‘Earn More’ on Charism. Add 20% to your yield by earning part of interest in CHO

Jun 22, 2023
12:06
2 min reading

Choise.com team

‘Earn More’ on Charism. Add 20% to your yield by earning part of interest in CHO

Earn more with ‘Earn More’. This is by no means an error.

Choise.com is happy to introduce a new feature on our DeFi platform Charism – ‘Earn More’. It allows you to enter a liquidity pool with increased yield by choosing to earn part of interest in CHO rather than the native token of the pool.

Consider this:

You join the USDC pool with 100 USDC at 20% APY. Upon withdrawal, your profit will be 20 USDC. And that’s it.
But if you join the pool through the ‘Earn more’ feature, you will receive 12 USDC and 12 USDC in CHO equivalent – 24 USDC in total.
Therefore, you will earn more in a super simple way – even for DeFi crypto novices!

How is the yield calculated?

With the ‘Earn More’ feature, we deduct 40% yield in the native pool currency and add 60% yield in CHO. Therefore you get +20% to your yield.

Why should I choose to receive part of the yield in CHO?

CHO is the utility token of the Choise.com ecosystem, it is integrated in the company’s products, has well-established tokenomics, and its price is set to grow over time;
CHO is already listed on Gate.io, Uniswap, MEXC Global, LBank. We also plan to list the token on some other major exchanges;
CHO has always attracted huge market attention:

- Top five coins to explode while the market is going down by FXstreet;
- Here Are Top Tokens Outperforming Crypto Winter by Coinspeaker;
- Winners of Crypto Recovery of July 2022 by Analytics Insight;
- Top 5 Trending Tokens Of October 2022 by The Coin Republic;
- Top 5 Altcoins to Watch Out for in November 2022 by CoinCodex;
- Crypto Market Review: Top 3 Trending Coins on CoinGecko by Analytics Insight;

and many more.

Currently, the ‘Earn More’ feature is available for three liquidity pools – USDC, DAI, and ETH. Over time, we will expand the number of pools with ‘Earn More’ based on the users’ suggestions and proposals in Choise.com DAO.

You may also withdraw your funds anytime you like without the loss of the yield.

How to ‘Earn More’

Go to the ‘Earn’ section on Charism platform;
In case your MetaMask wallet is not connected, you will have to connect it first by tapping the "Connect wallet" button in the upper right corner and follow the instructions;
Choose the pool* you want to enter and tap the ‘Earn More’ button on the right;
In the appearing window, choose the token, check the transaction details and tap the ‘Deposit’ button;

Confirm the transaction in the appearing window.

*Note that the APY displayed on Charism is variable, it can be higher or lower, depending on the market conditions and demand for underlying lending strategy. Usually the displayed APY is a precise one, but one should consider that final numbers can be different upon withdraw from ‘Earn More’.

You can increase your ‘Earn More’ yield by max 10% depending on the amount of veCHO you got with CHO Staking.

Friendly reminder: The amount of the received veCHO tokens depends on the lockup period (1 week to 4 years) and the amount of the locked CHO tokens. The general rule is as follows:

The longer the lockup period, the more veCHO you get;
The more CHO tokens in the lock, the more veCHO you get.

Example

How to get veCHO

Buy CHO straight from your wallet or on any exchange;
Go to CHO Staking;
Choose the amount of CHO for staking;
Choose the lockup period;
Submit staking transaction by tapping on “Approve amount”;
Get veCHO

& enjoy additional benefits.

Staking

No worries if you do not have the veCHO tokens. ‘Earn more’ will still allow you to earn more, regardless of your staking activity. Try the feature on Charism right now.