BonFi launches their first Multi-Yield Staking Pool
Bonfi are very excited to launch the BNF x KTLYO multi-yield pool jointly! After an extensive closed beta and thorough testing, they bring their community a new and innovative way to earn rewards.
BNF-KTYLO Dual-Yield Pool Launch Details
The BNF-KTYLO Dual-Yield Pool has the following configuration:
- Staking Duration: 30 days
- APY: 120%
- APY Payout Ratio: 50/50 (BNF/KTLYO)
- Total Contribution Pool Size: $500K
- Max Contribution Per Participant: $10K per participant
Start staking at 6pm CET, June 9: BNF-KTYLO Dual-Yield Pool
Multi-Reward System and Product
Multi-yield will soon become an established pillar in DeFi and drive more projects to offer dual-yield pools with partners across their respective ecosystems. With this foresight in mind, we collaborated with the Katalyo team to build a scalable product that allows partner projects to deploy dual-yield DeFi products. Their multi-reward pool structure enables crypto projects to deploy DeFi pools that distribute token rewards in predetermined ratios of two different tokens.
With their solution, partners can deploy dual-yield pools at any given time with unique parameters. Pool creators may set their APY rates, pool size, pool duration, and others terms and conditions. Additionally, they can select the tokens they want to be paid rewards in and distribute those rewards.
About 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.
About 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://medium.com/bonfiorg/launch-of-the-bonfi-katalyo-dual-yield-pool-74a11925964e
