We share a lot in common with them, from monkeys to potassium!
What does this mean?
You are now able to wrap BAN into wBAN and swap them with other crypto.
Even better: you can swap other crypto to wBAN and unwrap to BAN!
There is more!
A farm has been launched, allowing you to stake some wBAN.
And even more!
Two liquidity pools have been bootstrapped on ApeSwap: wBAN-BNB and wBAN-BUSD. Through the Wrapped Banano dApp, you have the opportunity to stake your liquidity pool tokens from those pools into wBAN farms, rewarding you with even more wBAN!
Expect more rewards from these two farms as you would be helping the Banano community by providing liquidity.
Benis is generous!
Benis, our smart-contract in charge of all our farms, will be giving away 1.5 M BAN over the first 4 weeks!!
After this 4 weeks sprint, expect it to enter a marathon but with less rewards.
Those wBAN rewards are given differently, depending on the farms multipliers:
– 1x for wBAN staking
– 10x for wBAN-BNB liquidity
– 10x for wBAN-BUSD liquidity
Such multipliers may change over time as we will monitor closely the situation. We will do our best to announce any multipliers changes in advance.
APR (Annual Percentage Rate) for each farm will fluctuate a lot depending on how much liquidity is provided and staked in wBAN farms.
How does this work?
How secure is wBAN?
wBAN smart-contracts and wBAN bridge were never audited and may never be (it’s quite expensive to do such things). But we did multiple tests and in a worst case scenario we could pause this until major issues are sorted out.
So where can I start?
wBAN is available there: https://bsc.banano.cc
As always, this is not financial advice, there are inherent risks associated with DeFi, from impermanent loss to smart-contract or app bugs. DYOR!
For those of you who don’t know BANANO yet, it’s obviously perfect to just read our animated, meme-rich and interactive Yellowpaper! BANANO is a cryptocurrency (forked from NANO in April 2018) powered by DAG technology — here to distrupt the meme economy. Yes, BANANO has memes! And also feeless and near-instant transactions, a highly active community, and active technical development! The BANANO community doesn’t take themselves too seriously, but we’re here for the long run and we enjoy what we do. On top of this, BANANO is super easy to use and puts an emphasis on free and fair distribution, gamification and crypto education.
BANANO ($BAN) is a fee-less, instant, rich in potassium cryptocurrency powered by DAG technology disrupting the meme economy.