Bonded Finance (BOND) Pre-Staking with 50% Est. APR
In partnership with Bitmax, and in support of the ongoing growth of Bonded Finance (BOND), BitMax.io has launched BOND Pre-Staking Program. BitMax.io users will get an exclusive first look at BOND token open-staking, and have a great chance to earn 50% est. APR.
BOND Pre-Staking Details are as follows:
Est. APR: 50%
Minimum Delegation Amount: 300 BOND
Maximum Delegation Amount: None
Minimum Staking Period: Unstake anytime
Reward Calculation Starting Time: T+1 Day
Reward Distribution Starting Time: T+2 Day
Reward Distribution Cycle: Daily
Regular Unbonding Period: 10 Days
Instant Unbonding: Supported
Instant Unbonding Fee: 5%
Minimum Undelegation Amount: 300 BOND
Staked Assets as Margin Collateral: Not Available Now
Compound Mode: Supported
App: Click [Staking] on the homepage to participate.
This program is different from traditional airdrops or deposit rewards. Under the pre-staking program, BitMax.io users will be required to lock up tokens in order to earn rewards, the same as with official on-chain staking. Users will have the flexibility to unstake anytime, which is different from term-deposits. While unstaking requires an unbonding period, BitMax.io offers instant unbonding service that allows users to claim back staked tokens immediately at a small price.
The Bonded platform was created to incubate and deploy experimental, high-yield, smart-contract driven, financial instruments that push the bounds of open finance. Bonding is an algorithmic model that aims to unlock, aggregate and de-risk ~50 billion in dormant value distributed amongst untapped digital assets by allowing supporters of qualifying altcoin projects the opportunity to borrow against these assets or pool them and start earning.