SOAR.FI is an ERC-20 with a frictionless yield generator mechanism that applies a 1% fee on every transfer and instantly distributes the fee among holders.
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- How to Collect Yield with SOAR?
You can simple hold SOAR token in any ERC20 compatible wallet (we suggest using Ledger/ Metamask) in order to be eligible to collect your proportion of the SOAR transactional Tax.
For a more detailed guide check out our “How to Collect Yield with SOAR.fi” for a full walkthrough.
- How much can I earn holding SOAR?
You can currently earn between 20-30% APY when holding SOAR.
This return is based on SOAR transaction volume due to the 1% Tax taken from all SOAR transactions and redistributed to all SOAR token holders.
Check out the “SOAR Rewards Calculator” and estimate your returns for holding SOAR.
- Is there any risks to holding SOAR?
There is no smart contract risks as you are not directly staking SOAR.
The biggest risk we currently see has to do with high gas fees when transacting on the Ethereum blockchain.
Please also be aware that you will get charged a 1% Tax in SOAR for all SOAR transactions.