Pandayield update 03/20
Following the community decision on two proposals, Pandayield is updating the multiplier on the BBOO pairs pools.
First proposal
Deactivation of non-BBOO pools.
Start date: March 8, 2021, 4:00 PM
End Date: March 12, 2021, 4:00 PM
Result
Reduce non-BBOO multipliers 0.1X: 98.79%
Yes, Deactivate non-BBOO pools: 1.21%
No, keep those non-BBOO pools: 0%
Implementation
For this proposal, instead of reducing only 0.1X, we decided to reduce to X2 for BNB pools.
Second proposal
Increase yield farm multipliers on main trading pairs.
Start Date: March 2, 2021, 3:37 PM
End Date: March 12, 2021, 3.37 PM
Result
Agree, we need more liquidity: 99.53%
Disagree, keep things the same: 0.47%
Implementation
Based on this proposal, we’ve developed an exciting idea to make the community unify to increase the multiplier.
We are introducing a new algorithm:
Sqrt(TotalLiquidity)/20
It will then be rounded down to the following ceiling number.
For example:
- 100k liquidity (USD) = X15
- 200k liquidity = X22
- 500k liquidity = X35
- 1M liquidity = X50
Take a look at the farm goals on this page.
We are deploying this new algorithm on BBOO-BUSD / BBOO-BNB / BBOO-BTCB. If it goes well, we will expand to other BBOO pairs.
The multipliers will be adjusted once a week (every Sunday). We have to do it manually for safety purposes, but once the mechanism is stable, it will be automatic and instant (the most instant as possible as there is a 12 hour Timelock).
Why is it an exciting idea?
- Because first of all, it leads the community to unify to reach a target together.
- It also adds a type of gamification to the farming pools.
- It will adjust the distribution, which will highly enhance Pandayield.com platform and user experience.
Pandayield is an AMM/Yield Farming platform built on Binance Smart Chain by the most trustworthy team. It enables the users to stake and earn crypto.
Start to earn BBOO today on Pandayield.com!
