BTESTA Guideline Summary
Joining our protocol, you can choose to be Lender, Borrower, Liquidity Provider, Refueler, or Destroyer.
BTESTA’s Vaults: BUSD, BNB, USDT, ETH, USDC, and BTCB
🙋♂️Lender
Lender have to deposit their desired asset on the space system in order to get high borrowed interest APR back depending on the utilization rate and get $BTESTA reward from staking ibToken.
Utilization Rate = Total Debt Issue / Total BNB Deposit x 100
🎢Utilization rate 0–50%, borrowing interest rate goes from 0–25%
🎢Utilization rate 50–90%, the borrowing interest rate is fixed at 25%
🎢Utilization rate 90–100%, the borrowing interest rate goes from 25–100%
*The more asset borrowed, the more borrowed interest rates will be.*
🙋Yield Farmer (Borrower)
Borrower have to choose their desired farming pool and add token of the supported pool and/or just asset you want to borrow (one side) into the space system with the leverage (we provide up to 6x) they wish. Protocol will create out LP token with 50:50 ratio (eg. BNB-BUSD) so the protocol need to convert some of your borrowed asset to another paired asset to make both assets’ portion equal.
Example: in the BNB-USDT, there are 6 cases;
- Add BNB only x1 — no leverage, no destruction occurred.
- Add USDT only x1 — no leverage, no destruction occurred.
- Add BNB with leverage x1 x1.5 x2 x2.5 x3 with minimum borrowed amounts of 0.2 BNB.
- Add BNB and USDT with leverage x1 x1.5 x2 x2.5 x3(the system will calculate how much USDT users put equal to how much BNB amount) with minimum borrowed amounts of 0.2 BNB.
- Add BNB and USDT only x1 — no leverage, no destruction occurred.
- Add USDT only with leverage x1 x1.5 x2 x2.5 x3 (the system will calculate how much USDT users put equal to how much BNB amount) with minimum borrowed amounts of 0.2 BNB.
Borrowing Interest APR depends on Utilization Rate: Utilization= Total Debt Issued divided by Total Asset Deposited * 100
The position will be open when clicking ‘Farm’. User’s positions are available to see;
🪐Position Value:
Total users’ position values. Position value can be recognized as your asset value, the value can get from ‘Station’ Smart Contract.
🪐Total Debt:
The total debt amount (borrowed asset + borrowing interest). Total debt of a position or position debt, the value can get from ‘Station’ Smart Contract.
🪐Debt Ratio:
Debt proportion per position’s value. If hitting ‘Terminator’, the destroy chance will be occurred
🪐Current APR:
The current APR profit.
🪐Earning $BTESTA as a reward
🙋🏽Liquidity Provider
Liquidity Provider can add liquidity to receive BTESTA/BNB LP token for staking. They must have both BTESTA and BNB in hand! And put the amount of BTESTA and BNB in the equal ratio of 1:1 on PancakeSwap.
🪐Staking LP token to get $BTESTA reward
$BTESTA address : 0x692cdf8e8f33a8e4b07d1c8ce1763fa70db3a4e4
🙋🏽♂️Refueler
Users can call a refuel function to sell all yield farmed tokens for that borrowed asset, and reinvest into the yield farming pool, earning 3% of the total rewards in the process. Refueler must pay for a gas fee every time they press ‘refuel’
🙋🏻♀️Destroyer
The destroyer can destroy the position and receive a destructive bonus which is 5% of the position value. The position will be destroyed when total debt exceeds the terminator (see the terminator rate at Space key parameters). The least of the position’s asset after paying back the debt will be transferred back to the position owner.
Join BTESTA.Finance
🌐Website: https://www.btesta.finance/
🌐Official Telegram: https://t.me/BTESTAfinance
🌐Twitter: https://twitter.com/btesta_finance
