BUNNY Staking Farm¶
In this farm, users can stake using their BUNNY tokens, while getting back WBNB. The APR for this farm is dependent on the performance of all the other farms, since the 30% performance fee on other farms are what is collected and given out as the reward/roi for the BUNNY staking pool. BUNNY Pool has no withdrawal fee and no performance fee.
In this farm, users can deposit BUNNY/BNB and earn even more BUNNY tokens. There should be a withdrawal fee of 0.5% if withdrawn within 72 hours.
CAKE Auto Compounding Farm¶
The CAKE farm is where you can reap the benefits of automating compounding and the high APY. There should be a withdrawal fee of 0.5% if withdrawn within 72 hours. The 30% performance fee is collected but for every 1 BNB in fees collected, we give 15 BUNNY, so you’re getting free money.
Rest of PancakeSwap Farms¶
Currently we have CAKE-BNB, ETH-BNB, BTCB-BNB, BUSD-BNB, USDT-BNB, DAI-BNB, USDC-BNB, VAI-BUSD, USDT-BUSD pools, which exist on Pancakeswap. Our smart contracts automatically compound your investments, giving you a higher APY. For these pools, as profit you will be getting the respective LP Token of the pool, as well as BUNNY tokens. 30% of profits will be collected and given as BUNNY tokens. For every 1 BNB collected, we give 15 BUNNY. There should be a withdrawal fee of 0.5% if withdrawn within 72 hours. Currently you can only claim your profits, if you claim & exit the pool. We may change this in the future.
Maximizer PancakeSwap Farms¶
The Maximizer farms takes the profits that come out of the original compounded Pancakeswap farm, and puts it into the CAKE auto-compounding farm, in order to give you a higher apy, while protecting your principal. There should be a withdrawal fee of 0.5% if withdrawn within 72 hours. With the Maximizer Farms, users can claim their profits, without exiting the farm.
According to our test calculations, assuming that CAKE price stays constant, USDT-BNB Farm APY is 30%, and CAKE APR is 300%, then the APY of someone who deposits into the “Yield Maximizing USDT-BNB Farm” would be 189.9%. This is much higher than the 30% achieved by simply compounding USDT-BNB, yet the risk is very minimal. The only risks would be if CAKE price drops significantly, or if the CAKE APR drops as well. That being said even if the CAKE price drops significantly the principal amount invested in USDT and BNB would still be the same. Similar to our regular farms, in order to fully benefit from the compounding effect, a user must have the patience to sit back and watch their money grow exponentially over time. One small complication is that because of the way the new yield maximized farms are coded through back end development, the yields earned daily (24 hour period) get distributed the next day on a rolling cycle. This means that users who deposit from day 0 to day 1 would be at a slight disadvantage as they would not be able to receive their fair share of yields for the first 24 hours. To mitigate this effect we plan on giving these early users some BUNNY to compensate for the lost yields. The graph below illustrates the difference in returns between the original Stable-BNB farm and the new Yield Maximizing Stable-BNB farm.
We have provided the mathematical formula for calculating the total geometric sum. Feel free to use it to personalize your calculations.
Single Asset Smart Vaults¶
Currently, our single asset vaults feature BNB, ETH, BTCB, USDT, and BUSD. The new Smart Vaults provide users with opportunities to earn interest safely without losing their principal. The loan interest rate model follows TripleSlopeModel. (Source code for AlphaHomora v1 was forked and partially modified.) Any principal amount in these smart vaults that is not used directly for cross chain will be managed and invested in Venus. When cross chain goes live, the single asset vaults will provide liquidity for ETH users, resulting in the loan interest rate model below.
0%-50% utilization has interest rate of 10%
50%-95% utilization has interest rate of 10%-25%
95%-100% utilization has interest rate of 25%-100%
These Vaults will be the first to use Venus on our platform, exemplifying our goals of diversifying and optimizing yields from various DeFi Platforms. Our Smart Vault will automatically calculate the interest rate and adjust leverage dynamically. (e.g. If borrowing interest is high, we simply deposit into venus. Otherwise, we borrow again, redeposit, and repeat.) This is quite different, and much more innovative than the current single asset Venus vaults that exist on other yield aggregating platforms since we optimize and adjust the leverage, while providing liquidity for our future cross chain product.
Farm profit breakdown¶
For all of the non Bunny farms, keep in mind that everything is being compounded in the respective token before withdrawal. I.e. cake compounding farm, cake is the only thing being compounded. The same applies to cake maximizer, flip vaults, etc… In this example we will use the cake auto-compounding farm. At the time of withdrawal, 30% CAKE profits will be calculated into the $ equivalent of bnb. For every 1 BNB this equals to 15 BUNNY is minted and given. The UI breakdown of Cake and Bunny rewards is just an approximation, and will differ greatly depending on the exact time of withdrawal/claim. Please see the example below for calculation purposes. -User A deposits 1000 CAKE, and earns a profit of 100 CAKE when he decides to withdraw. At the exact time of withdrawal, CAKE is $18, BNB is $360, and BUNNY is $25. As such User A will receive 70 CAKE as well as (((30 CAKE x $18)/$360) x 15 BUNNY) = 22.5 BUNNY.