All you need to Know about Investing in Roseon Finance

(image source: https://roseon.finance)

There has been series of questions pertaining to how one can invest in Roseon finance, the staking process, how to switch from MetaMask, the minimum acceptable amount for staking, when and where to check staking results, and a lot more. This article carries the right answer to all your questions.

Best way to invest in a Savings/Farming pool

Note: You must complete your Account Registration, all Security
Authentication, and a minimum Identity Verification level KYC (can be found in the previous post) Level 1 before you can start staking.

Authentication is necessary for security reasons: Google 2FA Authentication, Email Address, and Phone Number

1. Make a deposit in your account.
2. Select the Savings/Investment tab.
3. Pick a pool to stake or farm.
4. Fill in the amount.
You must wait until the end of the term to collect your incentives.

Then to check your staking rewards, on the distribution day, rewards will be transferred straight into your account at the end of the staking period.

Are you wondering about the minimum amount you can stake?

A separate minimum stake will be required for each currency. Roseon aims to keep this to a bare minimum. The minimal stake for ETH, for example, is 0.01 Ether.

What are the costs associated with using the Roseon App?

Roseon does not charge network fees on deposits, but they do charge network costs on withdrawals. A 5% management fee is levied on the entire pool deposit and this rate is stated as an annual percentage number that is prorated based on the pool’s length this has similarities to the rewards pool
APR, which is also expressed as an annual figure. The administration charge of 0.4166 percent (5 percent / 12 months) will be taken from the rewards pool on a one-month pool, for example. Roseon fee structure is described in full here:

https://roseonfinance.gitbook.io/roseon/whitepaper/token-
economics/fee-structure

Switching Wallets

The speed of the blockchain network affects the speed of deposits and withdrawals into the Roseon App. A deposit from Ethereum, for example, should take no more than 10 minutes to complete. All Roseon App actions, such as staking and farming, are completed quickly. Some acts will necessitate a waiting time, such as the cancellation of a term deposit prior to maturity.

Staking vs. Farming: What’s the Difference?

Roseon provides a fixed rate of return when you stake using Roseon App, but the funds are locked in for a set length of time. When it comes to farming, you get to pick which farming pool you want to join. Profits cannot be guaranteed.

This sum might be greater or lesser than the staking payout. You may be able to withdraw your cash with a 24-hour wait or just at specific periods, depending on the pool.

Unstaking in the MANTRA DAO pool

Once you Unstake, the procedure takes 8 days. If you don’t want to wait the whole 8 days, you can Unstake now for a charge of 2%. After MANTRA DAO, Roseon will have another pool to assist Mantra Dao stakers.

What is Variable Annual Percentage Yield (APY)?

Roseon finance does not provide a guaranteed harvest in farming. The farming return fluctuates dependent on the token’s market price and the liquidity pool rewards on the DEX.

About Roseon Finance

Roseon Finance ($ROSN) is a mobile yield aggregator that manages your crypto + NFT portfolio and optimizes yield across DeFi and CeFi networks. Acting as the gateway to DeFi, Roseon Mobile is a crypto finance app that is available on both Android and iOS and was built to help onboard new users to DeFi with its customer-centric design. Roseon has its own utility token $ROSN, with a total supply of 100 million, which is used for staking, transaction fees, and participating in tiered products and services on its mobile app.

Learn more about us: Website | Twitter | Whitepaper | Telegram | Facebook

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Content writer. I write for fun

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