Dear BCDC community members,
We are happy to announce that BCDC will be launching a Vaults/EARN service onto its platform in July. This Vaults/Earn service is similar to that of Yearn.finance that allows DeFi investors to make profits from yield farming products conducted by smart contract strategies using various DeFi protocols. Unlike most Vaults services provided by other DeFi protocols, BCDC’s Vaults/Earn will provide our community with the best performing yield farming vehicles in the form of CeFi as well as DeFi. We believe that this will provide a connection between CeFi and DeFi platforms and this will get one step closer to the motto of the BCDC platform.
Annual Percentage Yield (APY) of other DeFi Vaults functioned by smart contract strategies may appear incorrect to potential investors because it changes every day depending heavily on market conditions. Therefore, we begin with smart contract strategies utilizing CeFi protocols and expect to provide more precise and stable APY’s to our community with the backing funds of CeFi platforms, similar to lending by commercial banks, so to speak. Ce-Fi-protocols-driven vault strategies could also provide more safety and prevent asset losses from flashloan attacks, etc.
As announced through online article, BCDC Team is currently working on building NFT Market to provide ENFT contents to our community and users. The further details on both product will be announced when the beta version of platform is ready to be launched.
Thank you and stay tuned for our new updates!