Frequently Asked Questions on the Roseon Mobile App
There are several concerns raised concerning the Roseon Mobile App, particularly among novice investors.
Here are some of the most often asked questions and their answers:
Q1. How long does it take to complete a transaction?
ANSWER: The speed of deposits and withdrawals into the Roseon App is determined by the blockchain network’s speed. Staking and farming, for example, are both conducted in real time within the Roseon App.
Q2. What is Variable Annual Percentage Yield (APY)?
ANSWER: We do not provide a guaranteed harvest in farming. The farming return changes dependent on the token’s market price and the liquidity pool rewards on the DEX.
Q3. How do I check my staking rewards and when can I do so?
ANSWER: On the distribution day, rewards are put into your accounts at the end of the staking period.
Q4. Does the Roseon App charge any fees?
ANSWER: Withdrawals are subject to network costs, while deposits are not. A 5% management fee is charged on the overall pool deposit amount, which is stated as an annual percentage number and distributed according to the pool’s term. The administration charge for a one-month pool, for example, is $100.
Q5. Why am I unable to unstake on the MANTRA DAO pool?
ANSWER: When you Unstake, the process takes 8 days. If you don’t want to wait 8 days, you can Unstake immediately for a 2% fee.
Roseon will have another pool to support Mantra Dao stakeholders after MANTRA DAO.
Q6. What is the smallest amount you can bet?
ANSWER: There will be a different minimum stake for each currency. We make every effort to keep this minimum as low as possible. For instance, the minimum stake for ETH is 0.01 Ether.
Q7. How are Staking and Farming different?
ANSWER: When you stake with the Roseon App, you get a fixed rate of return, but the money is locked in for a set period of time.
When it comes to farming, you get to choose which farming pool you wish to join. Profitability isn’t always guaranteed. This figure may be more or lower than the staking payment. Depending on the pool, you may be able to withdraw your funds within 24 hours.
About Roseon Finance
Roseon Finance is a hybrid solution that bridges decentralized (DeFi) and centralized financial services (CeFi). Acting as the gateway to DeFi, Roseon Mobile is a crypto finance app, currently available in iOS and Android, that was built to help onboard new users to DeFi with its customer-centric design. As the industry continues on its high growth trajectory, developing new and faster protocols, Roseon Finance has chosen to take a different approach, to prioritize the user experience and enterprise adoption.
Roseon Finance aims in the medium to long term future to bridge decentralized finance (DeFi) and centralized swap services (CeFi), also known as “CeDeFi”. Acting as a gateway to DeFi, Roseon Mobile, the multi-chain yield aggregator app that integrates with various centralized and decentralized services. Currently available on iOS and Android, Roseon Mobile was built to help bring new users to crypto and DeFi with its customer-centric design. As the industry continues on its high growth trajectory with new and faster protocols, Roseon Mobile has chosen to prioritize user experience and ease of access.
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