Altura Launches Mainnet Vault Offering 20% Base APY With Institutional-Grade Strategies
Altura has officially launched its Mainnet, with a flagship Vault and made it operational at 3PM UTC. The launch is also a landmark to the protocol because it presents a base 20% APY that will be sustainable under varying market conditions. A long-term performance and transparent implementation make the strategy of Altura contrast with the short-term incentives-oriented yield models.
Addressing DeFi’s Sustainability Challenge
The majority of the yield provided throughout DeFi currently is dependent on the emissions or temporary incentives that dissipate once market conditions change. With token rewards exhausted or strategies crashing, advertised APYs tend to fall apart, placing users in the dark. Altura provides its Vault as a solution to this ongoing problem whereby yield generation has been designed to do well irrespective of whether the markets are bullish, bearish, or sideways.
The Vault itself is built based on a range of institutional-quality strategies which execute on-chain in a transparent manner. The purpose of this structure is to eliminate the use of non-sustainable incentives and offer steady returns with verifiable activity.
Transition From Pre-Deposit to Live Vault
Altura provided a pre-deposit period before the start of the mainnet to quell initial capital and enable the ecosystem. Those that invested initially were given preAVLT tokens, an initial vault share, and Nest Points as a result of Nest Boxs.
PreAVLT tokens have been implemented with the Vault functioning, and it transforms one-to-one into AVLT, the official vault share token. Nest Points are automatically converted to Altura Points which are a component of the overall rewards system of protocol. AVLT is proportional ownership of the Vault, and it starts to accrue yield upon claim and continues to do so automatically, without its holder needing to take any manual action.
How Altura Generates Sustainable Yield
The yield model of Altura is based on a diversified portfolio of on-chain strategies that are expected to work in various market conditions. These are market-neutral trading and funding approaches that accumulate pricing inefficiency, as well as staking and restaking yields obtained by underpinning established networks and charges obtained through on-chain liquidity supply.
The Vault does not rely on any single strategy since it incorporates several independent sources of returns. In case of underperformance of one source, the others would carry on with yield. Notably, the interest rate earned on the Vault goes straight to depositors, and there is no inflation-related emission of artificial returns.
Return is automatically compounded by increasing the price per share of the Vault and compounding user positions. All balances, asset flows, strategy execution, and updates in PPS are verifiable, on-chain.
The Altura Points System Explained
Along with the base yield, Altura is launching the Altura Points system, which is a layer of rewards that is expected to make it worthwhile to contribute over the long term instead of a speculative investment. The number of points earned depends on the size of the capital deposited and time in the Vault, which is more convenient and persuasive.
Weekly distribution of points is done during the pre-TGE phase. There are also other sources of earnings such as the referral system or the Cookie Leaderboard which compensates users due to their contribution to the visibility and activity of Altura on X.
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