BiShares has recently gone through an accelerated growth stage that has brought 7 dETFs onto the Binance Chain, and most recently, two new funds on Fantom. Each of the funds serves its purpose depending on what the users need to diversify in — for some it’s been DeFi, for others GameFi, others prefer FOMO, etc — there’s a wide spectre. At BiShares we are building funds for everyone.
We have been keeping an ear to the ground with our community and they have been asking for yield. So after a month of coding, we have enabled just that. We want to introduce you to our newest feature, Yield Bearing Funds which will go live October 29th.
How do they work?
The new Yield Bearing Funds (YBF) will create LP (Liquidity Provider) tokens which will be deposited into multiple farms at the same time. An auto compounding token thats represents your position will be minted. When this occurs, our contracts will buy all the required tokens, create and deposit them into a LP token and then in the underlying farms. As yield is earned the contract will automatically sell the rewards to auto compound your position thus increasing your original LP position. When you want to collect your earnings, you can simply unstake your position.
Zap in and out!
All the YBF will be available to zap into with just one transaction. You can use a single asset like BNB or FTM and zap into all the farms in a single transaction. What would require you a lot of time and transactions is done in one easy step. You can also exit directly into any approved single asset including an emergency exit into stables in case of market volatility.
Yield Bearing funds
There will be seven initial offerings as part of a multi-day launch starting October 29th. So save the date!
Binance Smart Chain
Stablecoin YBF: October 29th
The Stablecoin YBF mints a yield-bearing stablecoin called biUSD and will farm the best long-term stable coin strategies available on BSC. It will consist of only stablecoin pools that offer the best and safest yield across all of BSC. Users will earn the average of all the APY/APR across all the farms without having to jump from pool to pool to try and optimize it. There will also be NO threat of IL (Impermanent Loss) since it’s all in stables which makes this a low-risk Fund.
Blue Chip YBF: November 5th
The Blue Chip YBF mints a yield-bearing token that will farm the most stable blue chip type tokens like CAKE, BIFI, BANANA, etc. This Fund is developed for the long-term farmer with exposure to the BSC ecosystem. Users will earn the average of all the APY/APR across all the farms without having to jump from pool to pool to try and optimize it. Impermanent Loss will be limited since these are the top assets in the BSC ecosystem. If it’s healthy, so is the Fund. It is a medium-risk auto compounding Fund.
ApeSwap Farm YBF: October 29th
Attention to all Apes! The volatile yield-bearing token that’s minted in this Fund will farm the most stable partner tokens from Apeswap which have the greatest potential for growth as well as the best yields. This Fund is targeted as midterm farming exposure to the entire Apeswap ecosystem. Users will earn the average of all the APY/APR across all the farms without the need to do anything to try and optimize it. Impermanent Loss will be more at risk in this Fund since these are fairly new assets and have a higher degree of volatility. So this fund is a high-risk/reward and is meant for the true aper looking for both, alpha and yield which gets auto compounded.
High Yield YBF: November 5th
This YBF will mint a yield-bearing token that will farm the most stable and high-yield tokens that have the most consistent yield for growth. This Fund is meant as midterm farming exposure to the entire BSC ecosystem. Users will earn the average of all the APY/APR across all the farms without having to jump from pool to pool to try and optimize it. Impermanent Loss will be more at risk in this Fund since it includes volatile assets but will also offer a high yield. It is a high-risk Fund and meant for the true degen.
Fantom Chain
Stablecoin YBF: November 3rd
Calling all Fantom farmers! This stablecoin YBF mints a yield-bearing stablecoin called biUSD and will farm the best long-term stable coin strategies available on FTM. It will consist of only stablecoin pools that offer the best and safest yield across all of FTM. Users will earn the average of all the APY/APR across all the farms without having to jump from pool to pool to try and optimize it. NO threat of IL since it’s all in stables making it a low-risk Fund.
Blue Chip YBF: November 3rd
This top of the food chain YBF mints a yield-bearing token that will farm the most stable blue chip type tokens like SpiritSwap, Tarot, etc. This Fund is meant as long-term farming exposure to the entire FTM ecosystem. Users will earn the average of all the APY/APR across all the farms without having to jump from pool to pool to try and optimize it. IL will be limited since these are the top assets in the FTM ecosystem. If the market continues to grow, so will the Fund. It is a medium-risk Fund.
High Yield YBF: November 5th
Fantom degen OGs will love this one! Mint a yield-bearing token that will farm the most stable high-yield tokens that have the most stable yield for growth. This Fund is meant as mid-term farming exposure to the entire FTM ecosystem. Users will earn the average of all the APY/APR across all the farms without having to jump from pool to pool to try and optimize it. IL will be more at risk in this Fund since it includes volatile assets, this fund will offer high-yield and is of high-risk.
Fees for the herd
All new non-stablecoin Yield Bearing Funds will include a BISON pool just like the other dETFs. That means each fund will always be adding liquidity to the BISON pair on our DEX (ArbEx).
- NO deposit or withdrawal fees!
All new YBF will include a low 3% performance fee. 3% of all farmed yield will be used to buy back BISON from the open market creating sustainable buy pressure on the BiShares token. The accumulated tokens will be redistributed back to stakers of BISON on the BiShares platform.
Rewards
To keep the BISON ecosystem healthy and rewarding for stakeholders, the team has made a great loopback mechanism to enrich the entire BiShares community. Yield rewards are used to buy more LP and are deposited back in. The team also wanted to keep all manual configurations to a minimum and took the extra time to code an auto compounding mechanism into all farms (no need to harvest). On exit, when you have farmed your yield, you will be able to withdraw your stake in whole or in part into any listed single asset including the auto compounded growth.
Roadmap
We have updated our Roadmap as seen below. There are still things to go as we keep on building.
