Mainnet Guide - Brahma.fi (Ethereum)
Mainnet Guide - Brahma.fi (Ethereum)
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TLDR: ETH Mainnet, Minimum Deposit: 0.1 $ETH , Potential Airdrop
Introduction
Brahma.fi (Twitter : https://twitter.com/BrahmaFi) is a protocol for running non-custodial on-chain strategies to generate yield. Contributors can propose and build vaults on Brahma, while users get access to yield opportunities. They raised $4.2069M in seed funding back in February.
Rules
Brahma don’t have a token yet. They haven’t announced any airdrop plans.
They recently launched their ETH Maxi DegenVault with a cap of 333.33 ETH. The vault farms with the ETH and the yield will be be used to purchase call/put options based on a momentum signal. Read here for details of the strategy.
Brahma have a special point system called KARMA. For this vault, a KARMA prize pot of 10,000 points will be proportionally distributed to a set of the first depositors. Read the details of KARMA here.
Guide
Getting Started:
Brahma.fi is on ETH mainnet. Prepare some $ETH.
Step 1:
Head to https://karma.brahma.fi/ and connect your wallet to check your Karma score.
If your Karma score is larger than 420, then you can you can deposit into the vaults.
Step 2:
Now deposit your $ETH at https://degen.brahma.fi/vault/ethmaxi.
Step 3:
This is a options vault so you can only withdraw once a week. That’s it. If you have any questions, ask at the Brahma Discord.