BNBYields.com – Yield Farm on Binance Smart Chain

2021-10-29 20:02

BNBYields is a yield farming protocol that seeks to take advantage of the Proof of Stake (PoS) capabilities of the Binance Smart Chain (BSC).

The platform focuses on its unique staking strategies that benefit users, taking advantage of the leverage offered by the host blockchain. Users can choose from a variety of staking plans, each with its own benefits and sets of guidelines concerning returns and staking periods.

Their smart contract code has been audited by Certik & Haze Crypto, verifying that it is secure for users.

The staking plans

Each staking plan on BNBYields consists of a certain number of days the user will stake their BNB, along with corresponding rewards. Users can directly earn BNB with BNB with no need to exchange for any other tokens.

Users receive larger returns for choosing a short staking period, with the percentage gradually dropping as the period extends. The Annual Percentage Returns (APRs) are set in their smart contract, meaning the amounts will never change.

Referrals

BNBYields has a 3-level affiliate program that rewards users for introducing new users to the platform. This program is similar to a chain: users are rewarded by bringing in a new user, and they are rewarded further by all referrals that stem from that initial invite. 

• Level 1: Initial invitee deposit reward: 5%

• Level 2: User invited by Level 1: 3%

• Level 3: User invited by Level 2:  2%

There are also plans for a proprietary Decentralized Finance (DeFi) platform and token, which will serve to mitigate user risk and reliance on BNB as the major token. This rewards system ensures a sustainable loop of growth and rewards – users are incentivized to share the platform, which will then compound into further benefits through the affiliate program.

Smart contract 

Smart contract | dApp Rradar | Audit Report (Certik) | Audit Report (hazecrypto)

Major milestones achieved

Just 72 hours of contract launch, BNByields.com got 1400+ BNB TVL into a contract.

70000+ members joined in Telegram group.

The post BNBYields.com – Yield Farm on Binance Smart Chain appeared first on BeInCrypto.

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