Auction

Auction, a trade market for Vault Stakes!

Investors have the option to sell their created Vault stakes at a price of their choosing. Some investors may have an immediate need to exit their stakes for various reasons and may be willing to sell their deposits at a lower total value in order to retrieve their tokens without waiting for the full stake duration which in this scenario, other users can actively participate in the market as a buyer or seller of these deposits, aiming to make a profit. By engaging in these transactions, they have the opportunity to generate profits and also earn Ares tokens as a reward for their involvement in the market.

It's important to note that there is a 1.5% tax associated with Auction stakes. This tax is only applied if an auctioned stake is sold, and the entire tax amount is transferred to the Price Stability & Pair Creation Pool.

As an Auction buyer, users are rewarded with Ares tokens through a minting mechanism. The amount of Ares tokens received is equal to 1.2% of the purchased deposit's Apollo tokens.

Overall, by participating as a buyer or seller in the market for stakes, you have the potential to generate profits and earn additional Ares tokens as rewards for your involvement.