The Pancake Bunny team is trying to support the underlying DeFi ecosystem by providing users with an easy way to increase their profitability automatically by using Binance's smart chain. The DeFi movement and profit aggregators saw a huge spike in activity in 2020. Rise of Yearn, which uses existing protocols such as Compound, DyDx and Curve, has influenced the development of various other yield aggregator projects on the Ethereum Network. The goal of the project - to expand the same interest through the Binance Smart Chain ecosystem.
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Description of the Pancake Bunny project
The key difference between Yield Farming on Binance Smart Chain - the low gas price. Through automation, Bunny allows people to enjoy the benefits of compounding without any additional steps. Pancake Bunny calculates the most optimal interest rate and merges your tokens automatically by using smart contracts. Bunny, like other yield aggregators at BSC, uses Pancake Swap as it is the most famous platform for Yield Farming. Bunny is constantly striving to create new innovative strategies to optimize profitability.
There are such pools now:
| 1. | BUNNY-BNB. |
| 2. | CAKE-BNB. |
| 3. | BUSD-BNB. |
| 4. | DAI-BNB. |
| 5. | USDC-BNB. |
| 6. | USDT-BUSD. |
In addition, you can see that there are maximizers on the website. These strategies allow users to profit from specific pools, and these profits are automatically added to the CAKE compounding pool, giving users much more revenue while protecting the principal.
Developers may devise new strategies to lift the cap or burn some tokens, however the team is currently focusing on growing the BUNNY token. You can earn BUNNY by using farms or you can buy BUNNY by using the zap function. Approximately, 13% of all BUNNY mints will be dedicated to development to ensure rapid innovation.
Additional information
At the moment, White Paper and RoadMap are not available on the site. The developers provide a large document, describing all features of the project. You will also find answers to questions and audit of a smart contract there.
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