BDOv2 - bDollar V2.0

ANNOUNCING THE MIGRATION TO BDO V2.0

Dear bEarn Community,

With every passing day, our focus continues to be on improving and growing our ecosystem. Our main goal is and always will be to offer our passionate bEarn.Fi community the most robust and complete ecosystem that BSC & DeFi has to offer. As we continue to overcome many challenges, we must recognize those things which are holding us back from our potential. Going forward — we will be making some changes. Please continue reading!

Motivation

Due to the recent accelerated growth of the project, we have come to the conclusion that the current BDO smart contract is not flexible enough to support the vision that we wish for it to encompass. Thus in order to open up more possibilities and to have a greater impact on the success of the ecosystem — we have decided to make some significant changes. We are thrilled to introduce to you our new concept for BDO V2.0!

What are the new features for BDO V2.0?

  • Partially collateralized: In order to bring stability to the value of $BDO, going forward it will become partially collateralized in order to support it as a fully decentralized stablecoin and give it the tools it needs to maintain a peg value of $1. (More details to be provided in the coming days)

  • Deflationary mechanism: There will be a small transaction fee for every $BDO transaction. The fee ratio will be adjustable through voting by the bDollar’s governance. A snapshot page will be shared within the next 7 days to allow the community to decide on this fee.

  • Flexibility: By making the smart contract upgradable, it will become possible for us to make further cool changes in the future and allow us to remain adaptable.

How to migrate the existing BDO to BDO V2.0?

There are 3 scenarios:

  • BDO in LP farming or single stake: Users need to approve to migrate from the current one to the new one and we will be sharing an instruction when the migration is ready

  • BDO in bPower: The contract will migrate automatically

  • BDO in user wallet: Users need to migrate directly to the site.

How to migrate the existing BDO to BDO V2.0?

There are 6 scenarios:

  • BDO in bPower: The contract will be migrated automatically

  • BDO in LP farming, bVaults, single stake: Users need to approve to migrate from the current one to the new one (UI to be updated)

  • BDO in bLending: Users need to withdraw and migrate manually

  • BDO in LPs outside of our platform: → Unstake → Stake at bvaults.fi → wait for UI update to migrate

  • BDO in BDO/BNB earn CAKE at PancakeSwap: ETA and more information to be updated

  • BDO in user wallet: Users need to migrate directly at the site

Go to: https://bdollar.fi/migration → Connect wallet → Approve BDO → Migrate → DONE

Please note that there is no deadline to swap. However, the sooner you migrate to the new version, the more benefits you will receive as there will be many pools, yields to earn #juicy APY for BDO V2.0

When will the migration take place?

Please note that there is no deadline to swap. However, the sooner you migrate to the new version, the more benefits you will receive as there will be many pools, yields to earn #juicy APY for BDO V2.0