Katalyo x BonFi Partnership

Published on: 18.05.2021

Katalyo & BonFi announced partnership to design and develop a product for creating and running dual yield staking pools.

By using the product token hodlers will gain exposure to other assets and diversify their portfolio.

The product itself is built using the no-code engine of the Katalyo platform and the smart contracts are being built in a way to be versatile and reusable. With this solution projects that want to take their partnerships to another level can create an unlimited number of pools with different parameters.

The first pool they are going to create will be a dual yield pool with KTLYO and BNF tokens. The hodlers will be able to stake their tokens and receive rewards in both KTLYO and BNF regardless of the token they stake in the pool.

🔸The parameters of the pool will be as follows:

Fixed staking duration: 30 days
APY: 120%
APY payout ratio: 50% KTLYO and 50% BNF
Total rewards pool size: $500k
Maximum stake amount per participant: $10k per participant ($5k in KTLYO and $5k in BNF)

What is Katalyo?

Katalyo is a no-code cross-chain platform for building hybrid blockchain powered applications. With Katalyo individuals and organisations can build blockchain powered applications without writing a single line of code. On top of no-code features for building web based frontend, by using Katalyo platform, people can create tokens and NFTs, build DeFi applications, integrate smart contracts in any part of the workflow.