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What is PancakeBunny (BUNNY)? PancakeBunny is a decentralized finance (DeFi) yield aggregator and optimizer for the Binance Smart Chain, PancakeSwap (CAKE), Venus (XVS), and soon Polygon (MATIC). It allows farmers to benefit from auto compounding. PancakeBunny is one of the largest yield aggregators across ETH and BSC, with TVL. The platform aims to make DeFi more accessible. MOUND is the team behind PancakeBunny, with experience in games, social platforms, finance, and blockchain. BUNNY token holders control the ecosystem and receive farming rewards. The token's supply increases with performance fees.
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What is PancakeBunny?
PancakeBunny is a decentralized finance (DeFi) yield aggregator and optimizer for the BNB Chain, which is used for PancakeSwap (CAKE) and Venus (XVS). How does the PancakeBunny protocol benefit farmers? Farmers at PancakeBunny get permission from private individuals for automatic summation and reinvestment of yield on their behalf through mono-contracts. Users can farm on their own, but doing so involves a complex process of determining the optimal frequency and time at which to increase and reinvest profitability. With PancakeBunny users can delegate this process. Where does the actual farming take place? The actual farming takes place on PancakeSwap. What is the primary goal of the platform? The primary goal of the platform is to support the DeFi ecosystem by providing users with an easy way to automatically increase their profitability on Binance Smart Chain. Why did the DeFi industry experience a surge of activity in 2020? The DeFi industry — especially yield aggregators — experienced a major surge of activity in 2020.
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