Yield Pass FAQs
If it’s your first time depositing, we highly recommending reading: #nodefi-faqs in the Discord channel
Q: Currently, the Aethir Checker node cannot be traded (for 1 year from the initial payment date). Therefore, does this mean that DP cannot be traded either?
A: Aethir nodes are not transferrable, but we worked very closely with the ATH foundation to launch this product so we are the first and only way you can transfer your node (for now).
Do not trade DP because the Node is tied to the DP; once transfers are allowed, DP can be traded just like nodes`
Q: To receive 100% of the Checker node rewards, a period of 180 days is required. However, when selling with YP, the full amount can be obtained immediately. Is this quantity from MetaStreet legitimate? Is it supported by the foundation?
A: When you sell the $YP, you are selling into a uniswap LP, so the market may change, so you may receive more or less than your ATH emissions; the LP is funded by ALL DEPOSITORS who borrow from the lending pool that the foundation has supplied
Q: Why are the rankings of Nodefi and Season 2 separated?
A: It's such a different type of activity, so we wanted to separate it. You cant buy Aethir nodes right now, so it's only for current holders; Nodefi is also a big focus for us.
Q: Where can the ATH generated by delegating to Deposit & Earn be claimed?
A: This will be available to claim at the end of the expiration of the pool (~70 days) right on the main UI (You wont miss it)
Q: I deposited in Yield Pass; why can’t I see ATH on my Aethir dashboard anymore?
A: Your ATH wont be visible on the Aethir dashboard since the yield is accuring to the Yield Pass (YP) and you'd claim it that way. Once its returned to you at the maturity you'll see the dashboard yield again.
Q: If the ATH rewards are also received at 100%, wouldn’t there be no reason not to use MetaStreet? Is there any penalty or fee that I am unaware of?
A: No penalties -- MetaStreet simply offers a way to monetize, trade, etc future ATH emissions. Yes, if every single person simply deposited and kept their YP and claimed, there would be no point, but by splitting out the yield (YP) and principal (DP) tokens, we enable the trading of future token emissions so that people can sell future emissions early. Yield Pass also allows people to earn ATH emissions without owning nodes, speculate on emissions, etc.
Q: I deposited. Where to see the crystals I’m earning ?
A: For crystals, you should see it on: https://ascend.metastreet.xyz/dashboard
Q: If I join Metastreet Yield pass, will i still be earning my actual daily node rewards or not ? What happens to the staked ATH?
A: Your rewards will be accumulating in the pool and you will be able to claim it with your YP token, so don’t sell your YP!
Q: What happens to the quarterly bonuses? Will I still receive those?
A: Yield Pass will cover the quarterly bonuses that Aethir gives out, just have to claim it at the end.
Q: What happens if you buy more YP, what will you get?
A: YP token allows you to claim ATH, so if you buy more YP, you claim more ATH
Q: How much can I borrow by depositing one Aethir checker node?
A: 3,000 ATH
Q: Help, my wallet is compromised and I have XXXX nodes in the wallet - what to do?
A: Recommend reaching out to Aethir to provide advice on this
Q: Can I transfer YP/DP to my another wallet ?
A: No, you would have to transfer their LP position then redeeem it for YP then sell YP for ATH. Cant transfer DP, no benefit to do so.`
Q: Benefits of Yield Pass?
A: Instead of waiting for 120 days claim for 100% reedem, with this yield pool, you can already get future rewards and get added to LP to earn swap fee/rewards. At the end of the pool, you just have to repay the LP that received initially that will aloow to redeem your node and the rewards that earned during this duration. So users have the following options:
- wait and get same emissions + LP yield
- sell future ATH emissions and receive ATH today
- buy YP (ATH emissions) -- access nodes if you cant afford
Q: Risks of Yield Pass?
A: Missing withdrawals will result in node forfeiture due to loan default. Stay alert!
Withdrawals start on 18-March, 2025
- Cap 1 [Dec 19, 2024]: withdraw/repay by Dec 18 (1 yr)
- Cap 2 [Jan 6, 2025]: withdraw/repay by May 6 (120 days)
Additionally,
- Nodes stop earning emissions after the expiration date and do not automatically roll over into a new pool.
- To Continue Earning, you must (1) Withdraw your Nodes to hold them in your wallet for direct emissions, or (2) Roll them over into the new YP Pool
- Whenever you sell $YP, you are selling into a uniswap LP, so the market may change, so you may receive more or less than your ATH emissions.