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bDollar.fi

BDollar is an algorithmic multi-peg stablecoin running on Binance Smart-chain.
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Category
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Finance
Blockchain
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BSC
Publisher
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BEarn Team
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What is bDollar.fi?
BDollar Protocol is designed by the Bearn.fi team as the first algorithmic stablecoin on Binance Smart Chain. It involves an innovative solution that can adjust the stablecoin's supply deterministically to move the price of the stablecoin in the direction of a target price to bring programmability and interoperability to DeFi.
Information
Type
Automated Market Maker
Blockchain
BSC
Platform
Windows, macOS
Publisher
BEarn Team
FAQ
Though there are many alogorithmic stablecoin protocols that have emerged over the last few months. The advantage of bDollar is that it builts on exisiting protocols and implements certain parameters better than its predecessors, namely, reasonable epoch expansion rates, incentives for bBDO holders to redeem their bonds when BDO prices are higher, fair distribution of sBDO, limited debt issue with 3% cap on bBDO minting. Additionally, bDollar has a first mover advantage because it is built on Binance Smart Chain.
Owing to the high gas fees and rising ethereum prices, decentralised finance (DeFi) has been increasingly difficult, slow and painful for small retail investors. BSC serves the role of enhancing existing user experience for DeFi users given that it is EVM (Ethereum Virtual Machine) compatible and has a block time of approximately ~ 3 seconds. Meaning to say, BSC transactions are faster and cheaper while still maintaining the ability to interact with smart contracts.
The bDollar Protocol is a fork of the existing Basis Cash Project on the ethereum network which has already been audited by Certik. For additional security, you are free to use the DiffChecker tool to compare the smart contract codes of bDollar Protocol (Refer to our github) and Basis Cash.
Moving forward, the team plans to use the DAO wallet to fund external audits of the protocol (subject to the agreement by the community). Additionally, you can show your support for bDollar Protocol by upvoting us on DefiYieldInfo for a complimentary audit from the community.
bLending is the lending platform for users to borrow and lend tokens of the bEarn ecosystem. Initially, we launch the set of assets for the tokens below:
Collateral ratio(will be amended after beta closed)
BDO Borrow Limit 750k Token Amount, (not $ value)
BDO: 5%
BNB: 50%
BUSD: 75%
Other tokens will be added by team selection or community vote!
bFolio is a smart yield farming dashboard focusing on monitoring your profit performance throughout our whole platform and other partners. With bFolio, you can get all the relevant information at one glance, no more browsing to different links. More important, bFolio is a great tool for you to calculate the complicated impermanent loss when investing in bEarn Fi and other projects.
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