BitKan has officially listed Solice (SLC), Operon Origins (ORO), DNAxCAT (DXCT), Gaia Everworld (GAIA), Newscrypto Coin (NWC), and Syntropy (NOIA) for spot trading. You may trade the coins on BitKan now.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that BitKan is not responsible for your trading losses.

Benefits of BitKan Cryptocurrency Exchange:

Contact Us:

Staking with validators in proof-of-stake blockchains is perhaps the simplest way of earning yield on digital assets in decentralized finance (DeFi). For example, one could simply stake ETH and get roughly 5% APR. One may collectively classify such staking methods as: DeFi 1.0.

Advanced borrow/lending protocols of DeFi 2.0 however afford many new ways of gaining yield from digital assets. Obtaining these gains often requires a cross-platform approach. This often intimidates new users. So let’s walk through an example to highlight the gains of using two platforms in tandem: Aave and Curve. We will take 4 steps:

Step1: Purchase AVAX

Assume that we start with C = $100(USDC) which we use to purchase AVAX from a centralized exchange. The value of AVAX relative to USDC ($) is governed by a conversion factor. At the time of this writing this conversion is: 1(AVAX) = $75(USDC). We will denote this as: A(USDC/AVAX) where A = 75. This gives us a quantify of AVAX equal to: C/A = 100/75 = 1.33(AVAX).

Step 2: Deposit AVAX into Aave:

We deposit this quantity into the Avalanche money market in Aave. Aave gives us two forms of APR gain: base+reward. At the time of this writing these gains equal: base = 1.94% and reward = 6.94% shown below:

Note that the Aave yield will be in the form of the X token (more specifically WAVAX). So our total yield from this deposit will be:

(1.94% + 6.94%) * 1.33(AVAX) = 0.12(AVAX) per year.

Step 3: Borrow USDC against AVAX in Aave:

We can use the AVAX we deposited into Aave as collateral for a loan. Looking at the market chart (see above) we see that Aave is offering a 2.94% APR on USDC loans. It is also incentivizing these loans by offering 0.44% back in the form of AVAX. Let’s choose to collateralize half our AVAX deposit value or $50. This means we will owe:

2.94% * $50(USCD) = $1.47(USDC) per year.

and will gain:

0.44% * $50(USDC) / A(USDC/AVAX) = 0.003(AVAX) per year.

We used the simplifying assumption that the price of AVAX stays the same through the year (unrealistic!).

Step 4: Deposit loan into Curve:

Curve is a money market for stable coins. We can deposit our borrowed USDC from Aave into the Avalanche stable coin pools of Curve. The current rates are shown below:

Let’s choose the aave (USD) pool which provides three types of gain: 1) a base gain on the USDC equal to 1.95%, 2) a reward rate of 8.06% in the form of AVAX and 3) a reward rate of 0.09% in the form of CRV token (Curve’s native token). Let’s compute these gains for our $50 deposit for when B(USDC/CRV) = 3.36.

Step 4: Total effective APR

Our total yield will equal the yield we get from Aave plus what we get from Curve:

Total yield (per year) = 0.12(AVAX) + 0.003(AVAX) + $0.975(USDC) + 0.054(AVAX) + 0.013(CRV)

Converting to USDC:

Total yield (per year) = 0.12(AVAX) A(USDC/AVAX) + 0.003(AVAX) A(USDC/AVAX) + $0.975(USDC) + 0.054(AVAX) A(USDC/AVAX) + 0.013(CRV) B(USDC/CRV)

= 0.12(AVAX) 75 + 0.003(AVAX) 75 + $0.975(USDC) + 0.054(AVAX) 75 + 0.013(CRV) 3.36

= $9(USDC) + $0.225(USDC) + $0.975(USDC) + $4.05(USDC) + $0.044(USDC)

= $14.3(USDC)

Our total debt comes from our Aave loan which we computed as $1.47(USDC) per year. Deducting this from our gain:

Effective yield (per year) = $14.3(USDC)-$1.47(USDC) = $12.82(USDC)

Finally since we invested $100 our APR is:

APR(%) = Effective yield (per year)/ Initial investment($) = 12.82 / 100 = 12.82%

Caveat: This is only a a crude estimation given that both the price of AVAX and the variable interest rates of Aave and Curve will fluctuate through the year.

Side note: 12% APR is likely not optimal. Liquidity pools in platforms such as TraderJoe can already provide much higher APRs. For example the USDC.e-AVAX pool on TraderJoe offers 27.4% today.

END: 10:00 h CET 19th May

Address of of the Reward Program:

SEND YOUR GOD TOKENS TO THIS ADDRESS: zil1grmteqy92jtxuf6v8mwvq3dclm54csggnsqmr5

Amount of tokens to send:

Minimum: 50 000 GOD tokens

Maximum: 500 000 GOD tokens

%Rewards for senders day by day:

If send on:

1st-6th Day 14:00 h CET 12th May — 14:00 h CET 18th May — 10% REWARD

Last Day 14:00 h CET 18th May — 10:00 h CET 19th May — NO REWARD

This amount of the reward will be added to your ZWAP Reimbursement.

FORMULAS and RULES for PARTICIPATING in the 5th REWARD EPOCH:

FORMULAS:

Every sender will receive the equal value of the number of tokens he sent into ZWAP + % ZWAP reward. The Swap rate will be calculated, screenshot and announced into our Telegram group https://t.me/godtokenrewards from 12:00–14:00 CET on 19th May.

So we made a decision to count as a basis of the exchange rate the amount of 50 000 tokens! This way everybody will be pleased and users who send most tokens will be rewarded with exchange rate better than Zilswap!

Here is the formula of calculating ZWAP reimbursement and rewards:

ZWAP Reimbursement +ZWAP %Reward = ZWAP to receive

How do we calculate ZWAP Reimbursement*?

Formula:

ExchangeRate X Multiplicator = ZWAP Reimbursement

ExchangeRate =SCREENSHOT and ANNOUNCED EXCHANGE RATE of 50 000 GOD TOKENS for ? ZWAP in ZILSWAP

Multiplicator=THE AMOUNT YOU SENT:50 000 GOD TOKENS

How do we calculate ZWAP %Reward*

ZWAP %Reward =Reimbursement X %Reward based on which day you sent your tokens

An Example of how to use formulas:

If sent 500 000 tokens on the 2nd Day of the Epoch 5. How many ZWAP would I receive?

If The announced exchange rate for 50 000 tokens is 0.023 ZWAPS.

My Multiplicator is 10 because I divide 500 000: 50 000 = 10

So My reimbursement will be 0.023 X 10 = 0.23 ZWAP

I check the % of my rewardin the list in the beggining of the article. It would be 9% reward because I sent the tokens on the 2nd day.

My reward will be 0.23 X 0.1 = 0.023 ZWAP

So totally I will receive 0.23 + 0.023 = 0.253 ZWAP

RULES:

No rewards and restriction for dumping

We will apply restrictions to accounts which take actions against the value of the token and our loyal community. We will strictly follow these rules:

Restrict all fraudulent accounts

Every transaction will be carefully checked by our team. We do not tolerate actions against the value of the token and the community.

Fair to our loyal users

If any action announced in the previous paragraphs is caught by our team we will apply the following restrictions: Return 50% of the deposit, 20% of the deposit will be set in the Liquidity Pool, 20% will be sent into the 2nd Reward Pool and 10% will be taken for fees. If we find a mature account and subaccounts all restrictions made to any of the accounts from the fraudulent system would be applied to all related accounts.

This way we will prevent the price from dumping. This is fair to all loyal users of the Reward Program and new investors.

We will ensure not only best Exchange rate of the GOD-ZWAP Swap, 2–10% ZWAP rewards and extra rewards to our senders but also the Top position to rebuy GOD token again.

They will have big opportunity to buy fast GOD tokens after receiving their ZWAP reimbursement + % rewards.

1st step: We will send 20% of the tokens to the Liquidity Pool — 10% GOD Tokens and Swapped same amount of GOD Tokens for ZIL.

2nd step: We will send half of the 80% tokens back to the supply.

3rd step: We will set the exchange rate and start providing GOD-ZWAP reimbursement and rewards to the accounts participated in the Reward Epoch.

4th step: We will execute the 2nd returning to the supply of the last part GOD tokens left.

A part of the last step will be sending back the deposits to the accounts caught in fraudulent activity.

This way all users participated in the Reward program will be in the best position to buy back GOD tokens with their ZWAP and rewards at the best price.

Our team kindly invites all holders to participate in Epoch 5of our Reward Program to increase GOD token liquidity. The more liquidity the less volatility. If we strictly follow the rules we proposed there is no doubt GOD token will hit 1 ZIL sooner than expected.

YOU GOT THIS! Be healthy and take care!

Isolated pools are separate lending markets which support a set of assets that can be used as collateral to borrow loans against each other. Architecture-wise, think of it as deploying several Compound’s, each a microcosm with their own assets and parameters. This is in contrast to having a single, global cross-collateral pool in which any asset can be borrowed against any other (i.e. a single Compound).

Bastion plans to have diverse themed Realms orbiting a Main Hub. These include: Aurora Ecosystem Realm (stNEAR, TRI, FLX, WANNA, ROSE etc.), Trisolaris LP Tokens (leveraged yield-farming), Multichain Realm (AURORA, LUNA, AVAX, MATIC, etc.), and others we have still not yet announced.

All of Aurora’s current lending protocols are almost identical Compound forks. Bastion plans to be MUCH more. Realms are the first of an exciting lineup of new product verticals coming within just the next two weeks!

Bastion differentiates with a focus on innovative time-based tokenomics and superfluid composability. We’re also the only lending protocol on Aurora that uses Flux’s official, decentralized, high-quality Amberdata oracles, aggregated from many centralized/decentralized exchanges.

Having just a single cross-collateral pool means that listing new assets has to be done with extreme caution since it exposes the protocol to a new attack vector each time. The entire TVL of the lending protocol could be drained by one ‘bad apple’. For example, Cream Finance has been hacked multiple times for $19M and $130M due to listing assets with non-standard implementations.

Common attack vectors include:

Isolated Pools allow Bastion to list more assets without exposing the entire TVL of the protocol to new risks. Bastion’s Isolated Pools are called ‘Realms’.

But they aren’t exactly a panacea! One downside is liquidity fragmentation. Users will not be able to directly collateralize and borrow assets from the Main Hub and the Aurora Ecosystem Realm. Bastion remedies this by having USDC in all our Realms, creating a common currency of exchange between all the Realms whilst still containing value-at-risk to the isolated pool rather than the entire TVL of the protocol.

With Realms, Bastion can list tons of new assets that have not yet qualified for the cross-collateral pool. Bastion’s Realms unlock utility for the long tail of assets.

After all, the mission of Bastion, right from the very beginning, has always been “serving as the liquidity hub of NEAR, where no asset lies unproductive and composable cTokens form the base of the ecosystem.”

In addition to listing more assets, isolated pools enable more aggressive parameters such as higher loan-to-value (LTV) ratios enabling greater leverage and higher APYs.

There is greater capacity for customizable parameters (e.g. lower reserve factors, and higher liquidation thresholds), experimentation with sophisticated oracle mechanisms, innovative interest-rate models, and acts as a sandbox for listing medium-to-long-tail assets of similar risk classification levels.

The leading implementation of this is Rari Fuse, an Ethereum-based isolated lending protocol with close to $1B in deposits. They saw incredible success forming Realm-like pools with OHM and FEI.

Strap yourself in Bastions, the lending landscape on Aurora is about to explode.

Bastion is a decentralized lending and borrowing protocol built on Aurora, NEAR’s EVM-compatible layer. Building on Aurora enables Bastion to create an autonomous interest-rate engine with superior capital efficiency, fast transactions, ultra-low transaction fees, precise liquidations, and harness the underlying UX benefits of NEAR.

Website | Twitter | Discord | Docs | Email

Bastion Protocol is a decentralized lending and borrowing protocol which algorithmically sets interest rates based on supply and demand, allowing users to exchange the time value of assets on Aurora. There is currently one version of the Bastion Protocol (v1) which is made up of free, public, open-source or source-available software including a set of smart contracts that are deployed on the Near Blockchain and which may be deployed on various other blockchains as determined appropriate. Your use of the Bastion Protocol involves various risks, including, but not limited to, losses while digital assets are being supplied to the Bastion Protocol, smart contract vulnerabilities and losses due to the fluctuation of prices of tokens in a trading pair or liquidity pool or depegging of assets or potential liquidation cascades and general liquidation. Before using the Bastion Protocol, you should review the relevant documentation to make sure you understand how the Bastion Protocol works, including it’s various intricacies, and understand and appreciate the risk of utilising such a protocol. Additionally, just as you can access email email protocols such as SMTP through multiple email clients, you can access the Bastion Protocol through dozens of web or mobile interfaces. You are responsible for doing your own diligence on those interfaces to understand the fees and risks they present. AS DESCRIBED IN THE BASTION PROTOCOL TERMS OF SERVICE AGREEMENT, THE BASTION PROTOCOL IS PROVIDED “AS IS”, AT YOUR OWN RISK, AND WITHOUT WARRANTIES OF ANY KIND. Although the core team members of Bastion Protocol developed much of the initial code for the Bastion Protocol, it does not provide, own, or control the Bastion Protocol, which is run by smart contracts deployed on the Near blockchain and is facilitated and maintained by the Bastion Protocol DAO (the “Organisation”) on a continuing basis. Upgrades and modifications to the protocol are managed in a community-driven way by holders of the BSTN governance token. You agree that no developer, entity or Organisation involved in creating, facilitating or managing the Bastion Protocol will be liable for any claims or damages whatsoever associated with your use, inability to use, or your interaction with other users of, the Bastion Protocol, including any direct, indirect, incidental, special, exemplary, punitive or consequential damages, or loss of profits, cryptocurrencies, tokens, or anything else of value and you waive any rights to all claims in any and all jurisdictions arising out of any interaction with the Bastion Protocol or the associated DAO, Organisation or d/b/a entity (if any). ‍

THE BASTION PROTOCOL DAO RESERVES THE RIGHT TO MODIFY THIS DISCLAIMER AND WILL NOTIFY YOU BY REUPLOADING A CURRENT VERSION OF THIS DISCLAIMER AT THE SAME LINK. ALL MODIFICATIONS WILL BE EFFECTIVE WHEN THEY ARE POSTED, AND YOUR CONTINUED USE OF THE BASTION PROTOCOL INTERFACE WILL SERVE AS CONFIRMATION OF YOUR ACCEPTANCE OF THESE MODIFICATIONS. IF YOU DO NOT ACCEPT MODIFICATIONS TO THIS DISCLAIMER AS MAY BE MADE FROM TIME-TO-TIME, YOU MUST IMMEDIATELY CEASE USING THE INTERFACE.