British Virgin Islands, 5 Nov 2021, ZEXPRWIRE, The capital protection and investment growth DeFi project, AlgoVest, has announced that their USDC investment yield App known as “AlgoPool” will be launched in November 2021. The launch of AlgoPool is one of the most anticipated events for passive income seekers in the cryptocurrency industry.
AlgoPool is an investment yield App for passive income generation in USDC stablecoin and it’s powered by algorithmic trading. The AlgoVest’s artificial intelligence backing AlgoPool has realized over 150% profits in less than 12 months. Moreover, AlgoVest is calling their community and all USDC investors for action to hold AVS token before AlgoPool goes live.
Yield Pools and Annual Percentage Yield (APY)
Initially, investors can participate in three AlgoPool investment yield pools with the following APY:
- Duration of 8 weeks – 20% APY, interest claimable weekly or at the end of contract period.
- Duration of 16 weeks – 40% APY, interest claimable weekly or at the end of contract period.
- Duration of 24 weeks – 60% APY, interest claimable weekly or at the end of contract period.
Joining the AlgoPool Investment Club
Investors will be able to deposit USDC to any pool of their choice. To gain access to depositing stablecoins, users will be required to stake AVS tokens. After staking AVS, investors will gain access to deposit up to five times number of AVS staked. You will earn 8% APY on staked AVS tokens. This staking rewards is different from the interests earn from AlgoPool yield pool. Hence, what you need to benefit from AlgoPool are AVS and USDC.
Protection of Investors Funds
AlgoVest has taken steps to secure investors funds. They are conducting two different security / smart contract audits to ensure no vulnerabilities exist in the AlgoPool code before launch.
AlgoPool will have deposit-protection risk coverage from other decentralized insurance project. Moreover, prior to meeting the TVL of third-party insurance protocols, AlgoPool deposits will be protected through an internal insurance funds mechanism. This insurance fund will build up over time until it provides 100 percent cover for total deposited USDC.
Without a doubt, AlgoPool is the perfect passive income generator for crypto investors to start earning while they sleep backed by a proven algorithmic trading system. You will find out more details on AlgoPool within the AlgoVest community and social channels ahead of the investment yield pool launch.
AlgoVest is a capital protection and crypto investments growth project powered by a modular algorithm. AVS, the native token of AlgoVest, is a multi-DeFi-utility and deflationary cryptocurrency that derives its value from an underlying treasury powered by a disruptive AI trading program that protects and grows investment while using the AVS token buyback as a Protect, Reward and Burn mechanism to increase value for token holders.
Official website: https://algovest.fi
Official Telegram: https://t.me/algoaest
Official Twitter: https://twitter.com/algovestavs