bEarn.Fi Releases its Latest Ecosystem Devolpment: bVaults

Overall, the team at bEarn has displayed constant innovation; they launched the first and most successful algorithmic stablecoin running on BSC, bDollar and now, bVaults to go along with it.

Goon Trades
February 10, 2021
Project Insight

The bEarn.Fi team is expanding and innovating across the Binance Smart Chain after successfully launching their algorithmic stable coin, bDollar. In this latest release, users can take advantage of bDollar rewards using automated vault strategies to maximize gains.

What are Vaults?

Vaults are the massively adopted term to represent the smart-contract strategies developed by yield optimizers. More elegantly put, bEarn.Fi optimizes bDollar rewards through a vault system; vaults serve as investment instruments, implementing procedures through smart contracts. These vaults automate the best yield farming opportunities. Vaults can perform the following actions: use assets as liquidity, provide assets as collateral for others, manage collateral to reduce odds of liquidation, use assets to generate a yield and compound profits. With the following actions, vaults allow users to automate their De-Fi farming experience completely.

bEarn.Fi bVaults

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The team has curated three vault strategies revolving around the BDO/BUSD, BDO/BNB, sBDO/BUSD LP’s which are integrated into the bDollar algorithmic stable coin. For those who are unfamiliar with the bDollar and the algorithmic stable coin model it adopts, check out the following article:

bEarn.FI Kicks Off Its Ecosytem With Their Algorithmic Stablecoin bDollar

The bEarn vault system utilizes the following auto-compounding vault strategy:

93.1% of profits are used to compound users LP tokens

--Half used to purchase BUSD or BNB

--Half used to purchase BDO or sBDO

6.9% profit for performance fee

--5.9% For BFI stakers

--1 For sBDO Boardroom

0% fee: harvest, deposit, withdraw

This strategy maximizes users’ gains through compounding a majority of earnings. On top of this, users who participate in both BFI (bEarnFi) staking and the Boardroom (bDollar) will receive full vault exposure. This system is powerful as vault earnings are used to incentivize and further grow the rest of the ecosystem. As the vaults generate income, a portion of that is distributed back to users who take advantage of these mechanics.

Currently, vaults are allowing users to earn upwards with attractive  APY. These vault rewards contain extra incentives that are paid out to users in BFI and BDO to incentivize early adopters of the vaults. These vaults are currently being polished in devolpment, so stay tuned to bEarn.Fi's twitter for when they go live.

Concluding Thoughts:

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The BSC has experienced parabolic growth in the past month, and it has not shown signs of any stoppage. Yield optimizers specifically have been one of the largest crazes, with multiple rallying over 1000%. The bEarn team is looking to capitalize on this market and introduce their innovative spin on yield optimizers. These specific vaults give users considerable exposure to the vault profits, maximizing users’ returns. On top of this, the bEarn system utilizes additional incentives to the vault, which has shown great success in Auto's case.Farm, up over 1000% in thirty days.

To play a bit of devil’s advocate, it is always good to think about saturation in these cases. What does bEarn offer that other vaults don’t? This article outlines the vault features and allows users to make their own informed decision. Granted the current market conditions, it is hard not to assume a yield optimizer will do amazing, but first movers advantage is a real thing.

Overall, the team at bEarn has displayed constant innovation; first with the first and most successful algorithmic stablecoin running on Binance Smart Chain, bDollar and now, bVaults to go along with it. A strong team behind a protocol always seems to make the difference in the case of De-Fi, and bEarn does just that. As the team continues forward, it is no doubt we will continue to see innovative features rolled out to all bEarn.Fi ecosystem users.

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Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

None of our articles are advice at the end of the day, and all financial decisions should be made on your behalf or from a professional financial advisor.

For more information, or if you wish to stay up to date on the project, check out their media and social media pages.

bDollar Protocol  

bEarn Ecosystem




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Goon Trades

Greg (GoonTrades) is BSC News' Chief Editor and is also a writer for the team. Currently enrolled as an economics major, he finds himself as a cryptocurrency researcher, writer, and technical trader.