BiShares: The week in review & BISON updates

BiShares Blockchain Metaverse Alliance Ceek

The Yield Bearing Funds:

The following diagram depicts a simple way of looking at and understanding how the YBFs work.

BiShares YBF Yeild Bearing Funds

How do YBFs work?

BiShares newest product, 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 that represents the user’s position will be minted. After a minting 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 the position, thus increasing the original LP position. When a user wants to collect earnings, they can simply unstake their position. There are no deposit or withdrawal fees, the only fee incurred is a 3% of each daily harvest which is used to buy back BISON.

Zap in and out!

All the YBFs will be available to zap into all the farms with just one transaction using a single asset like BNB or FTM. What would require users 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.

BiShares Farms

Fantom YBFs:

Our fantom YBFs will launch this week giving the fantom community a chance for yield on yield growth into their top tokens. More info on the exact make up of these funds will be distributed when they are 100% ready.

Founders Wallet

At BiShares we are as transparent as it gets. Below you will find the direct link to the Team Wallet. At 170,000 Bison, we have not sold 1 token yet! In fact, we are here for the long term building what we think are infrastructural liquidity protocols for the largest DEXs and in the foreseeable future, institution inflows. Our wallet emissions are over 5 years!

Distribution:

We are proud to announce that we have distributed $14.000 for last month in BISON staking rewards straight to wallets in the form of BUSD. Stakers get rewarded not only in BISON rewards but also in BUSD, double rewards! As the platform grows, so will the staking rewards. The link below shows the distribution made today.

Audits:

Solidity: Wednesday November 24th
DeFiYield: Processing
Certik: Applied

  • BSC Wallets increased by 150%
  • TVL is growing Steadily $6+ Million
  • BiShares admitted to the Metaverse Blockchain Alliance
  • Cultivating another major BSC partner

Updated Roadmap:

BiShares Roadmap

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BiShares

BiShares

BiShares is a multi-chain project which offers decentralized Exchange Traded Funds (dETF’s) for safe crypto diversification