We had been keenly observing the developments happening in the DeFi (Decentralised finance) space and we decided BNS should actively participate in it. Yield farming has been a craze. A lot of the Decentralised Finance tokens which launched in the last 2 months have got into top 100 CMC ranks (SUSHI, YFI, COMP, BAL etc.) Few are already listed on Bitbns and we would list more credible ones and not just go after what’s in craze right now as we understand users trust us in terms of listing credible tokens. We were among the first exchanges to list COMP and BAL globally.
Moving back to what’s decentralised finance. So in decentralised finance the overall premise rests on the fact that smart contracts govern everything including lending, borrowing, interest generation, credit, liquidations etc. Simply put, the role of banks is being done by smart contracts now and as few of these overheads in terms of running an operation, manpower etc are being abstracted away there is larger yield that could be generated. Yields are higher for other reasons as well including inclusion of a token which in itself is getting value attributed to it.
One of the central contexts around DeFi is the concept of Yield farming. What it essentially means is the way you deposit funds in a bank and get returns for fixed deposits similarly here you can lock your crypto assets and get returns in the form of crypto. This in simple words is yield farming where you are locking your assets and you can earn yield in the form of newly generated tokens. Defi has redefined a few things and there is a constant spurt of activity happening there.
Today we are excited to announce we are going the DeFi way. We are launching bns.finance a website where users can deposit tokens which they have and earn yield on it. The initial yield starts really high.
You can check it on the website. Users would get yield in the form of BNSD (BNS defi) a token which we have released specific to this.
What are the salient features of BNSD:
- Super high APYs
- Multiple pools in which you can farm
- Extremely Deflationary release overtime
- Halving built in. 4 halvings happening where block rewards reduce.
- Block rewards started with 1000 rewards per ETH block of BNSD and then was reduced based on halving in the following fashion
- 1000 - 500 1 day from genesis block
- 500 - 250 7 days
- 250-125 30 days
- Now its 25 based on the proposal at Ascent Governance proposed by 0xdd0fD...9317a4E
- Just 4% of rewards are reserved for dev funds. This is lowest in comparison across other defi projects like Sushi
- Best part 50% of the dev funds are used for buying bns on a periodic basis
- Contract is super clean as there is no mint function there except for the block rewards which are happening every block. So there is no risk associated with it. No time lock needed as only BNSChef can mint rewards and those rewards are specific to block
Questa offerta si basa su informazioni fornite esclusivamente dall'offerente e altre informazioni disponibili pubblicamente. L'evento di vendita o scambio di token non è interamente correlato a ICOholder e ICOholder non ha alcun coinvolgimento in esso (inclusi eventuali supporti tecnici o promozioni). Le vendite di token elencate da persone con cui ICOholder non ha relazioni sono mostrate solo per aiutare i clienti a tenere traccia dell'attività che si svolge all'interno del settore generale dei token. Questa informazione non è intesa come un consiglio su cui dovresti fare affidamento. È necessario ottenere una consulenza professionale o specialistica o eseguire la propria due diligence prima di intraprendere o astenersi da qualsiasi azione sulla base del contenuto del nostro sito. I termini e le condizioni stipulati dai contributori in relazione all'acquisizione di token sono tra loro e l'emittente del token e ICOholder non è il venditore di tali token. ICOholder non ha alcuna responsabilità legale per qualsiasi dichiarazione fatta da terzi in relazione a qualsiasi vendita di token e qualsiasi richiesta di violazione del contratto deve essere fatta anche direttamente contro l'entità emittente dei token qui elencata.
In caso di dubbi sulla natura, sulla proprietà o sulla legalità di questa vendita di token o delle persone coinvolte, contattare info@icoholder.com con informazioni dettagliate sulle tue preoccupazioni.