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In today's Decentralized Finance (DeFi) space, it would seem that there has been a growing emergence of complex protocols offering powerful use cases to only the most sophisticated of investors. Fees, a lack of knowledge, and failing to diversify have all been challenges keeping investors from engaging with these advanced DeFi platforms. Although some projects have attempted to solve this issue, they have reportedly fallen short when it comes to diversifying an investors portfolio thus failing to truly maximize returns.
This is the problem that the Bundle DAO protocol looks to solve. Bundle is a Decentralized Autonomous Organization (DAO) operating on Binance Smart Chain (BSC). Bundle looks to offer sophisticated protocol functionality without making the user go through the painstaking processes associated with sophisticated protocols.
Bundle DAO has also introduced their novel technology, the Smart Index or Bundles. The Smart Index looks to maximize investor returns by utilizing a dynamic set of underlying assets. The Smart Index will also be governed by well defined and deterministic operations to better maximize returns for investors.
A Smart Index can be thought of as an Exchange-Traded Fund (ETF) that looks to achieve value by implementing conditions such as: no centralized governance; assets can be added or withdrawn; fractional or transferable ownership of an instrument; and enabling full mobility of underlying assets. Bundle DAO aims to become a new, capital-efficient financial instrument for investors.
One of the key features of Bundle DAO is their value proposition. Like all protocols, what the protocol is able to do for investors is a major factor in whether or not the protocol is used. In the case of Bundle DAO, that means creating capital-efficient instruments (Smart Indexes) combined with rebalancing procedures and strategies.
The challenge when keeping a decentralized portfolio sufficiently diversified is balancing between compromising for centralization or taking on higher risks of impermanent loss through an unconstrained AMM-as-index model.
Bundle DAO looks to reduce impermanent loss while remaining decentralized by leveraging achievements made in the DeFi tech space while making use of various assumptions around an index.
Smart Indexes, or referred to here as Bundles, are non custodial crypto ETFs. As mentioned above, these decentralized crypto ETFs play a huge role in the Bundle DAO model. The Bundles will allow investors to diversify their portfolios by utilizing an adjusted AMM-as-index.
Bundle’s Automated Market Maker (AMM)-as-index will leverage Balancer’s multivariate weighted liquidity to allow rebalancing when needed. Not only that, but Bundle’s adjusted AMM-as-index will also help investors avoid the risk of arbitrage.
The Bundle protocol will also utilize their native token BDL to allow community governance. The utilities for the token include voting power for protocol governance, insurance staking for token / protocol rewards, and the ability to earn platform fees via token ownership.
Governance will allow users to determine contract upgrades, index initialization, index configuration changes and strategy whitelisting and creation. Bundle’s governance will be introduced over time as the protocol looks to fork Compound’s current governance implementations.
The BDL token will also have other use cases, as BDL will let users and investors pay fees on the protocol. There will be three types of fees: streaming fees (2%), exit fees (.5%), and work fees.
Very recently, Obelisk’s audit report for Bundle DAO was publicly released. There were two major findings particularly relevant to users. The findings showed that Bundle DAO will have some difficulty in accounting for certain non-standard token migrations. The issue number is #0018 for anyone interested in viewing. Additionally, the reporting found that non-standard ERC-20 tokens, specifically tax tokens, will not and cannot be included in a Bundle. This issue is #0005 in the audit report.
Bundle will also allow users to stake their BDL tokens to liquidity providers. This introduces additional earning opportunities aside from just holding a Bundle. Bundle DAO looks to create an ecosystem of opportunity and wealth creation for their community, and with the integration of staking, such a desired result should be achieved.
The Bundle token BDL will have a fairlaunch with a hard cap of 210 million tokens. According to Bundle’s Tokenomics medium article, 86.4% of their maximum supply will be distributed to the users of Bundle. Bundle has a well-defined 2-year token emission plan, which can be seen below.
In the image, Bundle’s decaying emission plan can be seen over their two year minting campaign. To incentivize early adopters, Bundle will also be tripling their 2 week bonus reward program.
8.6% of tokens released will be sent to funding development and building the core team.
5% of tokens will be sent to the Warchest for strategic expenses. This includes partnerships, audits, among other things.
Bundle DAO seems poised to become a long-term popular protocol on BSC. The platform has a real value proposition, that if executed without fault, could be hugely successful with investors. The problems that ‘Bundles’ would solve make them potentially tremendously valuable. If all goes according to plan, Bundle DAO could soon become one of the leading protocols on the BSC.
To learn more about Bundle DAO, visit their social media platforms:
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.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The team at Bundle DAO has purchased an advertisement package which includes this article. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
BakerySwap's official Merch shop is now live with many exciting collections available and more to be added in the future.
The Merch store — Baked Merch, displays BakerySwap’s new collection of apparel, accessories, with many other offerings to come.
“Stay tuned for new Featured additions! $BAKE it!” the protocol encouraged on their Twitter on July 27th.
The digital store comes with a plethora of unique displays and collections to keep users engaged. Along with the numerous collections, the website is user-friendly and easy to navigate. BakerySwap was the first Non-Fungible Token (NFT) exchange on Binance Smart Chain (BSC). Based on their popularity the merch shop comes at the right time for the platform to capitalize on a growing user base.
The new Baked Merch offers users a wide range of unique products and features. The digital store is powered by Spring, which is a simple solution for creating and selling products.
Currently, the Merch store has products based on three categories: apparel, accessories, and drinkware. More products will be added soon according to the BakerySwap team.
With just one click on each of the categories on the top right corner of the store’s page, users can see the different products available. Under the apparel category, Unisex/Men’s T-shirts, Women’s T-shirts, and hoodies & sweatshirts are up for sale. For accessories, phone cases are available, while drinkware features stylized water bottles.
The store is just a few days old but there is promise for its longevity considering its parent platform. Users can also find designs from featured artists like Irene Cerezo on the merch shop.
It also comes with a search feature that allows users to look up anything they want to buy and add it to their cart for delivery. Payment is straightforward, either by card or via PayPal.
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Binance Smart Chain (BSC) has selected the top 10 winners in their second Most Valuable Builder: The Big Bang of NFTs.
The winners were announced on July 29th and were detailed in BSC Matthew’s Binance Chain blog post. The competition started in late April and whittled down the Most Valuable Builder’s from over 500 projects.
“The MVBII was subtitled The Big Bang of NFTs to show that we will focus primarily on NFT+DeFi development in the second round,” explained BSC Matthew in the blog.
In the past few weeks here at BSC.News we’ve been lauding the incredible advances made by NFT Gaming projects. Judging by the winners we were right to do so.
The projects show no sign of decline, as at the time of writing they currently account for more than half of the entire daily transaction volume. We can put this in context when we understand that the BSC Network currently processes 800% more transactions than Ethereum. Incredible!
It is impossible to overstate the energizing effect of MVB II on the BSC ecosystem. The shortlisted projects achieved a total of more than 500,000 active addresses with $16Bn in transacted volume from May to July 2021, during the competition itself.
Aside from the immediate injection of interest the competition provides, there is a substantial $10,000 grant. An opportunity to strengthen security via Certik through a sponsorship. And arguably the most important, a priceless opportunity for an exclusive incubation workshop with industry experts.
There is also added potential for a direct listing in the Binance Innovation Zone and the incredible investment opportunities that come with that.
The Big Bang of NFTs focused primarily on the development of NFT+DeFi.
The initial phase began on May 1st, and oversaw over 400 applications from all over the world. Each project was given ample attention and put through a scrutinising process that carefully observed performance. A top 20 projects would be identified based on a strict criteria:
Product innovation: What does the project propose that is unique? Is this project competitive, and does it provide new features and products?
Security: Each project must have at least one completed team security certification or audit from independent BSC ecosystem partners.
Community & users: This includes the number of active users in the community, chain address activity, and regular users.
Transaction volume: Here, we looked at the transaction volume over different periods.
(The criteria is taken as specifically defined by the brilliant team at Binance)
The second phase saw the top 20 undergo even more scrutinous standards, as the projects are expected to be the most demanded applications in NFT+DeFi, dApps or Infrastructure in the BSC Ecosystem. Popularity is a must.
Security is then investigated as despite the huge number of Daily Active Users (DAU, Total Volume Locked (TVL), and Liquidity, projects are expected to hold up in terms of offering protection.
Finally, communication was understood as a key aspect. It was important to garner community strength via different media channels, including but not limited to Twitter, Telegram, Discord and Medium. Often underplayed, this communicative aspect is what binds these projects together, and the second phase of the competition accounted for that.
The platform seeks to offer complex functionality with a simplified interface for users, eliminating the most difficult steps in the process.
In today's Decentralized Finance (DeFi) space, it would seem that there has been a growing emergence of complex protocols offering powerful use cases to only the most sophisticated of investors. Fees, a lack of knowledge, and failing to diversify have all been challenges keeping investors from engaging with these advanced DeFi platforms. Although some projects have attempted to solve this issue, they have reportedly fallen short when it comes to diversifying an investors portfolio thus failing to truly maximize returns.
This is the problem that the Bundle DAO protocol looks to solve. Bundle is a Decentralized Autonomous Organization (DAO) operating on Binance Smart Chain (BSC). Bundle looks to offer sophisticated protocol functionality without making the user go through the painstaking processes associated with sophisticated protocols.
Bundle DAO has also introduced their novel technology, the Smart Index or Bundles. The Smart Index looks to maximize investor returns by utilizing a dynamic set of underlying assets. The Smart Index will also be governed by well defined and deterministic operations to better maximize returns for investors.
A Smart Index can be thought of as an Exchange-Traded Fund (ETF) that looks to achieve value by implementing conditions such as: no centralized governance; assets can be added or withdrawn; fractional or transferable ownership of an instrument; and enabling full mobility of underlying assets. Bundle DAO aims to become a new, capital-efficient financial instrument for investors.
One of the key features of Bundle DAO is their value proposition. Like all protocols, what the protocol is able to do for investors is a major factor in whether or not the protocol is used. In the case of Bundle DAO, that means creating capital-efficient instruments (Smart Indexes) combined with rebalancing procedures and strategies.
The challenge when keeping a decentralized portfolio sufficiently diversified is balancing between compromising for centralization or taking on higher risks of impermanent loss through an unconstrained AMM-as-index model.
Bundle DAO looks to reduce impermanent loss while remaining decentralized by leveraging achievements made in the DeFi tech space while making use of various assumptions around an index.
Smart Indexes, or referred to here as Bundles, are non custodial crypto ETFs. As mentioned above, these decentralized crypto ETFs play a huge role in the Bundle DAO model. The Bundles will allow investors to diversify their portfolios by utilizing an adjusted AMM-as-index.
Bundle’s Automated Market Maker (AMM)-as-index will leverage Balancer’s multivariate weighted liquidity to allow rebalancing when needed. Not only that, but Bundle’s adjusted AMM-as-index will also help investors avoid the risk of arbitrage.
The Bundle protocol will also utilize their native token BDL to allow community governance. The utilities for the token include voting power for protocol governance, insurance staking for token / protocol rewards, and the ability to earn platform fees via token ownership.
Governance will allow users to determine contract upgrades, index initialization, index configuration changes and strategy whitelisting and creation. Bundle’s governance will be introduced over time as the protocol looks to fork Compound’s current governance implementations.
The BDL token will also have other use cases, as BDL will let users and investors pay fees on the protocol. There will be three types of fees: streaming fees (2%), exit fees (.5%), and work fees.
Very recently, Obelisk’s audit report for Bundle DAO was publicly released. There were two major findings particularly relevant to users. The findings showed that Bundle DAO will have some difficulty in accounting for certain non-standard token migrations. The issue number is #0018 for anyone interested in viewing. Additionally, the reporting found that non-standard ERC-20 tokens, specifically tax tokens, will not and cannot be included in a Bundle. This issue is #0005 in the audit report.
Bundle will also allow users to stake their BDL tokens to liquidity providers. This introduces additional earning opportunities aside from just holding a Bundle. Bundle DAO looks to create an ecosystem of opportunity and wealth creation for their community, and with the integration of staking, such a desired result should be achieved.
The Bundle token BDL will have a fairlaunch with a hard cap of 210 million tokens. According to Bundle’s Tokenomics medium article, 86.4% of their maximum supply will be distributed to the users of Bundle. Bundle has a well-defined 2-year token emission plan, which can be seen below.
In the image, Bundle’s decaying emission plan can be seen over their two year minting campaign. To incentivize early adopters, Bundle will also be tripling their 2 week bonus reward program.
8.6% of tokens released will be sent to funding development and building the core team.
5% of tokens will be sent to the Warchest for strategic expenses. This includes partnerships, audits, among other things.
Bundle DAO seems poised to become a long-term popular protocol on BSC. The platform has a real value proposition, that if executed without fault, could be hugely successful with investors. The problems that ‘Bundles’ would solve make them potentially tremendously valuable. If all goes according to plan, Bundle DAO could soon become one of the leading protocols on the BSC.
To learn more about Bundle DAO, visit their social media platforms:
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.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The team at Bundle DAO has purchased an advertisement package which includes this article. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
