BUNNY 2021 RECAP
Hello Bunny Fam,
Thank you for sticking with us throughout this long Defi journey this past year. We’d like to take a look back at 2021 and highlight the work that our team has done toward being one of the most innovative projects in the DeFi space.
- Bunny Maximizer, SAV
- PolyBunny, Qubit, MND
- Play Tab: Pot, Arcade, NFT, Prediction Market
Bunny 2021 Review
Earlier in the year, we changed the reward distribution for BUNNY holders from WBNB to BUNNY in order to provide an auto-compounding vault that distributes BUNNY as a reward. As we innovate and develop new products, the future staking rewards and the form of fee distribution on Bunny are anticipated to be given in BNB as per the community’s request.
SAV, an acronym of Single Asset Vault, utilizes Qubit to multiply a user’s staked assets by approximately 2.5x. BUNNY’s use of Qubit to power the SAVs proves its ability to provide synergy and value within the ecosystem. In addition, SAVs utilizing Venus will also be added as we are aware that the request has been made by the community.
pBUNNY & MND
The pBUNNY token was created to compensate and revitalize the users who were at a loss due to the exploit. The Mound Vault and the MND token were designed to capture and distribute the full value of our ecosystem expansion directly to the PancakeBunny Community.
As initially promised, 1 Million of the Team’s BUNNY, polyBUNNY, and 100 Million QBT have been added to the MND vault and are still generating profits. We are working hard to keep Bunny as our first and foremost priority. Once the Bunny ecosystem undergoes sufficient expansion via continued building and strategic partnerships, we will allocate an optimal share of related project tokens in order to continue adding value to the MND Vault.
Our team continues to place maximum focus on security. Throughout the year, we have increased the frequency of audits and developed a bounty program with Immunefi.
- Peckshield Audit: Completed full smart contract audit on Sep 11, 2021
- Theori Audit: Completed full smart contract audit on Jul 30, 2021
- Hexlant Audit: Completed full smart contract audit on May 17, 2021
- Haechi Labs Audit: Completed full smart contract audit on Jan 18, 2021
- Chainlink: Token prices use Chainlink’s price oracle network providing the first line of defense against price manipulation
- Immunefi: Maximum bounty of $250,000, since Jun 28, 2021
PolyBunny was our first initiative to launch a fork of the PancakeBunny BSC protocol on a new chain, with the best in-chain APYs that create user value through the optimal integration of the Bunny Distribution mechanism. PolyBunny has not performed up to our expectations, and thus, new business models are being considered. More information about this new model will be addressed in the upcoming voting agenda shortly.
Qubit is Mound’s innovative DeFi lending protocol that is optimized to deliver lending as a utility for BSC. With zero withdrawal fees, Qubit not only reduces the cost of lending and borrowing for retail users but also enables PancakeBunny and other BSC yield aggregators to employ leveraged strategies to maximize Single Asset returns.
Pot, Arcade, Prediction Market, & NFTs
This year, we introduced Pot, Arcade, and other game features to raise the engagement of users on the site and to increase the utility of BUNNY. Thanks to your feedback, we will be adding features such as auto-participating and different token options to our Pots. Additionally, we will continue to work with partners to provide additional games, as we see blockchain gaming as a space where massive innovation is possible.
Using the Cantata platform, we launched our NFT offerings: Busy Bunnies, Crypto Heroes Cab, and our 1st Year Anniversary NFT. With our partners in Cantata and the Trefethen Family Vineyards, we are poised to innovate this year in the areas of NFT utility and ‘Real-World’ NFTs. As we have said, this is the era of NFT 2.0!
Pot — https://pancakebunny.finance/pot
Arcade — https://pancakebunny.finance/arcade
Prediction Market — https://prediction.pancakebunny.finance/
NFT — https://cantata.io/collections
Leveraged Farming: Multiplexer
Leveraged yield farming allows farmers to maximize farming profits by borrowing additional liquidity to increase an asset position that has been provided as collateral. Bunny harnesses xLP of Qubit to open leveraged positions and consequently, will promote the utilization of the Qubit liquidity pool too. Be kindly noted that more vaults will be added in a timely manner.
We would like to thank the Bunny Fam for your steadfast support and for being together with us throughout this long journey. Our team has been working incredibly hard and is agonizing to put the community’s suggestions as to the first priority. Stay tuned for further updates about upcoming votes regarding Bunny, PolyBunny, and MND and the 2022 roadmap to be published accordingly in a few days.
And remember, Bunny Fam, as always — Keep Calm and HOP ON!
PancakeBunny is one of the most popular auto-compounding yield aggregators on the Binance Smart Chain The BUNNY ecosystem is an aggregation of projects and protocols, including Qubit, that serve as destinations for investors who wish to participate in the efficiencies and gains made possible by decentralized finance.
Join the strongest community on the BSC here!