I am writing this article a few days after the BTC ETF was approved. It must be said that this event is a historic milestone in the crypto market. This is both an advantage and a difficulty for all of us. Improving our knowledge to compete with experienced investors on Wall Street is extremely necessary. So today, you and I will improve our knowledge together by learning about what the Circuit Protocol project is and its characteristics.
Circuit Protocol Overview
What is Circuit Protocol?
Circuit Protocol is a profit optimization protocol, it provides different investment strategies for users on Mantle Blockchain.
The project provides users with Vaults, which can be single Vaults such as WBTC, WETH, USDC, USDT, MNT or more complex Vaults such as containing LPs from AMM exchanges.
For each different Vault, Circuit will provide unique investment strategies. Users will only need to deposit money into Vault, then Vault will automatically implement investment strategies, harvest profits, and reinvest to maximize profits for users. The project will charge a fee of 4.2% of the profit earned from the investment process.
When users deposit money into Vault, they will receive cToken, representing their assets in the Vault. When you want to withdraw money, users just need to return cToken and receive their assets back. The project will charge a fee of 0.01%, however this fee will be put into the Vault for other users, the project does not collect this fee.
Development Roadmap
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Core Team
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Investors
The project has received funding from Mantle, however the amount has not yet been announced.
Tokenomics
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Exchanges
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Project Information Channel
- Website: https://t.co/58SJrBAIj8
- Twitter: https://twitter.com/circuitprotocol
- Discord: https://t.co/CoT9CkyreS
- Telegram:
Summary
Circuit is a project quite suitable for people who do not have much time to participate in the market and are less knowledgeable about profit farming operations in the DeFi market. They just need to deposit money into the Vault on Circuit Protocol, all the rest is done by the project. This may not be a new model in the DeFi world, but it is a necessary piece to complete a Blockchain ecosystem. If you are interested in the project, please follow me to update the latest news.
