🦬FARMS
Last updated
Last updated
To have healthy liquidity pools for the BUL Finance protocol tokens, our LP farms have been seeded with BULSHARE to be distributed as rewards to LP stakers across a time period of 12 months. The total BULSHARE rewards are distributed from each farm as follows:
BUL-BNB LP: 35,500 BSHARE
BULSHARE-BNB LP: 24,000 BSHARE
Yes. Once the max supply of BULSHARE (59.5K) is reached, reward emissions end. This will happen in one year from when the BULSHARE farms started on February 15th, 2022. BULSHARE will always continue to print BUL in the Boardroom, though, as long as BUL remains above peg.
BULSHARE reward emissions for the current LP farms are scheduled to end on February 15th, 2023 once the total BULSHARE supply has been distributed.
When BUL is pegged at 100 BUL to 1 BNB, it is more akin to having exposure to a single asset (single staking) than to your traditional LP'ing experience, where you would run the risk of impermanent loss if one of the tokens went up in value and the other did not.
YES!!!! Let's look at an example: If BNB pumps in price, it won't "outrun" BUL, even if nobody is buying BUL at that time. The farm APRs will vary in terms of USD value, but the emissions won’t. This is something that wouldn't be possible with another 1:1 pegged asset like a stablecoin LP position, where the USD value is directly tied to the emissions. If BNB rises in USD value, BUL goes with it. Similarly, if BNB falls in USD value, BUL will be worth less in USD, but it won’t affect the peg.
The only thing that can change the price of BUL in terms of its BNB value (and as such, the peg) is buying and selling it.
