❓FAQ
Product & Vault Mechanics
How is the Pro vs. Non-Pro experience structured?
The difference between Pro and Non-Pro modes is purely visual. Both user types have access to the same yield opportunities and vaults. Non-Pro mode displays pools in a simplified list format (similar to Balancer), while Pro mode offers advanced analytics and detailed metrics. Choose the view that best suits your experience level.
Will vault strategies be auto-compounding?
Auto-compounding is not available at launch but can be implemented through simple strategy contract updates post-launch. Stay tuned for announcements about this feature rollout.
How does dynamic rebalancing work?
Rebalancing depends on the specific pool:
Low-risk pools (e.g., USDC): Incorporate multiple assets that rebalance dynamically while maintaining risk profile
Other pools: May have different rebalancing strategies based on their risk tier
All rebalancing happens automatically without user intervention
How are vault risk tiers managed?
Vault risk tiers are manually updated by our development team who constantly monitor yield opportunities across all supported chains. When better yields are discovered:
Users receive one-click migration options to new vaults
Old vaults continue generating yield (just potentially lower than newer options)
Risk profiles remain consistent within each tier
What happens if a protocol in my vault fails?
While we only use blue-chip protocols to minimize risk, in the worst-case scenario of a protocol failure:
Emergency withdrawal mechanisms are in place
Users should withdraw to the mother chain as quickly as possible
Our monitoring systems will alert users of any critical issues
Risk Notice: High-risk options (like stables paired with volatile assets) will always carry inherent risks. Please understand your risk tolerance before depositing.
Cross-Chain Operations
Is bridging abstracted for users?
Yes! Bridging is fully abstracted from day one. Simply deposit from any supported chain with one click, and Sprocket handles all bridging operations automatically in the background.
Which chains are currently supported?
At launch, Sprocket supports:
Base (mother chain)
Ethereum Mainnet
Avalanche (AVAX)
Binance Smart Chain (BSC)
Sonic
More chains will be added based on user demand and yield opportunities.
Can I earn on one chain and redeem on another?
At launch: Redemptions occur on the mother chain (Base) as rewards are distributed in $xROCKET
Future plans: Once $ROCKET and $xROCKET are deployed cross-chain, users will be able to redeem on any chain where these tokens are available
Security & Audits
What is the audit status of Sprocket contracts?
Core Contracts
✅ Completed
Bailsec & 0xGuard
Strategy Contracts
🔄 Ongoing
0xGuard
Zap Engine
✅ Completed
Bailsec & 0xGuard
When will audit reports be available?
All audit reports (except strategy contracts which are ongoing) are ready and will be published publicly before launch. Transparency is a core value at Sprocket.
Is there a bug bounty program?
While we maintain strong relationships with Bailsec (for complex contracts) and 0xGuard (for ongoing reviews), a formal bug bounty program is under consideration for post-launch implementation.
Launch & Roadmap
When is the Token Generation Event (TGE)?
The TGE date will be finalized and announced by August 21st. Follow our official channels for the announcement.
What features will be available at TGE?
Available at TGE: All earn vaults and yield strategies across all risk tiers
Post-TGE: Lending and leverage features will launch after the TGE
Will all vault tiers launch simultaneously?
Yes, all risk tiers (Conservative, Balanced, Aggressive) launch together. However, we'll continuously add new strategies as opportunities arise - DeFi moves fast, and so does yield!
Gas Fees & Transactions
How are gas fees handled?
Deposits: Users pay gas on their origin chain only
Bridging fees: Absorbed by the protocol for seamless UX
Withdrawals: Gas paid on the destination chain
Rebalancing: All gas costs for strategy rebalancing are covered by the protocol
What are typical gas costs?
Gas costs vary by chain and network congestion:
Base: ~$0.01-0.10 per transaction
Ethereum: ~$5-50 per transaction
BSC/AVAX: ~$0.10-1.00 per transaction
Bridging Times
How long do cross-chain deposits take?
Ethereum
Base
~5-10 minutes
BSC
Base
~10-15 minutes
Avalanche
Base
~10-15 minutes
Sonic
Base
~5-10 minutes
Are there bridging limits?
Bridging limits depend on available liquidity but typically range from $100 minimum to $10M+ maximum per transaction.
Reward Calculations
How are yields calculated?
Yields are calculated as:
Total APR = Base Protocol Yield + Strategy Yield + $xROCKET Emissions - Performance FeeWhen are rewards distributed?
$xROCKET emissions: Claimable in real-time
Strategy yields: Auto-compounded or claimable depending on vault
Performance fees: 10% of generated yield, used to boost pools and treasury
How do I maximize my rewards?
Choose appropriate risk tier for your goals
Vest $xROCKET for maximum conversion rate
Stake during volatility for increased APR
Participate early for boosted yields (first 1000 users)
Risk Management
What are the main risks?
Key Risks to Consider:
Smart contract risk: Mitigated through audits
Protocol risk: Using only blue-chip protocols
Bridge risk: Multiple bridge providers for redundancy
Impermanent loss: Varies by strategy
Time-based liquidation: Only for leverage positions
How do I choose the right risk tier?
Conservative
Capital preservation
New DeFi users, large holdings
Balanced
Steady growth
Experienced users, medium-term goals
Aggressive
Maximum yield
Risk-tolerant, active management
What safety features are in place?
Multi-signature treasury management
Timelock on all admin functions
Emergency pause mechanism
Regular security reviews
Insurance fund considerations for v2
Technical Issues
My transaction is stuck. What should I do?
Check transaction status on block explorer
If pending > 10 minutes, try speeding up with higher gas
If failed, retry with higher gas limit
Contact support if issues persist
I can't see my deposits. Help!
Ensure wallet is connected to correct network
Check if transaction was successful on block explorer
Allow 10-15 minutes for cross-chain deposits
Clear browser cache and refresh
Contact support with transaction hash if needed
The website isn't loading properly.
Try these steps:
Clear browser cache and cookies
Disable browser extensions (especially ad blockers)
Try a different browser (Chrome, Firefox, Brave recommended)
Check our status page for any ongoing issues
Join Telegram for real-time updates
Support & Contact
How do I get help?
Documentation: docs.sprocketfi.com
Telegram Support: t.me/SprocketFi
Email: [email protected]
Twitter: @SprocketFi
Is there a community I can join?
Yes! Join our vibrant community:
Telegram Chat: t.me/SprocketFi
Telegram Announcements: t.me/SprocketAnnouncements
Twitter: Follow @SprocketFi for updates
Discord: Coming soon!
Last updated: August 2024
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