🏆Understanding BlueBit's farming philosophy

BlueBit has designed its farming strategy in a unique way. The farming philosophy is that depositing on BlueBit vaults will generate profit in six different ways through trading fees, auto-compounded yield, native token rewards, weekly rebates, up to 2.5X rewards boosting, treasury bonuses which should address inflation issues.

💱Trading fees: when you provide liquidity to a DEX, you earn about 0.3% trading fees whenever a swap between the liquidity pair takes place. You will still earn this fee when depositing with BlueBit;

🔥Auto-compounded yield: our protocol contract automatically sells DEX rewards ($TRI, etc.) roughly every 4 hours and then converts the rewards into the LP token constituents for the same pool you are farming and compounds them onto your farming principal. Users can expect the convenience of set and forget, optimal APY due to compounded yield, and save on gas.

If you still don’t have a clue about the magic of compounding, here is a simple representation:

🔵$BBT reward: On top of compounded LP earning, liquidity providers will also be rewarded with BlueBit native token $BBT. We will have a grand mining program for platform users upon mainnet launch.

📅Weekly rebate: Lock $BBT to earn more — At the end of each week, $veBBT holders will be able to harvest the weekly rebate pool based on their $veBBT shares, which contains 50% of all protocol income during the week, in the form of wNEAR and $BBT equally. Juicy passive income!

🚀Boost: with veBBT, now you will also earn a boost up to 2.5x on the liquidity mining incentives. You will take a sharp lead in terms of your APY especially when the total veBBT share is small. So take the lead and farm in full power!

💵Treasury bonus: Community-owned treasury grows as it’s accumulating partial of the platform fees. BlueBit users can expect surprises from time to time.