Choose your Totem.
Risk your Yield.
Farm Big, or not at all**.**
Why limit your farming yield to only what you farm.
You're sitting there, farming away with countless other users, and you don't even get to touch their rewards at all. Not even a little bit.
Seems like a waste to us.
We let you win your neighbor's yield.
We let you win your block's yield.
Hell, we let you win your entire town's yield!
Oh right, they can also win your yield as well.
Instead of risking the principle, you only risk the interest. Your staked funds are always 100% safe, all you have to lose is a bit of your time.
In DeFi terms, only your yield is at risk, never your staked amount.
Tailor your strategy between different elevations to match your risk tolerance. From guaranteed earnings to betting on the ponies, we've got you covered.
Usually yield farming means your funds can't earn consistent and guaranteed rewards in other farms and vaults.
Why should that have to change? Staking with Summit DeFi passes your funds through to trusted and validated names in the DeFi world, and uses the earned rewards to build massive expedition pots which you get a chance to win as well.
Expeditions eliminate opportunity cost, and return the passthrough rewards right back to you, like you never even left the vaults. Even earn the passthrough rewards of less steady handed SUMMIT holders who have sold their ticket to ride.
Yield Multipier is a new concept, but we have spent the time to envision and build a fully featured ecosystem around it.
It's not required to micromanage your funds every round (you can if you'd like). Your funds are automatically entered into the next round when a round ends. You can continue to win while you sleep, and your winnings will wait for you to come back.
Refer your friends (no limit on amount) and receive a 1% referral bonus of the SUMMIT those friends earn. Simply share your wallet address with them and you're on your way.
Don't forget to add the address of the user that referred you, and receive an EXTRA 1% bonus of your own SUMMIT earned.
Earn SUMMIT in any farm, and Cross-Compound them to the SUMMIT pool at the same elevation. It'll only saves you a few clicks, but it's meaningful enough for us to implement it.
Elevate to switch funds between elevations without paying any fees. Elevations unlock gradually during the first week, but we don't want you to be penalized for staking early by paying multiple fees.
One and done.
Winnings vest over the duration of the next round. When rounds end, hours worth of SUMMIT rewards can become available simultaneously. Instead of encouraging a race to withdraw and swap, winnings vest and gradually become available to withdraw.
A token / LP's earnings allocation is shared across all elevations it exists at. Funds at higher elevations will always earn more than funds at lower elevation.
You shouldn't be penalized for moving to a higher elevation, in fact, you should be rewarded for taking on additional risk. Shared token allocations allow 100% of users to move to a higher elevation if they so choose, without earning less rewards for it.
Summit DeFi has been audited by Obelisk, but if you do find a bug please get in contact - we recognize no code is perfect.
Sounds like fun?
Then get yield multiplying!!