On-Chain Summer: The Biswap Investment Pool Is Oozing USDT
Biswap is a decentralized exchange, with direct peer-to-peer crypto trading, staking options, launchpools and NFT market. What's different? Biswap is the 1st DEX on Binance Smart Chain with a 3-type referral system and the lowest exchange fee 0.1% in the Defi space!
The BSW Investment Pool was implemented as a new reward system, with unique and diverse rewards! Users have to deposit $BSW tokens to the pool and get BSW tokens, oBSW points, and vBSW voting power.
In addition, the staked $BSW grants access to the Real Yield Pool, and the earned oBSW from the BSW Investment Pool balance can be moved into the Real Yield Pool for USDT rewards. Sounds like a new dynamic, and the new tokenomics could make Biswap great again!
The Real Yield Pool gives the unique opportunity to earn Real Yields in a form of USDT tokens. Real Yield rewards are generated from a certain percentage of the real crypto income of the platform instead of native token emission. I went for it!
To enter the Real Yield Pool, you must stake oBSW points you’ve earned in the BSW Investment Pool. Therefore... I staked my BSW stash for one year. The initial 12-months APR was 29.23% and the rewards must be compounded manually!
Was crazy to stake it for one year? No ... if you think we had two years of perpetual bear market. I am sure that $BSW can't go lower than it went so it's not a big gamble.
Staking 26k BSW gave me some top perks, along with 52,637 vBSW. What is vBSW and how to use it? The tokens can be used by the Biswap community to participate in voting and snapshots. No governance proposals until now so vBSW was useless so far!
The oBSW is a point option, used to access Real Yield Pool and buy BSW with a discount. Users earn oBSW points as rewards in the BSW Investment Pool. Each oBSW is backed up with a real minted BSW stored on a separate contract.
You may exchange oBSW with a 30% discount to the real BSW for USDT on the BSW Investment Pool balance. To earn more with oBSW, you can stake oBSW to the Real Yield Pool, where you can earn USDT token rewards within 21 days or exchange oBSW to BSW.
I don't need discounted $BSW so I left the yield accumulate for the whole period. The first pools were earning low so I spaced up my claims and stakes for enhanced yield farming.
Within the 21 days in the Real Yield Pool, your discount will gradually decrease while your USDT rewards increase. Therefore, at the end of the staking period, your discount will be 0%. You must pay the total amount if you exchange your oBSW for BSW.
Claimed every few weeks and added the oBSW into the Real Yield Pool, and the rewards are pilling up nicely! The average APR stayed above 1200% and the total reward earned since February reached 30 USDT! Not bad Biswap ... not bad!
From time to time is important to compound, as the BSW Investment Pool will not do it automatically. The new system looks promising and I am happy so far with the level of rewards. Let's check the gains!
The APR dropped to 12% after the monthly compounds, and was time to do the math. Staked 26,318 BSW on the 26th of January, and the estimated reward for one year of staking was 3793 tokens. With 260 days left, and few compounded rewards, I farmed 726 BSW tokens. The value at the time of writing was $72, and may grow with time.
The yield so far will round up to 100 dollars, if I add the USDT accumulated from the Real Yield Pool. Must admit that the results are better than I expected, and I hope BSW will maintain the growing pattern. I love on-chain summer!
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