Bringing steady growth to your portfolio.
The following section of the documentation covers the Spherean ecosystem exclusively pertaining to its utility to $SPHERE as a token. To dive deeper into Dyson, click here.
Dyson is a decentralized & multichain yield-maximiser. It maximizes yield through carefully crafted strategies which are managed on-chain, making perpetual yield farming accessible to the average user.
The connection between Dyson & Sphere is in two things:
- Sphere Earnings Pool
Sphere Earnings Pool is a Dyson vault in which holders of Dyson's governance token, $SPHERE, must lock their tokens in order to unlock its governance capabilities. In exchange, depositors are given governance rights, as well as a share of fees in Dyson & Sphere Finance products.
The pool's yield is currently exclusively in $MATIC. Due to its real yield, the yield is variable.
The Sphere Earnings Pool is a vault which locks your $SPHERE tokens for 17 weeks. They are then given $ylSPHERE (yield-locked SPHERE), a Sphere Earnings Pool proof-of-deposit. From then on, depositors earn a variable APR of a basket of assets. The yield is fueled by Dyson's performance fees.
A simplified flowchart of the Sphere Earnings Pool
The rewards are epoch based. Every week the rewards are distributed to stakers.
While you own $ylSPHERE, you earn yield from Dyson's performance fees & are able to participate in any governance decision on Dyson.
Liquid Market is a subsection of Dyson that offers liquid wrapper solutions to veTokens.
In exchange for governance rights, depositors can earn ve- incentives while holding a liquid position. This has the effect of accumulating governance for $SPHERE holders in prospective projects.
Owning governance in veTokens opens up Sphere's ecosystem to opening synergy between its ecosystem & other projects, earning bribes & incentives to $SPHERE holders.