🦬INTRODUCTION

Welcome to BUL FINANCE , please take some time to read through this documentation before you begin using the protocol. This documentation is intended to take you through the entire process of how to get started using BUL FINANCE to earn safe secure stable, high yields that are only possible through the power of DeFi, but with the stability and security of exposure to BINANCE COIN (BNB).

Why BUL FINANCE ?

BUL.Finance believes in the potential of Binance Smart Chain network, and has chosen to align its mission to both provide value to and derive value from $BNB's future growth. In addition to existing and future use cases, $BUL aims to become one of the main medium of exchange on Binance Smart Chain : this is achieved by providing a mirrored, liquid asset to $BNB.

One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the BUL Finance team will maintain a focus on innovation around enhanced functionality and use cases.

How does it work?

The BUL Finance protocol works through a synergistic design of unique tokens and mechanisms that create an automatic, self-reinforcing system to help maintain the peg ( 100 BUL = 1 BNB).

• When BUL price is over the peg, new BUL are minted by the protocol to inflate the supply in an attempt to drive the price down towards the peg. These new BUL's are allocated to BULSHARE holders in the Boardroom, as a reward for their investment and trust in the protocol. This in turn increases the demand for and the value of BULSHARE.

• When BUL price is at the peg, no new BUL's will be minted, keeping the supply fixed during this time. Since there will be no new supply coming in, the peg will be maintained indefinitely at this point unless there is a shift in demand. More buying pressure during this time will push the price back up above the BUL minting threshold. Conversely, more selling pressure will push the price below the peg.

• When BUL price drops below the peg, the protocol will begin to mint BULBONDs (up to a maximum debt limit). Experienced investors will have the ability to exchange their BUL for these BULBOND, which they can then redeem for BUL at a premium above peg in the future. This removes BUL from the total supply, applying upward pressure on the price towards the peg. Besides this, investors who believe in the protocol's ability to maintain peg can just buy BUL to essentially purchase BNB at a discount to the market. Both of these incentives are intended to create upward pressure on BUL's price when under the peg so that the peg can be regained over time. BUL staking (xBUL), and other features of the protocol that will be discussed later, also help limit BUL supply and apply upward pressure on the price during this time.

What is the PEG?

BUL is a token that is intended to peg the price of Binance Coin (BNB) algorithmically. The ratio for this peg is set at 100 BUL to 1 BNB. BUL actively peg's via an algorithm, but that does not mean it will be valued at 100 BUL to 1 BNB at all times as it is not collateralised. BUL is not to be confused for a crypto or fiat-backed stablecoin.

The entire design of the BUL Finance protocol is intended to try and maintain this peg as closely as possible, but as it is an algorithmic peg, this will never be a completely stable process. In fact, some of the unique profit-generating opportunities offered by the protocol actually only exist because of these price fluctuations.

To put it simply, there will almost certainly be times when the price of BUL is below peg. This is a natural part of the process, and opens up opportunities for active investors/traders to "buy the dip" and help support the protocol by regaining peg, while also profiting from the discounted price.

Keep this in mind when developing your strategies and when taking a more active role in the protocol.