What is VVS Finance?

VVS Finance is a decentralized non-custodial Automated Market Maker (AMM) protocol that brings an efficient way for users to swap and farm tokens, where you can participate as a depositor. As a depositor, you can earn a passive income by providing liquidity to the market. On the other hand, you can borrow assets from the liquidity pool as well with enough collateral from your deposited assets.

With DeFi Earn integration, we handle the deposit and withdrawal process with VVS Glitter Mines natively on the DeFi Wallet app, hence you don’t have to worry about dealing with smart contract calls and we simplify the concept of tokens and display the accrued interest you’re earning overtime -

When your tokens are deposited to the VVS Finance protocol via DeFi Earn, you are transferring them to the VVS Finance smart contract.

When you decide to withdraw your deposited assets, extra funds earned through VVS will be credited to your account. For example, depositing 1 VVS will slowly grow in balance as time goes on. When you withdraw, that extra balance will be credited to you.

Read on to learn about how to deposit, view earnings, and withdraw via DeFi Earn.

Note: Please reach out to the VVS Finance Support Team if you have any questions pertaining to VVS Finance that are not answered in this article.

How do I deposit my crypto assets to DeFi Earn - VVS Glitter Mines?

  1. Tap [Earn] on the bottom navigation of your DeFi Wallet app

  2. Scroll down to [Explore More Tokens] to see supported tokens of DeFi Earn.

  3. Select your VVS token and choose the VVS protocol in the [Choose Protocol] page

  4. Select [Auto VVS] pool and enter the deposit amount to see the projected annual earning based on the latest APY%

  5. Authorize the deposit request with your passcode (and 2FA if enabled)

  6. Wait for the on-chain confirmation of your deposit request

  7. Once confirmed, you will see the refreshed total assets amount on your DeFi Earn screen

On the DeFi Earn home screen, you will also be able to see the estimated APY % by tokens. The tokens you deposit into DeFi Earn will be linked to one protocol for earning interest at the time of deposit. Your deposited asset will start accruing interest once the deposit is confirmed on-chain.

How do I view my earnings or deposited assets via DeFi Earn - VVS Glitter Mines?

Simply navigate to the DeFi Earn, by default we will show your total DeFi Earn assets in fiat equivalence in “Total Fiat Amount”

  • Tap on “Total Fiat Amount” to switch to “Total Crypto Amount” and view your DeFi Earn assets in crypto amount

  • Tap on “Total Crypto Amount” to switch to “Earnings” and view your estimated earnings

For a more granular breakdown, you can tap onto a specific token and you will be able to see the latest APY %, total asset amount, and estimated earnings in crypto amount.

How do I withdraw my crypto assets from DeFi Earn - VVS Glitter Mines?

There is no lockup period for the deposit and you can withdraw your crypto assets from DeFi Earn at any time. Here are the steps to withdraw your crypto assets from DeFi Earn:

  1. Withdrawal via DeFi Earn tab

    1. From home screen, navigate to the DeFi Earn tab at the bottom

    2. On DeFi Earn screen, select the token you would like to withdraw from the “Assets” section

    3. Tap onto the “Withdraw” button on the DeFi Earn Details screen

  2. Withdrawal via wallet balance

    1. From home screen, tap onto “DeFi Earn Assets”

    2. Select the token on the assets screen

    3. You will arrive at your wallet balance screen, tap “View Earnings”

    4. Tap onto the “Withdraw” button on the DeFi Earn Details screen

After confirming the withdrawal, you’ll see the pending status on both your home screen and the DeFi Earn screen.

How do I claim my rewards if the Glitter Mines pool expired?

We are integrating more pools from VVS Glitter Mines and they will only be live for approximately 60 days. After 60 days, we also provide a process for you to withdraw tokens you deposit and claim your rewards.

1. When you deposit your coins to VVS protocols, you will see the pool expired date on the pool selection page.

2. After the pool expires, you will see notifications regarding this on the navigation bar, DeFi Earn homepage, and asset management page.

3. You can tap [Withdraw and Claim Rewards] here to withdraw the VVS tokens you have deposited and claim your rewards.

Does Crypto.com charge a fee to deposit/withdraw to/from VVS Glitter Mines?

Crypto.com currently waived the 0.5% service fee on the corresponding earnings for each withdrawal from VVS Glitter Mines for users. The fee is used to supplement the operational costs and risks associated with managing DeFi services and bringing more DeFi projects to you.

Please note that VVS Glitter Mines is a Cronos-based protocol and each deposit or withdrawal request incurs a network fee in Cronos CRO.

Hence, we advise you to only withdraw your underlying assets + interest when you have earned enough to cover the network fee.

How can I opt out of my deposited assets as collateral on VVS Glitter Mines?

By default, all deposited assets to VVS Glitter Mines on the Crypto.com DeFi Wallet will opt-in as collateral. We currently do not support opting out of your deposits as collateral on VVS Finance. In order to opt out of your deposits as collateral on VVS Finance, please go to the VVS Finance Web DApp.

Did this answer your question?