❄️ Cooldowns for Pods are LIVE! 🧊
Unwrap Pod tokens to underlying podded assets for 0% unwrap fee!
How? Instead of paying, just wait a few days.
When unwrapping from Pods, you can now choose:
1️⃣ New 'Unwrap with Cooldown' option:
• Unwrap and pay 0% unwrap fee
• Unwrapped Pod tokens are sent to a Cooldown contract
• Tokens stay in the Cooldown contract for a period set by the Pod creator (typically 1-30 days)
• After the Cooldown period, underlying tokens are sent to your wallet
Note: Tokens in the Cooldown period don't earn yield.
2️⃣ Classic unwrap:
• Unwrap and pay the Pod's custom unwrap fee
• Receive underlying tokens immediately in your wallet
Fun fact: Cooldowns benefit investors by allowing them to bypass the unwrap fee, while arbitrage bots, funding most of Peapods' volatility yield, continue to pay the fee due to their need for speed.
This makes Peapods Volatility Farming more efficient for investors, while the protocol's overall yield from (un-)wraps remains virtually unaffected.
Tax the bots, not Pod investors! ✊🫛
With Cooldowns ❄️
Start earning volatility yield now at https://t.co/6G8jJJkOKD