๐ HERE WE GO!!!!
๐BOMBERS! We have good news and a tiny bit of bad news.. Letโs get straight to it!
As a member in our Discord said, letโs rip the band aid off nice and quick and start with the tiny bit of bad news.
We attempted to implement the change to lower BBOND premiums to 1.05 from 1.1 but ran into an issue. The variable required to be changed in the treasury contract appeared to be adjustable, however it was not able to be changed. Without getting too technical, it does a check before it updates the variable, and after looking at that code, the check will always come back false making it non-adjustable. What does this mean? The BBOND redemption bonus will have to stay at 1.10, we have no way to change this. We can only apologise for this but we are sure the next few paragraphs will more than make up for it!
Onto the good news.. To make it up to the
#BOMBSQUAD, we have decided to enable a BBOND staking pool! You will now be able to earn BSHARE by staking your BBOND in a manual farm, we heard you asking for this to be added back along and we have decided that now is the perfect time to do it!
This is simply THE BEST way to help BOMB get back to peg and earn at the same time. We are asking all the BOMBERS to come together and help the protocol, the ideal way being purchasing new BOMB, converting to BBOND then staking them for an awesome APR! If you do not have extra funds to do this, please think about breaking off part of your BOMB/BTCB farms and doing so, or even selling a small amount of BSHARE to do the same!
How are we doing this? We have decided to take a portion of the rewards from the BSHARE Maxi pool. The BSHARE Maxi pool will change to 5% of the daily farm rewards (from 10%) and BBOND staking will take 5%. The BBOND pool will be paying a huge APR, youโll want to get in quick to make the most of it! We will run this BBOND pool until 4 prints (doesnโt have to be in a row) over peg, we will then change the allocations back or add to the BOMB/BTCB farm (this will be decided at a later date). This means there is no need to break your BSHARE Maxi pools, theyโre a great way to avoid IL when BSHARE flies and still have an awesome APR! If we dip back below peg after ending the BBOND staking pool, we will re-activate it at our discretion when below peg.
Wait, thereโs more! If you havenโt already, take a look at our recent Tweet here;
https://twitter.com/BombMoneyBSC/status/1526974931212328961 .
Yes, thatโs right, we will be running this competition/raffle as well! The biggest BBOND buy (in a single transaction) will be rewarded 15 BSHARE and then 3 lucky winners will win 5 BSHARE each (make sure you purchase 25 BBOND or more to enter). Once at peg, we expect BSHARE to be around $150 (easily), resulting in $2250 for the big spender and $750 for the lucky draws!
Wrapping it up We KNOW that our BOMB community is very strong, now is the time to show it! If all of us purchase a few BBONDโs we will be back at peg in no time. Letโs show the whole of
Defi, heck, the whole of crypto, what weโre made of!
Two based boys,
Dan and Aaron