Pancake Bunny BUNNY: Crosschain Farming v.1.1
Crosschain Farming v1.1: The second version of Crosschain Farming allows safer farming. The (2) conversion step mentioned in March Crosschain Farming v1 is done through selling the borrowed BNB and buying the Pancakeswap’s LP tokens. However, v2 deals with conversion through borrowing the Pancakeswap’s LP tokens using the borrowed BNB as collateral, providing users with lower risk and a safer investment option.
Also more types of single assets will be used as collateral in the second version, allowing more customized strategies available for users. The (1) borrowing BNB step mentioned in Crosschain Farming v1 only includes using BTC and ETH as collateral. However, more diverse Uniswap’s LP tokens with large market cap such as AAVE, COMP, and SNX will be included as collateral in v2.
Here are some other investment strategies we are considering adding onto such Crosschain Farming v2 update.
- Bunny single asset vault: earn liquidity yields by lending Bunny through Crosschain, and regularly farm using Venus like before when there is no Crosschain demand
- Double single asset vault: borrow two LP tokens from two single asset vaults such as 50% USDT and 50% BNB, and perform Crosschain Farming.