Cover shield mining votes are updated on-chain!
Some APYs are Infinity. Get in fast.
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The APY displayed is infinite if no one is staked in the pool. To shield mine, you need to stake CLAIM/NOCLAIM tokens in Balancer to get BPT, then stake the BPT on shield mining to earn rewards. The risk is IL in the case an exploit occurs since prices will shift drastically.
Thank you, Chef. When minting, the token has an expiration date. What happens when that is reached? The user guide doesn't seem to say.
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When expiration is reached and no exploit has happened, all NOCLAIM tokens for that protocol will be redeemable for 1 collateral.
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Ah, I see it there on page 16. Thank you! This will take some time for me to get my head around it. Do you know if anyone has made an end-to-end flow diagram from mint to redeem for desirable use cases?
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