Smart Savings
Smart Savings unlocks the full potential of DeFi by providing seamless cross-chain interoperability and optimized yield opportunities. By integrating various networks, Smart Savings enables you to transfer assets effortlessly across chains, allowing you to maximize liquidity and flexibility in your asset management.
Smart Savings is powered by Latch – the omnichain yield and liquidity protocol built on Gravity.
Learn more about Latch here.
Liquid Staking Upgrade
In collaboration with Gravity, we’ve implemented cross-chain liquid staking solutions, unlocking enhanced features for greater flexibility and efficiency. This includes:
Instant Withdrawal (T+0): Experience the flexibility of immediate access to your funds. With the option to deposit and withdraw at any time, you can optimize your capital's efficiency while enjoying liquid yield.
Decentralized Omnichain Yield: Powered by Gravity and LayerZero, Smart Savings simplifies the complexities of multichain interactions. Users can effortlessly deposit, withdraw, and utilize their Smart Savings balance across any supported chain, all while maintaining a decentralized experience.
Key Features
Native Yield
Through Smart Savings, users can transform idle token balances into interest-earning assets by leveraging integrated DeFi staking and yield protocols. Simply deposit your tokens into a Vault to start earning yield on your unused balances.
T+0 Instant Withdrawal
Powered by the liquid staking solution, users will now be able to withdraw 100% of their balance on Smart Savings instantly to USDT or ETH on the selected chain, thus fulfilling any instant liquidity need on demand. This heightens the flexibility for active web3 users who seek better control over their assets. In addition, Smart Savings leverages its chain-agnostic elements to support omnichain deposits and withdrawals. For instance, users can deposit ETH on the BNB Chain and withdraw USDT on Arbitrum.
Note: The instant withdraw feature is subject to the availability of market liquidity. In case that liquidity is not sufficient for large amount withdrawals, you can always use the T+7 days withdraw function to redeem your smart savings balance back to USDT or ETH in 7 days.
Learn more about Latch’s liquid solutions here.
Chain-Agnostic Gas Payment
Smart Savings is designed to combat the persistent issue of chain fragmentation in web3 while upgrading the user experience. Through its chain-agnostic attribute, Smart Savings enables users to settle payments across different blockchains. This cross-chain interoperability optimizes the experience on Galxe Quest by eliminating the need for users to bridge across multiple chains, acquire their native tokens, and do it repeatedly to claim rewards.
With Smart Savings, users can simply maintain one balance that allows them to pay for gas fees across multiple networks, including BSC, MATIC, AVALANCHE, ETHEREUM, OPTIMISM, BASE, OKC, ARBITRUM, ZkSyncEra, LINEA, MANTLE, FANTOM, ZETACHAIN, CRONOS, MERLIN, INJECTIVE, and GRAVITY_ALPHA.
How to
Deposit to Smart Savings
Visit https://app.galxe.com/ and you can find the Smart Savings portal on the home page.
Currently Supported Networks & Tokens (with more coming…)
Network | Supported Tokens |
Arbitrum | ETH, USDT, USDC |
Binance Smart Chain | BNB, USDT, USDC |
Ethereum | ETH, USDT, USDC |
Polygon | MATIC, USDT, USDC |
Visit Galxe Smart Savings: app.galxe.com/SmartSavings
Connect your self-custodial wallet (e.g. MetaMask) to Galxe.
Please note that we only support EOA wallet for now. Support for smart contract wallets will be added in the future.
Click "Deposit" on your Smart Savings dashboard.
Choose your desired Vault (USDT or ETH).
Select the token and network for your deposit. (*see supported networks and tokens above).
Enter the amount you wish to deposit (or choose “25%, 50%, or 100%”).
Review the transaction details. (First yield payout date, network cost, and transaction simulations).
Confirm the transaction in your wallet, paying the gas fee.
Await confirmation (processing time may vary depending on network traffic).
Success! You will get liquid staking tokens (atUSD & atETH) on Gravity Chain in your wallet as the certificate of your deposits.
Note that atUSD and atETH are value accruing tokens such that their atUSD/USDT and atETH/ETH price will increase over time as yield is realized.
For normal deposits, your USDT or ETH on source chain will be swapped directly to atUSD or atETH on Gravity Chain.
For large amount deposits, your USDT or ETH will be deposited into the smart contract on Ethereum mainnet and new atUSD or atETH tokens will be minted to you on Gravity Chain.
Add Gravity Chain and atUSD / atETH tokens in your wallet such that you can track them directly in wallet if you want.
No worries if you don’t want to add those wallet, as you can always check and manage your smart savings balance on Galxe website.
Monitor your balance and yield earned on app.galxe.com/SmartSavings.
Note: Ensure your wallet is connected before depositing to Smart Savings. For assistance, contact our support team.
Withdraw from Smart Savings for Instant Liquidity
Visit Galxe Smart Savings: app.galxe.com/SmartSavings
Connect your self-custodial wallet (e.g. MetaMask) to Galxe.
Select your deposited Vault (USDT or ETH).
Click "Withdraw" on your Smart Savings dashboard.
Enter the amount you wish to withdraw (or choose “25%, 50%, or 100%”).
Review the transaction details (expected receive time, network cost, and transaction simulation).
For normal withdrawals, you will be able to swap your atUSD or atETH tokens on Gravity Chain instantly to USDT or ETH onto the target chain you selected.
For large amount withdrawals, if there is not enough secondary market liquidity, you will be directed to use the T+7 days withdraw route, during which your atUSD or atETH tokens will be burned and you can come back to claim your USDT or ETH tokens on Ethereum mainnet in 7 days*.
Confirm the transaction in your wallet, paying the gas fee in G token (we will airdrop some G tokens to your wallet to ensure that you have it to pay for gas).
In case you don’t have enough G, you can buy some G tokens on-chain on Jumper Exchange.
Await confirmation (processing time may vary depending on network traffic).
Success! Monitor your withdrawal request on your dashboard.
For T+7 days withdrawals, you can check the status in the “History” tab and notification will pop up on the website when it is available to claim.
FAQs
What is Latch?
What is Latch?
Latch is a blockchain interoperability protocol designed to unify yield, liquidity, and chains. Learn more about Latch here.
What is the minimum deposit required to initiate a Smart Savings account?
What is the minimum deposit required to initiate a Smart Savings account?
Smart Savings accounts are accessible with no minimum deposit requirement.
Can Smart Savings be used for all payments on Galxe?
Can Smart Savings be used for all payments on Galxe?
Yes, Smart Savings can be used for various functionalities on Galxe, including:
Covering network fees (gas) associated with claiming NFTs or other actions.
Paying for Galxe Passport fees.
Paying for Galxe Score fees.
Paying for Smart Savings fees.
With more features supported in the future.
Do Smart Savings credits have an expiration date?
Do Smart Savings credits have an expiration date?
Yes, Smart Savings credits have a validity period of one year.
Note: Smart Savings credits are non-refundable and cannot be withdrawn after they are issued.
Are there any fees for using Smart Savings?
Are there any fees for using Smart Savings?
Yes, a service fee applies when utilizing Smart Savings for transactions. The standard fee is 10% of the total gas fee, with a minimum of 0.01 USD.
Where can I find the terms and conditions for using Smart Savings?
Where can I find the terms and conditions for using Smart Savings?
Learn more about Galxe Smart Savings Terms of Use here.
Disclaimer: Withdrawals from Galxe Smart Savings are subject to a 7-14 day processing period. Funds are restricted to your individual account and cannot be used for services within the Galxe Dashboard or on external platforms. Balances are denominated in USD, and deposits in other currencies will be converted based on the exchange rate at the time of the transaction. A service fee of 10% applies, with a minimum charge of 0.01 USD. For further details, please refer to the Galxe Smart Savings Terms of Use.