Common Questions

Is DeBa audited?

We have done a full test of all contracts ourselves and this can be proven through blockchain transactions. We will also do a third-party audit and we are already in the process of it.

How is APY / APR calculated for the pools?

The APY is calculated based on the below mathematical formula.

How many DEBA Tokens are there?

DEBA tokens are capped at a total of 21 Million, minted over a 5-year period. The distribution graph can be found further down below in this wiki.

Why does my dAsset(dUSDT, dUSDC, etc) conversion rate go down?

Your dAsset has a conversion rate to the underlying asset you deposited. Whenever DEBA generates yields, this conversion rate increases. There are also events which can affect the conversion rate negatively. To give an example from one of the Vaults we have, when using Curve there is both a slippage for singular asset withdrawals as well as a withdrawal feee. Currently, whenever a user takes out his assets, these fees get split among the dAsset pools, however, we plan to directly charge these fees to the user triggering the slippage / fee and thus the value of dAssets will no longer be affected by these scenarios.

We'll furthermore give two examples. One for positive price impact and one for negative price impact.

Positive Impact: You deposit 10,000 DAI in DeBa and receive 10,000 dDAI. (dDAI conversion rate to DAI is 1). Let's say that DeBa managed to generate 20% return on your USDC in 28 days. Now the dDAI conversation rate is 1.2 to 1 DAI. If you withdraw you will receive 12,000 DAI. (10,000 x 1.2)

Negative Impact: Let's take the case above. You have 10,000 dDAI, 28 days have passed and now your dDAI has a 1.2 to 1 DAI rate. Unfortunately, on the 29th day large withdrawals take place on the platform. Slippage and fees occur and are distributed throughout the dPools and this then affects your dDAI conversation rate negatively. Let's say now it has fallen to 1.18. If you decide to withdraw you will receive 11,800 DAI (10,000x1.18)

Where can I trade DEBA tokens?

On Uniswap: https://info.uniswap.org/pair/0x9245c872cb8404e3f89bb5c39410a82303faa566

How do I turn tokens into DeBA dTokens that earn yield revenue?

You can either choose to do this directly through or homepage or by going on Uniswap do accomplish the same thing.

How do I turn dTokens into regular tokens / Withdrawing tokens ?

For dDAI, dUSDC, and dUSDT, you must first withdraw from the staking rewards contracts. After that, you can unwrap them back into the underlying DAI, USDC, and USDT.

  1. To withdraw from the staking rewards contracts: https://deba.finance/earn

  2. Click on Unstake & Claim and then click on the UNSTAKE & CLAIM button below to initiate the transaction.

  3. Wait for your transaction to confirm, and then you will receive the debaToken and DEBA rewards.

  4. To unwrap the debaTokens back into the underlying tokens: https://deba.finance/

  5. Put in your balance of the debaTokens that you want to exchange. If using the Etherscan contracts, please note that the balance number returned for dUSDC, and dUSDT has six decimal places and dDAI has 18. It should be approximately equal to the amount of DAI, USDC, or USDT that you deposited.

  6. Hit the withdraw button and send the transaction.

  7. Wait for your transaction to confirm, and then you will receive your stablecoin. Your stablecoin will earn interest if the yield farming strategy has been successful, so you may receive more than you put in.

Do DEBA tokens get yield farming revenue just by holding them?

No, DEBA tokens need to be staked but we have an autostake feature.

How much yield revenue is shared with DEBA stakers?

We share 25% of yield revenue with DEBA stakers. For the first week after launch, payout might not be so large since the yield revenue depends on the profitability of the currently available yield opportunities combined with the total assets in the DeBa Vaults. As the total assets staked in vaults increase so will the yield revenue.

What happens to the other 75% of yield revenue?

It gets paid out to users that deposit their assets on DeBa vaults.

How does APY work?

APY stands for annual percentage yield. Unlike APR, APY takes into account compounding, which is a key term when discussing yield farming. APY means that you are reinvesting your earnings into the original amount you have deposited, which eventually accelerates your growth, unlike APR, which is the flat interest generated on the base amount deposited. Most traditional banks use APY on your standard savings accounts, but with such tiny interest rates of ~1%, the compounded amount becomes negligible.

What is impermanent loss?

Sometimes, users who provide liquidity to AMM (Automated Market Makers) can notice that their staked tokens lose value compared to simply holding the tokens on their own. This is also known as “impermanent loss”. This phenomenon takes place when the token price in the AMM increases/decreases. It is called impermanent because this loss is gone once the price in the AMM gets to the initial price from when it was placed in the AMM.

How easy is it to use DeBa?

  1. Connect your wallet to deba.finance

  2. Deposit USDT, receive debaUSDT token, earn interest.

  3. Stake debaUSDT token, earn DEBA

How do Vaults work?

Below you can see two graphs. The first explains in simple terms how renBTC and wBTC Vaults work on DeBa, whereas the second explains how the dividend Vault works. We will continue to add simple graphics for all of our Vaults but this is just the Beta version.

renBTC & wBTC Vaults

Dividend Vault