? Cephei Community Update

We're not stopping with innovations to the Cephei ecosystem. The next step is to improve our Community chat.

Our goal is to build a united community where everyone can share experiences and learn something new from the world of cryptocurrencies.

The next update will not only bring our community together, but also will give something big for the project participants.

The announcement is coming soon, stay tuned!

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? Introducing Staking mechanics to the Mini-App!

• Tickets ? - Ticket gives you the opportunity to stake your Cephei Points for a 5 days and get 20% to your point count! 1 Ticket equals 5000 Cephei Points in staking.

• Way to get Tickets ? - Invite your frens and get 1 tickets for each one!

Cephei further continues to follow the trend of educating DeFi average users by adding staking mechanics, we are educating and preparing users to allocate their capital efficiently.

The issue with the daily claiming of Cephei Points has also been fixed, the Cephei team sincerely apologizes for this oversight. As compensation, each Mini-App user, will be awarded 5 Tickets ?.

In honour of this event, we have prepared partnerships with interesting projects, so don't forget to check out the Tasks section!

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? Mini-App's big update is coming soon! Stay tuned!

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*? *Collateral yield Strategies

Cephei offers a unique opportunity for users not only to get a secured loan, but also to extract additional profit from the collateralized assets.

Let's take a look at how this mechanics works and what return strategies are available to our users:

• Obtaining a Loan against Collateral: A user can borrow by providing collateral in the form of LST tokens (e.g., stTON, tsTON).

• Using Collateral: Instead of simply leaving the collateral idle, the user can put it into a staking pool within our ecosystem by delegating them through other staking pools such as Dedust.io, Ston.fi.

• Generating Yield: As a result, the user not only maintains their loan position, but also earns additional yield on staking pledged assets and 5-10% APY for yielding stTON, tsTON, which covers part of the loan servicing fees.

We are preparing a major upgrade to our Mini-App with the introduction of new mechanics. Many of the pre-existing issues have already been fixed. Keep an eye on our announcements so you don't miss important news!

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*? *What are APY and APR?

APY (Annual Percentage Yield) and APR (Annual Percentage Rate) are key metrics that are often used in the financial sector to describe the yield or cost of borrowing.

APR — APR reflects the annual interest rate on a loan or investment, excluding compound interest. This means that APR shows how much you will pay in interest over the course of a year if you take out a loan, or how much you earn if you invest the funds.

APY — APY, unlike APR, takes into account the effect of compound interest. This means that APY shows how much you will actually earn or pay in a year, with interest accruing on previously accrued interest. The more frequently interest accrues, the higher the APY will be compared to the APR.

An example of using APY and APR:

Collateralized loan in the DeFi protocol.

Suppose you decide to take a loan from DeFi protocol against the collateral of your crypto-assets. Let's assume that the interest rate on the loan is 10% per annum (APR). If you borrowed $1,000 for a year, you will need to pay back $1,100 ($1,000 principal + $100 interest) after one year.

However, if the interest is compounded monthly and capitalized, the APR of 10% will convert to an APY that will be slightly higher (around 10.47%), due to the effect of compound interest. Thus, at the end of the year, you'll need to pay back about $1104.70.

Understanding APY and APR helps users make more informed decisions when choosing loan or investment products at DeFi.
This knowledge allows you to:

• Accurately estimate the true cost of loans.

• Compare the returns of different investment opportunities.

#cepheiacademy

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? Staking

Let's consider an important aspect of DeFi such as staking.

Staking is like a deposit in a bank, but with cryptocurrency assets. You hold your coins and get rewarded for it, typically staking rewards are generated from several sources, let's look at a few of them:

• A portion of the protocol's revenue — Some protocols distribute a portion of their revenue to stakers. This can be income from transaction fees, interest on loans, and other economic transactions conducted in the protocol.

• Proof of Stake (PoS) block creation rewards — In blockchains using Proof of Stake, validators receive rewards for validating transactions and creating new blocks. The size of the reward depends on the proportion of coins they have frozen.

The advantages of staking are in the high returns compared to TradFi. In a bank you can get 4-8% per year for your deposit, while in staking the earnings can be 20-30% or more. One of the advantages of staking is that you can withdraw your assets at any time and still not lose your accumulated interest and assets.

Cryptocurrencies are often not subject to inflation. Bitcoin, for example, is limited in quantity, which makes it more resistant to depreciation. In the bank, your money can lose purchasing power due to inflation.

Cephei is gaining more and more momentum thanks to you. Big announcements as well as innovations to our Mini-App are coming soon. Stay tuned!

#cepheiacademy

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In previous posts we covered the basics of the DeFi industry and how DEX works. Now we will tell you what specific benefits DeFi protocols bring with them and what the benefit is for regular users in using them.

To illustrate, let's look at an example of using a credit protocol for a user:

If you urgently need funds to pay for something and you have a TON that you don't want to sell, you can simply borrow from Cephei against the collateral of your TON for the required amount with a small interest and pay for whatever you need. You can then repay the loan at your convenience. This is most beneficial as loans in Cephei pay you back!

#cepheiacademy

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? We reached the 100,000 active-users in our Mini-App

Thank you for staying with us on this journey, we appreciate your activity.

We are not stopping and we are announcing a second contest for our users!

Cephei Points Flex Contest, share your points and participate in raffle!

Prize Pool: 50,000 Cephei Points.
Number of winners: 10, 5.000 Cephei Points for each.

Contest terms and conditions:
1. Make a screenshot of your Cephei Points
2. Post it on your X page
3. Tag @cephei_fi and #CepheiPoints
4. Tag 2 friends in your post

Deadline until 01.07.2024

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? What is DEX?

In previous posts about DeFi and TradFi, we already mentioned that the main difference between them is that DeFi is decentralized finance, while TradFi is centralized (managed by an intermediary).

Almost everyone is familiar with the principles of a regular cryptocurrency exchange: just register with an email, create a password, confirm your account and you can start trading cryptocurrency.

However, to work with DEX (decentralized exchange) you only need a cryptocurrency wallet, and you can buy and sell cryptocurrency anonymously and safely! DEX operate entirely on smart contracts, for this reason you don't have to fear hacks, blocking balances and other unexpected scenarios.

It is also important to mention the AMM mechanics inside DEX.

An AMM is an automated market maker, a type of decentralized asset exchange that uses algorithms and liquidity pools to facilitate the trading of digital assets. Conventional exchanges often use Order Book, but AMM was invented in the crypto space as a more modern and convenient market mechanism for asset exchange.

Let's talk about the pros of DEX:
- No KYC verification required.
All major centralized exchanges require identification of your personal details, which often goes against the very concept of cryptocurrencies and blockchain. This is done most often to combat money laundering.

- Your funds are under your control.
DEXs never keep your funds in their possession. Simply put, you link your web3 wallet (Ton Keep,Metamask) to DEX and perform all on-chain transactions from your personal wallet, and DEX in this case acts as an aggregator between you and other users.

The main disadvantages of DEX:
- Sometimes there are high commissions on the network due to congestion.

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#cepheiacademy