BTSDAO, A Liquidity Mining Project

[bitcrab]

[bitcrab]

if you have bitUSD,  greatly advise to buy some DEFI and put these into the DEFI/USD pool, the highest APY!

today's APY.

[bitcrab]

today's APY.

[bitcrab]

today's mining APY report

[bitcrab]

Can you please share the exact formula for your APY? I do get very different results atm

APY = daily airdrop in DEFI * 365/ TVL in DEFI

for example, for the BTS/DEFI pool in 18th July, the APY = 80000*365/25426125 = 114.84%.

[sschiessl]

Can you please share the exact formula for your APY? I do get very different results atm

[bitcrab]

today's mining APY report

[bitcrab]

liquidity mining APY report

[bitcrab]

BTSDAO is a liquidity mining project which is started up by China community.

btsdao is the main management account, DEFI is the token for governance and is airdropped to liquidity providers everyday.

DEFI has a totally supply of 900M, all have been issued and put into a vesting balance, everyday 0.8M  DEFI are released from the vesting balance, up to 0.76M will be airdropped to liquidity providers, the rest will be send back to btsdao.reserve for later use or burn.

Currently there are 10 pools


BTS-bitCNY
BTS-bitEUR
BTS-GDEX.USDT
BTS-GDEX.ETH
BTS-GDEX.EOS
DEFI-BTS
DEFI-GDEX.USDT
DEFI-GDEX.USDT
DEFI-GDEX.ETH
DEFI-GDEX.EOS

Each pool will get 40K DEFI airdrop everyday, except that for BTS-DEFI pool this number is 80K.

A TVL threshold is defined for each pool, for pools within DEFI the threshold is 200K BTS, for other pools the threshold is 1M BTS, everyday a snapshot is done at random time to check whether the TVL of each pool listed above is higher than the defined threshold, if Yes then the DEFI airdrop quantity for each liquidity provider will be calculated out depended on the LP share, and finally be transferred from btsdao.escrow to the liquidity provider.