It is the season of trading bots and we have seen a lot of new roi yield protocols popping up left and right (Yield Robot, Alpha Capital, Healthy Fund and more). I will do my best to try and cover the ones that I believe have the best chance of success. Today I am covering the newest trading bot roi protocol on the block called RelyFund providing 2% daily interest on your investment.
RelyFund is a trading bot Defi protocol that allows investors to invest USDC on 3 different blockchains (Eth, BSC and Avax) for a yield of 2% per day on their given investment. A percentage of the funds invested is traded on spot and futures trades to provide the profit injections needed to sustain the 2% per day yield on investors’ funds with said trades being made public via telegram and discord.
The RelyFund team claim to have been working on this trading technology for the past 18 months and believe they have created something truly special. Their goal now is to share this trading technology publicly and to continue with marketing campaigns to steadily grow the protocol.
The road map includes packaging the trading technology (named RelyBot) into an NFT to allow for personal and individual use to break down the walls of financial technology showing everyone that true wealth IS possible.
dApp Base Rules
- Contract Start Condition: Contract balance reaches $200k within 15 days, otherwise all deposits within this period will be refunded.
- Contract Closing Condition: Total investment reaches $20million
- Minimum deposit: 100 USDC (All chains)
- Dev Fee: 1% of all deposits and withdrawals.
- Daily Rewards: 2% (plus bonus if applicable)
- Referral Rate: 1–30 days: 5% ; after 30 days: 2%.
- Withdrawal: Every 7 days, as long as the bonus exceeds $50, you can withdraw funds.
- Refund process: The refund is allowed for the first time after 15 days of the first investment, and the application for refund will take 2–5 days for the refund process to complete.
The Team
The team is not yet doxxed or KYC’d but there are plans to do this in the coming days. The team has been carefully selected and vetted. There are three Co-Founders:
- Brandon, a bachelors in Marketing
- Allen, a multi-business owner and scholar.
- Samuel, a senior web3 community manager, who has been operating the trading community with Brandon since 2021.
Additionally the team have brought on a trading strategist that has over a decade of strategic trading experience, studying the markets of stocks and forex.
The team have selected the best traders they could find and the core developers have helped in creating something truly special. With impressive backgrounds in Computer Science and Programming.
RelyBot
The team states that there is no other tech like this in the Defi space. They have fully developed 3 different versions of “RelyBot” and each one innovating and improving from the last.
The technology and cutting edge program has been rigorously back tested and tweaked over a span of 2+ years earning an average of more than 2% per day consistently but in order to keep the protocol sustainable have kept the daily ROI to 2%. Personally 1–1.5% is more than enough so if they feel the need to lower this at any time then I would actually feel much more comfortable.
RelyBot NFTs
Soon the team will be providing RelyBot NFTs available to individuals to allow people to be in control of their own settings. Without more information I can only assume that people who are in possession of a RelyBot NFT will have more control over the trading aspect of their investment. This will be interesting to learn more about in the near future.
Anyone who deposits between now and 1.5 million TVL will be whitelisted for an NFT, but there won’t be enough NFTs to go around for everyone so just keep that in mind.
Trading Results and Transparency
A % of funds that are staked into RelyFund are allocated directly into RelyBot for automated trading and arbitration. With all earnings being directed back into the treasury where users will be able to claim.
As we know a big part of these kinds of protocols, if not the most important part, is the transparency of the team in providing PoT (proof of trades) to their investors. The team is very active in providing screen shots from their spot and futures trading positions recently on BitGet and are also soon to provide video evidence of their trading like other similar protocols have done in order to 100% prove the trading and results exist.
Other Updates
RelyFund has officially surpassed $1M in total deposits. Which is an amazing milestone and are currently working towards launching the RelyBot NFT. As previously mentioned those who invest before the TVL reaches $1.5 million will be whitelisted for the NFT’s and that is currently still open for new investors. Keep in mind it will be first come first served for the available number of NFT’s. Stay tuned for more updates like collection amount, prices, mint date, specifications, etc
Currently IOS and Android apps are being developed as well as Windows/Mac dashboards that will be fully compatible with the RelyBot technology and NFT’s so stay tunded for future updates regarding that.
Overall RelyFund seems to come across as a protocol that is determined to provide a viable and secure solution for us investors in what has truly been a wild west season for Crypto and Defi.
Good Luck!!
Join RelyFund
http://bit.ly/3vl9GKx
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