How to maximize your bbBNC yield?
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The principle of maximizing bbBNC returns is simple:
The larger your proportion of bbBNC holdings is in the total supply, the more protocol revenue sharing you will receive, thus increasing your APY.
There are three ways to maximize your bbBNC returns
Extend BNC & vBNC locking
Deposit vToken & vDOT-BNC LP for an additional boosting
DO NOT unlock your position too early
If you have an existing bbBNC position, go to "manage" and click "Extend" to view the effects of extending.
As shown in the table below, the amount of bbBNC received correlates directly with the lock-up duration. Locking one vBNC for four years (with locked BNC automatically converting to bbBNC at the vBNC exchange rate) provides the maximum bbBNC amount. However, a 3-month lock-up would require about 3.3 times more principal to achieve the same results as a four-year lock.
3 months
0.296875
6 months
0.3424
1 year
0.4375
4 years
1
In general, you can stake vToken or BNC-vDOT LP to amplify your existing bbBNC amount, similar to a power-up buff. However, this boost will disappear when you withdraw your staked assets.
Two key indicators determine the boost weight:
The proportion of staked LP & vToken in total supply
The proportion of staked LP & vToken in total staked amount
To achieve a higher weight, both ratios need to reach certain levels. The following example will demonstrate different weight scenarios for users A, B, and C:
In this example, although User B has deposited a considerable amount of vTokens, their boost coefficient has not reached the maximum value due to the large total supply of vTokens. As for Users A and C, who have locked different amounts of LP, their boost coefficients vary significantly with changes in locked amounts due to the smaller total LP supply
