❓FAQ
What is Black Panther Finance?
Black Panther Finance is a decentralized asset management protocol designed to help users achieve superior returns on their digital assets through intelligent vaults. These vaults allow users to profit from trading opportunities with just a click of a button. How does Black Panther differentiate itself from other yield protocols?
Unlike typical yield protocols that focus solely on auto-compounding, Black Panther offers active trading strategies, such as grid trading, providing a new source of alpha for its users. Is prior trading and DeFi experience required to use Black Panther?
No, our platform caters to both experienced users and newcomers. The platform is fully automated, allowing users to profit from yield opportunities without any coding. How secure is my investment with Black Panther?
Black Panther offers a self-custody solution, meaning users have full control over their funds. They can deposit or withdraw from our vaults at any time. How do I interact with the Black Panther platform?
Simply connect your MetaMask, Keplr or Leap wallet and deposit funds into the vault. The platform’s user-friendly interface displays real-time data, bot actions, performance statistics, and more. How does Black Panther deploy effective trading strategies?
Our trading bots use data-driven models to manage your funds effectively, applying grid trading strategies to profit from market volatility. What are Black Panther’s protocol fees for providing this service?
We charge a 2% management fee per annum and a 1% withdrawal fee on the full amount of assets withdrawn. Fees will be distributed to our protocol token holders that stake their tokens. Will my funds be locked up after depositing into the vaults? How do I withdraw my funds?
There is no lock up period for your funds, you may withdraw or deposit anytime. To withdraw, head over the Withdraw section and enter the amount of LP tokens you wish to withdraw. What are the safety checks built within Black Panther’s smart contract?
Smart contract owner or bots will not be able to withdraw the deposited funds from the vault. Only depositors will be able to withdraw the funds. Only authorized bots are allowed to interact with Black Panther’s smart contract to submit trades. Are profits guaranteed by using Black Panther’s service?
No. Crypto trading carries substantial risk and the possibility of both significant profits and losses. All trading strategies are used at user discretion and user own risk. Black Panther will not be liable to you for any loss that might arise from use of our services. Black Panther earns its income from the collected management fee. It is in our interest to provide a profitable service so that you may continuing using our services. How Can I Participate in the Points Airdrop?
To qualify for the points airdrop, you have two options: a. Stake INJ and delegate to the Black Panther Validator. The reward in points is proportional to the amount of your stake. Remember, the snapshot date for eligibility is undisclosed, so stake early. b. Deposit funds into a Vault and then stake your resulting LP tokens. Points will accumulate over time and can be claimed by navigating to your staked Vault and selecting ’Stake > Claim Rewards’. Where Can I View My POINT Balance?
You can view your POINT balance on our airdrop page. Your POINT balance is visible on the Injective Hub after connecting your wallet. Alternatively, you can use the Injective Block Explorer, searching with your wallet address. Note that POINT balances from staking/delegating to the Black Panther validator will not be visible until after the snapshot.
Why Can’t I See Points to Claim After Depositing into a Vault?
Ensure that after depositing into the vault, you have also staked your LP tokens, which are necessary to start earning points. Why Is My Vault Deposit Worth Less Now?
For example, in the INJ/USDT Grid Trading Vault, when you deposit INJ, half is converted to USDT (minus any fees/slippage), then both are deposited into the vault. The LP token you receive is a claim against this deposit. If you withdraw, you’re charged a 1% fee to discourage frequent unstaking, and you receive your share in INJ and USDT. If INJ’s value has dropped, and not much time has passed to accumulate rewards, it’s expected that the return might be less than the initial deposit. What is the Minimum Requirement for Staking?
There is no minimum amount required for staking. However, the more you stake, the bigger your airdrop. Does the Trading Strategies Involve Futures, Perpetuals, or Leverage?
Yes, we have multiple strategies for both perp and spot markets. Some of these strategies use low leverage to increase price exposure to the underlying tokens. Am I Eligible for the Airdrop if I Redelegate to Black Panther’s Validator?
Yes, if you redelegate, you are immediately considered for the airdrop in the upcoming snapshot. How is Trading Profit Calculated?
Trading profit is reflected in the APY shown on the vault page. It is an annualized figure based on the profits from the average buy and sell prices. What is the Purpose of the POINT tokens?
Points can be exchanged for $BLACK tokens upon their launch and will entitle you to a share of our protocol’s revenue. Is There a Holding Period for Unstaking from Vaults?
There is no lock-up period. You are free to withdraw at any time. Why Can’t I Deposit with My Ledger Wallet?
To deposit using a Ledger wallet, connect it to MetaMask. Ledger is incompatible with Keplr on Injective. How Do I View My LP Tokens?
LP tokens can be viewed on our dashboard. How can I join the Black Panther community?
Join our community and reach out to us on Twitter, Telegram, or Discord.
How can I learn more about Black Panther?
You may learn more about Black Panther from our blog.
How can I contact the Black Panther team?
Please drop us an email at hello@blackpanther.fi
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