bEarn Fi is a cross-chain product in Decentralized Finance (DeFi) that at its core provides yield generation, algorithmic stablecoin, bridge, gaming aggregation, treasury, AMM DEX, and governance on multi-chain: Binance Smart Chain blockchain (BSC) and Ethereum blockchain.
The protocol is developed by various independent factors within the cryptocurrency space. Management of the protocol is governed by BFI and BFIE (BFI token on Ethereum blockchain) holders.
Our core products are active in production, below is a quick brief on the protocol’s governance process, and links to active communication channels.
Algorithmic stablecoin — bDollar
bDollar is the first algorithmic stablecoin on Binance…
One of our main priorities for this month has been to work on the compensation process for the BUSD bVault & ValueDefi incidents. We recognize this has been a difficult period for all users, not just for those directly affected, but also for #hodlers and loyal supporters of the ecosystem. Thank you all for your patience and please accept our apologies for any delays.
At this time, we would like to give an early announcement that we are currently working on making our ecosystem available on the Polygon network (more information will be provided in the coming days)…
Dear bEarn community
We are very excited to announce the latest integration to our bDEX Decentralized Exchange: bLaunch — our very own Launchpad! A place where you can exchange BDO & bDEX liquidity for potential profit by being the first to own the sweet new tokens from participating BSC projects.
What is bLaunch?
bLaunch is an innovative token sale platform that allows projects to bootstrap adoption by distributing a portion of their tokens through an IDO (initial dex offering) held on bDEX. We strongly believe in joining success through cooperation, which is why we wanted to bring bLaunch to our…
Hello dear and awesome community!
We have reached the end of another month, and as usual it is time to review what has been delivered and what can be expected to be in store for the near future. We understand the importance of sharing information with our community and making sure everyone is updated with the latest news. Please continue reading to find out more:
What happened in May?
• Compensation: One of our main priorities in May was focusing on the compensation process for the BUSD vault. With the successful completion of Phase 1, we are continuing to work…
Hello, our dear & awesome Community! We are glad to finally announce that Phase 1 of the compensation process has been successfully completed.
A big Thanks from the bEarn team
From our entire team at bEarn.Fi — we would like to give an enormous THANK YOU to everyone for bearing with us in the last two weeks. Your continued support, patience, and understanding is what allows our team to continue working hard towards the success of our collective future.
We all know this recent period has been difficult. Project exploits, market crashes, volatility and risks. Believe it or not, we’re…
Dear Community, we are bringing you this article in order to address the multitude of queries and concerns regarding the BUSD vault incident. Our objective here is to shed some light on the situation and provide you with concrete answers.
Compensation Plan Progress
We will carry on the compensation within two main Phases:
We have updated the interface on bVaults.Fi to allow users to take part in the first Phase (1) of compensation of the post-exploit funds. Please proceed with the following steps in order to take part in the initial compensation:
Firstly, we must say that we deeply regret this incident and that we are sorry for any economic loss endured by our community members. We hope that the actions detailed within this article will help in this regard. We would like to thank our community for their understanding and the support shown to our ecosystem through every bump in the road. The commitment of our community is what motivates us to work harder every single day and so we hope our compensation plan will reflect this.
What actually happened ?
bVaults’ BUSD Alpaca strategy was exploited and drained…
Dear bEarn Community
With every passing day, our focus continues to be on improving and growing our ecosystem. Our main goal is and always will be to offer our passionate bEarn.Fi community the most robust and complete ecosystem that BSC & DeFi has to offer. As we continue to overcome many challenges, we must recognize those things which are holding us back from our potential. Going forward — we will be making some changes. Please continue reading!
Due to the recent accelerated growth of the project, we have come to the conclusion that the current BDO smart contract is…
We would like to start by sincerely expressing how sorry we are for this whole incident to all of our community, not only as the bEarn.fi team but also as passionate believers of this project.
We hope this will help express to everybody what actually occurred and what will be done to remedy this situation, compensate and also avoid this from happening moving forward.
What actually happened?
On May 07, 2021 — An exploit occurred over on the Value DeFi platform which resulted in the drainage of various liquidity pools, specifically, all custom-weighted VLP pools that are not 50/50 were…
Tired with high slippage and price impact?
We are super thrilled to introduce our latest flagship product: bDEX — a quicker/smoother Decentralized Exchange which allows users to experience the next level of innovative solution in DeFi.
bDEX is an automated market maker (Decentralized Exchange) that uses smart routing to provide its users with the best exchange rate, slippage, and smallest price impact on the market. …