Furio — Finally part of the 2.5% daily reward club
Furio has deployed a (unique) variable rewards programme. Mostly to protect the future of the Furio ecosystem. The way it is designed it honors positive action (= re-compound) which benefits the ecosystem and with that everyone invested in Furio. The system looks like this:
In short the more you re-compound the higher your daily reward, up to 2.5% of daily profit. The reward system punishes you if you claim more often. As yo see in the screenshot above if you claim more then 3 times a week within a rolling period of 28 days, you will end up with 0.5% rewards. It will take you then again another 28 days to move up the ladder.
For me the milestone to get the 2.5% reward, the highest reward level Furio offers, was finally today. I compounded pretty much every day for the last 28 days. Yep, I forgot it a few times, I think it was about 2 times where I compounded 12 hours too late, but this didn’t impact my move to the highest reward level as it seems. I never claimed any of my rewards obviously, as this would have had a negative impact moving up to the 2.5% level, if you remove liquidity from the system.
This move from 1.75 to 2.5% daily reward means roughly a 50% increase of the daily reward. This is quite significant increase on a daily basis and a great way to increase your investment within the Furio ecosystem.
I will provide an update shortly on how this impacts the increase of an investment in the long run. I am really looking forward to these numbers myself and expect quite a (even more) positive effect. Stay tuned.
Are you also interested in gaining 2.5% daily on your investment? Are you looking for a team to join or just like to follow me on that Defi journey? You are very welcome to join me by using below link: