
Exciting Updates to Ebisu's Bay Vaults: More Flexibility and Enhanced Rewards

We're thrilled to announce significant improvements to our vault system that will provide greater flexibility for our users while maintaining the compelling rewards that make Ebisu's Bay special.
New Vault Conversion Features
The most exciting addition is the ability to convert your existing FRTN vaults to LP vaults. This new feature offers unprecedented flexibility in managing your positions:
- Convert all or part of your FRTN vault to a new LP vault
- Add to an existing LP vault
- Maintain the same time commitment while accessing enhanced rewards
When converting to a new LP vault, your lock period stays the same as your original FRTN vault. This means you keep your original commitment timeline while gaining access to the powerful 2.5x mitama multiplier that LP vaults provide.
Dynamic APR System
We're transitioning FRTN vaults to a dynamic APR model that better reflects market participation. Here's how it works:
The platform will distribute 100,000 FRTN tokens daily among FRTN vault participants. Your rewards will be calculated based on your deposit size and multipliers relative to the total pool of stakers. This system mirrors traditional farming mechanisms, ensuring fair distribution and rewarding committed participants.
LP Vault Advantages
Our LP vaults continue to offer exceptional benefits:
- 2.5x mitama multiplier remains unchanged
- Fixed APR continues for the next two months
- Transition to daily emissions cap after the fixed APR period
What This Means for You
These updates create new opportunities for strategic vault management. You can now optimize your position by:
- Converting underperforming FRTN vaults to LP positions
- Maintaining your preferred lock period while accessing enhanced rewards
- Participating in a more dynamic and market-responsive reward system
Strengthening Platform Sustainability Through Enhanced Liquidity Locking
This vault conversion system represents a significant step forward in Ebisu's Bay's commitment to long-term platform stability and growth. By introducing flexible conversion options between FRTN and LP vaults, we're creating stronger incentives for users to provide and maintain liquidity in our ecosystem.
The 2.5x mitama multiplier for LP positions continues to reward users who contribute to our platform's liquidity depth. This enhanced reward structure, combined with the ability to convert existing FRTN positions, makes it more attractive for users to transition into LP positions while maintaining their original time commitments.
Our approach to liquidity management demonstrates our focus on sustainable growth. By allowing users to convert their positions while preserving lock periods, we're maintaining the long-term stability that time-locked liquidity provides while offering enhanced flexibility and rewards. This balance between flexibility and commitment helps ensure that Ebisu's Bay maintains robust liquidity levels, which in turn supports:
- More stable trading conditions for all users
- Reduced price impact for larger transactions
- Enhanced platform reliability for NFT trading activities
- Stronger foundation for future platform developments
The transition to dynamic APR for FRTN vaults, coupled with the maintained LP vault benefits, creates a balanced ecosystem that rewards both single-token stakers and liquidity providers. This dual approach ensures that while we're incentivizing increased liquidity provision, we're doing so in a way that maintains options for all participants in our ecosystem.
As we continue to evolve, these enhancements to our vault system position Ebisu's Bay for sustained growth while maintaining the strong foundation of locked liquidity that has been crucial to our success thus far. We're excited to see how these changes will further strengthen our platform's stability and create even more opportunities for our community.
Stay tuned for more updates as we continue to enhance the Ebisu's Bay ecosystem. These changes mark another step forward in our mission to provide the most innovative and rewarding GameFi experience possible.
Ready to explore these new features? Visit the bank in the Ryoshi Village to see these exciting changes in action!
Note: As always, please research thoroughly and consider your investment strategy before making any changes to your vault positions.
FAQ
Q: Can I compound into an LP Vault?
A: No, you can only compound into a FRTN vault. However, you can do a partial conversion of FRTN vaults so if you keep a vault with the minimum required 400 FRTN you may compound into that then convert your compounded rewards into the LP vault of your choice.
Q: What happens if few than 400 FRTN remain in a vault after a partial conversion?
A: When less than 400 FRTN is left in a vault after an LP conversion the vault to automatically close and the remaining FRTN will be returned to the user.
Q: What happens when closing out an LP vault before its expiry time?
A: Half of the LP tokens in the vault will be burnt forever locking the liquidity. The remaining half will be returned to the user who has closed out their position early.
Q: Will the LP Vault take the start and end date of the FRTN vault?
A: Yes, when converting a FRTN vault to a new LP vault the new vault will have the same start and end date as the FRTN vault. When converting into an existing LP vault, the existing vault will keep its own start and end date.