Bunny Finance

From DefiLlama
Jump to navigation Jump to search

Bunny Finance is a defi yield farming aggregator and optimizer for Binance Smart Chain (BSC) and Ethereum (ETH).

What is the BUNNY Token?

BUNNY Token is our native governance token. BUNNY holders govern our ecosystem and receive the majority of farm performance fee profits. Holding/Staking BUNNY is not only beneficial for individual profits, but also ensures the Bunny Ecosystem runs smoothly.

Where does BUNNY come from?

  • BUNNY is minted via the project’s smart contracts.
  • When the user executes a Claim on their profits in a given Pool, they receive 70% of the profit’s value in the respective auto-compounded farm token, and receive 30% of the profit’s value in BUNNY.
  • This 30% worth of profit is calculated in $ equivalent of BNB, and for every 1 BNB the user gets 15 BUNNY.

What are the fees of the Protocol

Withdrawal Fee

There is a 0.5% withdrawal fee from Farms only if a Withdrawal happens within 72 hours of deposit. This fee exists to maintain the smooth flow of the ecosystem and to prevent possible exploitation from individuals acting under bad faith. For example if there was no 0.5% withdrawal fee within the 72 hours, someone could keep depositing right before the compounding takes place and withdraw right after and still reap the same benefits and continuous long-term holders.

Performance Fee

When you choose to Claim profits from a pool, a 30% performance fee is collected to reward BUNNY stake holders. In return, all pools are rewarded with BUNNY tokens. For every 1 BNB in fees collected, 15 BUNNY is rewarded.

Who is behind Bunny?

The Bunny Project was created by a team of developers and blockchain specialists! Like all other Yield Aggregator Projects, we believe our code is who we are! Thus, we will ensure to provide full transparency and let our code speak for itself.