Hello, this is kimm. Introducing bDollar.fi, the first algorithmic stablecoin based on Binance Smartchain. bDollar is an algorithm-based stablecoin project that adjusts the price of the token to the target price by adjusting the supply to provide the programmability and interoperability of DeFi.
For more information, please refer to the original link above.
bDollar.fi is a project inspired by the Ethereum-based Basis project and is a multi-token protocol composed of three tokens: BDO, sBDO, and bBDO . A brief summary of the three tokens is as follows:
If you first participate in bDollar.fi, you can think of it as BDO or sBDO, and if you want to participate in mining through liquidity supply (LP), you must use pancakeswap.finance.
① BDO token information
② sBDO token information
The price of bDollar (BDO) can be higher or lower than the stabilization target price of $1, depending on the market price the market participants trade. BDO operates the stabilization algorithm to maintain the target price of $1, and the rules of the algorithm are as follows.
As you can see in the screen above, by staking the sBDO token, which is a stake in bDollar, you have the right to claim compensation for BDO's inflation .
The quantity of rebase (expansion) is listed as a maximum of 3% on the official medium, but it seems that rebase (expansion) may occur at 4.5%, which is more than that in the system.
There are three ways to mine BDO, and specifically there are a total of six ways.
① BDO/BNB liquidity supply: 64x
② Token deposit: 4x~1x
③ sBDO staking
BDO can be mined by supplying liquidity as above, but it is also possible to mine sBDO, which is a stake in bDollar. Currently, in order to mine sBDO, you need to supply liquidity to the BDO/BUSD or sBDO/BUSD pool, and the double speeds of the two pools are different, but the APR is very similar.
bDollar.fi has been activated from 09:00 on January 1, 2021, and it is still in its very early stage and has not been officially registered in Defistation. They are showing their growth.
Currently, the interest rates of various farming pools are very high, but the APR may decrease sharply at any time depending on the price fluctuation of BDO or sBDO, and the price volatility is high. Therefore, we recommend that you fully consider the risks before participating in farming or depositing.
