Pandayield — Weekly Digest 02/28

Pandayield

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Pandayield

4 min readFeb 28, 2021

Welcome to another Pandayield weekly digest, your one, and most important Pandayield information hub.

Market state

As you may have noticed, the crypto market crashed this past week.

Bitcoin went from 58k to 44k in a week.
ETH went from $1988 to $1337
BNB went from $265 to $207

Suffice to say that the crypto market is dumping, and obviously, yield farming / AMM platform’s tokens are also suffering.

These movements are normal in the crypto market (and in every aspect of life generally). If there is a pump movement, then certainly, there is a dump one as well. There can’t be a perpetual pump, so investors shouldn’t worry because there won’t be a constant dump either.

Now, if pumping serves to sell tokens, then dumping serves to buy tokens. What we meant is that maybe it’s the right time to invest. However, we want to emphasize that investors shouldn’t invest in “crypto” but rather invest in the technology, precisely the blockchain technology, that will change the way we live. It’s time to dig projects and truly understand the mindset and the vision behind a project instead of rushing after hype and buzzword. Furthermore, we can’t stress this enough but investors shouldn’t believe in us but rather believe in blockchain technology.

By the way, Pandayield team will always answer your questions regarding our vision, mindset, and philosophy, so feel free to ask tons of questions!

Disclaimer: no financial advice, only vision advice.

What happened this week?

First of all, we’ve released 21 new pairs pools. The users can invest in BNB and BUSD based pairs pools now. We would like to invite the community to suggest other pairs pools you would like to see on Pandayield through the voting feature.

While deploying the new pairs pools, we encountered some APY/APR display and miscalculation issues on Pandayield. We took a little bit of time to fix that issue because we had an important team meeting to plan for the next steps. You can read about our behind-the-scene story on Reddit.

We also worked on the Dashboard this week. Unfortunately, we couldn’t release it as we faced some hardships developing it. We actually have the general format, but the more we wanted to add, the more complex it became. The postpone is crucial so we can release an exclusive, superior, and much-needed feature.

We got a version of the final report from Certik’s audit. Once everything is settled about it, we will release the full report. (Certik Audit deserves its own article)

Next week plan

We are in discussion about an exciting partnership with a listing platform. Next week we will probably close that partnership discussion and announce it to both communities.

We will release the Dashboard.

We will disclose the Certik Audit Full report.

We will work on the litepaper interface. We plan to make the litepaper very unique with its own interface that will become a hub that provides various information (educational, tutorial, litepaper, roadmap, dev tools and support)

We will announce the next Limited Edition Panda Token with its conditions and requirements.

We also have an event for world wildlife day (3rd of March)

Burning BBOO token

We have burnt 1380 BBOO this week. First, we burnt 500 BBOOs followed by 880 BBOOs two days later. We are well aware that for some community members, it doesn’t represent much; however, it’s a start. We don’t see the necessity of burning too much right now as some burning mechanisms will be implemented soon. We want to focus on building a lottery that will be provable fair for all the users and enhance the user experience on Pandayield.