BNFI ROAD TO 10,000 SUPPLY! STAKING V1 (YIELD FARMING) EXPLAINED!
Why choose Balancer pool?
It's great for yield farming since 3 pools with wETH are connected.
The pools come from Uniswap and mixed it together into one.
Pool structure
wETH/(BLZN-ETH)/(BLZN-BNFI)/(BNFI-ETH)
When someone bought shares from each of these pools, it will create more burns.
Example: (BNFI at 5% burn rate)
1. Normal trade
- Buy/sell 100 BNFI, the burned BNFI will be 5 and 95 will go through.
The burn is fixed at 5%, so there is decreasing upon receiving it.
2. In Balancer trades
- When someone bought shares from each pool, and he just bought like 100. The burned BNFI will not just 5, but the 5% of the total BNFI on that pool.
If that “Pool” contains 10,000 BNFI, the burned BNFI will be 500 BNFI.
Then, the pool will adjust creating more transactions. Resulting to more burns on other pools.
The pool has weight of (5%/15%/22%/58%).
Once each pool goes higher or goes lower, they will auto balance. The pool will move to other pool in order to maintain the weights.
That's why Balancer is good for yield farming activities.
"It is to force constant buy and sell pressure resulting to more transactions and burns."
Rewards are multiple
- wETH
- BLZN-ETH (both shares)
- BLZN-BNFI (both shares)
- BNFI-ETH (both shares)
Steps on yield farming (staking v1) is available on our main telegram @BlazeDeFi.
Thanks for supporting Blaze DeFi!
