Article Summary, Automatically Generated By AI
Summary of PancakeBunny (BUNNY)
Key Points
- PancakeBunny is a decentralized finance (DeFi) yield aggregator and optimizer for Binance Smart Chain.
- It supports PancakeSwap (CAKE) and Venus (XVS), and will soon launch on Polygon (MATIC).
- The platform allows farmers to reap the benefits of auto compounding.
- PancakeBunny is one of the largest yield aggregators across ETH and BSC in terms of TVL.
- The primary goal is to support the DeFi ecosystem by providing users with an easy way to automatically increase their profitability on Binance Smart Chain.
Founders and Team</h3
About Pancake Bunny: A Revolutionary DeFi Platform
PancakeBunny (BUNNY) is a decentralized finance (DeFi) yield aggregator and optimizer, specifically designed for the Binance Smart Chain, currently catering to PancakeSwap (CAKE) and Venus (XVS), with an upcoming launch on Polygon (MATIC). By leveraging the PancakeBunny protocol, farmers can capitalize on the advantages of automated compounding.
PancakeBunny stands out as one of the largest yield aggregators across both the Ethereum and Binance Smart Chain networks, boasting an impressive Total Value Locked (TVL). By granting permission to private individuals, farmers on PancakeBunny can leverage mono-contracts to automate the aggregation and reinvestment of their yields. While users have the option to farm independently, this approach entails a intricate process of identifying the optimal frequency and timing for maximizing profitability. PancakeBunny simplifies this complexity by delegating the process, with the actual farming operations taking place on PancakeSwap and Venus.
The primary objective of the platform is to empower the DeFi ecosystem by providing users with a seamless means of automatically augmenting their profitability on Binance Smart Chain, thereby democratizing access to decentralized finance and bridging the gap for a broader audience.
The Visionaries Behind PancakeBunny: Unveiling the Founding Team
PancakeBunny is the brainchild of MOUND, a visionary team behind one of the premier DeFi platforms on the Binance Smart Chain. Driven by a mission to democratize access to high-yield returns, MOUND is dedicated to putting the power of compounding in the palm of everyone’s hand. The team, comprising seasoned developers and entrepreneurs with a proven track record of success in gaming, social platforms, quantitative financial services, and blockchain applications, is committed to creating value through innovative products (such as the $BUNNY tokenomics and the Cake Maximizer) and an unwavering focus on user experience. MOUND’s impressive product portfolio boasts Single Asset Smart Vaults, ETH-BSC Cross-Chain Farming, and a cutting-edge Lending Service called Qubit. The team is currently expanding its reach to Polygon, introducing an innovative financial product – the MND token – which will enable users to reap the benefits of all MOUND’s projects by holding a single token. Notably, MOUND has secured a strategic investment partnership with Binance Labs.
Unveiling the Distinctive Charm of PancakeBunny (BUNNY)
As the masters of their domain, holders of BUNNY tokens wield significant influence over the PancakeBunny ecosystem, reaping the lion’s share of profits from farming rewards. By staking their tokens in the BUNNY staking pool, participants can claim their rightful share of the spoils, which are distributed in the form of Binance Coin (WBNB) rewards. The proportion of profits allocated to each participant is directly correlated to the magnitude of their BUNNY stake, with those holding larger stakes exerting greater sway over the ecosystem. Furthermore, BUNNY holders are empowered to exercise their voting rights on the snapshot page, where they can voice their opinions on various proposals.
What is the Circulating Supply of PancakeBunny (BUNNY) Coins? Notably, the BUNNY token does not have a predetermined maximum supply. Instead, the protocol employs a unique mechanism wherein every time 30% performance fees are collected and distributed to BUNNY holders, it mints an additional 36% of BUNNY tokens at the prevailing market price, thereby ensuring competitive compensation for liquidity providers.
The token’s fee structure is as follows: a 30% performance fee is allocated for the processing of BUNNY transactions, while a 0.5% withdrawal fee is levied in the event of a withdrawal within 72 hours of deposit.
A 30% performance fee is allocated to BUNNY stakers, fostering a sustainable and long-term ecosystem for PancakeBunny. In return for this fee, users of non-BUNNY pools receive a 36% profit share in BUNNY upon claim or withdrawal, effectively providing a 6% bonus incentive.