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Borshch Finance

Total Users
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Rewards
chest
chest
chest
chest
Volume
The fiat value of incoming dapp transactions over a period of time
- No data available.
Contract Balance
The total fiat value of assets in a dapp's smart contracts
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Category
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Blockchain
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Language
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News

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Cysic has suspended its crosschain bridge after an attacker created 10 million unauthorized CYS tokens on BNB Chain and converted part of the supply into assets moved toward Ethereum.
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Tando Nkube

What is Borshch Finance?

Borshch Finance — a growing and staking platform on the Binance Smart Chain. This allows you to stake your LP tokens and get insane rewards.

Contents:

  1. Description of the Borshch Finance project
  2. Additional Information about defi app

Description of the Borshch Finance project

The BorshchFinance block records all transactions on the blockchain. Once written, you can delete or change it. Miners, calculating these blocks, have an average processing time of 3 seconds per block.

A block reward - a reward, given over a certain amount of time (block, ~ 3 seconds).Borshch Finance

The block reward is set by the farm supplier and can be adjusted later to adjust inflation / deflation rates, etc. The block reward is set to 4. This means that 4 $ BORSHCH tokens will be generated every 3 seconds and distributed to favorite farmers.

Some features:

1 When a pool is created, certain distribution points are set for it.
2 All distribution points are added to the total distribution points.
3 The coin defi platform has also implemented additional features to ensure that the security and privacy of their members are well protected.

For example: there are 2 pools - BORSHCH-BNB and BORSHCH-BUSD. In the first of them, 30 points are set, in the second - 15. Totally, 45, which means that 66.66 ..% of all rewards will go to the first pool, and 33.3 ..% - to the second. In this case - 2.64 $ BORSHCH tokens will be distributed among BORSHCH-BNB farmers and 1.2 $ BORSHCH tokens will be distributed among BORSHCH-BUSD farmers every 3 seconds. 30X represents the distribution scores, mentioned earlier. You can sum all X's for all pools at borshch.finance and divide the desired pool allocation score by that amount to find out what percentage of the total rewards will be allocated to you in your pool.

Additional Information about defi app

At the moment, White Paper and RoadMap are not available on the site. The developers provide only a blog on the Medium platform. News articles will appear there.

If you want to stay up to date with all innovations, subscribe to the community on these social networks:

  • twitter;
  • telegram.

The smart contract doesn’t have an audit. The site interface runs in English and Chinese.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.