Frequently Asked Questions

What is MiraiVault?

MiraiVault is a time-based locking and redistribution protocol coming to the Stellar Network. It will enable you to lock a fixed amount of $XLM tokens, and schedule a distribution to a target wallet (including your own) in packets of fixed size, at regular intervals.

What is the purpose of MiraiVault?

MiraiVault is built on the premise that deep down, we all know what we should be saving money for, and what goals are actually worth it, but the world offers so many distractions: that one costly concert from the one band you liked as a kid, that one overpriced video game that you MUST buy, that one meme token that is a guaranteed 420x in the next 12 months, and so many more. MiraiVault helps turn our faint tugs of conscience about what truly matters into an iron-tight contract: from the present you to the future you. Just create a vault, design your own distribution plan, and secure your financial well being.

What is in it for me?

Other than the obvious promise of avoiding bad financial decisions, we also offer $MIRAI tokens are reward for every vault created. Many projects mint new tokens to give you a "yield" but $MIRAI token has a fixed supply with no mint function in its smart contract. It works on the principle of scarcity, and the algorithm works similar to how the Mining Rewards work on Bitcoin: the more congested the race is, the more diluted the prize. So, we recommend that you become an early adopter to enjoy the best possible amounts as rewards! With the recent v2.0 upgrade, vault creators also have access to secondary rewards from supported protocols like Blend and DeFindex.

How do I supply some XLM from my vault to Blend or DeFindex?

Once you have created a vault, you can click on it in the "Vaults By Me" section and use the "Supply P1" to move XLM to Blend, and "Supply P2" to move XLM to DeFindex.

How much XLM can I supply to Blend or DeFindex from my vault?

To ensure lower risks, MiraiVault has a hard 50% (of the vault amount) limit on supplying XLM to any one protocol, and 70% on the total XLM supplied across all protocols from a vault.

Is there a cooldown period on Blend or DeFindex?

To ensure rewards to actually grow, we have a 14 day cooldown period on withdrawal from each. There is no cooldown for supplying, though.

Is the reward formula open-sourced?

Absolutely! You can check it out in our Rust code here.

How does MiraiVault use or store my data?

The MiraiVault website is merely an instrument to help you call the MiraiVault Smart Contract. Other than that, we do NOT store any data, and whatever is stored on-chain is anyway public.

What are the different ways I could customize my Vault?

You could customize your Vault by A) changing the duration of the lock, which could be from 4 to 20 years, and B) changing the distribution frequency, which could be once, twice, or four times every year, and C) allocating up to 50% of the initially allocated amount to secondary protocols like Blend or DeFindex.

I messed up while setting up a Vault. Can I cancel my Vault?

Yes. But please remember that cancelling it makes you ineligible for whatever $MIRAI rewards are pending for your Vault.

Can I check out the Smart Contracts on Explorer?

Yes. We take pride in transparency and here are the smart contracts used by MiraiVault:

Mirai Token: CDW7IOTA4JVOLEI22UIEOIWWACQFHE3VP2XLAPPB25PYTGBSN7D37H2K

Mirai Vault: CCMBAUVMNAUQJRVQJCF7HSFMGMIRESSQNOGO2HWHZQSNCJZWSRHGLPYO

Mirai Early Access: CANZB22M7NGJLSLXSCQTFRKSGWKXN257CJ5DUR4ND6USTMFAHEEBEK5Y

Currently, all of them are live on the Stellar Testnet.

Sound good. How can I start?

The testnet app will be available soon. To join the limited waitlist, please click here. For any queries, reach out to resurgencelabs@gmail.com.