Announcing LFI integration in BSCswap Stable & Timeline for Yield Farming with LFI
Dear BSCswap and LOA Protocol community,
LOA Protocol has started integration of LFI Vaults with the lending protocol and it will be integrated as a core engine of BSCswap Stable, a Curve.fi fork to provide deep liquidity and lowered price slippage while exchanging stablecoins like BUSD, USDT, and DAI.
The integration will be done on the ForTube lending platform https://bsc.for.tube/ so you will be enjoying yields from the interests generated from lending & borrowing.
The provided liquidity of BUSD, USDT, and DAI will be wrapped in an LP token called BAI Stablecoin and it will be used as a decentralized stablecoin itself, without the maintenance of the collateral assets unlike the stablecoins like Dai.
A convenience UI for wrapping into Bai will be provided by the BSCswap Stable Exchange and before the yield farming of LFI starts, you must wrap your stablecoins into Bai, provide liquidity into BSCswap, and you will be able to stake your LP tokens into the LaunchField Platform. https://pool.bscswap.com
Also, to sustain the price of LFI, we would like to also change the distribution of the LFI Farming Pool like the list below
Total supply allocated for farming with LP tokens ( 93% -> 43% )
2,150,000,000 LFI — LFI/BAI BSCswap LP Token ( 25x )
258,000,000 LFI — BNB/BAI BSCswap LP Token ( 3x )
258,000,000 LFI — BTC/BAI BSCswap LP Token ( 3x )
258,000,000 LFI — ETH/BAI BSCswap LP Token ( 3x )
258,000,000 LFI — BSWAP/BAI BSCswap LP Token ( 3x )
86,000,000 LFI — XRP/BAI BSCswap LP Token ( 1x )
86,000,000 LFI — BCH/BAI BSCswap LP Token ( 1x )
86,000,000 LFI — LINK/BAI BSCswap LP Token ( 1x )
86,000,000 LFI — DOT/BAI BSCswap LP Token ( 1x )
86,000,000 LFI — LTC/BAI BSCswap LP Token ( 1x )
86,000,000 LFI — ADA/BAI BSCswap LP Token ( 1x )
86,000,000 LFI — EOS/BAI BSCswap LP Token ( 1x )
86,000,000 LFI — MILK/BAI BSCswap LP Token ( 1x )
86,000,000 LFI — BHC/BAI BSCswap LP Token ( 1x )
50% of the LFI supply (5,000,000,000 LFI ) will be offered for staking LFI tokens like any other traditional PoS Staking but in longer-term, there will be a 1-year halving schedule for LFI — LFI Staking Pool.
BSCswap Stable and LFI Vaults will be opened in this week, we would like to open the farming of LFI on Nov 1st, 6 AM UTC +0.
We will let you know if we make any further updates, thank you!
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