Dear BSCswap and LOA Protocol community,
We will be opening the LFI ( LOA DeFi ) Yield Farming pool on our LaunchField ( https://pool.bscswap.com ) on next week, with support of BAI Stablecoin, an LOA DeFi powered decentralized stable coin backed by many stablecoin assets like BUSD, USDT, and DAI.
BAI will be able to utilize yields when providing liquidity on BSCswap Exchange, it will lend the provided stablecoin assets to lending protocols like ForTube, and it will collect yields and give it back with extra interest collected when unwrapped.
Please note that before launching LFI Yield Farming we will also launch BSCswap Stable Exchange which is a fork of Curve.Fi to mint and unwrap BAI, and enhance exchange experience when switching between multiple stablecoins.
Also, like YFI, the LFI Yield Farming will be provided in short term to avoid inflation being created over time, following is the supply allocation for supported LP Token staking on BSCswap Exchange. ( Total of 93% of the LFI supply) ( 9,300,000,000 LFI )
4,650,000,000 LFI — LFI/BAI BSCswap LP Token ( 25x )
558,000,000 LFI — BNB/BAI BSCswap LP Token ( 3x )
558,000,000 LFI — BTC/BAI BSCswap LP Token ( 3x )
558,000,000 LFI — ETH/BAI BSCswap LP Token ( 3x )
372,000,000 LFI — XRP/BAI BSCswap LP Token ( 2x )
372,000,000 LFI — BCH/BAI BSCswap LP Token ( 2x )
372,000,000 LFI — LINK/BAI BSCswap LP Token ( 2x )
186,000,000 LFI — DOT/BAI BSCswap LP Token ( 1x )
186,000,000 LFI — LTC/BAI BSCswap LP Token ( 1x )
186,000,000 LFI — ADA/BAI BSCswap LP Token ( 1x )
186,000,000 LFI — EOS/BAI BSCswap LP Token ( 1x )
186,000,000 LFI — MILK/BAI BSCswap LP Token ( 1x )
186,000,000 LFI — BHC/BAI BSCswap LP Token ( 1x )
5% Fees on LP Token for every harvest & withdraw request from Staking Pool will be collected. Also, collected interest from Airdropped tokens like The Force Protocol token or the collected fees from Staking Pool and BSCswap exchange will be used to buyback and burn LFI tokens as well. We will keep the buyback of LFI with the collected interest from BAI Stablecoin whenever the Yield Farming pool ends the distribution.
A detailed timeline will be provided by next monday, thank you!
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