Bullas and Smilee
Generating Awesome Yield for the Bullas
Last updated
Generating Awesome Yield for the Bullas
Last updated
BULLAS will be making use of Smilee's liquid staked version of the BERA token, gBERA to earn serious yield for the BULLAS treasury.
80% of the funds raised from BULL ISH game passes will be used to buy wgBERA/HONEY LP on Kodiak, which will then be staked into Beradrome. This will earn the BULLAS treasury oBERO, 50% of which will be added to our phat stack and the other 50% will be sent to Bullas NFT holders every month.
In addition, all bribes BULLAS earns through our ecosystem vote partnership with Beradrome will follow the same process, buying wgBERA/HONEY LP and staking with Beradrome, with 50% of oBERO sent to our treasury and 50% sent to BULLAS NFTs.
AND IF THAT WASN'T ENOUGH YIELD FOR YOU
As Bullas earns bribes in BERA we will stake them for gBERA, hoarding them until the BULL ISH Breadline is able to be whitelisted as a BGT rewards vault. Then, 50% of this gBERA stack will be used to bribe validators to direct emissions to the breadline and the other 50% will be used to buyback and effectively burn BULLAS NFTs by stashing them in the treasury.
