니다. ## **🤖 AI 분석** 네오핀의 독자적인 AI 알고리즘을 통해 사용자 개개인에 적합한 자산 운용 비율을 AI가 분석해 제공합니다. 사용자는 자신의 선호도와 온체인 데이터를 기반으로 복잡한 디파이 상품을 효율적으로 활용할 수 있습니다.\ \ **❓ 어떻게 작동하나요?** ## 네오핀 BDLP는 두 가지 옵션을 제공합니다. 1. **RWA:** Spark 프로토콜을 사용해 현재 13% APY\*를 제공합니다. 인출 대기 기간이 없으며 부분 인출이 가능합니다.\ *\*위 DSR APY는 메이커 거버넌스 결정에 따라 변경될 수 있습니다.* 2. **Boost:** Ethena 프로토콜을 사용해 현재 약 30.2% APY\*(변경될 수 있음)를 제공합니다. 14일 인출 대기 기간이 소요되며 전체 인출만 허용됩니다. 스테이블코인을 입금할 때 **RWA**와 **Boost** 중 원하는 비율을 선택할 수 있습니다. 이러한 유연성을 통해 사용자의 선호도와 리스크 허용 범위에 따라 투자 전략을 맞춤화할 수 있으며, 전략적인 포트폴리오 관리를 위해 안정적인 RWA 자산과 높은 APY 부스트 자산 간의 균형을 조정할 수 있습니다. 부스트는 상대적으로 높은 APY를 제공하지만 자산 인출 시 14일의 대기 기간으로 인해 잠재적인 기회비용이 발생합니다. 반면에 RWA는 즉시 인출이 가능하지만 상대적으로 낮은 APY를 제공합니다. 다음은 이해를 돕기 위해 예시입니다. * RWA에 70%, 부스트에 30% 할당 ➡️ 19.6% APY, 잠재적 기회 비용 낮음 * RWA에 20%, 부스트에 80% 할당 ➡️ 27.2% APY, 잠재적 기회 비용 높음\ *\* 위 APY는 참고용이며 변경될 수 있습니다.* 사용자는 RWA 예치 자산을 언제든지 인출할 수 있으며, 부스트 LP 인출 여부를 선택할 수 있습니다. RWA 예치 자산은 부분 인출이 가능하지만, 부스트 LP는 전체 인출만 가능합니다. ## 🔄 **리워드 자동 재투자** 발생한 리워드는 자동으로 재투자되어 시간이 지남에 따라 복리 수익을 제공합니다. 즉, 적립된 리워드가 자동으로 재투자되어 복리 이자가 발생하여 수익이 증가합니다. 참고: 사용자가 입금하는 스테이블코인(DAI, USDT, USDC)에 관계없이 리워드는 DAI로 지급됩니다. ## **🔎 가이드** ### **\[예치하기]** 1. 예치할 스테이블코인(DAI/USDT/USDC)을 선택하고 수량을 입력합니다. 2. 부스트에 예치할 비율을 설정합니다. 3. 안내에 따라 예치 트랜잭션을 승인합니다. ### **\[인출하기]** 1. 인출 유형(RWA+부스트/RWA/부스트)을 선택합니다. 2. a) **RWA 인출:** 인출하고자 하는 RWA LP 수량을 입력합니다. RWA 인출은 요청 즉시 처리됩니다. \ b) **부스트 인출:** 전체 인출만 가능하며 부분 인출이 불가능합니다. 부스트 인출은 완료하는 데 14일이 소요되며, 대기 기간 동안은 리워드가 발생하지 않습니다. 3. 안내에 따라 인출 트랜잭션을 승인합니다. *\* 인출 요청 시 예치한 원금 뿐만 아니라 예치를 통해 발생한 리워드까지 모두 포함됩니다.* 네오핀 BDLP 예치 및 인출하는 단계별 가이드는 다음을 참고하시기 바랍니다. {% content-ref url="/spaces/qGie2GKzhU3olmN7yiWW/pages/TFzrnsf5Aeea8RfEyqdA" %} [\[App\] NEOPIN BDLP Guide](/earn-with-neopin/derivatives/rwa/app-neopin-bdlp-guide) {% endcontent-ref %} {% content-ref url="/spaces/qGie2GKzhU3olmN7yiWW/pages/rU6zUyIkVcvEwGqfUj67" %} [\[Web\] NEOPIN BDLP Guide](/earn-with-neopin/derivatives/rwa/web-neopin-bdlp-guide) {% endcontent-ref %} ## **💡 편리한 투자** 네오핀은 프로세스를 간소화하여 사용자가 여러 프로토콜을 탐색하는 번거로움 없이 다양한 DeFi 프로토콜을 손쉽게 탐색하고 투자할 수 있도록 지원합니다. 초보자든 숙련된 투자자든, 네오핀은 투자 프로세스를 간소화하는 사용자 친화적인 UI∙UX를 제공하여 사용자가 DeFi를 최대한 활용할 수 있도록 지원합니다. [**스테이블코인 예치하고 최대 30.2% APY\* 리워드 받으세요**](https://neopin.io/ai/)**.** ### **참고** * \*본 글에서 언급된 APY는 3월 28일을 기준으로 합니다. 최종 APY는 활용되는 프로토콜이 제공하는 APY에 따라 달라질 수 있습니다. * 상품 이용 전 연동되는 프로토콜에 대한 보다 자세한 정보와 잠재적 리스크는 각 프로토콜의 문서를 자세히 확인하고 이용하시기 바랍니다. ([Spark docs](https://docs.spark.fi/defi-infrastructure/sdai-overview) / [Ethena docs](https://ethena-labs.gitbook.io/ethena-labs) / [Curve docs](https://docs.curve.fi/)) * 미국인 및 해당 사용자를 대신하는 사람들의 NEOPIN BDLP 사용을 엄격히 금지합니다. 또한, 미국이나 네오핀 사용이 금지된 국가에 거주하는 사용자들도 금지됩니다. 자금 세탁 및 테러 관련 규정을 위반하는 사용자들도 허용되지 않습니다. VPN과 같은 위치 숨기는 방법 또한 금지됩니다. # \[App] NEOPIN BDLP Guide NEOPIN BDLP User Guide for NEOPIN App ## 1. Deposit 1. 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.

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

3. 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.

4. Enter the amount you wish to deposit 5. 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.

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

7. 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.

8. 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. >[/pages/B6UiByHc0AC603TCStqM#6.-approve](https://docs.neopin.io/earn-with-neopin/derivatives/rwa/pages/B6UiByHc0AC603TCStqM#6.-approve "mention") > * Strategically linked protocols are [Spark](https://spark.fi/), [Ethena](https://www.ethena.fi/), and [Curve](https://curve.fi/#/1/swap?from=0xdac17f958d2ee523a2206206994597c13d831ec7\&to=0xeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee). > * 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 1. Go to the **\[Earn]** tab > Select **\[Derivatives]** in the Discover section. 2. 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. 3. 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. 4. Enter the amount you wish to withdraw. Please note that for Boost Assets, only the total amount withdrawal is available.

5. Please make sure to review and agree to the "Terms of Use" before a withdrawal. 6. Click the **\[Withdraw]** button, confirm after reviewing the estimated summary and enter the PIN Code.

7. 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 1. 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. 2. Click the **\[Claim]** button on Withdrawal Queue section and select the token you want to claim 3. Select an assets to withdraw. The assets under waiting time after the withdrawal request is shown "In process" section. 4. After reviewing the transaction summary, click the **\[Claim]** button and enter the PIN Code. 5. 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. # \[Web] NEOPIN BDLP Guide NEOPIN BDLP User Guide for NEOPIN Web ## 1. Connect your wallet To use the NEOPIN BDLP on the NEOPIN Web, you need to connect your wallet first. Click the **\[Connect Wallet]** button and select the wallet you would like to connect. \ \ For NEOPIN wallet users, please refer to the section below to connect your wallet to the web for full access to the NEOPIN Web services.\ \ ▶ Review details on[ #5.-web-connect-your-neopin-wallet](https://docs.neopin.io/get-started/neopin-wallet#5.-web-connect-your-neopin-wallet) ## 2. Deposit 1. Go to the **\[Derivatives]** tab > Select **NEOPIN BDLP** and Click **\[Deposit]** Button.

2. Carefully review the product information * Please read the disclaimer carefully before proceeding. If you do not qualify, please go back and enjoy other services on NEOPIN.

6. You can set the slippage tolerance as the deposit process includes stable swap between utilized assets.

7. 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.

8. Please confirm the transaction in your connected wallet. * If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the **\[Confirm]** button in the NEOPIN App and enter the PIN Code to complete the process. * 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. >[/pages/B6UiByHc0AC603TCStqM#6.-approve](https://docs.neopin.io/earn-with-neopin/derivatives/rwa/pages/B6UiByHc0AC603TCStqM#6.-approve "mention") > * Strategically linked protocols are [Spark](https://spark.fi/), [Ethena](https://www.ethena.fi/), and [Curve](https://curve.fi/#/1/swap?from=0xdac17f958d2ee523a2206206994597c13d831ec7\&to=0xeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee). > * 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 ## 3. Withdraw 1. Go to the **\[Derivatives]** tab > Select **NEOPIN BDLP** and Click **\[Deposit]** Button 2. Review the product detail and click the **\[Withdraw]** button * Please read the disclaimer carefully before proceeding. If you do not qualify, please go back and enjoy other services on NEOPIN.

3. 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.

4. Enter the amount you wish to withdraw and Click **\[Withdraw]** button\ Please note that only the total amount withdrawal is available for withdrawing Boost Assets.

5. Please make sure to review and agree to the "Terms of Use" before a withdrawal. 6. Click the **\[Withdraw]** button, review the estimated summary and enter PIN Code.

7. Please confirm the transaction in your connected wallet. * If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the **\[Confirm]** button in the NEOPIN App and enter the PIN Code to complete the process. * 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. ## 4. Claim Assets and Rewards 1. Go to **My Wallet** > **\[Portfolio]** tab > **\[Derivatives]** tab * You can check your deposit details on the My Token section in the product detail page. 2. To claim your assets including rewards, click the **\[Claim]** button on the "Withdraw Queue" section.

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

4. After reviewing the transaction summary, click the **\[Claim]** button.

5. Please confirm the transaction in your connected wallet. * If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the **\[Confirm]** button in the NEOPIN App and enter the PIN Code to complete the process. * Once the PIN Code is successfully authenticated, the asset claiming 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 awards. The estimates may change depending on the condition of the linked protocols. # Yield Aggregator NEOPIN's Derivative maximizes returns by linking crypto assets to blockchain-based protocols. ## **📢 Introducing NEOPIN SDLP: ETH Auto-Boost Derivatives 🚀**

Unveiling the second part of NEOPIN Major Update 2! We are thrilled to announce the launch of our latest product, NEOPIN SDLP (Staking Derivatives Linked Protocol)! NEOPIN SDLP is an ETH Auto-Boost Derivatives product, offering a strategy pool centered around ETH staking. It utilizes NEOPIN’s proprietary technology to offer derivatives based on promising DeFi protocols such as [Lido](https://lido.fi/) and [Sommelier Finance](https://www.sommelier.finance/). ## **📈 Enhancing ETH Holdings Effortlessly** With NEOPIN SDLP, users can effectively increase ETH holdings without the hassle of managing low-yield deposit products or navigating the complexities of manual yield farming. It combines two leading DeFi protocols, Lido and Sommelier, into one product. This innovative approach offers a relative decrease in risk, as it strategically utilize stETH, which represents staked ether in Lido, and utilizes Sommelier’s diversified approach across multiple DeFi protocols (Aave, Uniswap v3, Balancer, Morpho), reducing the risk of yield downturns. Users can earn up to **13.82% APY**\* on their ETH holdings through NEOPIN SDLP. ## **1️⃣ One Transaction, Multiple Protocols** NEOPIN SDLP is designed to make using multiple DeFi protocols easier, without losing any of their effectiveness. With NEOPIN SDLP, users can consolidate participation in various DeFi protocols into a single transaction. This enhancement not only improves the user experience by saving time and reducing the potential for errors but also showcases the power of smart contract technology in streamlining DeFi transactions. ## **🔄 Automated Reinvestment of Rewards** The rewards generated are automatically reinvested, providing compounded returns over time. This means that any rewards earned are automatically redeposited, generating compound interest for increased earnings. ## **🔎 Quick Guide to NEOPIN SDLP** ### **Deposit Flow** As we guide you through the deposit process for NEOPIN SDLP, keep in mind that your part is really simple and involves just **one deposit transaction**. Here’s how it works: NEOPIN’s smart contract takes your ETH and diversifies it for you. All you have to do is start the deposit. 1. **Deposit Initiation:** Simply decide how much ETH you want to stake and initiate the deposit from your NEOPIN wallet. The minimum deposit amount is at 0.1 ETH. 2. **Automated Token Process:** Following your initial deposit, the NEOPIN smart contract autonomously orchestrates the following operations. 3. **ETH Transfers to NEOPIN Contract:** Your deposited ETH is first processed by the NEOPIN contract. 4. **Staking with LIDO:** Post conversion, your ETH is staked with LIDO, minting stETH as a result. 5. **Integration with Sommelier:** The stETH then gets diversified by being directed into the Sommelier TurboSTETH Vault. 6. **Token Minting:** TurboSTETH2 tokens are minted to represent your staked ETH on Sommelier. 7. **Completion:** As the final step, these newly minted tokens find their way back to your wallet, signifying the completion of your deposit and marking your full-fledged entry into Ethereum staking via NEOPIN SDLP. ### **Withdrawal Flow** Just like making a deposit, all you need to do is submit a single withdrawal request. Our smart contract takes care of the rest, making sure your exit is as smooth and efficient as when you entered. Here’s how it works: 1. **Initiate Withdrawal:** Start by submitting your derivative LP tokens for withdrawal. This submission is the only active step you need to take, with the gas fee for this transaction coming from your wallet. 2. **Automated Token Process:** Upon your request, the NEOPIN smart contract automatically handles the transactions below. 3. **Token Burn:** Your LP tokens are burned, and a request is sent to burn the corresponding TurboSTETH in the Sommelier vault. 4. **stETH Withdrawal:** The resulting stETH is then moved to the NEOPIN contract. 5. **Operation Fee:** A 0.5% fee is deducted from the stETH for operational costs.\ *\*For a limited time, the operation fee will be reduced from 1% to 0.5%. This promotion is available until further notice.* 6. **Unstaking with LIDO:** The smart contract engages LIDO to unstake the remaining stETH. 7. **ETH Conversion & Claim:** The stETH now begins its conversion back into ETH. Withdrawal can take 1\~14 days (or more depending on the network’s circumstances) to complete. During this waiting period, no additional rewards will be generated. 8. **Completion:** Once the conversion is done, the ETH (both principal and rewards) is directly transferred from the NEOPIN contract to your wallet, marking the completion of your withdrawal. *\*NEOPIN SDLP has no minimum deposit period, allowing users to request withdrawals at any time. However, withdrawing within 5 days of the deposit incurs a penalty commission, potentially resulting in rewards lower than the actual yield.* For detailed step by step guide, please refer the pages below: {% content-ref url="/pages/Yc01aQ6lu8oH5u8InlAi" %} [\[App\] NEOPIN SDLP Guide](/earn-with-neopin/derivatives/yield-aggregator/app-neopin-sdlp-guide) {% endcontent-ref %} {% content-ref url="/pages/EJodSKEpeyFPQFWpCAJk" %} [\[Web\] NEOPIN SDLP Guide](/earn-with-neopin/derivatives/yield-aggregator/web-neopin-sdlp-guide) {% endcontent-ref %} ## **💡 Invest with Ease** NEOPIN SDLP is designed to maximize the ETH yield through automated boosting across a range of DeFi protocols. With a single click, users can take advantage of maximized rewards on their ETH holdings, based on optimized gas fees, automated processes, and efficient smart contract execution. [**Deposit your ETH now to earn up to 13.82% APY\*! 🚀**](https://neopin.io/ai/) \ **Notes:** * \*Please note that the APY mentioned in this article is based on the rates as of April 4th. The final APY may vary depending on the protocols used. * Please read the documentation for each protocol carefully for more information about the protocols and their potential risks before using the product. ([Lido](https://medium.com/neopin-official/neopin-bdlp-rwa-based-multiple-yield-farming-protocol-5d43fdca6885) / [Sommelier](https://app.sommelier.finance/user-terms)) * U.S. persons and those acting on their behalf are prohibited from using NEOPIN SDLP, regardless of IP address. This includes users in the U.S. or countries where NEOPIN use is illegal. Violations of laws, including anti-money laundering regulations, are not allowed. Concealing location through methods like VPNs is also prohibited. *** ## **📢 ETH 자동 부스트 파생상품 네오핀 SDLP 출시 🚀**

네오핀 메이저 업데이트 2탄의 두 번째 신규 상품인 네오핀 SDLP (스테이킹 파생상품 연계 프로토콜)를 출시합니다! 네오핀 SDLP는 이더리움 자동 부스트 파생상품으로, 네오핀의 독자적인 기술을 활용하여 [Lido](https://lido.fi/)와 [Sommelier Finance](https://www.sommelier.finance/) 등 유망한 디파이 프로토콜을 기반으로 극대화된 리워드를 제공합니다. ## **📈 편리한 이더리움 보유량 늘리기** 네오핀 SDLP를 사용하면 연이율이 낮은 예치 상품을 관리하거나 복잡한 일드파밍 과정을 거치지 않고 효과적으로 이더리움 보유량을 늘릴 수 있습니다. 두 가지 주요 디파이 프로토콜인 Lido와 Sommelier Finance를 하나의 상품으로 결합한 네오핀 SDLP는 Lido의 이더리움 스테이킹 파생상품인 stETH를 전략적으로 활용하고, 여러 디파이 프로토콜(에이브, 유니스왑 v3, 밸런서, 모포)에 걸쳐 Sommelier Finance의 다양한 접근 방식을 활용해 리워드 하락 위험이 상대적으로 낮아집니다. 사용자는 네오핀 SDLP를 통해 이더리움에 최대 **13.82%** APY\* 리워드를 획득할 수 있습니다. ## **1️⃣ 다양한 프로토콜을 한 번의 트랜잭션으로** 네오핀의 스마트 컨트랙트 기술로 여러 디파이 프로토콜의 효율성을 잃지 않으면서도 더 쉽게 사용할 수 있도록 설계되었습니다. 사용자는 다양한 디파이 프로토콜을 하나의 트랜잭션으로 통합해 이용할 수 있습니다. 이를 통해 시간을 절약하고 오류를 줄여 향상된 사용자 경험을 제공합니다. ## 🔄 **리워드 자동 재투자** 발생한 리워드는 자동으로 재투자되어 시간이 지남에 따라 복리 리워드를 제공합니다. 즉, 적립된 리워드가 자동으로 재투자되어 복리 이자가 발생합니다. ## **🔎 네오핀 SDLP 가이드** ### **\[예치하기]** 네오핀 SDLP의 예치 절차는 매우 간단합니다. 사용자가 단 한 번의 이더리움 예치만 진행하면, 네오핀 스마트 컨트랙트가 나머지를 처리합니다. 작동 방식은 다음과 같습니다. 1. **예치하기:** 예치할 이더리움 수량을 입력 후 예치 트랜잭션을 승인합니다. 최소 예치 수량은 0.1 ETH입니다. 2. **자동화 프로세스:** 사용자 예치 후, 네오핀 스마트 컨트랙트는 다음 트랜잭션을 처리합니다. 3. **네오핀 컨트랙트로 이동:** 사용자가 예치한 이더리움이 자동으로 네오핀 파생상품 컨트랙트로 이동합니다. 4. **LIDO 스테이킹:** 스마트 컨트랙트가 사용자의 이더리움을 LIDO에 스테이킹하고 stETH를 민팅합니다. 5. **Sommelier 예치:** stETH는 Sommelier의 Turbo stETH 볼트로 전송되어 예치됩니다. 6. **토큰 민팅:** Sommelier에 예치된 이더리움을 나타내는 TurboSTETH2 토큰이 발행됩니다. 7. **완료:** 발행된 토큰이 사용자 지갑으로 지급되면 성공적으로 예치가 완료되며, 리워드 발생이 시작됩니다. ### **\[인출하기]** 입금할 때와 마찬가지로 출금 요청 또한 간단합니다. 사용자가 한 번의 인출 요청만 진행하면, 나머지는 스마트 컨트랙트가 알아서 처리해 가스비를 절감하여 효율적으로 인출할 수 있습니다. 작동 방식은 다음과 같습니다. 1. **인출 요청:** 인출할 LP 수량을 입력하고, 예상 획득 수량 및 보상을 확인하고 인출 트랜잭션을 승인합니다. 가스비 지불을 위해 지갑에 ETH를 보유하고 있어야 합니다. 2. **자동화 프로세스:** 사용자 인출 요청 후, 네오핀 스마트 컨트랙트는 다음 트랜잭션을 처리합니다. 3. **토큰 소각:** Sommelier 볼트에 LP 토큰을 소각하라는 요청이 전송됩니다. 4. **stETH 출금:** LP 소각 후 인출된 stETH가 네오핀 컨트랙트로 이동합니다. 5. **수수료:** 운영 비용으로 0.5%의 수수료가 stETH에서 공제됩니다.\ \*신규 출시 기념으로 운영 수수료를 한시적으로 1%에서 0.5%로 인하합니다. 본 프로모션은 별도 안내 시까지 적용됩니다. 6. **LIDO 인출 요청:** 스마트 컨트랙트는 LIDO에서 stETH 인출을 요청합니다. 7. **요청 처리 대기:** 이더리움이 인출되려면 1\~14일(또는 네트워크 상황에 따라 그 이상)이 소요될 수 있습니다. 해당 대기 기간 동안에는 추가 보상이 생성되지 않습니다. 8. **완료:** 인출이 완료되면 예치 원금과 리워드를 포함한 ETH 수량을 네오핀 지갑에서 확인하실 수 있습니다. 네오핀 SDLP는 최소 예치 기간이 없으므로 언제든지 인출을 요청할 수 있습니다. 그러나 예치 후 5일 이내에 인출을 요청하면 위약금 수수료가 발생하므로 실제 연이율보다 낮은 리워드를 받을 수 있습니다. 네오핀 SDLP 예치 및 인출하는 단계별 가이드는 다음을 참고하시기 바랍니다. {% content-ref url="/pages/Yc01aQ6lu8oH5u8InlAi" %} [\[App\] NEOPIN SDLP Guide](/earn-with-neopin/derivatives/yield-aggregator/app-neopin-sdlp-guide) {% endcontent-ref %} {% content-ref url="/pages/EJodSKEpeyFPQFWpCAJk" %} [\[Web\] NEOPIN SDLP Guide](/earn-with-neopin/derivatives/yield-aggregator/web-neopin-sdlp-guide) {% endcontent-ref %} ## **💡 편리한 투자** 네오핀 SDLP 이더리움 자동 부스트 파생상품은 디파이 자산 예치 리워드를 극대화하도록 설계되었습니다. 사용자는 가스비 최적화, 자동화된 프로세스, 효율적인 스마트컨트랙트 실행을 바탕으로 극대화된 예치 리워드 혜택을 클릭 한번으로 누릴 수 있습니다. [**이더리움 예치하고 최대 13.82% APY\* 리워드를 받으세요!**](https://neopin.io/ai/) ### **참고** * \*본 글에서 언급된 APY는 4월 4일을 기준으로 합니다. 최종 APY는 활용되는 프로토콜이 제공하는 APY에 따라 달라질 수 있습니다. * 상품 이용 전 연동되는 프로토콜에 대한 보다 자세한 정보와 잠재적 리스크는 각 프로토콜의 문서를 자세히 확인하고 이용하시기 바랍니다. ([Lido](https://medium.com/neopin-official/neopin-bdlp-rwa-based-multiple-yield-farming-protocol-5d43fdca6885) / [Sommelier](https://app.sommelier.finance/user-terms)) * 미국인 및 해당 사용자를 대신하는 사람들의 NEOPIN SDLP 사용을 엄격히 금지합니다. 또한, 미국이나 네오핀 사용이 금지된 국가에 거주하는 사용자들도 금지됩니다. 자금 세탁 및 테러 관련 규정을 위반하는 사용자들도 허용되지 않습니다. VPN과 같은 위치 숨기는 방법 또한 금지됩니다. # \[App] NEOPIN SDLP Guide NEOPIN SDLP User Guide for NEOPIN App ## 1. Deposit 1. Go to the **\[Earn]** tab > Select **\[Derivatives]** in the Discover section > Select \[**NEOPIN SDLP]** in the **Yield Aggregator** section. 1. Please read the disclaimer carefully before proceeding. If you do not qualify, please go back and enjoy other services on NEOPIN.

2. Carefully review the product information

3. Enter the amount you wish to deposit * The minimum deposit is 0.1 ETH

4. 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.

5. 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. >[/pages/B6UiByHc0AC603TCStqM#6.-approve](https://docs.neopin.io/earn-with-neopin/derivatives/yield-aggregator/pages/B6UiByHc0AC603TCStqM#6.-approve "mention") > * Strategically linked protocols are [Lido](https://lido.fi/) and [Sommelier](https://app.sommelier.finance/strategies/Turbo-STETH-$steth-deposit$/manage) > * Est.APY and est.Rewards provided are an estimate and not a guarantee and subject to change depending on the linked protocols ## 2. Withdraw 1. Go to the **\[Earn]** tab > Select **\[Derivatives]** in the Discover section > Select \[**NEOPIN SDLP]** in the **Yield Aggregator** section. 2. 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.

3. Select the **\[Withdraw]** tab at the top menu. Enter the amount you wish to withdraw. * Withdrawal requires 1 \~ 14 days(or more depending on the linked protocols and network conditions) waiting time and the reward is not generated during the period.

4. Please make sure to review and agree to the "Terms of Use" before a withdrawal. 5. Click the **\[Withdraw]** button, confirm after reviewing the estimated summary and enter the PIN Code.

6. 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. > * After your withdrawal request, the transaction begins within a few minutes and you will receive a push notification when the withdrawal is complete. (However, waiting time may occur depending on network congestion.) > * 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 1. Go to the **\[Wallet]** tab > click **\[Reward]** button 1. In the deposit details, you can check your ETH converted value of LP. 2. Click the **\[Claim]** button on Withdrawal Queue section and select the token you want to claim 3. Select an assets to withdraw. The assets under waiting time after the withdrawal request is shown "In process" section. 4. After reviewing the transaction summary, click the **\[Claim]** button and enter the PIN Code. 5. Once the PIN Code is successfully authenticated, Claim request is complete.

# \[Web] NEOPIN SDLP Guide NEOPIN BDLP User Guide for NEOPIN Web ## 1. Connect your wallet To use the NEOPIN BDLP on the NEOPIN Web, you need to connect your wallet first. Click the **\[Connect Wallet]** button and select the wallet you would like to connect. \ \ For NEOPIN wallet users, please refer to the section below to connect your wallet to the web for full access to the NEOPIN Web services.\ \ ▶ Review details on[ #5.-web-connect-your-neopin-wallet](https://docs.neopin.io/get-started/neopin-wallet#5.-web-connect-your-neopin-wallet) ## 2. Deposit 1. Go to the **\[Derivatives]** tab > Select **\[Deposit]** button on **NEOPIN SDLP**

2. Carefully review the product information, 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.

3. Enter the amount you wish to deposit * The minimum deposit is 0.1 ETH

4. 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.

5. Please confirm the transaction in your connected wallet. * If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the **\[Confirm]** button in the NEOPIN App and enter the PIN Code to complete the process. * 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. >[/pages/B6UiByHc0AC603TCStqM#6.-approve](https://docs.neopin.io/earn-with-neopin/derivatives/yield-aggregator/pages/B6UiByHc0AC603TCStqM#6.-approve "mention") > * Strategically linked protocols are [Lido](https://lido.fi/) and [Sommelier](https://app.sommelier.finance/strategies/Turbo-STETH-$steth-deposit$/manage) > * Est.APY and est.Rewards provided are an estimate and not a guarantee and subject to change depending on the linked protocols ## 3. Withdraw 1. Go to the **\[Derivatives]** tab > Select **\[Deposit]** button on **NEOPIN SDLP** 2. Review the product detail and click the **\[Withdraw]** button * Please read the disclaimer carefully before proceeding. If you do not qualify, please go back and enjoy other services on NEOPIN.

4. Please make sure to review and agree to the "Terms of Use" before a withdrawal. 5. Click the **\[Withdraw]** button, review the estimated summary and enter PIN Code.

6. Please confirm the transaction in your connected wallet. * If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the **\[Confirm]** button in the NEOPIN App and enter the PIN Code to complete the process. * 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. > * After your withdrawal request, the transaction begins within a few minutes and you will receive a push notification when the withdrawal is complete. (However, waiting time may occur depending on network congestion.) > * 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. ## 4. Claim Assets and Rewards 1. Go to **My Wallet** > **\[Portfolio]** tab > **\[Derivatives]** tab * You can check your deposit details on the My Token section in the product detail page. 2. To claim your assets including rewards, click the **\[Claim]** button on the "Withdraw Queue" section.

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

4. After reviewing the transaction summary, click the **\[Claim]** button.

Pool is a service that allows users to provide liquidity to NEOPIN by depositing a pair of tokens into a liquidity pool developed based on the Automated Market Maker ([**AMM**](/earn-with-neopin/swap/automated-market-maker)) model, and rewards users in return. Users may earn additional NPT rewards proportional to the amount deposited in the pool and a certain share of the swap fees generated on NEOPIN. **▶ Impermanent Loss**\ Impermanent loss occurs when the price of assets in a pool changes. For more details, please check [**here**](/earn-with-neopin/pool/impermanent-loss). ## How to Pool Please see the guide below on how to earn with NEOPIN Pool products. {% content-ref url="/pages/NWlM3w52PQmE3G9SIT6I" %} [\[App\] Pool Guide](/earn-with-neopin/pool/app-pool-guide) {% endcontent-ref %} {% content-ref url="/pages/O4JxukUonmLDaHQnkj05" %} [\[Web\] Pool Guide](/earn-with-neopin/pool/web-pool-guide) {% endcontent-ref %} # \[App] Pool Guide Pool User Guide for NEOPIN App ## 1. Deposit 1. Go to the **\[Earn]** tab > Select **\[Pool]** in the Discover section

2. Carefully review the Pool product information, and enter the amount you wish to deposit 3. Select the **\[Deposit]** button and review the "Estimated Deposit". 4. After careful review, select the **\[Confirm]** button and enter the PIN Code to complete the swap. 5. Once the PIN Code is successfully authenticated, the Pool deposit is complete.

> Notes: > > * To deposit in the Pool, you need to hold both of the displayed token pairs. > * For example, for KAIA-NPT Yield Farm, you need to have both KAIA and NPT in your wallet. > * When you enter the amount for one token, the required amount of the remaining token will automatically be entered. > * Deposit with a single asset is also available. > * When you deposit a single asset, half of the amount is automatically swapped into the other asset from the swap pool. > * The exchange rate, swap fees, and the actual amount deposited may differ from the estimated amount of deposit depending on the slippage percentage. > * Depositing a large amount of a single asset may cause a high price impact. > * The quantity is automatically calculated on a 1:1 ratio according to the market price of each token at the time. > * Please make sure to review and agree to the "Terms of Use" before making a deposit. > * If this is your first time using a product, a one-time approval is required to proceed with a Deposit. >[/pages/B6UiByHc0AC603TCStqM#6.-approve](https://docs.neopin.io/earn-with-neopin/pool/pages/B6UiByHc0AC603TCStqM#6.-approve "mention") > * The expected APR for Pool is determined by the chain inflation, and the changed APR will be updated and displayed in the Pool product information. > * Assets deposited in Pool cannot be traded until they are withdrawn. > * Estimated Returns are the estimated at the time of the request and may vary during the actual deposit process. > * After your deposit request, there may be a waiting time depending on network congestion. ## 2. Withdraw 1. Go to the **\[Earn]** tab > Select **\[Pool]** in the Discover section or go to the **\[Wallet]** tab > **\[Pool]** tab 2. Select the product you want to withdraw and click the **\[Deposit]** button 3. Select the **\[Withdraw]** tab at the top and enter the amount you wish to withdraw. Please make sure to review and agree to the "Terms of Use" before a withdrawal. 4. Select the **\[Withdraw]** button and enter PIN Code. 5. Once the PIN Code is successfully authenticated, the Pool withdrawal 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 ## 3. Claim Rewards 1. Go to the **\[Wallet]** tab > the **\[Pool]** tab. 2. In the deposit details, you can check My LP Token (the amount of my deposit) and claimable rewards (the amount of accumulated rewards not yet received). 3. Select the **\[Claim]** button to receive unclaimed rewards from the Pool. 4. After reviewing the transaction summary, click the **\[Claim]** button and enter the PIN Code. 5. Once the PIN Code is successfully authenticated, Claim Rewards is complete.

> Notes: > > * Pool deposit rewards begin accumulating immediately upon deposit. # \[Web] Pool Guide Pool User Guide for NEOPIN Web ## 1. Connect your wallet To use the Pool service on the NEOPIN Web, you need to connect your wallet first. Click the \[Connect Wallet] button and select the wallet you would like to connect. \ \ For NEOPIN wallet users, please refer to the section below to connect your wallet to the web for full access to the NEOPIN Web services.\ \ ▶ Review details on[ #5.-web-connect-your-neopin-wallet](https://docs.neopin.io/get-started/neopin-wallet#5.-web-connect-your-neopin-wallet) ## 2. Deposit 1. Go to the **\[Pool]** tab and Click the Pool product you want to deposit.

2. Carefully review the Pool product information and enter the amount you wish to deposit.\ then Click the **\[Deposit]** Button

3. Review the "Estimated Summary", then select the **\[Deposit]** button. An transaction request screen will show up in the NEOPIN App. Please make sure to check the precautions before making a deposit.

4. Please confirm the transaction in your connected wallet. * If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the **\[Confirm]** button in the NEOPIN App and enter the PIN Code to complete the deposit process. * Once the PIN Code is successfully authenticated, the Pool deposit is complete.

> Notes: > > * To deposit in the Pool, you need to hold both of the displayed token pairs. > * For example, for KAIA-NPT Yield Farm, you need to have both KAIA and NPT in your wallet. > * When you enter the amount for one token, the required amount of the remaining token will automatically be entered. > * Deposit with a single asset is also available. > * When you deposit a single asset, half of the amount is automatically swapped into the other asset from the swap pool. > * The exchange rate, swap fees, and the actual amount deposited may differ from the estimated amount of deposit depending on the slippage percentage. > * Depositing a large amount of a single asset may cause a high price impact. > * The quantity is automatically calculated on a 1:1 ratio according to the market price of each token at the time. > * Please make sure to review and agree to the "Terms of Use" before making a deposit. > * If this is your first time using a product, a one-time approval is required to proceed with a Deposit. >[/pages/B6UiByHc0AC603TCStqM#6.-approve](https://docs.neopin.io/earn-with-neopin/pool/pages/B6UiByHc0AC603TCStqM#6.-approve "mention") > * The expected APR for Pool is determined by the chain inflation, and the changed APR will be updated and displayed in the Pool product information. > * Assets deposited in Pool cannot be traded until they are withdrawn. > * Estimated Returns are the estimated at the time of the request and may vary during the actual deposit process. > * After your deposit request, here may be a waiting time depending on network congestion. ## 3. Withdraw 1. Go to **\[Pool]** tab and Click the product you want to withdraw.

2. Select the **\[Withdraw]** tab at the top and enter the amount you wish to withdraw. \ Please make sure to review and agree to the "Terms of Use" before making a withdrawal.

3. Review the "Estimated Withdrawal", and then click the **\[Confirm]** button. \ A confirmation request screen will appear in the NEOPIN App.

4. After reviewing the transaction summary, please confirm the transaction in your connected wallet. * If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the **\[Confirm]** button in the NEOPIN App and enter the PIN Code to complete the withdraw process. * Once the PIN Code is successfully authenticated, the Pool withdraw is complete.

2. In the deposit details on right side, you can check My LP Token (the amount of my deposit) and claimable rewards (the amount of accumulated rewards not received). 3. Click the **\[Claim]** button to receive unclaimed rewards from Pool 4. Review the “Reward Detail” and click the **\[Claim]** button. \ A confirmation request screen will show up in the NEOPIN App.

5. After reviewing the transaction summary, please confirm the transaction in your connected wallet. * If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the **\[Confirm]** button in the NEOPIN App and enter the PIN Code to complete the claiming process. * Once the PIN Code is successfully authenticated, the claim reward is complete.

> Notes: > > * Pool deposit rewards begin accumulating immediately upon deposit. # Impermanent Loss What is Impermanent Loss? * Impermanent loss occurs when the price of assets in a pool changes. Users risk increased volumes of impermanent loss when the difference between the pool price and market price of a token increases. * Price change that leads to impermanent loss occurs due to the price determination formula, AMM (Automated Market Maker). Due to the nature of AMM, the transaction rate of tokens cannot be automatically adjusted. Therefore, a user must purchase undervalued assets or sell overvalued assets until the price formed in the AMM equals the price of the market. * Losses can sometimes be larger than the sum of the rewards gained from the pool. When the price of the token in the AMM converges with the market value, the loss disappears, hence the name. # Swap Boost your earnings with NEOPIN Swap

NEOPIN Swap is a service that allows tokens to be exchanged using a liquidity pool, and 'cross-swap' between various tokens is also available. The exchange rate of two tokens for the Swap is calculated and provided based on the exchange rate of the liquidity pool, not the market price traded on the exchange. When using the Swap, fees may occur for using the liquidity pool. ▶ **AMM (Automated Market Maker)**\ Pricing methods are determined in the market by an AMM. For more details, please check [**here**](/earn-with-neopin/swap/automated-market-maker). ## How to Swap Please see the guide below on how to Swap in NEOPIN. {% content-ref url="/pages/xySQTovXPXd893bIxOtH" %} [\[App\] Swap Guide](/earn-with-neopin/swap/app-swap-guide) {% endcontent-ref %} {% content-ref url="/pages/uFPXl3ZWRbgm15qBjjSR" %} [\[Web\] Swap Guide](/earn-with-neopin/swap/web-swap-guide) {% endcontent-ref %} # \[App] Swap Guide Swap User Guide for NEOPIN App ## 1. Swap 1. Go to the **\[Trade]** tab > click **\[Swap]** tab on top

2. Select the **\[Network]** button to select the network of the token to be swapped. * Currently available networks: Ethereum and Kaia

3. Click the token icon in the **\[From]** column to select the token to swap. And click the token icon in the **\[To]** column to select the token to be swapped for.

4. Enter the amount of tokens to be swapped * Swap will proceed only when you have more than the amount of tokens you wish to swap 5. Click the **\[Swap]** button and review the "Estimated Summary". * Please review the exchange rate, minimum swappable quantity, fees, and exchange route before proceeding with Swap. 6. After careful review, click the **\[Confirm]** button and enter the PIN Code to complete the swap.

* **Exchange Rate** * Swap transactions are based on the expected exchange rate, which may be different from the actual exchange rate. * The larger the amount you swap at one time, the greater the fluctuation in the expected exchange rate. * Therefore, please carefully review the difference between the actual and expected exchange rates. * **Min. Trading Amount** * This is the minimum guaranteed amount you can receive through the Swap. * Since the exchange rate is calculated in real time during the swap process, the expected exchange rate may differ from the actual exchange rate. * Min. Trading Amount indicates the minimum amount of swaps that will be guaranteed even if this difference occurs. * However, if the actual swap amount is less than the minimum swap amount indicated, the swap will be canceled. * **Amount Difference** * The amount of tokens received after completion of the swap may differ from the expected quantity. * Swap will proceed only when you have more than the amount of tokens you wish to swap. * Please check the exchange rate, minimum swappable quantity, fees, and exchange route when proceeding with swaps. ## 2. Slippage Tolerance **What is slippage?**\ If multiple users are swapping at once, the exchange rate will fluctuate rapidly, resulting in a difference between the actual amount and the expected amount. \ This difference is called slippage, and you can set the slippage range as you proceed with Swap. However, if the slippage exceeds the set allowable range, the swap will not proceed. 1. Tap the **\[Settings]** button at the top right of the Swap screen to set the slippage tolerance.

2. You can set your slippage tolerance by choosing the default setting of 0.5%, selecting a different number, or entering it manually. * When setting the slippage tolerance, if too low or too high a value is set, the transaction may not proceed or a loss may occur. # \[Web] Swap Guide Swap User Guide for NEOPIN Web ## 1. Connect your wallet To use the Swap service on the NEOPIN Web, you need to connect your wallet first. Click the \[Connect Wallet] button and select the wallet you would like to connect. \ \ For NEOPIN wallet users, please refer to the section below to connect your wallet to the web for full access to the NEOPIN Web services.\ \ ▶ Review details on[ #5.-web-connect-your-neopin-wallet](https://docs.neopin.io/get-started/neopin-wallet#5.-web-connect-your-neopin-wallet) ## 2. Swap 1. Go to the **\[Swap]** tab

2. Click the **\[Network]** button to select the network of the token to be swapped. * Currently available networks: Ethereum, Kaia and Polygon

3. Click the token icon in the **\[From]** column to select the token to swap. And click the token icon in the **\[To]** column to select the token to be swapped for.

4. Enter the amount of tokens to be swapped * Swap will proceed only when you have more than the amount of tokens you wish to swap 5. Click the **\[Swap]** button and review "Estimated Returns". * Please review the exchange rate, minimum swappable amount, fees, and exchange route when proceeding with the Swap

6. After careful review, click the **\[Swap]** button and a confirmation request screen will appear in the NEOPIN App.

7. After reviewing the transaction summary, please confirm the transaction in your connected wallet. * If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the **\[Confirm]** button in the NEOPIN App and enter the PIN Code to complete the process. * Once the PIN Code is successfully authenticated, the swap is complete.

* **Exchange Rate** * Swap transactions are based on the expected exchange rate, which may be different from the actual exchange rate. * The larger the amount you swap at one time, the greater the fluctuation in the expected exchange rate. * Therefore, please carefully review the difference between the actual and expected exchange rates. * **Min. Trading Amount** * This is the minimum guaranteed amount you can receive through the Swap. * Since the exchange rate is calculated in real time during the swap process, the expected exchange rate may differ from the actual exchange rate. * Min. Trading Amount indicates the minimum amount of swaps that will be guaranteed even if this difference occurs. * However, if the actual swap amount is less than the minimum swap amount indicated, the swap will be canceled. * **Amount Difference** * The amount of tokens received after completion of the swap may differ from the expected quantity. * Swap will proceed only when you have more than the amount of tokens you wish to swap. * Please check the exchange rate, minimum swappable quantity, fees, and exchange route when proceeding with swaps. ## 2. Slippage Tolerance **What is slippage?**\ If multiple users are swapping at once, the exchange rate will fluctuate rapidly, resulting in a difference between the actual amount and the expected amount. \ This difference is called slippage, and you can set the slippage range as you proceed with Swap. However, if the slippage exceeds the set allowable range, the swap will not proceed. 1. Click the **\[Settings]** button at the top night of the Swap screen to set the slippage tolerance.

# Automated Market Maker What is Automated Market Maker? * An AMM (Automated Market Maker) is a type of decentralized exchange protocol that sets the price of an asset based on a mathematical formula. Unlike spot exchanges that use the order book and order matching system, decentralized exchanges use a pricing algorithm to calculate the price of an asset. * NEOPIN Swap uses the X \* Y = K formula. X and Y are token quantities in a liquidity pool, while K is a constant that refers to the total liquidity in the pool. The value of K remains a constant unless tokens are supplied to or withdrawn from the pool. * An AMM works similarly to an order book of a spot exchange. However, a transaction counterpart is not necessary. Users can predict token liquidity and price through the smart contract and AMM, which “makes” the market. ![Click to enlarge](/files/PRU55K1a6EsOq331Zefl) # Stake Boost your earnings with NEOPIN Stake

Stake refers to delegating users' crypto assets to support liquidity and operation on a blockchain network, and receiving rewards from it. * Users can earn Stake rewards and additional NPT membership rewards for staking. * APR is updated daily after 24 hours of the initial staking. APR is calculated depending on the amount of staking in the network. The Stake products available in NEOPIN include ETH, KAIA, TRX and NPT and more Stake products will be provided in the future. ## How to Stake Please see the guide below on how to Stake in NEOPIN. {% content-ref url="/pages/Oq4gUSgiUnoRHdjcDI6c" %} [\[App\] Stake Guide](/earn-with-neopin/stake/app-stake-guide) {% endcontent-ref %} {% content-ref url="/pages/7vrAnFHYBWMSxRRSykQc" %} [\[Web\] Stake Guide](/earn-with-neopin/stake/web-stake-guide) {% endcontent-ref %} # \[App] Stake Guide Stake User Guide for NEOPIN ## 1. Stake 1. Go to the **\[Wallet]** tab > **\[Staking]** button 2. Select a product you want to stake and proceed to the product detail pages

3. After carefully reviewing the product information, click the **\[Stake]** button 4. Enter the amount to stake and click the **\[Confirm]** button * Please make sure to review and agree to the "Terms of Use" before staking. 5. Enter the PIN Code to complete the swap.

> Notes > > * The expected APR for Stake is determined by the chain inflation, and the changed APR will be updated and displayed in the Stake product information. > * Staked assets cannot be deposited, withdrawn or traded. > * There is a minimum amount required to stake depending on the product. > * After your staking request, There may be a waiting time depending on the network situation. ## 2. Unstake 1. Go to the **\[Wallet]** tab > **\[Staking]** button and select the product you want to unstake 2. Review the details of your staked products. \ In the details, you can check the start date of the Stake, the expected APR, and the cumulative rewards. 3. Click the **\[Unstake]** tab

4. Enter the amount you want to unstake and click the **\[Unstake]** button * Please make sure to review and agree to the "Terms of Use" before proceeding with an unstake. and Click **\[Confirm]** button 5. Enter the PIN Code to complete the Unstake process.

* For some products, only unstaking of the total amount staked is available. (TRX) * The time required for unstaking varies from product to product.

Asset	Unstake Request can be made at	Asset Transfer after Unstake Request
NPT	2 days after last Stake	Immediately
ETH	Anytime	Available to Claim after 1~14+ days
TRX	Anytime	To the wallet after 14 days
KLAY	Anytime	To the wallet after 7 days
ATOM	Anytime	To the wallet after 21 days
MATIC	Anytime	Available to Claim after 3~4 days

## 3. Claim Rewards 1. Go to the **\[Wallet]** tab > click **\[Reward]** button * To claim KAIA or TRX Staking Reward, select the \[KAIA/TRX Staking] taband for other cases, select the \[Staking/Membership] tab. * Among the KAIA or TRX staking rewards, NPT membership rewards can be checked within the \[Staking/Membership] tab. 2. Select the **\[Claim]** button on Withdrawal Queue and select the token you want to claim 3. Select the **\[Claim]** button. After the transaction is completed, the rewards will be transferred to your wallet.

> Notes: > > * For Liquid Stake products and ETH Stake products, unstaked amounts and rewards are shown together in the list. > * For products with multiple rewards, each reward is accumulated separately and each reward is transferred to your wallet each time you claim the reward. > * If the user's wallet address does not have enough tokens to cover the transaction fee, the claim cannot be made. > * The longer the claim cycle with fewer transactions you make, the lower the fees. > * Depending on the unique characteristics of each network, there may be a time limit or delay for claiming rewards for each product. # \[Web] Stake Guide Stake User Guide for NEOPIN ## 1. Connect your wallet To use the Stake service on the NEOPIN Web, you need to connect your wallet first. \ Click the \[Connect Wallet] button and select the wallet you would like to connect. \ \ For NEOPIN wallet users, please refer to the section below to connect your wallet to the web for full access to the NEOPIN Web services.\ \ ▶ Review details on [/pages/B6UiByHc0AC603TCStqM#5.-web-connect-your-neopin-wallet](https://docs.neopin.io/earn-with-neopin/stake/pages/B6UiByHc0AC603TCStqM#5.-web-connect-your-neopin-wallet "mention") ## 2. Stake 1. Go to the **\[Staking]** tab

2. Select a product to stake and proceed to the product detail pages 3. After carefully reviewing the product information, click the **\[Stake]** button

4. Enter the amount to stake and click the **\[Stake]** button * Please make sure to review and agree to the "Terms of Use" before staking. * Review the "Estimated Stake" and then click the **\[Confirm]** button. A confirmation request screen will appear in the NEOPIN App.

5. After reviewing the transaction summary, please confirm the transaction in your connected wallet. * If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the **\[Confirm]** button in the NEOPIN App and enter the PIN Code to complete the staking process. * Once the PIN Code is successfully authenticated, the Stake is complete.

> Notes: > > * Some products are only available at the NEOPIN App. > * The expected APR for Stake is determined by the chain inflation, and the changed APR will be updated and displayed in the Stake product information. > * Staked assets cannot be deposited, withdrawn or traded. > * There is a minimum amount required to stake depending on the product. > * After your staking request, There may be a waiting time depending on the network situation. ## 3. Unstake 1. Go to the **\[Staking]** tab

2. Review the details of your staked products. 3. Click the **\[Unstake]** tab on the left.

4. Enter the amount you want to unstake and click the **\[Unstake]** button * Please make sure to review and agree to the "Terms of Use" before proceeding with unstaking.

5. Review the "Estimated Unstake" and then click the **\[Confirm]** button. A confirmation request screen will appear in the NEOPIN App.

## 4. Claim Rewards 1. Go to **My Wallet** > **\[Portfolio]** tab > **\[Stake]** tab

2. Click the **\[Claim]** button on Withdrawal Queue and select the token you wish to claim

3. Review the "Summary" and then click the **\[Claim]** button. A confirmation request screen will appear in the NEOPIN App.

4. Please confirm the transaction in your connected wallet. * If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the **\[Confirm]** button in the NEOPIN App and enter the PIN Code to complete the process. * Once the PIN Code is successfully authenticated, the reward claim request is complete.

Liquid stake is a staking service that allows users to stake assets and receive liquidity tokens in return, allowing them to leverage their assets across multiple DeFi protocols. In conventional Proof of Stake (PoS) staking services, staking an asset has the advantage of stably receiving rewards from the blockchain network, but it has the disadvantage of not being able to use the asset during the staking period. Liquid staking provides a corresponding token when an asset is staked, allowing the asset to be liquidized even while it is staked. In essence, liquid staking is a solution that retains the advantages of traditional PoS staking while improving on its drawbacks. *\* Available Services: KLAY Liquid Staking, ETH Liquid Staking* ## NEOPIN’s Liquid Stake Protocol

When users stake assets in a liquid staking product on NEOPIN, “NEOPIN’s Staked Tokens” (npTokens, e.g. npETH, npKLAY) of the same or equivalent value as the staked asset will be minted and distributed, and users can utilize these tokens in various DeFi protocols. Plus, just like NEOPIN’s single staking products, users can stake with small amounts of assets. For example, while Ethereum requires a minimum of 32 ETH to operate a node, NEOPIN allows users to stake as minimum as 0.01 ETH. In addition, rewards are a compounded return of staked assets as they are automatically re-staked. With NEOPIN’s liquid staking product, users do not need to manually claim and re-stake their rewards to achieve a compounded return as with single staking products. # Why is my 1 npETH less than 1 ETH? What is npToken? By liquid staking in NEOPIN, a user will receive “NEOPIN Staked Token” (npToken) at the ratio of “Staked Token” : npToken, where npToken represents the rights to the assets that the user have staked in NEOPIN. For instance, if User A has sent npToken to User B, the right of User A’s staked assets will be transferred to User B. Besides, the value of npToken indicates the amount of rewards. Instead of rewards getting accumulated to be claimed, as is the case with single staking products, the value of npToken increases over time. This is because the amount of npToken remains constant as the asset is staked, while the amount of staked assets increases over time as rewards are automatically re-staked. For example, if you initially staked 1 ETH and received 1 npETH, over time as your ETH rewards accumulate, you could later claim 1.n ETH for 1 npETH, meaning that the value of npToken can be an indicator of rewards. In addition, npTokens can be used in DeFi products such as Pool and Swap within NEOPIN and will be available on various partner platforms and DeFi protocols in the future. # Unstake with npToken Unstake Liquide Stake on NEOPIN In liquid staking at NEOPIN, npToken is consumed to unstake staked assets. Based on the ratio of npTokens to staked tokens, an unstaking request is made for the value of the consumed npTokens. The wait time for an unstaking request to be completed varies depending on the blockchain network: the Klaytn network has a 7-day wait time and Ethereum has a roughly 1–14 day wait time, but there have been instances in the past where unstaking wait time of 30 days or more has occurred due to Ethereum network congestion. If you’re worried about waiting too long, NEOPIN also offers an “Immediate Unstaking” feature that allows users to swap in the swap pool for users who need to unstake their assets immediately! Once the unstaking request is completed, the unstaked amount, including rewards, will either be available to claim or transferred directly to the wallet depending on the blockchain network. With the liquid staking protocol which leverages the advantage of the PoS staking service, now available in NEOPIN, users can manage their assets in a variety of ways with greater stability. # \[APP] Liquid Stake Guide Liquid Stake User Guide for NEOPIN App ## 1. Liquid Staking Guide 1. Go to the **\[Earn]** tab > Select **\[Derivatives]** in the Discover section > Select **\[Staking]** * The Liquid badge to the right of the pool name is the Liquid Staking pool.

2. Carefully review the product details and terms and conditions and Enter the amount to stake and click the **\[Stake]** button

3. Enter the amount to stake and click the **\[Confirm]** button * Please make sure to review and agree to the "Terms of Use" before staking. 4. Enter the PIN Code to complete the swap.

Once the staking request is complete, you can check your npToken in your wallet. ## 2. How to Unstake 1. Go to the **\[Earn]** tab > **\[Earn]** tab in Discover > select **\[Staking]** * The Liquid badge to the right of the pool name is the Liquid Staking pool.

2. Select the product you want to unstake and review the details of your staked products. 3. Select the **\[Unstake]** tab at the top

4. Enter the amount you want to unstake and click the **\[Unstake]** button * You may choose "Immediately" option in which immediate unstake amount is provided by swapping in the swap pool. Detailed settings can be set in the[ Swap menu](https://inapp.dq.neopin.pmang.cloud/swap/?inputCurrency=0x8480C56DFe0e8BC8C3276da79d5e86E4EF996cBF\&outputCurrency=KLAY\&network=klaytn). * Review the "Estimated Unstake" and then click the **\[Confirm]** button. * Please make sure to review and agree to the "Terms of Use" before proceeding with unstaking.

* Once the PIN Code is successfully authenticated, the unstake request is complete. 5. **\[Home]** > **\[Rewards]** button > **\[Stakeing/Membership]** tab > Click **\[Claim]** button at withdrawal Queue section > Check wait times and/or claim available assets # \[WEB] Liquid Stake Guide Liquid Stake User Guide for NEOPIN Web ## 1. Connect your wallet To use the Stake service on the NEOPIN Web, you need to connect your Wallet first. \ Click the \[Connect Wallet] button and select the wallet you would like to connect. \ \ For NEOPIN wallet users, please refer to the section below to connect your wallet to the web for full access to the NEOPIN Web services.\ \ ▶ Review details on [/pages/B6UiByHc0AC603TCStqM#5.-web-connect-your-neopin-wallet](https://docs.neopin.io/earn-with-neopin/liquid-stake/pages/B6UiByHc0AC603TCStqM#5.-web-connect-your-neopin-wallet "mention") ### 2. Stake 1. Go to the **\[Staking]** tab and find the products with **Liquid** label * The Liquid badge to the right of the pool name is the Liquid Staking pool.

2. Select a product to stake and proceed to the product detail pages 3. After carefully reviewing the product information, click the **\[Stake Now]** button 4. Enter the amount to stake and click the **\[Stake]** button

5. Review the "Estimated Stake" and then click the **\[Confirm]** button. A confirmation request screen will appear in the NEOPIN App. * Please make sure to review and agree to the "Terms of Use" before staking.

6. After reviewing the transaction summary, please confirm the transaction in your connected wallet. * If you are using the NEOPIN App, a confirmation request screen will appear in the NEOPIN App. After reviewing the transaction summary, click the **\[Confirm]** button in the NEOPIN App and enter the PIN Code to complete the process. * Once the PIN Code is successfully authenticated, the stake is complete. ### 3. Unstake 1. Go to the **\[Staking]** tab and find the liquid staking product you would like to unstake 2. Review the details of your staked products. 3. Click the **\[Unstake]** button

5. Review the "Estimated Unstake" and then click the **\[Confirm]** button. A confirmation request screen will appear in the NEOPIN App. * Please make sure to review and agree to the "Terms of Use" before proceeding with unstaking.

{% hint style="info" %} If you are looking for an immediate unstake without waiting, you can swap your liquid token by selecting **\[Immediately]** tab. {% endhint %} ### Claim Rewards * Liquid Stake products with their own native structure do not generate claimable rewards. * However, the rewards are accumulated in the Liquid Stake contract over time and can be claimed at the time of unstaking. * The amount of Liquid Token (npKLAY or npETH) is proof of your share of the rewards in the Liquid Stake contract. # Bridge Interoperable Multi-chain Experience on NEOPIN

Bridge is a service that allows tokens to be converted between networks. NEOPIN currently supports network conversion of NPT, USDT and ETH, and more multi-chain tokens will be supported in the future. ## How it works NEOPIN Bridge uses the mint-and-burn mechanism, where the original token is locked in the vault and a corresponding amount of the bridged token is minted. ***Thus, the value of the bridged token (nToken) is pegged to the value of the original token on a 1:1 ratio.*** When the nToken is bridged, the nToken is burned and the corresponding amount of the original token is unlocked and released to the user. ## How to Bridge Please see the guide below on how to bridge your tokens with NEOPIN. {% content-ref url="/pages/4M28pQSGjtCGROoMXi8s" %} [\[Web\] Bridge Guide](/earn-with-neopin/bridge/web-bridge-guide) {% endcontent-ref %} {% content-ref url="/pages/3TAucnt1aXIDw74Lbsuw" %} [\[App\] Bridge Guide](/earn-with-neopin/bridge/app-bridge-guide) {% endcontent-ref %} # \[App] Bridge Guide Easily Bridge Multi-chain Tokens 1. Go to the **\[Trade]** tab and choose which bridge you want to use. \ For NPT, USDT or ETH, choose **\[EVM Bridge] tab** and for Kaia, choose **\[FNSA Bridge] tab** 2. Select the token you want to bridge

3. Choose a network of token to bridge from and to * Currently available networks are Kaia, Polygon and Ethereum and they are bridgeable. * If this is the first time you are bridging on the selected network, a one-time approval is required to continue with the Bridge. >[/pages/B6UiByHc0AC603TCStqM#6.-approve](https://docs.neopin.io/earn-with-neopin/bridge/pages/B6UiByHc0AC603TCStqM#6.-approve "mention")

4. Enter the amount to be bridged and click the **\[Convert]** button * When bridging, a “Transaction Fee”, “Convert Fee” and “Chain Fee” will be applied * “Transaction Fee” is the fee for requesting a transaction and the native cion of the current network will be deducted. * “Convert Fee” is the fee applied to use Bridge service and deducted from the total amount to be bridged. * “Chain Fee” is the fee for transferring the token on the bridged network, and the native coin of the current network will be deducted. 5. Review the estimated summary and click the **\[Confirm]** button to proceed with the transaction. 6. Enter the PIN Code to complete the transaction to bridge. * There may be a waiting time due to the network situation

# \[Web] Bridge Guide Easily Bridge Multi-chain Tokens ## EVM Bridge 1. Select **\[Bridge]** on the top menu > **\[EVM Bridge]** tab 2. Select the token you want to bridge

3. Choose a network of token to bridge from and to * Currently available networks are Kaia, Polygon and Ethereum. * If this is the first time you are bridging on the selected network, a one-time approval is required to continue with the Bridge. >[/pages/B6UiByHc0AC603TCStqM#6.-approve](https://docs.neopin.io/earn-with-neopin/bridge/pages/B6UiByHc0AC603TCStqM#6.-approve "mention")

4. Enter the amount to be bridged and click the **\[Convert]** button * When bridging, a “Transaction Fee”, “Convert Fee” and “Chain Fee” will be applied * “Transaction Fee” is the fee for requesting a transaction and the native coin of the current network will be deducted. * “Convert Fee” is the fee applied to use Bridge service and deducted from the total amount to be bridged. * “Chain Fee” is the fee for transferring the token on the bridged network, and the native coin of the current network will be deducted.
5. Review the estimated summary and click the **\[Confirm]** button to proceed with the transaction.

6. Confirm the transaction on your connected wallet to complete the transaction to bridge. # NEOPIN Club Membership: Current An exclusive opportunity for our most dedicated and passionate members to unlock a host of incredible benefits. ## Introducing the NEOPIN Club Membership

The NEOPIN Club Membership is an exclusive opportunity for our most dedicated and passionate members to unlock a host of incredible benefits. **By becoming a NEOPIN Club Member, you will gain access to a world of exciting perks and privileges that will elevate your NEOPIN experience.** Here’s a sneak peek at what you can expect: * **Higher Tier, More Benefits**: Rank up your tier, and enjoy more benefits from the NEOPIN DeFi products. * **Early Access to New Features/Products**: Be the first to explore and benefit from the latest additions and innovations on NEOPIN. * **Exclusive airdrops and promotions**: Engage in special airdrops and promotions created exclusively for NEOPIN Club Members. * **Access to an Exclusive Discord Channel**: NEOPIN Club Members will enjoy access to a dedicated channel on Discord where exclusive member-only information will be shared. {% hint style="info" %} *Please note that Membership benefits may change over time, and we will keep you informed of any updates to ensure you consistently enjoy the best value and experience.* {% endhint %} # How it works Exclusive Opportunity to Benefit All NEOPIN Users ## Eligibility **All NEOPIN wallet users have the opportunity to qualify as NEOPIN Club Members.** Users can earn points by staking crypto assets and/or using NEOPIN product offerings, including Staking, Liquid Staking, LP, Swap, and Bridge, with tiers granted based on the points earned, which are updated daily at 00:00 UTC. This tier will determine your ongoing NEOPIN Club Membership tier. ## How to Access #### **WEB** Redirect to link below: {% embed url="" %} #### **APP** Go to **\[Earn]** tab > **\[Community]** tab in Discover > click **\[Membership]**, you’ll find your current Membership tier will be displayed in the upper left corner.

# Membership Points The More You Deposit, the More Points You Earn! {% hint style="info" %} ## Changes in Points Calculation Method *Starting from February 15th 2024, only **Stake and Pool** points will contribute towards Membership points.* *Swap, Bridge, and Referral points will no longer be included in Membership point calculations. Please note that this change may affect your Membership tier.* *Please note that unstaking assets leads to the removal of corresponding points, resulting in a drop in Membership tiers. It’s recommended to keep your assets staked to maintain your Membership tier.* {% endhint %} ## How to earn points ### **1. Stake Points** You can earn points by staking NPT, KLAY, FNSA, MATIC, ATOM and TRX V2 or liquid staking ETH and KLAY on NEOPIN. Points are scored based on the amount of cryptocurrencies you stake. Staking NPT worth more than other coins or tokens. > Membership[^1] point for Stake products = {amount of crypto asset} \* {weight per 1 crypto asset}\ > e.g. if you stake 1 NPT, Membership point = 1 NPT \* {Weight per 1 NPT on the Stake product}. ### **2. Pool Points** Provide liquidity to any pools available on NEOPIN. Points are scored based on the amount of base cryptocurrencies you have deposited into the pool. In the point calculation, the amount of base asset and the pair token have an equal value to each other, and the token amount is determined by the amount of LP you hold and the pool ratio. So as the Pool ratio changes over time, the points may change accordingly. > Membership[^1] point for Pool products = {amount of base asset} \* {weight per 1 crypto asset} \* 2\ > e.g. if you deposit 1 NPT and 0.3 KLAY into the NPT-KLAY pool, Membership point = 1 NPT \* Weight per 1 base asset (NPT) \* 2. #### **See details on the point multiplier for each products** {% content-ref url="/pages/E6iXdZAhQpBke6FBtCFZ" %} [Weighted Point Multiplier for Each Product](/membership/neopin-club-membership-current/weighted-point-multiplier-for-each-product) {% endcontent-ref %} {% hint style="info" %} Due to the price change of assets, the weighted point multipliers are rebalanced in terms of weight per $1. {% endhint %} ## Where to check points To check detailed information about your points acquisition, click your tier banner for more details.

* *24H Points and Total Points are updated daily at 00:00 UTC based on the number of user assets at the time of the daily snapshot.* {% hint style="warning" %} *If there are any changes in your staked assets, such as withdrawals or transactions, or if the Pool experiences fluctuations in supply and demand, your points will be adjusted accordingly to reflect the most recent asset amount.* {% endhint %} {% hint style="warning" %} *Assets staked in terminated pools do not receive points. We advise you to withdraw your assets from terminated pools and provide liquidity in active pools to earn points.* {% endhint %} [^1]: # Weighted Point Multiplier for Each Product Stake NPT to Earn the Most Not every product receives the same amount of points, and some will earn boosts relative to others. All weights are based on a multiplier specified in the tables below. The multiplier is determined based on multiple factors, including the number of assets, asset price, network importance and product importance.

- Weight per $1 of crypto asset is based on the token price on the Coinmarketcap, 17. June. 2024 and may change over time.
- Multipliers of Liquid Stake and ETH stake products are applied on its corresponding npToken (or converted value o

Weight per $1 of crypto asset is based on the token price on the Coinmarketcap, 17. June. 2024 and may change over time.

# Participant Distribution Across Tiers 7 Different Tiers from Bronze to VVIP Membership tiers are based on a user's accumulated points, which reflect their contribution to the NEOPIN ecosystem. We have redesigned the tier system to move away from a competitive framework. Only users who have accumulated more than 0.01 points will be considered for membership. Please refer to the table below for more specific information. {% hint style="info" %} *The points required for each tier and the tier structures are subject to change over time.* {% endhint %}

# NEOPIN Club Membership Benefits NEOPIN always appreciates our users who actively participate in the NEOPIN CeDeFi ecosystem. ### 🚀 APR Boost — Up to an Extra 3% Bonus APR on Top of Base APR Imagine your staked assets working harder for you. The higher your membership tier, the higher the Annual Percentage Rate (APR) you earn on membership staking products.

NEOPIN Membership APR on 22 August 2024, NPT stake amount is an estimate based on the CoinmarketCap price on 22 August 2024. and it may be changed over time.

### 🎁 Event Privilege: Exclusive Benefits for Members Your membership tier will be a key to access to unique opportunities and experiences that are reserved for members participating in various NEOPIN events. Naturally, those in higher membership tiers will enjoy even greater benefits. ### 🕒 Early Access: Be the First to Experience Innovation Stay ahead of the curve with early access to new NEOPIN products. As a member, you will have priority to explore and benefit from our latest innovations. This early bird advantage ensures that you will be at the forefront of the crypto world. ### 🤝 Exclusive Programs: Unparalleled Journey in the Crypto Space Enjoy special access to exclusive member programs, such as programs with NEOPIN partners, all designed to provide you with an unparalleled journey in the crypto space with NEOPIN. ### 💬 Priority Customer Support: We're Here for You, First Experience a new level of support with our priority customer service. As a valued member, your queries and needs are our top priority, ensuring that your NEOPIN experience is smooth, enjoyable, and hassle-free. ### 👥 Community Benefits: Join the Inner Circle Join our exclusive member-only Discord channels dedicated to fostering a community passionate about the world of crypto. Gain access to exclusive news and events, engage in discussions, and share insights. {% embed url="" %} *Join NEOPIN Official Discord server now* {% endembed %} ### 🎁 Airdrop Privilege: Priority Access to Airdrops Get priority access to partner token airdrops. This exclusive benefit ensures that you are always in a privileged position to receive additional rewards and tokens, enhancing your crypto portfolio. {% hint style="info" %} *Please note that Membership benefits including APR Boost rate and applicable products may change over time, and we will keep you informed of any updates to ensure you consistently enjoy the best value and experience.* {% endhint %} For more and the latest details on current membership staking products, visit our official **NEOPIN Club Membership** page. {% embed url="" %} Click to redirect {% endembed %} # The First Season: 2023

To celebrate the launch of NEOPIN Membership, we’re giving away a portion of the $NPT marketing token allocation to users who participate in the global Permissioned DeFi platform NEOPIN! Season 1 marks the introduction of our exclusive Membership perks. This is only the beginning of our journey to become the world’s leading Permissioned DeFi (regulated DeFi) platform. Be part of this exciting journey. Join the NEOPIN community today and help shape the future of DeFi! With recent downfalls of centralized cryptocurrency exchanges and platforms, DeFi has seen a notable increase in transactions and volume. The failures of centralized entities have highlighted the importance of adhering to the industry’s fundamental principles of decentralization **— not your keys, not your crypto.** Despite the rapid growth of DeFi within the cryptocurrency industry, it has encountered regulatory challenges. To ensure compliance with regulations while maintaining decentralization **— NEOPIN adheres to Anti-Money Laundering (AML), Know Your Customer (KYC), and Financial Action Task Force (FATF) regulations.** We firmly believe that DeFi can only achieve mainstream adoption by adhering to regulatory requirements. This belief underlies our strategic approach in developing a global CeDeFi platform, NEOPIN. {% hint style="info" %} *The Membership Season 1* [*Sign-up Campaign*](https://medium.com/neopin-official/neopin-membership-season-1-sign-up-now-for-a-free-gift-box-6b21c4dce46c) *ended on September 26th at 00:00 UTC.* {% endhint %} {% hint style="info" %} *The Points Booster event on Season 1 will not factor into the NEOPIN Club Membership points calculation.* {% endhint %} # Introduction Join the Privilege Club and Unlock Special Benefits

**Introducing the NEOPIN Membership — become a NEOPIN VIP today to unlock exclusive benefits!** To reward early adopters and users of NEOPIN, we are distributing a portion of the $NPT marketing token allocation as part of the NEOPIN Membership Season 1. Season 1 starts now and will end on September 26, 2023, at 23:59:59 PM UTC. Season 1 is only the beginning of NEOPIN Membership. We will announce more exciting benefits in the near future. Stay tuned for further updates! # How It Works Exclusive Opportunity to Benefit All NEOPIN Users A point system is used to determine the ranking of participants and the allocation of Gift Boxes containing $NPT tokens. All activities carried out on NEOPIN will be taken into account for point accumulation. The more points you score by completing qualifying actions, the greater number of Gift Boxes containing $NPT tokens will be given to you. **As long as you earn at least 1 point from any qualifying actions, you will receive at least 1 Gift Box containing a random amount of NPT tokens!** Participation in the NEOPIN Membership Season 1 is open to all individuals who have signed up for NEOPIN and completed the KYC verification process, regardless of whether they are existing or new users. Season 1 also brings a referral program where you can earn extra points by referring your friends. Further details about the referral program can be found at the bottom of this blog post. # How To Earn Points The More You Use NEOPIN, the More Points You Earn! There are 5 ways to earn points: ### **1. Stake Points** You can earn points by staking NPT, ETH, KLAY, and TRX V2 on NEOPIN. Points are scored based on the amount of cryptocurrencies you stake. Staking ETH worth more than other coins or tokens. Also, there is an ongoing **2x Points Booster Event** for the newly launched product [Liquidity Staking ](https://medium.com/neopin-official/guide-liquid-staking-protocol-now-available-at-neopin-a961f4f49883)(KLAY). This event will last until the end of the NEOPIN Membership Season 1, so make sure you don’t miss the chance to double your Stake Points by staking Liquid KLAY! ### **2. Pool Points** Provide liquidity to any pools available on NEOPIN. Points are scored based on the amount of cryptocurrencies you deposit into the pool. Providing liquidity to the ETH and MATIC pool worth more than other pools. *P.S. A daily snapshot will be taken at 00:00 UTC, and a 1% bonus points will be awarded every day based on the daily **Stake and Pool points**. So it would be best to stake as early as possible in order to accumulate more points!* *P.S. Assets staked in terminated pools do not receive points. We advise you to withdraw your assets from terminated pools and provide liquidity in active pools to earn points.* ### **3. Swap Points** Simply swap any tokens on NEOPIN to earn points. This is not based on the amount of cryptocurrencies but on the number of transactions. Swapping Ethereum and Polygon network tokens worth more. ### **4. Bridge Points** Bridge NPT to other networks. Points are determined by the number of transactions rather than the amount of NPT involved. Bridging to Ethereum and Polygon networks worth more points than the Klaytn network. ### **5. Referral Points**

You can earn points by referring as many friends as you want. Share your code with your friends, and they must enter your referral code after completing the KYC verification. Once they enter the referral code and stake or provide liquidity to pools with a minimum of **$100 worth of crypto assets**, you will earn **5 points per day**, and your friend will earn **10 points per day** until the end of Season 1.

This is an example when you refer one friend. You can refer as many friends as you want and earn points.

If your friend withdraws the staked assets during the season, points accumulation will be paused for both you and your friend starting from that day. Also, please be aware that if the staked asset value drops below $100 due to price fluctuations, point rewards will be put on hold. It’s recommended to keep a buffer to avoid any issues. Only new users who sign up during Membership Season 1 are eligible to enter the referral code. Existing users can only share the code. Navigate to Settings > Referral Status in the NEOPIN App to enter or copy the referral code. Refer your friends now and earn extra points!

# Weighted Point Multiplier for Each Product Stake ETH to Earn the Most Not every product receives the same amount of points, and some will earn boosts relative to others. All weights are based on a multiplier specified in the tables below. The multiplier is determined based on multiple factors, including the number of assets, asset price, network importance, product importance, and additional boost.

Please note that the ongoing 2x Points Booster Event for Liquid ETH & KLAY Staking is not reflected in the table above. Point allocations and boosts will be updated dynamically depending on various promotions throughout the NEOPIN Membership Season 1. Stay tuned for special boost events! # Leaderboard Earn. Compete. Reach Higher. 24H Points and Total Points are updated daily at 00:10 UTC based on the number of user assets at the time of the daily snapshot. As long as you score at least 1 point, your ranking will be shown on the leaderboard. You can check detailed information about your points by selecting your score in the [leaderboard](https://neopin.io/membership/).

If there are any changes in your staked assets, such as withdrawals or transactions, or if the Pool experiences fluctuations in supply and demand, your points will be adjusted accordingly to reflect the most recent asset amount. As a result, your ranking and tier may change. If there are multiple participants with the same score, the ranking of the person who signed up first will be placed higher. # Participant Distribution Across Tiers 10 Different Tiers from Copper to VVIP

# Gift Box & Opening Rewards for your Journey in NEOPIN Membership S1 ## Claiming Period The Season 1 reward claim period will run from **October 5th, 2023, to November 4th, 2023, 00:00 UTC**. Be sure to mark your calendars and claim your rewards during this time frame to avoid missing out. *\*Due to a delay in the iOS App review process, users with iOS devices will be able to claim the rewards at a later time. We will provide an update soon.* ## Eligibility To qualify for Season 1 rewards, you must be a registered NEOPIN member and have reached at least **the Copper tier or higher** for the Membership S1, which concluded on September 26th. You can check your Membership S1 tier on the leaderboard [here](https://neopin.io/membership/) or in the NEOPIN App. Users who participated in the [sign-up/referral campaign](https://medium.com/neopin-official/neopin-membership-season-1-sign-up-now-for-a-free-gift-box-6b21c4dce46c), regardless of their Membership tier, are also eligible to receive Gift Boxes. ## Gift Box There are four types of Gift Boxes: **Legendary, Epic, Rare, and Uncommon**. Legendary boxes will contain significantly more NPTs than Uncommon boxes. The number of Gift Boxes you earn is based on your Tier. Advancing to higher tiers increases the probability of opening boxes that contain more NPTs.

{% hint style="warning" %} *Please note that taxes may be incurred based on the participant’s country of residence when receiving rewards.* {% endhint %} ### Gift Box Details The table below provides information about the various types of Gift Boxes available, including associated box opening fees and the potential range of NPT tokens you can obtain when opening each type of box.

{% hint style="info" %} *Please note that all NPT fees and rewards will be on the **Polygon network**.* {% endhint %} ### Number of Gift Boxes The table below outlines the varying numbers and types of Gift Boxes that each Membership S1 tier will receive:

Users who participated in the sign-up/referral campaign will receive an Uncommon box. If you successfully referred multiple friends to sign up on NEOPIN, you will receive a corresponding number of Uncommon boxes. ## How to Claim Your Gift Boxes 1. Go to the **\[Community]** tab in the NEOPIN App. 2. Tap the “**Claim**” button below the **Genesis S1 Tier**. 3. Tap the “**Open**” button below each Gift Box on the **My S1 Rewards** page to proceed with the claim. 4. Review the rewards, box opening fees, and transaction fees (in $MATIC). If you acknowledge and agree, tap the “**Claim**” button.\ *\*Note: You can adjust transaction fees by tapping the small pen icon next to the Tx Fee before proceeding.* 5. Enter your **PIN** to confirm your claim. 6. Watch the box opening and tap the “**Confirm**” button. 7. You’ll receive a push notification once the NPT rewards are deposited into your wallet. # Transition to NEOPIN Club Membership (S1 SBT) Keep your S1 Records as SBT and Start a New Journey with NEOPIN ## NEOPIN Membership S1 SBTs If you were part of Season 1, rest assured that **you can claim your Membership S1 Gift Boxes beginning October 5th, with your S1 tier SBT being distributed to your NEOPIN wallet before October 8th**. Following that, we will seamlessly transition all existing Season 1 members into the NEOPIN Club Membership, granting you access to a host of exciting new exclusive benefits! For those who missed out on Season 1, this is your chance to join the NEOPIN Club and start your membership journey with us. {% content-ref url="/pages/PdnaOWVTBTMSif7WcDNC" %} [NEOPIN Club Membership: Current](/membership/neopin-club-membership-current) {% endcontent-ref %} # NEOPIN Referral Program Monetize Your Influence Now!

The NEOPIN Referral Program **will start on 02 May (15:00 KST) and run until July 10th (15:00 KST)**. Invite your friends to NEOPIN and earn referral points. Your referral points will get converted into NPT, and rewards will be distributed based on that, drawing from a total prize pool valued at roughly **$70,000**. The more friends you invite and the more vibrant our community becomes, the greater the rewards! Let's join forces and spread the word about NEOPIN together. # How it works You can earn referral points when your friends sign up using your NEOPIN referral code and complete NEOPIN Discord verification. ## How to Get the Referral Code During the Referral Program, both new and existing users can effortlessly access their referral codes within the NEOPIN App. Copy the referral code and share it with your friends. If they sign up using this code, both you and your friends will earn referral points. 1. Install the NEOPIN app and create your NEOPIN wallet. {% embed url="" %} 2. Your NEOPIN wallet is automatically assigned a unique referral code. 3. You can find the referral code in **\[Earn]** tab > **\[Community]** tab in Discover > **\[Referrals]** 4. Easily find and copy your referral code from the 'invite Friends' button ## How to Enter a Referral Code Users who join after the event started can enter a referral code. (Start date: 02 May 2024, 15:00 KST) 1. Head over to the 'Settings' section in the NEOPIN App. 2. Select 'Invite a Friend' to locate where you can enter your referral code.

3. Click on 'Enter referral code' and enter the code you received from your friend.

## How to Verify on Discord {% hint style="info" %} Once you've verified your Discord account, it's a one-time process and can't be changed. Your verification status remains constant, even if you encounter additional verification requests or re-enter a verified referral code. Please keep this in mind as you go through the verification process. {% endhint %} 1. Join the Neopin Discord. {% embed url="" %} 2. Head to the #holder-verification channel on NEOPIN Discord server. 3. Type /verify to initiate the user verification process. 4. Follow the instructions to link your NEOPIN UID and complete the verification process.

# How To Earn Points The More You Deposit, the More Points You Earn! ## How to Earn Referral Points 1. The inviter shares the referral code with the invitee. 2. The invitee enters the referral code and signs up on the NEOPIN App. 3. The invitee completes user verification through Discord. 4. The inviter receives 1 point, while the invitee earns 2 points.

## How to Check My referral status You can check your point status in 'My Referral Status'. The status gets updated once a day, and the number of friends who've joined and your accumulated points are shown only when all conditions are met.

# Leaderbord You can check the leaderboard on the NEOPIN website {% embed url="" %} Official NEOPIN Referral Program page {% endembed %} 24-hour Points and Total Points are updated daily at 00:00 UTC, reflecting the number of user assets during the daily snapshot. If you score at least 1 point, your ranking will appear on the leaderboard. For detailed information about your points, select your score on the leaderboard.

# Introduction NEOPIN Advocates its User's Opinions

Through the Governance Voting Platform, NEOPIN has delegated these voting rights to the NEOPIN Community, where user opinions are collected and NEOPIN's voting rights in the governance system of various mainnets are exercised on their behalf. Pursuing the value of decentralization and expanding with ‘Trust’ and ‘Stability’, NEOPIN currently supports NEOPIN, Klaytn Network and Finschia Network governance voting system and plans to expand to various mainnets. ## Eligibility All NEOPIN wallet users have the opportunity to participate in governance voting {% content-ref url="/pages/aBpMY0KBrMbKNIvsWCdE" %} [Klaytn Governance Vote](/governance-vote/klaytn-governance-vote) {% endcontent-ref %} {% content-ref url="/pages/8Vd1YiCmy1fyJ6NxxCGV" %} [\[Deprecated\] Finschia Governance Vote](/governance-vote/deprecated-finschia-governance-vote) {% endcontent-ref %} # NEOPIN Governance Vote Thrive with NEOPIN Community

A Permissioned DeFi NEOPIN believes in the power of decentralization, where the project thrives with the community, and has implemented a governance voting system to embrace the opinions of the community. Community members who contribute to the NEOPIN ecosystem, defined as NPT Stakers, can participate in major decisions on proposals aimed at improving the NEOPIN ecosystem (NEOPIN Improvement Proposal a.k.a. NIP). #### **✅ Find proposals here:** {% embed url="" %} ### Voting Powers Users who have staked in NPT Stake product through NEOPIN will be allocated voting powers based on their staking amount. (The NPT based pool deposit such as "NPT-nUSDT" does not count for the allocation of voting powers.) A number of voting powers is calculated based on the amount of NPT staked, and the number of voting powers is updated daily at 23:55 UTC. For each agenda, a user’s voting power may vary as it is determined by taking a snapshot of the number of voting powers each user has at the time the agenda is listed on the NEOPIN governance page. This means additional staking will not be reflected in the number of voting power for an agenda if it is already listed. Voting powers can be used to vote either “YES” or “NO” for each agenda item. When you vote, all of your voting powers for that agenda will be used, and you cannot change your vote once it has been submitted. ### Voting Results If less than 33% of the total voting powers issued are not voted by the end of the agenda, the result will be reflected as an “Abstain” and considered defeated. In this case, NEOPIN will conduct an internal review and vote for or against the proposal in accordance with \[[NIP-6](https://legacy.mayflower.fyi/governance/detail/?id=6666c4cfdb1dceb24834f004)]. If, on the other hand, more than 33% of the total voting powers are voted, the result of the proposal will be reflected by the majority rule of either the “YES”/”NO” option. If neither “YES” nor “NO” receives more than half of the total votes, the result will be reflected as “Abstain”. ## How to Vote Please see the guide below on how to vote on the Governance Voting Platform on NEOPIN. {% content-ref url="/pages/weB6vdACFOnEDCQ93gbY" %} [\[App\] Governance Voting Guide](/governance-vote/app-governance-voting-guide) {% endcontent-ref %} {% content-ref url="/pages/penZlV3RwFoB6gbhTNcu" %} [\[Web\] Governance Voting Guide](/governance-vote/web-governance-voting-guide) {% endcontent-ref %} # Klaytn Governance Vote The FIRST Ever Governance Voting Platform on Klaytn Network

Through the Governance Voting Platform, NEOPIN has delegated these voting rights to the NEOPIN Community, where user opinions are collected and NEOPIN's voting rights in the governance system of various mainnets are exercised on their behalf. ### **NEOPIN in Klaytn** NEOPIN has been a Genesis Governance Council (GC) member since the launch of the Klaytn mainnet in 2019. NEOPIN holds 15 voting rights, representing approximately 7% of the total 216 voting rights held by all GC members. [This page](https://neopin.io/governance/) displays real-time agenda items posted on [Klaytn Square](https://square.klaytn.foundation/Proposal), the official governance channel of the Klaytn Foundation. In order to allow time for results to be calculated, voting periods on the NEOPIN Governance page will end one day earlier than on Klaytn Square. #### **✅ Find active proposals here:** {% embed url="" %} ### Voting Powers Users who have staked in KLAY Staking products (KLAY Stake and Liquid Stake) through NEOPIN will be allocated voting powers based on their staking amount. (The npKLAY-KLAY pool does not count for the allocation of voting powers.) A number of voting powers is calculated based on the amount of KLAY staked, and the number of voting powers is updated daily at 23:55 UTC. For each agenda, a user’s voting power may vary as it is determined by taking a snapshot of the number of voting powers each user has at the time the agenda is listed on the NEOPIN governance page. This means additional staking will not be reflected in the number of voting power for an agenda if it is already listed. Voting powers can be used to vote either “YES” or “NO” for each agenda item. When you vote, all of your voting powers for that agenda will be used, and you cannot change your vote once it has been submitted. ### Voting Results If less than 33% of the total voting powers issued are not voted by the end of the agenda, the result will be reflected as an “Abstain” and considered defeated. In this case, NEOPIN will conduct an internal review and vote for or against the proposal in accordance with \[[NIP-6](https://neopin.io/governance/detail/?id=6666c4cfdb1dceb24834f004)]. If, on the other hand, more than 33% of the total voting powers are voted, the result of the proposal will be reflected by the majority rule of either the “YES”/”NO” option. If neither “YES” nor “NO” receives more than half of the total votes, the result will be reflected as “Abstain”. ## How to Vote Please see the guide below on how to vote on the Governance Voting Platform on NEOPIN. {% content-ref url="/pages/weB6vdACFOnEDCQ93gbY" %} [\[App\] Governance Voting Guide](/governance-vote/app-governance-voting-guide) {% endcontent-ref %} {% content-ref url="/pages/penZlV3RwFoB6gbhTNcu" %} [\[Web\] Governance Voting Guide](/governance-vote/web-governance-voting-guide) {% endcontent-ref %} # \[Deprecated] Finschia Governance Vote The FIRST Ever Governance Voting Platform on Finschia Network

{% hint style="info" %} Following the Kaia merger, the Finschia Governance Voting is no longer available. {% endhint %} ### NEOPIN with Finschia On 13 July, Finschia Foundation has announced **Finschia Governance Member (FGM)** for Governance 2.0 and the formation of a consortium. **NEOPIN has been participating as a Governance Member in Finschia Governance and jointly operate the public blockchain Mainnet Finschia.** ### FNSA Staking in NEOPIN Staking $FNSA will allow you to earn up to **11.9% APR** passive income by contributing to the security and growth of the Finschia ecosystem. It’s a great way to put your $FNSA to work and enjoy rewards in return. Currently, the privilege of participating in major decision-making resides solely with Finschia Governance members. By launching Finschia Governance on NEOPIN for individual $FNSA holders, we will empower them to propose and advocate for protocol changes, fostering a community-operated governance model through community voting. #### **✅ Find active proposals here:** {% embed url="" %} ### Voting Powers Users who have staked in FNSA Stake product through NEOPIN will be allocated voting powers based on their staking amount. A number of voting powers is calculated based on the amount of FNSA staked, and the number of voting powers is updated daily at 00:00 UTC. For each agenda, a user’s voting power may vary as it is determined by taking a snapshot of the number of voting powers each user has at the time the agenda is listed on the NEOPIN governance page. This means additional staking will not be reflected in the number of voting power for an agenda if it is already listed. Voting powers can be used to vote either “YES” or “NO” for each agenda item. When you vote, all of your voting powers for that agenda will be used, and you cannot change your vote once it has been submitted. ### Voting Results If less than 33% of the total voting powers issued are not voted by the end of the agenda, the result will be reflected as an “Abstain” and considered defeated. In this case, NEOPIN will conduct an internal review and vote for or against the proposal in accordance with \[[NIP-6](https://neopin.io/governance/detail/?id=6666c4cfdb1dceb24834f004)]. If, on the other hand, more than 33% of the total voting powers are voted, the result of the proposal will be reflected by the majority rule of either the “YES”/”NO” option. If neither “YES” nor “NO” receives more than half of the total votes, the result will be reflected as “Abstain”. ## How to Vote Please see the guide below on how to vote on the Governance Voting Platform on NEOPIN. {% content-ref url="/pages/weB6vdACFOnEDCQ93gbY" %} [\[App\] Governance Voting Guide](/governance-vote/app-governance-voting-guide) {% endcontent-ref %} {% content-ref url="/pages/penZlV3RwFoB6gbhTNcu" %} [\[Web\] Governance Voting Guide](/governance-vote/web-governance-voting-guide) {% endcontent-ref %} # \[App] Governance Voting Guide User Guide for Governance Voting on NEOPIN ## How to Vote 1. Go to **\[Earn]** tab > **\[Community]** tab in Discover > click **\[Governance]** > Select the network 2. Select an ongoing agenda and review the details. 3. Decide which option, “YES” or “NO” to vote, and click the **\[Vote]** button of the option you would like to vote.

4. Review your voting details and confirm the transaction.

5. Check the updated voting status of the agenda you voted for.

# \[Web] Governance Voting Guide User Guide for Klaytn Governance Voting on NEOPIN ## 1. Connect your wallet To use the Governance service on the NEOPIN Web, you need to connect your wallet first. Click the \[Connect Wallet] button and select the wallet you would like to connect. \ \ For NEOPIN wallet users, please refer to the section below to connect your wallet to the web for full access to the NEOPIN Web services.\ \ ▶ Review details on[ #5.-web-connect-your-neopin-wallet](https://docs.neopin.io/get-started/neopin-wallet#5.-web-connect-your-neopin-wallet) ## 2. How to Vote 1. Go to **\[Community]** tab on the top menu bar and select the **\[Governaace]** tab

2. Select an ongoing agenda and review the details. 3. Decide which option, “YES” or “NO” to vote, and click the **\[Vote]** button of the option you would like to vote.

4. Confirm your voting to proceed with the transaction and authorize the transaction in the NEOPIN App.

5. Check the updated voting status of the agenda you voted for.

# (EN) Klaytn x Finschia Merger to Kaia

On 15 February, the Klaytn<>Finschia Mainnet Merge Proposal ([KGP-25](https://govforum.klaytn.foundation/t/kgp-25-klaytn-finschia-mainnet-merge/719)), jointly initiated by Klaytn Foundation and Finschia Foundation, was passed with the approval of holders and governance members, enabling the two foundations to build Asia’s largest Web3 ecosystem with the planned launch of a unified mainnet. The proposed chain merge aims to integrate the respective technologies, services, and business capabilities of Finschia and Klaytn, positioning them as Asia’s leading and most competitive blockchain. **NEOPIN, the top DeFi platform on both mainnets, is committed to maintaining its status as the best DeFi in the Kaia network and, beyond that, to becoming the best DeFi in Asia.** On August 19, the Kaia Foundation announced its mainnet launch plan following its establishment on August 16. ([Reference](https://medium.com/kaiachain/its-official-kaia-mainnet-will-be-going-live-on-29-august-42fc10ea9583)) **NEOPIN plans to operate services accordingly for related products, including FNSA staking, nFNSA pools, and the migration from nFNSA to KAIA, as outlined below:**

Date	NEOPIN Service Update
23. 08. 24	Suspension of new FNSA staking on NEOPIN * Unstaking and reward claim will remain available
26. 08. 24	FNSA staking rewards are no longer generated and membership to be terminated on FNSA staking. * Unstaking waiting time will be changed from 7 days to 1 hour
29. 08. 24	Finschia Bridge to be terminated and renewed to nFNSA to KAIA Swap * nFNSA holders can directly swap to KAIA on NEOPIN. Termination of nFNSA Swap Pools (nFNSA-NPT, nFNSA-KLAY) * Withdrawals and reward claim will remain available. KAIA Staking Event Begins

Stay tuned for more exciting announcement!
# Guide for FNSA holder {% content-ref url="/pages/JZIMDMkqbR5qIE72TttN" %} [\[Mobile\] Guide to convert FNSA to KAIA](/kaia-migration/en-klaytn-x-finschia-merger-to-kaia/guide-for-fnsa-holder/mobile-guide-to-convert-fnsa-to-kaia) {% endcontent-ref %} {% content-ref url="/pages/JmwWnO53cnadvfsVPevW" %} [\[Web\] Guide to convert FNSA to KAIA](/kaia-migration/en-klaytn-x-finschia-merger-to-kaia/guide-for-fnsa-holder/web-guide-to-convert-fnsa-to-kaia) {% endcontent-ref %} # \[Mobile] Guide to convert FNSA to KAIA {% hint style="info" %} ***If you cannot access via your mobile, please follow the guide on PC environment to continue the swap as below:*** [\[Web\] Guide to convert FNSA to KAIA](/kaia-migration/en-klaytn-x-finschia-merger-to-kaia/guide-for-fnsa-holder/web-guide-to-convert-fnsa-to-kaia) {% endhint %} ## 1. Connect 1. Go to [**Kaia Portal**](https://portal.qa.kaia.io/fnsa-to-kaia) on your mobile browser or Go to **\[Wallet]** > **\[More]** > **\[Finschia Bridge]** > Select **\[Learn more]** button > Select **\[Go to Kaia Portal]** button ### **1-1. Connect NEOPIN as FNSA-supported Wallet** 1. Select the **\[Connect to FNSA-supported Wallet]** button > Select **\[WalletConnect]** with NEOPIN icon on the side, then, the QR code will be generated. 2. Tab the QR Code and allow the browser to open the NEOPIN app

3. You will be redirected to NEOPIN App and select **\[Connect]** button. 4. Go back to the Kaia portal on the web browser and wait for a few seconds until you see the pop up on the right. You need to sign in your wallet to finish connection to the portal.

Please wait for a moment until the pop up to be shown. If it takes longer than a minute, it may be the issue in communication via WalletConnect. Please request again from the web browser.

5. Allow the portal to open NEOPIN app and review the message. Select **\[Confirm]** button and enter your PIN Code to connect. 6. Go back to the portal and you will see the connected wallet to the portal.

### **1-2. Connect NEOPIN as KAIA-supported Wallet** 1. Select the **\[Connect to KAIA-supported Wallet]** button > Select **\[WalletConnect]** button 2. Select **\[NEOPIN]** in the list. If you don't see it on the list, select **\[View All]** > search for NEOPIN > select **\[NEOPIN]** button

3. Allow the portal to open NEOPIN app, then you will be redirected to NEOPIN App and select **\[Connect]** button. 4. Go back to the Kaia portal on the web browser and wait for a few seconds until you see the pop up on the right. You need to sign in your wallet to finish connection to the portal. 5. Review their terms of service and privacy policy and agree and select **\[Confirm]** button 6. Allow the portal to open NEOPIN app and review the message. Select **\[Confirm]** button to connect and enter your PIN Code. 7. Go back to the portal and you will see the connected wallet to the portal.

## 2. Convert 1. Enter the amount you want to convert and review the details.

2. Confirm your transaction on your NEOPIN App 3. Go back to the Kaia portal on your web brower and check the history section. Once it is done, you can check your KAIA balance in the NEOPIN app. ## **3. Don’t miss the chance to get TRIPLE benefits by staking KAIA on NEOPIN.** Simply follow the guide as below: {% content-ref url="/pages/48fzBC8GTs5DUuTt7x2S" %} [Guide to Stake KAIA](/kaia-migration/en-klaytn-x-finschia-merger-to-kaia/guide-to-stake-kaia) {% endcontent-ref %} # \[Web] Guide to convert FNSA to KAIA ## 1. Connect 1. Go to [**Kaia Portal**](https://portal.qa.kaia.io/fnsa-to-kaia) on your mobile browser or Go to NEOPIN website > **\[Bridge]** > **\[Finschia Bridge]** > Select **\[Learn more]** button > Select **\[Go to Kaia Portal]** button ### **1-1. Connect NEOPIN as FNSA-supported Wallet** 1. Select the **\[Connect to FNSA-supported Wallet]** button > Select **\[WalletConnect]** with NEOPIN icon on the side, then, the QR code will be generated.

2. Open NEOPIN app and tab the "Scan" icon on the top left 3. Scan the QR Code on your PC and select **\[Connect]** button.

4. Go back to the Kaia portal on the web browser and wait for a few seconds until you see the pop up. You need to sign in your wallet to finish connection to the portal.

5. Go to NEOPIN app and review the message and select **\[Confirm]** button and enter your PIN Code to connect

6. Go back to the portal and you will see the connected wallet to the portal.

### **1-2. Connect NEOPIN as KAIA-supported Wallet** 1. Select the **\[Connect to KAIA-supported Wallet]** button > Select **\[WalletConnect]** button, then the QR code will be generated.

2. Open NEOPIN app and tab the "Scan" icon on the top left 3. Scan the QR Code on your PC and select **\[Connect]** button.

4. Go back to the Kaia portal on the web browser and wait for a few seconds until you see the pop up. You need to sign in your wallet to finish connection to the portal.

5. Review their terms of service and privacy policy and agree and select **\[Confirm]** button 6. Go to NEOPIN app and review the message and select **\[Confirm]** button and enter your PIN Code to connect

7. Go back to the portal and you will see the connected wallet to the portal.

## 2. Convert 1. Enter the amount you want to convert and review the details.

2. Confirm your transaction on your NEOPIN App 3. Go back to the Kaia portal on your web brower and check the history section. Once it is done, you can check your KAIA balance in the NEOPIN app. ## **3. Don’t miss the chance to get TRIPLE benefits by staking KAIA on NEOPIN.** Simply follow the guide as below: {% content-ref url="/pages/48fzBC8GTs5DUuTt7x2S" %} [Guide to Stake KAIA](/kaia-migration/en-klaytn-x-finschia-merger-to-kaia/guide-to-stake-kaia) {% endcontent-ref %} # Guide for nFNSA holders {% content-ref url="/pages/uF1YVUaC7JuSqhHCoDan" %} [\[App\] Guide to convert nFNSA to KAIA](/kaia-migration/en-klaytn-x-finschia-merger-to-kaia/guide-for-nfnsa-holders/app-guide-to-convert-nfnsa-to-kaia) {% endcontent-ref %} {% content-ref url="/pages/eiNHX8IpUxnBVOaGMocY" %} [\[Web\] Guide to convert nFNSA to KAIA](/kaia-migration/en-klaytn-x-finschia-merger-to-kaia/guide-for-nfnsa-holders/web-guide-to-convert-nfnsa-to-kaia) {% endcontent-ref %} # \[App] Guide to convert nFNSA to KAIA ## 1. Convert 1. Go to **\[Trade]** tab or Go to **\[More]** > select **\[Finschia Bridge]** button

2. Enter the amount of nFNSA you would like to convert to KAIA

3. Review the estimated summary and click the **\[Confirm]** button to proceed with the transaction.

4. Enter the PIN Code to complete the transaction.

5. Check your KAIA balance on the NEOPIN wallet > Notes: > > * If this is your first time using a product, a one-time approval is required to proceed. >[/pages/B6UiByHc0AC603TCStqM#6.-approve](https://docs.neopin.io/kaia-migration/en-klaytn-x-finschia-merger-to-kaia/guide-for-nfnsa-holders/pages/B6UiByHc0AC603TCStqM#6.-approve "mention") ## 2. Don’t miss the chance to get TRIPLE benefits by staking KAIA on NEOPIN. Simply follow the guide as below: {% content-ref url="/pages/48fzBC8GTs5DUuTt7x2S" %} [Guide to Stake KAIA](/kaia-migration/en-klaytn-x-finschia-merger-to-kaia/guide-to-stake-kaia) {% endcontent-ref %} # \[Web] Guide to convert nFNSA to KAIA ## 1. Connect your wallet To use the Finschia Bridge service on the NEOPIN Web, you need to connect your wallet first. Click the \[Connect Wallet] button and select the wallet you would like to connect. For NEOPIN wallet users, please refer to the section below to connect your wallet to the web for full access to the NEOPIN Web services. ▶ Review details on[ #5.-web-connect-your-neopin-wallet](https://docs.neopin.io/get-started/neopin-wallet#5.-web-connect-your-neopin-wallet) ## 2. Convert 1. Go to **\[Bridge]** > **\[Finschia Bridge]** tab

2. Enter the amount of nFNSA you would like to convert to KAIA

3. Review the summary and estimates and confirm your transactions on your wallet. * No bridge fees! It’s on us! NEOPIN waives chain fee and convert fee for the seamless user experience.

4. Go to your wallet and confirm the transaction. For NEOPIN wallet user, confirm and enter the PIN Code is successfully authenticated, the conversion is complete.

5. Check your KAIA balance on the NEOPIN wallet > Notes: > > * If this is your first time using a product, a one-time approval is required to proceed. >[/pages/B6UiByHc0AC603TCStqM#6.-approve](https://docs.neopin.io/kaia-migration/en-klaytn-x-finschia-merger-to-kaia/guide-for-nfnsa-holders/pages/B6UiByHc0AC603TCStqM#6.-approve "mention") ## **3. Don’t miss the chance to get TRIPLE benefits by staking KAIA on NEOPIN.** Simply follow the guide as below: {% content-ref url="/pages/48fzBC8GTs5DUuTt7x2S" %} [Guide to Stake KAIA](/kaia-migration/en-klaytn-x-finschia-merger-to-kaia/guide-to-stake-kaia) {% endcontent-ref %} # Guide to Stake KAIA 1. KAIA staking is only available on NEOPIN App. Thus, if you are accessing from the Website, please download the NEOPIN App on your Google Play or App Store. \ \ [Download App](/get-started/download-app)
2. Tab \[Staking] button > Select \[KAIA staking] product. 1. Please make sure to check the Event label next to the list to be eligible for “KAIA Staking Event”.

3. After carefully reviewing the product information, click the \[Stake] button

4. Enter the amount to stake and click the \[Stake] button 1. Please make sure to review and agree to the "Terms of Use" before staking.

5. Enter the PIN Code to complete the stake.

1. The expected APR for Stake is determined by the chain inflation, and the changed APR will be updated and displayed in the Stake product information. 2. Staked assets cannot be deposited, withdrawn or traded. 3. There is a minimum amount required to stake depending on the product. 4. After your staking request, the transaction request will be sent to the blockchain network and you can check the transaction status on the \[Wallet] > \[Activity] section via the “Clock icon” on the top right. 5. Membership points are calculated and tiers are updated daily at 00:00 UTC. 6. Membership rewards with your updated tier will be then calculated at 23:30 UTC, and are available to users at 03:00 UTC daily. Thus, please expect your new tier’s APR Boost rewards to be generated within 48 hours of your staking. # (한국어) Klaytn x Finschia Merger to Kaia

2024년 2월 15일, Klaytn 재단과 Finschia 재단이 공동으로 제안한 Klaytn<>Finschia 메인넷 통합 제안([KGP-25](https://govforum.klaytn.foundation/t/kgp-25-klaytn-finschia-mainnet-merge/719))이 홀더와 거버넌스 멤버들의 승인을 받아 통과되었고 이에따라 두 재단은 통합 메인넷의 계획된 출시를 통해 아시아 최대의 Web3 생태계를 구축할 수 있게 되었습니다. 체인 통합은 Finschia와 Klaytn의 기술, 서비스 및 비즈니스 역량을 통합하여 아시아를 선도하고 가장 경쟁력 있는 블록체인이 되기 위해서 제안되었으며, 이를 기회로서 **각 체인 1등 디파이인 네오핀은 Kaia의 1등 디파이를 넘어 아시아 1등 디파이가 되는 것을 목표합니다.** 8월 19일, Kaia 재단이 8월 16일 Kaia 재단 설립 승인에 따라서 메인넷 출시 계획을 아래와 같이 발표했습니다. ([원문](https://medium.com/kaiachain/its-official-kaia-mainnet-will-be-going-live-on-29-august-42fc10ea9583)) **따라서, 네오핀은 FNSA 스테이킹, nFNSA 풀 및 nFNSA에서 KAIA로의 전환과 같은 관련 상품에 대한 서비스를 아래와 같이 운영할 계획입니다:**

날짜	네오핀 서비스 업데이트 일정
24.08.23	네오핀 FNSA(Finschia) 신규 스테이킹 서비스 중단 * 언스테이킹, 리워드 수령 가능
24.08.26	FNSA(Finschia) 스테이킹 리워드 생성 중단, 멤버십 지원 중단 * 언스테이킹 대기기간 기존 7일 > 1시간으로 변경
24.08.29	핀시아 브리지 지원 종료 및 nFNSA to KAIA 전환 페이지로 변경 * nFNSA 보유 사용자는 네오핀에서 바로 KAIA로 전환할 수 있습니다. nFNSA 스왑풀 지원 종료 (nFNSA-NPT, nFNSA-KLAY 풀 지원 종료) * 인출, 리워드 수령 가능 KAIA 스테이킹 이벤트 진행

이 외에도 더 다양한 소식이 예정되어 있으오니 많은 관심 부탁드립니다. # FNSA 홀더 가이드 {% content-ref url="/pages/rgbJh6gD2RK4cFVJ2LVs" %} [\[Mobile\] FNSA > KAIA로 전환 가이드](/kaia-migration/klaytn-x-finschia-merger-to-kaia/fnsa/mobile-fnsa-greater-than-kaia) {% endcontent-ref %} {% content-ref url="/pages/WcKH0Rez4CIF6BsgOJOk" %} [\[Web\] FNSA > KAIA로 전환 가이드](/kaia-migration/klaytn-x-finschia-merger-to-kaia/fnsa/web-fnsa-greater-than-kaia) {% endcontent-ref %} # \[Mobile] FNSA > KAIA로 전환 가이드 {% hint style="info" %} ***모바일 웹 화면에서 접근이 안되는 경우, PC 환경에서 진행하실 수 있습니다.*** ***가이드 참고:*** [\[Web\] FNSA > KAIA로 전환 가이드](/kaia-migration/klaytn-x-finschia-merger-to-kaia/fnsa/web-fnsa-greater-than-kaia) {% endhint %} ## 1. 지갑 연결하기 [**Kaia Portal**](https://portal.qa.kaia.io/fnsa-to-kaia) 로 이동하세요. 모바일 브라우저에서 **\[Wallet]** > **\[More]** > **\[Finschia Bridge]** > **\[Learn more]** 버튼 > **\[Go to Kaia Portal]** 버튼을 클릭하여 이동할 수 있습니다. ### 1-1. **FNSA-supported Wallet에 NEOPIN 지갑 연결** 1. **\[Connect to FNSA-supported Wallet]** 버튼을 선택한 후, NEOPIN 아이콘이 표시된 **\[WalletConnect]**을 선택하면, QR 코드가 표시됩니다. 2. QR 코드를 탭하고 브라우저에서 NEOPIN 앱을 열도록 허용합니다.

3. 네오핀 앱에서 \[Connect] 버튼을 탭하여 지갑을 포탈에 연결합니다. 4. 웹 브라우저의 Kaia 포탈로 돌아가서 오른쪽 팝업이 뜰 때까지 잠시 기다려주세요. 포탈 연결을 완료하려면 지갑에서 승인을 해야합니다.

5. 포탈에서 NEOPIN 앱을 열고 메세지를 검토할 수 있도록 허용해주세요. NEOPIN 앱에서 **\[Confirm]** 버튼을 클릭하고 PIN 코드를 입력하여 지갑을 포탈에 연결하세요. 6. 포탈로 돌아가면 포탈에 연결된 지갑을 확인 할 수 있습니다.

### 1-2. **KAIA-supported Wallet에 NEOPIN 연결** 1. **\[Connect to KAIA-supported Wallet]** 버튼 > **\[WalletConnect]** 버튼을 선택해주세요. 2. 목록에서 **\[NEOPIN]** 을 선택해주세요. 리스트에서 보이지 않는다면, **\[View All]** 을 클릭하여 NEOPIN을 검색하고 **\[NEOPIN]** 버튼을 클릭하세요.

3. 포탈이 NEOPIN 앱을 열 수 있도록 허용해주세요. 4. NEOPIN 앱에서 \[Connect] 버튼을 클릭하여 지갑을 연결하세요. 5. 웹 브라우저의 Kaia 포탈로 돌아가서 팝업이 뜰 때까지 잠시 기다려주세요. 포탈 연결을 완료하려면 지갑에서 승인을 해야합니다. 6. 이용약관과 정책을 확인하시고 \[Confirm] 버튼을 눌러주세요. 7. 포탈에서 NEOPIN 앱을 열고 메세지를 검토할 수 있도록 허용해주세요. NEOPIN 앱에서 **\[Confirm]** 버튼을 클릭하고 PIN 코드를 입력하여 지갑을 포탈에 연결하세요. 8. 포탈로 돌아가면 포탈에 연결된 지갑을 확인 할 수 있습니다.

## 2. 전환하기 1. 전환하려는 금액을 입력하고 세부정보를 검토하세요. 2. NEOPIN 앱에서 거래를 확인하고 트랜잭션을 승인하세요.

3. Kaia 포탈로 돌아가 전환 기록을 확인하세요. 트랜잭션이 완료되면 NEOPIN 앱에서 KAIA 잔액을 확인할 수 있습니다. ## 3. NEOPIN에서 KAIA를 스테이킹하고 트리플 혜택을 얻을 기회를 놓치지 마세요. 아래 가이드를 따라 스테이킹을 진행하실 수 있습니다. {% content-ref url="/pages/FmvoXHznADcrbgxqkX9W" %} [KAIA 스테이킹 가이드](/kaia-migration/klaytn-x-finschia-merger-to-kaia/kaia) {% endcontent-ref %} # \[Web] FNSA > KAIA로 전환 가이드 ## 1. 지갑 연결하기 [**Kaia Portal**](https://portal.qa.kaia.io/fnsa-to-kaia)로 이동하세요. 모바일 브라우저나 NEOPIN 웹사이트에서 > **\[Bridge]** > **\[Finschia Bridge]** > **\[Learn more]** 버튼 > **\[Go to Kaia Portal]** 버튼을 클릭하여 이동할 수 있습니다. ### **1-1. FNSA-supported Wallet에 NEOPIN 지갑 연결** 1. **\[Connect to FNSA-supported Wallet]** 버튼을 선택한 후, NEOPIN 아이콘이 표시된 **\[WalletConnect]**을 선택하면, QR 코드가 표시됩니다.

2. 네오핀 앱을 열어 좌측 상단의 "스캔" 아이콘을 클릭 하세요. 3. 웹에 표시된 QR 코드를 스캔한 뒤 **\[Connect]** 버튼을 클릭하세요.

4. 웹 브라우저의 Kaia 포탈로 돌아가서 오른쪽 팝업이 뜰 때까지 잠시 기다려주세요. 포탈 연결을 완료하려면 지갑에서 승인을 해야합니다.

5. 지갑 연결을 위해 NEOPIN 앱으로 가서 메세지를 확인하고, \[Confirm] 버튼을 클릭한 뒤 PIN 코드를 입력해주세요.

6. 포탈로 돌아가면 포탈에 연결된 지갑을 확인 할 수 있습니다.

### **1-2. KAIA-supported Wallet에 NEOPIN 연결** 1. **\[Connect to KAIA-supported Wallet]** 버튼 > **\[WalletConnect]** 버튼을 선택하면 QR 코드가 표시됩니다.

2. 네오핀 앱을 열어 좌측 상단의 "스캔" 아이콘을 클릭 하세요. 3. 웹에 표시된 QR 코드를 스캔한 뒤 **\[Connect]** 버튼을 클릭하세요.

4. 웹 브라우저의 Kaia 포탈로 돌아가서 오른쪽 팝업이 뜰 때까지 잠시 기다려주세요. 포탈 연결을 완료하려면 지갑에서 승인을 해야합니다.

5. 지갑 연결을 위해 NEOPIN 앱으로 가서 메세지를 확인하고, \[Confirm] 버튼을 클릭한 뒤 PIN 코드를 입력해주세요.

6. 포탈로 돌아가면 포탈에 연결된 지갑을 확인 할 수 있습니다.

## 2. 전환하기 1. 전환하려는 금액을 입력하고 세부정보를 검토하세요.

2. NEOPIN 앱에서 거래를 확인하고 트랜잭션을 승인하세요. 3. 웹 브라우저의 Kaia 포탈에 돌아가서 전환 기록을 확인하세요. 트랜잭션이 완료되고 나면 NEOPIN 앱에서 KAIA 잔액을 확인할 수 있습니다. ## 3. NEOPIN에서 KAIA를 스테이킹하고 트리플 혜택을 얻을 기회를 놓치지 마세요. 아래 가이드를 따라 스테이킹을 진행하실 수 있습니다. {% content-ref url="/pages/FmvoXHznADcrbgxqkX9W" %} [KAIA 스테이킹 가이드](/kaia-migration/klaytn-x-finschia-merger-to-kaia/kaia) {% endcontent-ref %} # nFNSA 홀더 가이드 # \[App] nFNSA > KAIA로 전환 가이드 ## 1. 전환하기 1. \[Trade] 탭 또는 \[더보기] > \[Finschia Bridge]로 이동합니다.

2. KAIA로 전환하려는 nFNSA의 수량을 입력하세요.

3. 예상 요약을 검토하고 \[확인] 버튼을 클릭하여 거래를 진행합니다.\

4. PIN 코드를 입력하여 거래를 완료합니다.\

5. NEOPIN 지갑에서 KAIA 잔액을 확인하세요. > 참고 > > * 상품을 처음 이용하는 경우에는 상품 이용을 위해서 최초 한번 스마트 컨트렉트에 자산 접근 권한 승인이 필요합니다. 자산 접근 권한 승인 가이드 >[/pages/B6UiByHc0AC603TCStqM#6.-approve](https://docs.neopin.io/kaia-migration/klaytn-x-finschia-merger-to-kaia/nfnsa/pages/B6UiByHc0AC603TCStqM#6.-approve "mention") ## 2. NEOPIN에서 KAIA를 스테이킹하고 트리플 혜택을 얻을 기회를 놓치지 마세요. 아래 가이드를 따라 스테이킹을 진행하실 수 있습니다. {% content-ref url="/pages/FmvoXHznADcrbgxqkX9W" %} [KAIA 스테이킹 가이드](/kaia-migration/klaytn-x-finschia-merger-to-kaia/kaia) {% endcontent-ref %} # \[Web] nFNSA > KAIA로 전환 가이드 ## 1. 지갑 연결하기 NEOPIN 웹에서 Finschia Bridge 서비스를 이용하려면 먼저 지갑을 연결해야 합니다. \[지갑 연결] 버튼을 클릭하고 연결할 지갑을 선택하세요.\ \ NEOPIN 지갑 사용자라면 아래 섹션을 참고하여 NEOPIN 웹 서비스에 대한 전체 접근 권한을 위해 지갑을 웹에 연결하세요. ▶ 자세한 내용은 #5.-web-connect-your-neopin-wallet 섹션을 참조하세요. ## 2. 전환하기 1. \[Bridge] > \[Finschia Bridge] 탭으로 이동합니다.

2. KAIA로 전환하려는 nFNSA의 수량을 입력하세요.

3. 예상 내역을 검토한 후, \[Confirm] 버튼을 클릭하여 연결된 지갑에서 거래를 확인합니다. * NEOPIN은 사용자 경험을 위해 체인 수수료와 전환 수수료를 면제합니다.

4. 연결한 지갑으로 트랜잭션을 승인합니다. 네오핀 지갑 사용자는 네오핀 앱에서 거래 확인 및 PIN 코드 인증이 성공적으로 완료되면 전환이 완료됩니다.

5. NEOPIN 지갑에서 KAIA 잔액을 확인하세요. > 참고 > > * 상품을 처음 이용하는 경우에는 상품 이용을 위해서 최초 한번 스마트 컨트렉트에 자산 접근 권한 승인이 필요합니다. 자산 접근 권한 승인 가이드 >[/pages/B6UiByHc0AC603TCStqM#6.-approve](https://docs.neopin.io/kaia-migration/klaytn-x-finschia-merger-to-kaia/nfnsa/pages/B6UiByHc0AC603TCStqM#6.-approve "mention") ## 3. NEOPIN에서 KAIA를 스테이킹하고 트리플 혜택을 얻을 기회를 놓치지 마세요. 아래 가이드를 따라 스테이킹을 진행하실 수 있습니다. {% content-ref url="/pages/FmvoXHznADcrbgxqkX9W" %} [KAIA 스테이킹 가이드](/kaia-migration/klaytn-x-finschia-merger-to-kaia/kaia) {% endcontent-ref %} # KAIA 스테이킹 가이드 1. KAIA 스테이킹은 NEOPIN 앱에서만 가능합니다. 따라서 웹사이트에서 접속 중이라면 Google Play 또는 App Store에서 NEOPIN 앱을 다운로드해 주세요.\ \ [Download App](/get-started/download-app)
2. \[스테이킹] 버튼을 탭한 후, \[KAIA 스테이킹] 상품을 선택하세요. * "KAIA 스테이킹 이벤트"에 참여하려면 목록 옆의 이벤트 라벨을 확인하세요.

3. 상품 정보를 신중하게 검토한 후, \[스테이킹] 버튼을 클릭하세요.

4. 스테이킹할 금액을 입력하고 \[스테이킹] 버튼을 클릭하세요. * 스테이킹을 진행하기 전에 "이용 약관"을 검토하고 동의하는 것을 잊지 마세요.

5. PIN 코드를 입력하여 스테이킹을 완료하세요.

* 스테이킹의 예상 APR은 체인 인플레이션에 따라 결정되며, 변경된 APR은 스테이킹 * 상품 정보에 업데이트되어 표시됩니다. * 스테이킹된 자산은 예치, 출금 또는 거래할 수 없습니다. * 상품에 따라 스테이킹을 위한 최소 금액이 필요할 수 있습니다. * 스테이킹 요청 후, 거래 요청이 블록체인 네트워크로 전송되며, 거래 진행 사항은 \[지갑] > 우측 상단에 시계 아이콘 선택하여 \[활동 내역]에서 확인하실 수 있습니다. * 멤버십 포인트는 매일 UTC 기준 00:00에 계산되며, 등급은 업데이트됩니다.\ 멤버십 보상은 업데이트된 등급에 따라 UTC 기준 23:30에 계산되며, 매일 UTC 기준 03:00에 사용자에게 제공됩니다. 따라서, 스테이킹 후 48시간 내에 새로운 등급의 APR 부스트 보상이 생성될 것으로 예상됩니다. # NEOPIN Economy NEOPIN's Token Economics and Allocation

The NPT economy connects various crypto financial services, such as P2E, S2E, M2E, and NFT, through which users and liquidity providers can benefit from NPT. Users can supply virtual assets or NPT into a liquidity pool on NEOPIN, generating fees for swap transactions and contributing to the growth of the NEOPIN ecosystem and the value of NPT. The NPT economy is designed to reward users based on their contribution to the NEOPIN ecosystem. NEOPIN aims to create a user-centered ecosystem by establishing a sustainable token economy and distributing a significant portion of the rewards to users. ### Ticker * NPT ### Contract Address * Ethereum * 0x306ee01a6bA3b4a8e993fA2C1ADC7ea24462000c ([Etherscan](https://etherscan.io/token/0x306ee01a6bA3b4a8e993fA2C1ADC7ea24462000c)) * Polygon * 0x306ee01a6bA3b4a8e993fA2C1ADC7ea24462000c ([Polygonscan](https://polygonscan.com/token/0x306ee01a6bA3b4a8e993fA2C1ADC7ea24462000c)) * Klaytn * 0xe06597d02a2c3aa7a9708de2cfa587b128bd3815 ([Klaytnscope](https://bit.ly/3wawMED)) ### Chain * Ethereum (ERC-20) * Polygon (ERC-20) * Klaytn (KIP-7; ERC-20 compatible) ### Vision Paper * ### Use cases * users may receive NPT through Stake, Pool products and other forms of transactions. ## More on NPT Check below for more information on Neopin (NPT). {% content-ref url="/pages/D1u3S77nN5iUSUOUquIf" %} [NPT Tokenomics](/tokenomics/neopin-economy/npt-tokenomics) {% endcontent-ref %} {% content-ref url="/pages/estpF77GK8Mb0ihRnCRF" %} [Issuance and Allocation](/tokenomics/neopin-economy/issuance-and-allocation) {% endcontent-ref %} # NPT Tokenomics Understanding the NPT Structure NPT serves as the main economic medium for exchange and rewards within the NEOPIN ecosystem. The NPT Economy clearly defines the contributions of participants to the ecosystem and provides relevant rewards to contributors.

## 1. Rewards for participation in the ecosystem NPT is a systemic ecosystem built to induce spontaneous participation from users. The NPT economy provides rewards based on the contribution of participants in the ecosystem, and the rate of rewards is adjusted proportionally to the contribution. ### 1-1. Rewards for Liquidity Providers * Mining rewards in Pool products are earned based on the interest rate * Liquidity providers are rewarded with fees generated from swap transactions by users. * A certain rate of the proﬁt generated by the operation of a staking node is continuously traded in liquidity pools, and the rewards generated are provided as additional proﬁt. ### **1-2. Rewards for Stake** * Rewards are provided in proportion to the amount delegated to a Stake product. * In Stake products, Stake rewards and mining rewards are provided in accordance to the users’ contribution to the ecosystem. ### 1-3. Rewards for NPT LockUp * Rewards for lockup products are provided proportionally to the amount of locked NPT. ### **1-4. Rewards for Participation in Events & Services** * Rewards are provided for participating in an event to activate the NEOPIN service. The maximum amount of liquidity and service mining rewards are based on the volume of the liquidity pool and the NEOPIN ecosystem. The distribution of NPT is adjusted to maintain the value of NPT and encourage continuous participation until the NEOPIN ecosystem is fully expanded. To ensure transparency and reliability, the distribution of NPT will be disclosed periodically. ## 2. Maintaining a sustainable ecosystem NEOPIN rewards users for contributing to its ecosystem. Lack of contribution rewards may weaken motivation to participate in the NEOPIN ecosystem and threaten the stability of a liquidity pool.

NEOPIN maintains the stability of the NPT economy with stable circulation of NPT in the NEOPIN ecosystem through Swap, NFT marketplace, P2E, and S2E * Expanding Swap product by supporting multiple chains. * Increasing NPT usage by expanding X2E (P2E, S2E, M2E) service. * Creating an initial liquidity pool to buy back NPT * Using profits to buy back NPT from the market This circular structure of the NEOPIN ecosystem encourages user participation and helps sustain the ecosystem by collecting rewards from a variety of services. # Automated Reallocation Mechanism (AutoRM) Understanding the AutoRM ## TL; DR Automated Reallocation Mechanism (AutoRM) reduces NPT's circulating supply and increases its value by automatically reallocating tokens based on protocol fees and node validation revenue. The NEOPIN community can participate in AutoRM initiation proposals and voting based on their staked NPT, aiming to make NPT more attractive and ensure its long-term sustainability. ## NEOPIN Tokenomics 3.0 NEOPIN protocol announces its most progressive tokenomics update yet which can effectively reduce the circulating supply of NPT and strengthen the value of the native token by leveraging the protocol revenue. NEOPIN protocol is a centralized decentralized finance (CeDeFi) platform that provides a variety of DeFi services, including yield farming, AMM, PoS staking, and liquidity mining. The NEOPIN protocol’s native token is NPT. The NEOPIN Automated Reallocation Mechanism(AutoRM) is designed for its native token, NPT. It works by taking a portion of the protocol fees generated on the NEOPIN and using them to retrieve and reallocate NPT tokens from various pools on the NEOPIN. The amount of NPT reallocated is determined by a number of factors, including the volume of trading activity on the platform, and the whole process is done automatically through smart contracts, without human or third-party intervention. In addition to protocol fees, node validation revenue from nodes on multiple NEOPIN-operated blockchains are also used to retrieve and reallocate NPT tokens. The total amount of NPT reallocated each quarter is determined by the volume of trading activity on the NEOPIN protocol and the total node validation revenue. The more trading activity and node validation revenue, the more NPT will be reallocated from its swap pools to the protocol reserve.

NEOPIN Tokenomics 3.0: NPT Automated Reallocation Mechanism(AutoRM)

## Two Pillars of the NEOPIN Auto Reallocation Mechanism (AutoRM) It consists of two sub-protocols, Autonomous Swap and Deflationary Auction. ### 1. Autonomous Swap: Phase 1, Q1 2024 Autonomous Swap works as follows: * A portion of the node validation revenue generated on the NEOPIN platform is collected. * The collected node validation revenue is used to autonomously retrieve NPT tokens from different pools on the NEOPIN platform through smart contracts. * The retrieved NPT tokens are then reallocated to the protocol reserve by smart contracts. * The Autonomous Swap mechanism will be triggered every quarter and will provide front-running opportunities for the NEOPIN community to regularly take advantage of increased reward rates across its yield farming pools. * The amount of NPT to be reallocated is determined by the total node validation revenue generated by NEOPIN. ### 2. Deflationary Auction: Phase 2, 2024 The Deflationary Auction works as follows: * A portion of the protocol fees is collected from the blockchain networks operating on NEOPIN. * The collected protocol fees are used to allocate for an auction through smart contracts. * NEOPIN users can bid on this auction using NPT. The highest bidder will be able to own an asset portion of the auction. * The NPT tokens paid for the auction are immediately reallocated to the protocol reserve by smart contracts. * The Deflationary Auction mechanism will be triggered every quarter, providing arbitrage opportunities for the NEOPIN community. * The amount of the asset portion of the auction will be determined by the volume of transactional activity on the NEOPIN platform and market price of NPT token at the moment of the auction launched. ## Token Reallocation Resources The NEOPIN protocol token reallocation mechanism is funded by a combination of protocol fees and node validation revenue. * **Node validation revenue:** The NEOPIN protocol operates nodes on multiple blockchains. Revenue from these nodes is used to fund the autonomous swap mechanism. The current percentage of node validation revenue used for token reallocation is 50%. * **Protocol Fees:** A portion of the transaction fees generated on NEOPIN is collected and used to fund the deflationary auction. The current percentage of transaction fees dedicated to the deflationary auction is 40%. The total amount of NPT tokens that is reallocated each quarter is determined by the volume of trading activity on the NEOPIN protocol and the total node validation revenue. The more trading activity and node validation profits, the more NPT will be reallocated from the circulating supply to the protocol reserve. This ensures that the token reallocation mechanism is sustainable and that it can continue to operate even if the volume of trading activity on the NEOPIN protocol decreases due to a market downturn. It also helps to ensure that the token reallocation mechanism is fair, as it is funded by both community users and the protocol itself. ## Benefits of the Auto Reallocation Mechanism (AutoRM) The NEOPIN protocol's AutoRM mechanism has a number of benefits, including: * It reduces the supply of NPT tokens in circulation, making each token more scarce and valuable. * It increases the demand for NPT tokens, as users are more likely to retrieve tokens that they know will be reallocated on a regular basis. * It helps ensure the long-term sustainability of the NEOPIN protocol by reducing the risk of inflation. ## AutoRM Initiations under the NEOPIN Community Governance Members of the NEOPIN community will be able to participate in the AutoRM initiation proposal each quarter and vote for the initiation with their voting power based on the amount of NPT staked by each member. ## Roadmap All NPT stakeholders were invited to engage in the NIP-1 proposal, which was open for voting from December 6, 2023, until December 19, 2023, at 09:00 UTC. We are pleased to announce that the proposal has successfully passed the community governance vote with an overall voting rate of 51.84%, comprising 51.81% in favor and 0.03% against. Following the endorsement from the NEOPIN community, the Autonomous Swap mechanism is set to be activated on-chain in Q1 2024, with subsequent quarterly operations. Additionally, the Deflationary Auction mechanism is scheduled for on-chain launch in 2024. For further details, the core development team will provide comprehensive information at the time of smart contract deployment. ## Conclusion The NEOPIN protocol AutoRM mechanism is designed to make NPT a more deflationary token and increase the value of each token. Deflationary tokens are scarcer and therefore more valuable. The NEOPIN community believes that this new reallocation mechanism will help make NPT a more attractive crypto asset for its community and help ensure its long-term sustainability as a decentralized, community-governed financial protocol.
# Issuance and Allocation Information on NEOPIN Issuance and Allocation ## 1. Issuance A total of 1 billion NPT tokens have been issued, and only a small portion of the total amount will be made available for trading in the market each month in order to ensure the long-term sustainability of the platform.

## 2. Allocation A portion of the NPT tokens will be allocated to the ecosystem for use in creating an initial liquidity pool, providing staking rewards, mining rewards, and service rewards. This helps to support the long-term operation of the NEOPIN ecosystem.

The Operation allotment is used to incentivize the project team and is distributed based on an individual's contribution to the ecosystem. The Reserve allotment is used for expanding the ecosystem beyond the allocated purposes. The Partnership allotment is used to increase the use of NPT by establishing new partnerships and developing new services. The lock-up period for this allotment may vary depending on the nature of each partnership. The Marketing allotment is used for marketing expenses to actively promote the NEOPIN project and increase the number of participants. \* The token allocation plan outlined in this document is subject to change based on the progress of the roadmap and technical development, or any other circumstances that may affect token issuance and distribution. If any changes occur, NEOPIN will provide details on their website.
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