BonFi & Katalyo Release Dual-Yield Pools

Start diversifying your portfolio with new assets!

We are excited to bring you a long-requested feature — Multi-Yield Staking Pools. BonFi token holders will be able to claim rewards in different tokens. How does it work? Let’s take a look!

Multi-Reward System

We collaborated with the Katalyo team to build a scalable product that allows partner projects to deploy dual-yield DeFi products. Our multi-reward pool structure enables crypto projects to deploy DeFi pools that distribute token rewards in predetermined ratios of two different tokens.

In regular staking and liquidity pools, staking tokens will generally only yield a single predetermined reward token. With our solution, partners can deploy dual-yield pools at any given time with their unique parameters. Pool creators may set their APY rates, pool size, pool duration, and others terms and conditions. Additionally, they can select the tokens they want to be paid rewards in and distribute those rewards.

Multi-Yield Pools Use-case

A critical use case of multi-yield pools is slowly building exposure towards an asset (or multiple assets) that previously was impossible to yield farm. Rather than paying excessive amounts in trading fees and gas fees, users can cost-efficiently build exposure to a new asset in small increments. You will be able to diversify your portfolio with new cryptos and reduce portfolio risk and maximize potential yield rewards.

BNF-KTYLO Dual-Yield Pool Launch Details

The BNF-KTYLO Dual-Yield Pool will publicly launch in early June with the following configuration:

  • Staking Duration: 30 days
  • APY: 120%
  • APY Payout Ratio: 50/50 (BNF/KTLYO)
  • Total Contribution Pool Size: $500K
  • Max Contribution Per Participant: $10K per participant

Before the launch, we will invite a selected number of community members to join us with product beta testing. Users will be able to test the product on the test net to help identify potential bugs and vulnerabilities and optimize the user experience. Participants are rewarded with a token reward for their contribution. More details on this will follow in the coming days!

About BonFi

BonFi is a multilayered open finance liquidity mining service platform complemented by the AI-powered BonVest, a professional cryptocurrency liquidity mining solution. It expands the DeFi financial product offering by combining smart contract staking and a managed cryptocurrency liquidity pool to achieve sustainable benefits for users.

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