Jun 2, 2021
A brand-new generation of platform for full spectrim yield-farming based on open-source algorithm — — Beacons leads single-token yield-farming with upsurge omomentum
In 2020, the most popularity in blockchain industry lies in DeFi open financial yield farming, and the emergence of DeFi has lighted the speculation sentiment of the overall market. Although DeFi emerges to revolutionize the limitations of traditional finance, it seems at present that its development will remain long in a sprouting stage of new born.
There is no comprehensive application system for DeFi in the ecological aspect. On one hand, DeFi, based on blockchain technology, is quite new without precipitation. On the other hand, the total market value of cryptocurrency accounts for only 0.3% of the overall financial system value. However, from the overall view of the whole market, it can be seen that the current DeFi system has become the most important emerging trend of finance.
At present, the entire DeFi market has continously created wealth myths with the emergence of yield farming. More and more investors have noticed the importance of “initial farms” (initial farms refers to the initial assets mined when the staking is launched on line). For example, in the initial stage of bitcoin mining, there were fewer participants, with more assets (mines) released, less participation difficulty and higher yields. Therefore, initial yield farms becomes one of the most favored opportunities for investors.
Recently, Beacons has set off a wave of single-token yield-farming boom in the coin circle by virtue of its original brand-new generation of system for multi-strategy consolidated yield-famrs based on open-source algorithm. With algorithmic program, the platform automatically matches the currencies pledged by users with multiple mining strategies to synthesize the Best Strategy Portfolio (BSP), and offers multiple mineral options, high efficiency compound interest and saving of service charge, thus enabling simplify the participation mode and easily realizes one-key mining for users.
I. Introduction to the project Beacons
Abbreviation: Beacons
Project introduction: Beacons is the first yield-aggregator on BSC ecosystem for full spectrum yield-farming based on open-source algorithm. The tokens staked by users are matched automatically by smart contracts, in combination with the strategy of lossless hedging strategy, to maximize users’ yields stably and safely. It effectively solves the paradox between relatively low yields on single-token yield farms and the relative high risks of impermanent loss on LP yield farm.
Token issued: Lumin
Total amount issued: 12 million pcs
Allocation of token:
60% coming from rewards gained of yield farms (by rewarding users for their mining, which is released linearly in 36 months);
10% coming from the community promotion mechanism (through the user promotion invitation mechanism, which is released linearly as per the invited mining volume within the first 12 months of the project launch);
20% coming from DAO risk control fund (Beacons Dao, a governance fund for decentralized projects, is given as a mechanism of long-term development and risk allowance for the project);
10% coming to the project team (Lumin, the token, is reserved for the project team and is released linearly within 24 months);
The governance token of the platform Beacons is Lumin. Lumin holders can participate in the future development and governance of the Beacons project and benefit from multiple perks and incentives from holding Lumin.
II. Seven Competences of Beacons
As the first full-spectrum yield-farming aggregator based on open-source algorithm deployed on the BSC ecology, Beacons seamlessly offers single-token yield farms for BNB, CAKE, USDT and BUSD via innovative farming aggregation strategies. It lowered entry-barrier for new blockchain users with following core competences.
1⃣️ Automatic compounding strategy and the whole network monitoring
The platform Beacons accurately calculates the optimal compounding strateg via innovative farming algorithm. The protocal automatic tracks users’ yield-farming performance and offers token real-time rewards withdrawal, liquidiation for profits and compounding to further enchance APRs and APYs with one-clieck experience.
2⃣️ Nondestructive mining achieves stable yields
The platform initially launched Single-token yield-farming pools (such as USDT, BUSD) with relatively low down-side risks to enable users to obtain steady returns. In nature, users token assets are stored in battle-tested and fully audited decentralized pools binding by Beacons smart contract. Compared with relatively high impermanence losses generated by LP token yield farms, the single-token yield-farms will hardly incur any impermanence losses to damage overall yields.
3⃣️ Flexible switch on yield payments
After the launched of V2 version, users can choose from native token yield pools or Lumin yield pools. Beacons platfrom enable users to creat synthetic trading paris between supported tokens and Lumin to supply liquidity on multiple swap platforms. User will benefit from multiple incentives from providing liquidity for Lumin tokens.
4⃣️ Open-sourced yield-farming strategies
The platform invites AMM, DAO and various other yield-farmers to supply farming algorithms. The providers of patended yield-farming algorithms are incentivized by by bonus pools according to their algorithm strategy utilization rates; participants can choose from multiple yield-farming strategy pools with trackable and verifiable returns performance. Algorithm providers enjoys part of the carry from yield farmed from participants as well ass Lumin token rewards. Fresh users will gain instance access on yield-farming strategies offered from experienced formers.
5⃣️Optimal Farming Strategies Aggregation
Users are enabled to select from AI-empowered Best-Strategy Portfolio (BSP) offered in the Beacons platform the future. They can also choose from simplified strategy portfolios according to own will and juedgment. Gaining optimized yields via pools has never been esier.
6⃣️Community promotion mechanism
The platform V2 of Beacons will launch the community promotion mechanism, under which community volunteers may invite new users to mine, adding to TVL (total value locked) of the platform while earning the bonus of Lumin, the platform token.
Currently, as one of the most important tracks in blockchain field, DeFi has become a new goal of market competition. As a later player, Beacons is expected to become a head one, relying on its powerful open-source algorithm strategy, simple operations and multiple yield reward mechanism. With the improvement of ecological function and plate layout of Beacons, the number of users has expanded rapidly, combined with its original mode of automatic re-investment strategy and combustion mining mechanism makes the circulation of Lumin less and less, “its price is bound to spiral up in the future”.
Statement: (the views of this paper are personal only to the author, and does not constitute any investment suggestions. Project Beacons implements decentralized governance and abide by relevant laws and regulations in Chinese mainland and overseas jurisdictions.)
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