PegHub Overview
- In short, PegHub is the simplest way to earn high yields on your crypto. The PegHub Ecosystem is a collection of protocols developed by the trusted Bomb Money team including bitBOMB and CZPegs allowing exposure to some of the most well-known coins in crypto allowing you to accumulate more regardless of what the market is doing. Additionally, PegHub offers a token called PHUB that allows anyone who holds it to partake in protocol-wide revenue sharing.
- How does PegHub revenue sharing work?Most DeFi protocols have what’s called a “developer fee”, which takes a percentage of revenues from all its users and puts it directly into the developers’ pockets (his is similar to how banks charge fees to their customers for pretty much everything). At PegHub, all of our developer fee allocation goes directly into an automated smart contract which continually buys back PHUB tokens and distributes them back to everyone in the PHUB farm, meaning everyone who’s in the PHUB MAXI vault gets to share 100% of the protocol’s revenue.
- What are PegHub’s long-term goals?The long term vision of PegHub is to provide a super simple interface for people of all levels of crypto experience to stake Bluechip cryptos and gain amazing yiled.
- Who is responsible for PegHub?PegHub is run by an ever-growing team of experts including longtime crypto/DeFi experts, as well as experts from traditional finance/Fortune 500 companies. You can check out the full list of our team here.
- Why should I purchase PHUB token?The PHUB token is an investment opportunity for anyone who wants to share in the revenue of the protocol. Most DeFi protocols have what’s called a “developer fee”, which takes a percentage of revenues from all its users and goes directly into the developers’ pockets (this is similar to how banks charge fees to their customers for pretty much everything). At PegHub, the success of our investors and the community is always the number one priority. That’s why all of our dev fee allocation goes directly into an automated smart contract which continually buys back PHUB tokens offering revenue sharing for everyone holding the token. This is how DeFi is supposed to be!
- Should I wait for the price of PHUB to get lower before buying some?Trying to time the market or predict the price action of any asset is extremely challenging. With PHUB’s continuous revenue sharing, extremely limited supply, and eminent plans to go multi-chain, we really feel there is significant upside to the PHUB token.
- How do I know my funds are safe?The smart contracts for all of the vaults on PegHub have been battle-tested for years and audited hundreds of times across the various forks they have been implemented on. Investors in any of these vaults can withdraw their funds at any time – there are no lock periods for PegHub vaults.
- Is PegHub a Ponzi, pyramid scheme, MLM, or a scam?Absolutely not. One of the most important, and often lacking, aspects of DeFi is trust in the team running the protocol. Many projects in DeFi have anonymous developers hiding behind pseudonyms and avatars. PegHub is run by Aaron Shames, who has been fully doxxed since day one. With nothing to hide, Aaron’s commitment to the protocol is second to none.
Farming and the auto vaults?
- How do I join the farms?The easiest way to enter our farms is through our new dApp found here. Here is a quick video on how to deposit your funds once you are there!
- What is an auto vault?An auto vault is a farm that automatically compounds the rewards in order to exponentially increase your profits. Find out more about compound interest in one of our blog posts here!
- What coins can I farm in the PegHub vaults?We currently offer vaults for Bitcoin, BUSD, ADA, ATOM, DOT, AVAX, LINK, BNB, SOL, PHUB and have plans to keep expanding this list!
- Can I join multiple farms at the same time?Not only can you join multiple farms but you should joint multiple farms in order to have a more balanced portfolio. We offer many of the top 20 cryptos in order for you to pick and choose what coins you believe in and offer the opportunity to start earning high interest on those assets!
- How long can I farm in the PegHub vaults?Our farms have a predetermined runway for rewards, with a minimum of 1.5 years. Some tokens like PHUB can continue forever! The good news is we'll always have a range of great options to earn high yields on your crypto
- We believe it is important for our investors not to feel trapped in a protocol. We are so confident in our offering that we do not charge any fees for entering or exiting our farms.
- Are there minimum or maximum amounts I can invest?There is no minimum or maximum amounts that can be deposited in our farms!
- What are yb Assetsyb Assets represent your crypto staking position within the PegHub dApp. We offer liquidity pairs that provide the highest exposure possible to the asset you are staking while also offering very high yields! Because it is a pair, the value of the yb Asset can fluctuate with buys and sells from other market participants but the quantity you own will continuously be going up thanks to compound interest!
Investing Strategies
- What is the optimal investment strategy for PegHub?Although a balanced portfolio is important, we feel that investors can choose what crypto they want exposure to. That is why we offer many different bluechip coins for you to choose from depending on which you feel best about. That being said, all of our vaults offer near full exposure to the coin want to accumulate and offer amazing yield, you probably can't go wrong with any of them!
- What APY can investors expect?The APY of our farms can and will vary due to many factors, but the expected range can vary from 20% to low thousands.
- How long do I need to be invested? Are my funds locked?There is no lock period in any of our vaults, but we do feel that the vaults offer something extra special that has a greater effect the longer you keep the funds in the vaults: compound interest!Find out more about compound interest in one of our blog posts here!