Katalyo x BonFi Collaboration

Katalyo & BonFi announced collaboration to launch dual yield staking mainnet on June 9th, 2021.

Before the launch they’ll publish a detailed step by step tutorial on how to stake your $KTLYO or $BNF.

The parameters of the first pool remain unchanged so they can just repeat them here once more.

• 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)

Initially the staking will be launched on the Ethereum network with a possibility to launch on Binance Smart Chain afterwards. The rewards might be split across more than one pool to provide more options for the token holders. The exact number of pools will be determined based on the feedback from the community.

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.

What is BonFi?

BonFi is a multilayered open finance liquidity mining service platform complemented by the AI-powered BonVest, a professional cryptocurrency liquidity mining solution. It expands the DeFi financial product offering by combining smart contract staking and a managed cryptocurrency liquidity pool to achieve sustainable benefits for users.

📰 INFO:

https://katalyo.medium.com/dual-yield-staking-mainnet-launch-30c683d6d29b