Initial Launch
- 1.Initial supply: 210,000 BDO
- 2.Distribution period: 3 weeks
- First week: 80,000 BDO
- Second week: 60,000 BDO
- Third week: 40,000 BDO
- Airdrop: 30,000 BDO (BNB, BUSD, CAKE, BFI, BFIE, ESD, BAC, and VALUE) #hodlers can claim BDO by connecting your wallet at bdollar.fi/claim.The airdrop is organized on a first come — first serve basis, until the whole 30k BDO is fully distributed. Each wallet can claim a maximum of 2 BDO while upNdown’s users will be entitled to claim 5 BDO.
Reward rate for Seed pools from Day 1
- BUSD: 4x
- DAI: 2x
- BFI: 2x
- CAKE: 1x
- 3 tokens voted by Community — 1x
Reward rate for Liquidity pools from Day 3
- Pancakeswap LPs BDO/BNB — 64x
- Pancakeswap LPs BDO/BFI — 32x (After BFIE to BFI bridge is available)
sBDO has a maximum total supply of 100,000 tokens. 15,000 sBDO are allocated to the team and DAO (7,500 each) and vested linearly over 12 months. The remaining 85,000 sBDO are allocated for incentivizing Liquidity Providers in 2 pools, as follows:
- Pancakeswap LPs BDO/BUSD: 50,000
- Pancakeswap LPs sBDO/BUSD: 35,000
- Duration: 12 months
Current Bank Pools
Retired Bank Pools (Please withdraw any funds in these pools):
- BDO-BNB LP
- BDO-BFI LP
- BUSD
- DAI
- LINK
- DOT
- VALUE-B
- BFI
- CAKE
Current Shares Pools (Multiplier Rewards):
- BDO-BUSD LP: 45x
- sBDO-BUSD LP: 30x
- BDO-BNB LP: 10x
bBDO (bond tokens) are always on sale, however, a purchase during epoch expansion will result in a nett loss. Hence, the platform UI only allows for purchase of bBDO when BDO falls below the 1 $BUSD peg.
Early redemption of bBDO bonds for BDO (when BDO's TWAP < 1) will experience a 10% nett loss.
e.g. if BDO's TWAP < 1, exchange bBDO bonds for BDO will be in a 1:0.9 ratio.
To encourage redemption of bBDO bonds for BDO when BDO's TWAP > 1 and incentivise profit-seekers who are doing bonds. Bonds redemption will be more profitable with a higher BDO TWAP value, of which bBDO bonds to BDO ratio will be 1:R, where R can be calculated in the formula as shown below:
Where coeff = 0.65
Example 1. if BDO's TWAP = 1.05,
R = 1.0 + min[0.3, (1.05 - 1.0)*0.65)] = 1.0 + min[0.3, 0.0325] = 1.0 + 0.0325 = 1.0325
bBDO to BDO ratio in Example 1 would be 1:1.0325
Example 2. if BDO's TWAP = 1.10,
R = 1.0 + min[0.3, (1.1 - 1.0)*0.65] = 1.0 + min[0.3, 0.065] = 1.0 + 0.065 = 1.065
bBDO to BDO ratio in Example 2 would be 1:1.065
As you can tell, bBDO holders are able to profit more when they participate in bonds redemption when BDO TWAP >> 1.
Last modified 1yr ago