5️⃣How To Start Earning
Bond offers auto-staking and compounding, so the process to start earning $BND. passively is pretty simple!
If this is your first time learning about DeFi, I’d recommend looking into the basics of setting up a wallet, navigating the space safely, and transacting securely.Here’s a quick walkthrough on getting $BND. into your wallet:
1.Add the binance smart chain to your MetaMask wallet (or a different crypto wallet). Check out this link if you aren’t sure how.
2.Purchase BNB (Binance coin) on an exchange with your fiat currency. KuCoin or Binance work well.
3.Send the BNB to your MetaMask. Fees should be minimal!
4.Head over to PancakeSwap to make the BNB/BND.
5.Set your slippage to around 15% (this was the lowest I could get the trade through with). Confirm the swap!
6.You now have $BND. automatically staking in your wallet! Congrats!
How compounding works
$BND.. Auto-Staking Protocol (BFASP) is a simple yet cutting-edge function called Buy-Hold-Earn, which provides the ultimate ease of use for $BND.
holders.Buy-Hold-Earn - By simply buying and holding $BND. token in your wallet, you earn rebase rewards as interest payments directly into your wallet.
Your tokens will increase every 1 seconds.Using a Positive Rebase formula, $BND. makes it possible for token distribution to be paid directly proportional to the epoch rebase rewards, worth 0.00008% every 1 second epoch period of the total amount of $BND. tokens held in your wallet.
The rebase rewards are distributed on each epoch (1 seconds rebase period) to all $BND. holders.This means that without moving their tokens from their wallet, $BND. holders receive an annual compound interest of 201,433.58.% for Year 1.
The interest rebase rate reduces after the first 12 months:
Calculator
Annual Percentage Yield Formula for BND.Annual Percentage Yield Formula for BND.
r = Annual interest rate
n = Number of compounding periods per year
Example
Suppose you invest $1,000 in with bond finance account and pays 201,433.58%, interest compounded yearly. If you were to earn simple interest, you would end the first year with an account balance of $201,433 . Here, since we earn compound interest, you would end the first year with an account balance of $201,433.58.
Now, your real rate of return must be greater plus stake minting OF BNDc & USDB
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