|All Time High:|
|Market Cap: |
|The price of #BUNNY today is $0.08 USD.|
The lowest BUNNY price for this period was $0, the highest was $0.085, and the exact current price of one BUNNY crypto coin is $0.08486.
The all-time high BUNNY coin price was $515.
Use our custom price calculator to see the hypothetical price of BUNNY with market cap of BTC or other crypto coins.
|The code for Pancake Bunny crypto currency is #BUNNY. |
Pancake Bunny is 1.6 years old.
|The current market capitalization for Pancake Bunny is $1,286,395.|
Pancake Bunny is ranking upwards to #840 out of all coins, by market cap (and other factors).
|There is a modest volume of trading today on #BUNNY.|
Today's 24-hour trading volume across all exchanges for Pancake Bunny is $45,626.
|The circulating supply of BUNNY is 15,159,692 coins, which is 99% of the total coin supply.|
Note the limited supply of Pancake Bunny coins which adds to rarity of this cryptocurrency and increases perceived market value.
|BUNNY has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 3 crypto exchanges.|
|Note that there are multiple coins that share the code #BUNNY, and you can view them on our BUNNY disambiguation page.|
Compensation Plan: Phase 2
Mound Fam, The team has been hard at work in the immediate aftermath of the exploit to secure a substantial loan to construct a viable compensation mechanism. In order to acquit our commitment to compensate the community, the team has secured a loan of approximately $8.5M (KRW 100B). The team has taken on this direct liability to be able to generate returns with which to compensate the community. The team has allocated these funds to generate compensation through trading and farming activities managed by the team and by expert partners. The borrow interest rate has been negotiated at 10%. Our current APR is around 30% — rates can fluctuate, but we are targeting an annualized return of 20+% toward the compensation fund. We will be able to distribute compensation amounts at regular intervals throughout the year, but will need to run our models for a few more weeks to be able to optimize the claim intervals and other parameters of the models. We additionally are seeking further financing and investment along with the current plan. Thanks again for your patience. The team has taken on significant liability to meet its commitment to the community. Please stay tuned for further details as we refine our models.
The Next Chapter: DAO
Bunny Fam, As you are all aware, there was an economic exploit on the platform Qubit, resulting in approx. $80M loss of assets. In $80M, assets from both thousands of private users and Mound were included. Team Mound had been supplying about $10M in Qubit, which was the full operating capital. Due to this terrible incident, it became impossible to sustain the scaled development team. As a result, Bunny and Qubit protocols, which were primarily led by the development team, will be governed by DAO. Once the protocol is changed to DAO, the community will possess all relevant authority such as upgrading contracts, altering fee structure, and so on. We regret to inform you that we are unable to carry on the proposed roadmap. Below are the details that the team will perform when changing the protocol to DAO. Ceasing BUNNY Emissions The vaults on Bunny no longer mint BUNNY tokens. Ceasing Qubit Utilizing Vaults Leveraged Farming Vaults and Single Asset Vaults operated by borrowing assets from Qubit are no longer available.Qubit Leveraged Farming Vaults: No user assets were lost. The Exit is the only possible option since making an additional deposit is not available. Users who have never used these vaults will not see them on the interface.Qubit Single Asset Vaults: All assets users have deposited are lost. These lost assets are documented as assets to be compensated by the team, and thus the total compensation amount can be claimed on Qubit’s compensation website. Bunny Fee Structure Revision Bunny charges fees in exchange for providing users with various convenience functions such as leverage and auto-compounding. Fee structure discontinued:Leveraged Farming Fee: 3% from farming reward (e.g. CAKE) when harvestingLiquidation Fee: 5% from remains after repaying loansPot Fee: 10% from winning prizePrediction Fee: 3% from winning prizeFees to be raised from the upcoming investment goods (e.g.stBNB) Fee structure to be maintained:Unstaking Fee: 1% from only when unstaking within 72 hoursAuto-compounding Fee: 1% from farming reward (e.g. CAKE) when harvesting Collected fees are used for:Distribution to BUNNY Vault (Rewards from BUNNY Vault are given in BNB and BUNNY): 90%Adding Liquidity on BUNNY-BNB: 10% Launch of New Markets on Qubit New Markets will be launched on Qubit while the existing markets damaged by the hacking will be removed. The interface will be available on the Qubit website, where users can freely inquire about the amount of assets that have been damaged by Qubit’s hacking issue, as well as claim the accumulated amount of compensation. Bunny’s SAV users are also eligible to claim compensation on the website. polyBunny Updates Implementation of fee structure changes and token emissions cessation on polyBunny will be applied as the structures on Bunny. MND Vault BUNNY, polyBUNNY, and QBT in the MND Vault will be staked into each vault that collects fees.BUNNY: Staked into the vault where Bunny Fees are distributed.polyBUNNY: Staked into the vault where polyBunny Fees are distributed.QBT: Staked into the vault where Market Reserves are distributed. 15% of the total MND tokens held by the team will be provided as MND-BNB LP. Ceasing Bunny Pot Bunny pot will cease its operation this week. So the current pot will be the last draw, and the amount of donations in the pot allocated to the Team Mound will be used entirely for compensation. Moderators The team can’t retain the moderators anymore. The community channels will be maintained as usual for the users’ convenience and will continuously be monitored to assist the community in designating the user as a community manager. Conclusion All of the team’s tokens will be locked in the smart contracts owned by our community and the total profit generated by this contract will move to the compensation pool. This means that the entire protocol fees and reserves will be distributed to existing holders and relevant users to be compensated, and any further profits will no longer be shared with the team. In addition, the team will keep up the hard work to complete the compensation as soon as possible by concentrating on earning additional profits from external asset management. We, as a Bunny Team, will participate as a member of DAO. Thank each and every one of you for your unwavering support and ongoing faith in our Team Bunny despite the several obstacles.
PancakeBunny 2022 Roadmap
Mound Fam, Team Bunny would like to thank each and every one of you for your patience and understanding with regard to the release of the 2022 roadmap. — TL;DR. — Q1-Q2 Venus Single Asset Vaults, stBNB, Bunny Fee Structure Revision, Governance Revision, Forum, Busy Bunnies NFT Staking VaultQ3-Q4 Zap, Cross-chain, Investment Goods Suggestions, Asset ManagementQuarter 1 — Quarter 2Venus Single Asset Vaults Introducing new Single Asset Vaults (SAVs) on Bunny protocol! These SAVs are based on Venus and automatically compound the rewards:BNBETHBTCBUSDTBUSDNew! — Our stBNB Validator Vault Stake your BNB in our stBNB Validator Vaults to earn Validator returns of over 10% APY without the lockup! Those of you who have used the Lido service may be familiar with the stBNB token. Similar to stETH on Lido, Bunny will offer stBNB. In exchange for staking BNB, the user will receive stBNB. The staked BNB goes over to the Binance Chain and is delegated to validators. As a reward for delegating, the user can acquire BNB (APY over 10%). Using the Validator Vault has important advantages versus delegating BNB to validators directly!You can withdraw your BNB right away! stBNB can be swapped for BNB on Pancakebunny right away. When you delegate directly to Validators, there is a 7 day lock up for withdrawals! Bunny gives BNB and its profits that have been accumulated, in return for using stBNB to unstake (charging a small amount of fee).You get auto-compounding returns! If you delegate manually, you will have to manually re-delegate to compound your BNB rewards. Using Bunny the rewards will be automatically compounded and re-delegated.Collateralize stBNB to borrow assets on Qubit! the stBNB you acquired by staking BNB can be collateralized in Qubit, allowing you to utilize the BNB tied up to the vault right away. Through stBNB, users are not only able to receive BNB as rewards from delegating, but can also acquire tokens that are immediately liquid.Bunny Fee Structure Revision Bunny charges fees in exchange for providing users with various convenience functions such as leverage and auto-compounding. — Fee structure:. — Leveraged Farming Fee: 3% from farming reward (e.g. CAKE) when harvestingLiquidation Fee: 5% from remains after repaying loansUnstaking Fee: 1% from only when unstaking within 72 hoursPot Fee: 10% from winning prizePrediction Fee: 3% from winning prizeAuto-compounding Fee: 1% from farming reward (e.g. CAKE) when harvestingFees to be raised from the upcoming investment goods (e.g.stBNB) — Collected fees are used for:. — Distribution to BUNNY Vault (Rewards from BUNNY Vault are given in BNB and BUNNY)Adding Liquidity on BUNNY-BNB Initially, the fees may be shifted to Bunny Vault in order to maintain a suitable APY, but it will be gradually adjusted. — Reference:. — In order for the protocol to provide LP at a stable ratio, Team Bunny will make use of a certain portion of the Performance Fee to raise the liquidity of BUNNY-BNB. Also, there will be a contract (covering the raised portion of fees above) setup to be not withdrawable by the team without having agreement from the community. Farming rewards (CAKE) gained from BUNNY-BNB LP from the protocol will be used to buy back BUNNY which will then be split into two, transferred to the Marketing Treasury and the Burn Address.Marketing Treasury: 50%, used for strategic token swaps with other projects.Burn Address: 50% The detailed amount of Buy Back and Burn of BUNNY will be available to see on a new page at the pancakebunny.finance website.Governance Revision We have been focusing on various measures to improve and stabilize the protocol. There is still a need, however, to improve the flow of communication and ideas between the core team and the community. While we have grown a lot over the past year to enable better and quicker developments and responses, we are planning to create an environment where the community will participate more directly, making decisions for on- and off-chain governance.Forum (Scheduled in Jan) To improve our governance system, we will be implementing a Forum. Users will be able to create, discuss and vote on suggestions, and also track their progress. Once the Forum is implemented, governance will take place with the following structure:A subject is raised by the communityA topic for the subject is createdDiscussions and votesTeam Bunny contributes to the discussionDecision is reached Among the listed issues, if it is considered to have the entire Bunny holders’ community is required, we will request the proposal creator to list a vote. If the proposal creator does not have enough voting power, Team Bunny may list the vote instead. Rewards will be given to the initial proposal creator who helped to solve an issue or facilitate meaningful consideration. We believe all Bunny users are members of the Bunny Team. Your ideas and welcome and valued!Busy Bunnies NFT Staking Vault Benefits gained from staking Busy Bunnies NFT at a vault are as follows:Bunny Voting Power: about 0.2 BNB valued Bunny voting power is givenPrivate Vault & Opened Beta Tester: Investment goods will be exclusively shown to those who staked Busy Bunnies NFT. Not only that, upcoming goods to be released will be shared for earlier view/try.Fee Reduction — Unstaking Fee: 1% > 0.5% — stBNB unstaking fee: More information will be shared once the detailed fee structure is addressed.Quarter 3 — Quarter 4Zap — One-click for everything The initial purpose for launching the Bunny protocol was simple — to help investors farm yields with ease! In order to do so, we made it possible to easily create LPs and convert CAKE rewards to LP on a regular basis. This was an awesome innovation of user experience and convenience. However, as DeFi changes, the means by which investors can earn profits are always changing and simultaneously becoming more complex. Bunny will play a key role in making such steps easier and simpler.Cross-chain Cross-chain will provide chain-to-chain/interchain swap, yield-farming, liquidity providing, and other features within a single transaction. Users will be able to utilize investment goods from other chains in a single transaction on the Binance Smart Chain. Such innovation will significantly reduce the gas fees, service fees, and time spent navigating chains and other services.Investment Goods Suggestions Since DeFi is an industry full of new products and services that are being introduced every single day, users need to compare and choose the most suitable products among the various options. Bunny will revolutionize this process to make it simple, fast, and easy. — Example. — A user holding BNB in their wallet to invest in Bunny and is given 6 scenarios in total from A to F below:Asset Management Users have had to consider and mitigate liquidation risk inherent to utilizing lending protocols. Such factors cause users who desire stable returns to hesitate when looking to invest. However, Bunny will rebalance the assets at risk of liquidation to prevent them from being liquidated. Users with their assets put into Bunny will be free from the risk of liquidation and can benefit from auto-compounding.Conclusion Team Bunny is committed to being one of the leaders within the DeFi space. Additionally, we want to double down on our most key innovations — providing convenience and simplicity to crypto investors. With the help of the community, we firmly believe that 2022 will be an amazing year of growth and achievement. Please look forward to the updated roadmap and other developments! And remember, Bunny Fam, as always — Keep Calm and HOP ON! ABOUT PANCAKEBUNNY PancakeBunny is one of the most popular auto-compounding yield aggregators on the Binance Smart Chain. The BUNNY Ecosystem is an aggregation of projects and protocols, including Qubit, that serve as destinations for investors who wish to participate in the efficiencies and gains made possible by decentralized finance. Join the strongest community on the BSC here!
Important Voting Proposals
Mound Fam, There are a couple of important voting agendas regarding Bunny and Mound Vault prior to disclosing the 2022 roadmap. The voting will be held simultaneously, and the holders of certain tokens are all entitled to vote. — TL;DR. — Proposal to Adjust BUNNY Emissions (BUNNY holders)Proposal to Adjust BUNNY Fee Structure (BUNNY holders)Proposal to Adjust Mound Vault for MND-BNB LP (MND holders)Proposal to Adjust BUNNY Emissions BUNNY’s Tokenomics have been designed to distribute the highest profits to the users, and more than 100,000 users have used our platform. However, the complexity involved with continuing to deliver competitively high APYs in the current DeFi 1.0 era has given the team an impetus to consider new options this year. Given the mission to provide a sustainable source of profit for BUNNY holders, we do believe that it is the right time for the team and community to consider adjusting the BUNNY emissions model. Our proposal to adjust the inflation rate of BUNNY is presented below.Decrease the BUNNY Emissions:Leveraged Farming Vault, Single Asset Vaults (Lending): Vaults that allow leveraging mint more BUNNY, thus we will propose to remove the BUNNY minting parts which will result in a 6% decrease in the profits.Auto-compounding Cake Vault, LP Vault: Currently 70% LP profits + 36% BUNNY profits are given to the user. This will be adjusted to 100% LP profits + 0~6% BUNNY profits. This means Floating Rate Emissions (FRE) will no longer exist.BUNNY-BNB, BUNNY Vault: The emission rate will decrease when the new fee structure is in place and it can provide a stable enough APY. 2. No Change. We look forward to seeing the active participation of all BUNNY holders. Voting period: From January 12, at 09:00 UTC to January 17, at 09:00 UTC Voting Link: https://snapshot.org/#/pancakebunny.eth/proposal/0xc796b7b9f9e3c283a55ea41bf1cc9848dee9278058c2934d2b2ffc972d58106aProposal to Adjust BUNNY Fee Structure Unlike other protocols, Bunny has not been charging any fees. However, our proposals to sustain the stability of BUNNY Vault’s APY and to make staking more attractive to BUNNY holders are addressed as follows. Current fee structure:Leveraged farming fee: 3% of farmed rewards(e.g. CAKE) at the time of harvestLiquidation fee: 5% of remains after repaying loansUnstaking fee: 0.5% of total staking applied only when unstaking within 72 hours.Pot fee: 10% of the prizePrediction fee: 3% of the prize Proposed changes:Unstaking fee: Increase from 0.5 to 1%.(New) auto-compounding fee: 1% of farmed rewards(e.g. CAKE) at the time of harvest In order for the protocol to provide LP at a stable ratio, Team Bunny will make use of a certain portion of the Performance Fee to raise the liquidity of BUNNY-BNB, referring to the DeFi 2.0 cases. Also, there will be a contract (covering the raised portion of fees above) set up to not be withdrawable by the team without having the agreement of the community. Farming rewards (CAKE) gained from BUNNY-BNB LP from the protocol will be used to buy back BUNNY which will then be split into two, transferred to Marketing Treasury and the Burn Address.Marketing Treasury: 50%, used for strategic token swap with other projects.Burn Address: 50% The detailed amount of Buy Back and Burn of BUNNY will be available to see at pancakebunny.finance Options regarding the fee structure are as follows.Yes, we should adjust the Fee Structure as proposed.No, the Fee Structure should stay as it has always been. Voting period: From January 12, at 09:00 UTC to January 17, at 09:00 UTC Voting Link: https://snapshot.org/#/pancakebunny.eth/proposal/0xf9fdd43c5681201ab968e2128e7e7f802a22aa762799c884c133c3525d1b08ceProposal to Adjust Mound Vault for MND-BNB LP The Mound Vault was designed to capture and distribute the full value of our ecosystem directly to the community. The MND token in Mound Vault is a fixed-volume utility token, meaning that it has a fixed emission rate and is not minted over time by blocks or by transactions. We are well aware of the difficulties when it comes to trading MND due to the lack of liquidity. Therefore, we suggest modification of the Mound Vault to hold MND-BNB LP as a staking asset in order to secure liquidity and additional profits such as swap fees. If the vote passes, users will need to buy BNB to make MND-BNB LP tokens or sell half of their MND balance. Regardless of the voting result, the team will provide MND-BNB liquidity gradually. So feel free to vote for either option. Options regarding the revision of MND Vault are as follows:Modifying the MND Vault to MND-BNB VaultKeep it as Mound Vault as usual We would like to thank our community for making the initial suggestion for the above proposal. We look forward to seeing the active participation of MND holders. Voting period: From January 12, at 09:00 UTC to January 17, at 09:00 UTC Voting Link: https://snapshot.org/#/mndvault.eth/proposal/0x830eb8c5300a6862e82b40d6509fd8963660dfa840dd6ce8ce1a6d916889735fPolyBunny Renewal PolyBunny is a protocol on the Polygon network that was initially designed to match the performance of the BUNNY Tokenomics–one of the most successful tokenomics models on the BSC. While polyBunny regrettably has not performed up to our expectations, the experience played a key role in helping the team determine a smart, safe, and repeatable strategy for new network expansion. Team Bunny has long been considering all possibilities to come up with the best option that can essentially benefit the PolyBunny ecosystem and the holders with various utilities. We regret to inform the PolyBunny holders that the voting on polyBUNNY renewal will be conducted once a suitable solution is found. With that being said, any suggestions and ideations regarding PolyBunny Renewal are warmly welcomed.Concluding Remarks As always, thank you to the community for supporting our projects and for continuing to give insightful suggestions to our team. Team Bunny will keep moving forward to continuously injecting values to our platforms for those of the users who have been with us from the beginning with steadfast faith and support. And remember, Bunny Fam, as always — Keep Calm and HOP ON! ABOUT PANCAKEBUNNY PancakeBunny is one of the most popular auto-compounding yield aggregators on the Binance Smart Chain. The BUNNY Ecosystem is an aggregation of projects and protocols, including Qubit, that serve as destinations for investors who wish to participate in the efficiencies and gains made possible by decentralized finance. Join the strongest community on the BSC here!
Community Engagement Event
Bunny X 1000Blocks at app.1000blocks.space. — Bunny X 1000Blocks Community Engagement Event at app.1000blocks.space Bunny Fam, Happy New Year 2022! As a thank-you for being with us from the beginning, we are pleased to hold a special event for the community. We have created a Bunny Exclusive Space at app.1000blocks.space/x-bunny powered by 1000Blocks. The entire community is invited to participate! — TL;DR. — The Bunny Exclusive Space is for community members who want to take part in a new and exclusive opportunity to collaboratively create a unique piece of digital art! The top five most liked masterpieces will be minted by Team Bunny and will be airdropped to the associated creator with the Busy Bunnies NFT as winning prizes. Ten random winners will also receive Busy Bunnies NFT.An Example Bunny Pixel ArtDetails — Prerequisites. — Community members must follow PancakeBunny and 1000Blocks on Twitter to be eligible for participation in the Bunny Exclusive Space event. — Theme. — Anything related to Bunny (Busy Bunnies, Crypto Heroes Cab, etc)Your New Year’s ResolutionAny other Mound-related creative artwork — Period. — Bunny Exclusive Space can be found at app.1000blocks.space/x-bunny which will be active from December 31, at 12:00 UTC to January 14, at 12:00 UTC. — Prizes. — The Five most liked masterpieces and Five Busy Bunnies NFTs will be given to the associated creators.One Busy Bunnies NFTs will be airdropped to ten randomly selected participants.Step-by-Step Guide Step 1. Visit Bunny Exclusive Space at app.1000blocks.space/x-bunny Step 2. Enter your Twitter handle (ID) to verify that you follow PancakeBunny and 1000Blocks on Twitter.“Connect Wallet” in the upper right corner Step 3. Connect your wallet and carefully read the rules and guides before participating. Step 4. Click the CLAIM BLOCKS button in the upper right corner and choose the desired number of block spaces (maximum 9) to create your artwork. Step 5. Click the CONFIRM SELECTION button. Step 6. You can either upload an image or draw pixel art. Once you have uploaded or drawn your contribution, add a caption or link. Then click the APPROVE button to confirm your submission. Step 7. Click an artwork on the Space to open the image and Like your favorite work. Additional NotesEach block space costs 0.0042 BNB.The max limit of a single purchase is 9 blocks. To prevent the Space from overcrowing, there is a limit of 42 minutes between the purchase and the next.Any inappropriate images will be removed without notice.In case you want to remove the pixel you colored, simply click the pixel again.You may not be able to see the CLAIM BLOCKS button if you haven’t connected your wallet.Concluding Remarks We look forward to having an enormous rate of community engagement participating in the event and hope the community likes the event. Thank you as always for your steady engagement and support throughout the journey toward innovating in the Defi space. Happy New Year to all of you and may the New Year bring you happiness, peace, and prosperity. And remember, Bunny Fam, as always — Keep Calm and HOP ON! ABOUT PANCAKEBUNNY PancakeBunny is one of the most popular auto-compounding yield aggregators on the Binance Smart Chain The BUNNY ecosystem is an aggregation of projects and protocols, including Qubit, that serve as destinations for investors who wish to participate in the efficiencies and gains made possible by decentralized finance. Join the strongest community on the BSC here! ABOUT 1000BLOCKS 1000Blocks delivers a unique way for users to earn yields plus have fun in the process, and for companies to engage with their communities through the creation of Exclusive Spaces specific to their user base. 1000Blocks’ main purpose is to unite crypto communities in the creation of unique NFTs and reward art co-creators. Learn more about the 1000Blocks here!
Bunny 2021 Recap
Hello Bunny Fam, Thank you for sticking with us throughout this long Defi journey this past year. We’d like to take a look back at 2021 and highlight the work that our team has done toward being one of the most innovative projects in the DeFi space. — TL;DR. — Bunny Maximizer, SAVSecurityPolyBunny, Qubit, MNDPlay Tab: Pot, Arcade, NFT, Prediction MarketMultiplexerBunny 2021 Review — Bunny Maximizer. — Earlier in the year, we changed the reward distribution for BUNNY holders from WBNB to BUNNY in order to provide an auto-compounding vault that distributes BUNNY as a reward. As we innovate and develop new products, the future staking rewards and the form of fee distribution on Bunny are anticipated to be given in BNB as per the community’s request. Link: https://pancakebunny.finance/vault — SAV. — SAV, an acronym of Single Asset Vault, utilizes Qubit to multiply a user’s staked assets by approximately 2.5x. BUNNY’s use of Qubit to power the SAVs proves its ability to provide synergy and value within the ecosystem. In addition, SAVs utilizing Venus will also be added as we are aware that the request has been made by the community. Link: https://pancakebunny.finance/vault — pBUNNY & MND. — The pBUNNY token was created to compensate and revitalize the users who were at a loss due to the exploit. The Mound Vault and the MND token were designed to capture and distribute the full value of our ecosystem expansion directly to the PancakeBunny Community. As initially promised, 1 Million of the Team’s BUNNY, polyBUNNY, and 100 Million QBT have been added to the MND vault and are still generating profits. We are working hard to keep Bunny as our first and foremost priority. Once the Bunny ecosystem undergoes sufficient expansion via continued building and strategic partnerships, we will allocate an optimal share of related project tokens in order to continue adding value to the MND Vault. Link: https://mndvault.mound.finance/ — Security. — Our team continues to place maximum focus on security. Throughout the year, we have increased the frequency of audits and developed a bounty program with Immunefi.Peckshield Audit: Completed full smart contract audit on Sep 11, 2021Theori Audit: Completed full smart contract audit on Jul 30, 2021Hexlant Audit: Completed full smart contract audit on May 17, 2021Haechi Labs Audit: Completed full smart contract audit on Jan 18, 2021Chainlink: Token prices use Chainlink’s price oracle network providing the first line of defense against price manipulationImmunefi: Maximum bounty of $250,000, since Jun 28, 2021 — PolyBunny. — PolyBunny was our first initiative to launch a fork of the PancakeBunny BSC protocol on a new chain, with the best in-chain APYs that create user value through the optimal integration of the Bunny Distribution mechanism. PolyBunny has not performed up to our expectations, and thus, new business models are being considered. More information about this new model will be addressed in the upcoming voting agenda shortly. Link: https://polygon.pancakebunny.finance/pool — Qubit. — Qubit is Mound’s innovative DeFi lending protocol that is optimized to deliver lending as a utility for BSC. With zero withdrawal fees, Qubit not only reduces the cost of lending and borrowing for retail users but also enables PancakeBunny and other BSC yield aggregators to employ leveraged strategies to maximize Single Asset returns. Link: https://qbt.fi/app — Pot, Arcade, Prediction Market, & NFTs. — This year, we introduced Pot, Arcade, and other game features to raise the engagement of users on the site and to increase the utility of BUNNY. Thanks to your feedback, we will be adding features such as auto-participating and different token options to our Pots. Additionally, we will continue to work with partners to provide additional games, as we see blockchain gaming as a space where massive innovation is possible. Using the Cantata platform, we launched our NFT offerings: Busy Bunnies, Crypto Heroes Cab, and our 1st Year Anniversary NFT. With our partners in Cantata and the Trefethen Family Vineyards, we are poised to innovate this year in the areas of NFT utility and ‘Real-World’ NFTs. As we have said, this is the era of NFT 2.0! Links: Pot — https://pancakebunny.finance/pot Arcade — https://pancakebunny.finance/arcade Prediction Market — https://prediction.pancakebunny.finance/ NFT — https://cantata.io/collections Leveraged Farming: Multiplexer Leveraged yield farming allows farmers to maximize farming profits by borrowing additional liquidity to increase an asset position that has been provided as collateral. Bunny harnesses xLP of Qubit to open leveraged positions and consequently, will promote the utilization of the Qubit liquidity pool too. Be kindly noted that more vaults will be added in a timely manner. Link: https://pancakebunny.finance/vaultConcluding Remark We would like to thank the Bunny Fam for your steadfast support and for being together with us throughout this long journey. Our team has been working incredibly hard and is agonizing to put the community’s suggestions as to the first priority. Stay tuned for further updates about upcoming votes regarding Bunny, PolyBunny, and MND and the 2022 roadmap to be published accordingly in a few days. And remember, Bunny Fam, as always — Keep Calm and HOP ON! ABOUT PANCAKEBUNNY PancakeBunny is one of the most popular auto-compounding yield aggregators on the Binance Smart Chain The BUNNY ecosystem is an aggregation of projects and protocols, including Qubit, that serve as destinations for investors who wish to participate in the efficiencies and gains made possible by decentralized finance. Join the strongest community on the BSC here!
Mound Bulletin 12/18
Hey Mound Fam, Welcome to our weekly dev blog where we keep the Community up to date about what to expect in the coming week, and provide a quick recap of the previous week.Coming up: Qubit — X-Collateral X-Collateral will launch 20 Dec 2021 05:00 UTC+0 X-Collateral enables users to collateralize their assets from other blockchains. Starting with Ethereum, holders can use their approved assets to invest on the BSC and utilize its speed, efficiency, and low gas fees to maximize returns. For investors who have ETH on the Ethereum chain, this is the perfect feature to easily participate in BSC projects. Read the full article here.Last week recap: Leveraged Farming We just launched Leveraged Farming. Leveraged yield farming allows farmers to maximize farming profits by borrowing additional liquidity to increase an asset position that has been provided as collateral. Bunny harnesses the new xLP of Qubit to open leverage position and consequently, it will promote utilization of Qubit liquidity pool too. Read the full article and a guide here. polyBUNNY Claiming at the Mound Vault polyBUNNY farming rewards are now available for Claim at the Mound Vault. Visit the Mound Vault page to make your first claim. Binance MVBIII Team Qubit participated in a presentation day for Binance’s MVBIII Program. Highlights were the new xLP and X-Collateral features.About MOUND MOUND is the innovative team behind Pancake Bunny, one of the leading DeFi platforms on BSC. Team MOUND is composed of developers and entrepreneurs with extensive experience across games, social platforms, quantitative financial services, and blockchain projects.Official Bunny Finance Channels https://linktr.ee/bunny.fiBunny Finance One of the most popular auto-compounding yield aggregators on the Binance Smart Chain. https://pancakebunny.finance/
Leveraged Farming Opens on Bunny
Bunny Fam, We are excited to announce that leveraged yield farming is now available on Bunny. Leveraged yield farming allows farmers to maximize farming profits by borrowing additional liquidity to increase an asset position that has been provided as collateral. Bunny harnesses xLP of Qubit to open leverage position and consequently, it will promote utilization of Qubit liquidity pool too. As a yield farmer, this process is summarized by the following key steps: 1. Supply a supported single asset or LP token. 2. Set your level of leverage. 3. Choose the type of assets you would like to borrow. Please refer to the guide below to learn how to multiply your yield farming position as well as adjust your position on our user interface.Step-by-Step Guides How to engage in leveraged farmingGo to pancakebunny.finance and connect your wallet. 2. Select your desired vault for leveraged farming. 3. Enter the amount of assets you would like to supply and click “Next”. 4. Set the leverage level you would like to enter at. 5. Choose the type of assets and ratio you would like to borrow and click “Next”. 6. Click the Details tab to see your position breakdown and click “Confirm” to complete the transaction. 7. Go to the Dashboard to review the details of your position. Note that your position will be liquidated when your Debt Ratio exceeds the liquidation threshold.Frequently Asked Questions — Q. Are the vaults auto-compounding?. — A. Yes, the vaults are auto-compounding the profits. — Q. What are the risks associated with leveraged farming?. — A. There is a risk of Liquidation — in which your debt ratio reaches the Maximum Debt ratio allowed. At this point, your assets will be liquidated, or sold to cover the loss. Please see the table below. In such a case, a liquidation penalty of 5% from the remaining balance after repaying the loans is charged. ** Please note that the team is not responsible for liquidation due to market volatility and that everyone is responsible for managing their risk. — Q. What are the fee structures?. — A. 3% of the performance fee is automatically deducted from the Yield Farming APY. — Q. Where will the fees go?. — A. The performance fee of Leveraged Farming will go to the Bunny reward pool. and also the liquidation penalty will go to the Bunny reward pool. — Q. What is the maximum level of leverage?. — A. The maximum level of leverage varies depending on the vault. The CAKE-BNB Vault, ETH-BNB Vault, and USDT-BUSD Vault allow up to 2, 3, and 3x leverage levels, respectively. — Q. What vaults will be available at launch?. — CAKE-BNB ETH-BNB USDT-BUSD Once we are satisfied with the consistency and stability of these initial vaults, we will work to add additional vaults.About MOUND MOUND is the innovative team behind Pancake Bunny, one of the leading DeFi platforms on BSC. Team MOUND is composed of developers and entrepreneurs with extensive experience across games, social platforms, quantitative financial services, and blockchain projects.About PancakeBunny One of the most popular auto-compounding yield aggregators on the Binance Smart Chain. https://pancakebunny.finance/Official MOUND Channels https://linktr.ee/bunny.fi
Mound Weekly Bulletin 12/10
Hey Mound Fam, Welcome to our weekly dev blog where we keep the Community up to date about what to expect in the coming week, and provide a quick recap of the previous week.Coming up: Leveraged Farming We’re nearing our launch for leveraged yield farming on PancakeBunny. Leveraged yield farming is a mechanism that allows farmers to increase their farming position by first supplying a supported token, and then borrowing external liquidity to stake an increased amount. We’ll have a breakdown of the UI and parameters as well as documentation prior to our target launch of December 15th. Apologies for the delays. Qubit — X-Collateral Qubit’s X-Collateral is coming! This is a new feature that allows investors to borrow from one chain with assets from another chain as collateral. The key use case is for Ethereum holders to supply their ETH and then borrow on the tokens BSC in order to invest without dealing with the typically high gas fees on the Ethereum network. This is one of our team’s most anticipated features and a landmark step for the ecosystem. We’ll be ready to launch by the end of next week.Last week recap: Bunny x Trefethen NFT Collaboration You only have a few days to bid on the Crypto Heroes Cab collection on Cantata. Winners will receive the bottle with the corresponding NFT printed on the label (ETA early 2022 for custom printing). Our team is also working on entitlements such as whitelisting for subsequent drops or other privileges. Read the official post here. You can also visit Trefethen’s information page here.About MOUND MOUND is the innovative team behind Pancake Bunny, one of the leading DeFi platforms on BSC. Team MOUND is composed of developers and entrepreneurs with extensive experience across games, social platforms, quantitative financial services, and blockchain projects.Official Bunny Finance Channels https://linktr.ee/bunny.fiBunny Finance One of the most popular auto-compounding yield aggregators on the Binance Smart Chain. https://pancakebunny.finance/
Mound Weekly Bulletin
Hey Mound Fam, Welcome to our weekly dev blog where we keep the Community up to date about what to expect in the coming week, and provide a quick recap of the previous week.Coming up: Bunny x Trefethen NFT Collaboration Next week we’re launching our collaboration with the award-winning Trefethen Family Vineyards. The Crypro Heroes Cab collection features nine one-of-one NFTs which are linked to unique bottles with the corresponding NFT art as their labels. Read the official post here. BUNNY Leveraged Farming Leveraged farming (also known as the Multiplexer) will be available on PancakeBunny next week. This feature allows you to borrow liquidity and increase your yield farming position. The schedule was pushed back slightly. Look forward to a detailed article and documents early in the week.Last week recap: BUNNY on Qubit BUNNY token is now available on both the supply and borrow markets of Qubit. You can read more details here.About MOUND MOUND is the innovative team behind Pancake Bunny, one of the leading DeFi platforms on BSC. Team MOUND is composed of developers and entrepreneurs with extensive experience across games, social platforms, quantitative financial services, and blockchain projects.Official Bunny Finance Channels https://linktr.ee/bunny.fiBunny Finance One of the most popular auto-compounding yield aggregators on the Binance Smart Chain. https://pancakebunny.finance/