Another crazy week, another product delivered at BiShares. The Game Fund (biGAME) has successfully launched and we are starting to get community support from the underlying tokens in the form of tweets and AMA’s. We are striving to be the conduit between all communities looking to bridge their awareness into our protocol while giving the utility and real world functionality to diversify crypto assets.
Current and future Audits
We are undergoing a full protocol audit with DeFiYield again and are expecting results within the next few days. We have also commissioned Solidity to perform their first audit on us for the entire platform. We are juggling options for alternatives to Certik, as we feel there are much more comprehensive audits done for far better token outlay.
Renewed Farms
As you know, some of our farms will be ending today. However, we are adding more for the community to park their $BISON and get rewarded. Some of the legacy farms still have 3 weeks to go. Once these end, we will be setting up new and amazing staking rewards with BUSD payouts!
New Farms added are:
- BISON single staking with BISON rewards
- biGAME/BNB with BISON rewards
- BISON/BNB with BISON rewards
The other funds will continue to run as is until the new ones are added in the future.
Platform upgrades
The new minter has been deployed on the dApp. Now the minting fee of 1% goes straight to the treasury wallet, as opposed to staying in the fund. This means the fees have started to flow in and a sizable distribution will be made to all who continuously held their Bison in the Bison pool.
Fund charts and other information services for ArbEx and farms are nearing their completion and will be deployed soon.
DAO Implementation
We are well aware of the amount of amazing help the community is offering in the TG group. We encourage you to continue to help the protocol grow. We hope to code the DAO asap and pass it over to the community.
Total Value Locked
BiShares is experiencing a steady and fast growth. Its current figures are:
Total TVL - over 6.5M USD across all of BiShares
dETF TVL - over 650k USD
Farms TVL - 5M USD
ArbEx TVL - over 1M USD
BISON single staking pool: over 50% of circulating supply is staked! (which is about 2M USD)
These are the signs of a healthy community trusting the process and protocol to continue growing.
We look forward to our new DEX fund being launched on September 22nd! This should add another stable fund to ape into — here at BiShares we have a wide variety of funds for all sorts of profiles of crypto enthusiasts to diversify with.
