The BUNNY price update as of now is $0.07759. In the previous 24 hours, its trading volume was $60,209, and its value has decreased by -0.66%. As of now, BUNNY's live market cap is $9,138,617, and it is ranked as the #3919 on the Coincu. BUNNY has a circulating supply of 407,562,867 and a maximum supply of 407,562,867.

Pancake Bunny: A Decentralized Finance (DeFi) Yield Aggregator and Optimizer

Pancake Bunny is a decentralized finance (DeFi) yield aggregator and optimizer designed specifically for the Binance Smart Chain. It is focused on two platforms, PancakeSwap (CAKE) and Venus (XVS), with plans to expand to Polygon (MATIC) in the future. The protocol allows farmers to automatically compound their yields, providing a seamless and efficient approach to optimizing their returns.

Why Pancake Bunny Stands Out Among Yield Aggregators

Pancake Bunny is recognized as one of the largest yield aggregators across both Ethereum (ETH) and Binance Smart Chain (BSC). Its usage of mono-contracts enables farmers to gain permission from private individuals to automatically compound and reinvest their yields, removing the complexity of determining optimal timing and frequency for profitability. Farming activities occur on PancakeSwap and Venus, ensuring a diverse range of opportunities for users.

The Innovative Team Behind Pancake Bunny

The development of Pancake Bunny is led by MOUND, a team known for their innovative approaches in the DeFi sector on the Binance Smart Chain. Consisting of experienced developers and entrepreneurs, the MOUND team has a successful background in games, social platforms, quantitative financial services, and blockchain applications. They are focused on delivering compounding, high-yield returns to users through the introduction of various innovative products, including Single Asset Smart Vaults, ETH-BSC Cross-Chain Farming, and the Qubit Lending Service. With their expansion to Polygon and the introduction of the MND token, MOUND aims to provide users with the ability to benefit from all their projects through a single token. They have also established a strategic investment partnership with Binance Labs, further enhancing their market presence.

Control and Rewards: The Power of BUNNY Token Holders

One of the key aspects that sets Pancake Bunny apart is the control and rewards given to BUNNY token holders. By staking BUNNY tokens in the BUNNY staking pool, holders have the ability to claim their share of profits, distributed in the form of Binance Coin (WBNB) rewards. The amount of profit received is directly proportional to the size of the BUNNY stake, making it beneficial for token holders to maximize their stake. Additionally, BUNNY holders can participate in voting on proposals through the snapshot page, giving them a voice in shaping the future of Pancake Bunny.

BUNNY Token Supply and Fee Structure

Unlike traditional tokens with a maximum supply, the BUNNY token operates with a unique minting system. Whenever the protocol collects and distributes 30% performance fees to BUNNY holders, it mints 36% of Bunny tokens at the market price. This ensures competitive compensation for liquidity providers. Alongside this, the BUNNY token has a fee structure in place. A 30% performance fee is allocated for BUNNY transactions and a 0.5% withdrawal fee is applied if a withdrawal occurs within 72 hours of deposit. BUNNY stakers receive the 30% performance fee, while non-BUNNY pool users receive 36% of profits in BUNNY at the time of claim or withdrawal, providing an additional 6% bonus incentive.