Pancake Bunny is a food-themed De-Fi protocol listed on Binance Smart Chain Network with over $600 million in total locked value (TVL) in block pools. It is a new fast-growing DeFi yield aggregator used for PancakeSwap.
Farmers can leverage PancakeBunny protocol yield-seeking trends to optimize their yield composition strategy. The platform offers customized strategies to meet the various needs of farmers.
Table of Contents:
What Is PancakeSwap?
PancakeSwap is among the many food-themed projects launched into decentralized finance.
Other projects that have food tokens include BakerySwap and SushiSwap. PancakeSwap’s native token is CAKE, a BEP-20 token on the BSC.
The PancakeSwap exchange allows users to access fast transactions and lower fees than other Ethereum projects. Asset holders can use the platform to perform several functions including exchanging BEP-20 tokens and offering liquidity in exchange for rewards. Users can also bet their tokens to earn from additional staking rewards.
Users can use the platform to;
· Offer cash on the stock exchange and earn rewards
· Trade BEP 20 tokens
· Stake CAKE to earn more CAKE
· Stake CAKE to earn tokens of other projects
· Token Stake LP (liquidity provider) to earn CAKE tokens
The main benefits of PancakeSwap include;
· Allow users to earn more tokens through staking.
· Quick access to transactions and low fees
· Avoid long and tedious KYC requirements.
BUNNY Price Forecast for the next 90 days
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
BUNNY Price Forecast 2025 – 2030 – 2040
Our forecast model sees BUNNY faltering in 2025 and falling to $0 or nearly $0.
The price of BUNNY in 2030 and 2040 could be close to zero as we don’t see a bright future for it in the distant future. The project doesn’t offer any unique value to stand out from countless competitors, so we don’t think it’s worth investing in this coin in the long term.
Liquidity Zaps
One of the main features of Pancake Bunny is the “Zap”, a feature that allows users to create any desired LP token with one click, allowing a quick and constant supply of liquidity. The protocol has an automated market maker (AMM) that saves users the hassle of having to create one.
Users can create their own LP tokens by selecting the pair to create, depositing the amount, and then clicking Zap. Formed LP tokens can be left composed in Pancake Bunny vaults or used to grow additional tokens.
Pancake Bunny 2025 – 2030
The Pancake Bunny project has a governance token called a token $BUNNY that is minted in relation to the fees generated. Currently a $BNB in fees generates $BUNNY tokens. Tokens were previously pegged to a $BNB generating ten $BUNNY tokens.
There are currently 482,926 tokens $BUNNY in circulation without a limited maximum supply. This is because the protocol is always creating new tokens to compensate for the reduced issuance as a result of changing the value of the token in relation to the fees generated. In addition, new tokens are constantly being created for the reward program in the vaults.
Cross chain
The Pancake Bunny platform is developing an Ethereum-based protocol that will be used for cross-chain farming. Ethereum users can use the new protocol to double liquidity through PancakeSwap and UniSwap and take advantage of BSC without having to interact with the BSC platform. While setting up a BSC wallet is simple, easy and straightforward, cross-chain allows users to maximize returns through dual mining.
The platform is particularly expected to resonate well with cryptocurrency holders who have long been reluctant to switch from Ethereum to BSC due to a lack of bridge resources. Cross-chain farming should make it easier to move tokens between PancakeSwap and the Ethereum network.
In addition to the Binance Smart Chain, Pancake Bunny has three additional products that fully support services and operations;
· Times
· Zap
· Governance
Times
Users can lock their assets into vaults powered by smart contracts to earn interest without risking their assets in any investment. Bunny users gain even more interest with the built-in auto-compounding feature that allows users to reinvest their earned tokens in compound interest. Yields are automatically composed every 24 hours in the vault. Auto-compounding saves users the hassle of having to manually redeposit earned tokens.
ZAP
Zap is an innovative feature that allows De-Fi users to create LP tokens with a single click and without having to go through any third-party website or pay additional fees. Zap is integrated into PancakeSwap to perform the required work in the backend. The product was introduced to improve the user experience by allowing users to tokenize their crypto asset without leaving the screen or switching to another platform.
Governance
Pancake Bunny users can earn BUNNY tokens in two ways; participate in yield farming activities in vaults; or purchase tokens using the Zap feature. BUNNY is Pancake Bunny’s native governance token used in platform development decision-making.
Users earn symbolic rewards by participating in governance and decision-making on the platform. To access the extra rewards you need to bet your assets in governance/liquidity pools.
There are currently 19 farms that are classified into four categories;
· BUNNY Staking Farm; users can use this farm to target their bunny while retrieving WBNB. There are no fees charged for using this farm.
· Farm BUNNY/BNB; users can deposit BUNNY/BNB tokens in exchange for BUNNY tokens. This farm charges a 0.5% commission on all withdrawals. Fees are charged only on transactions completed within 72 hours.
· Auto-compounding farms; The platform has a total of 8 farms that allow auto-compounding. These are USDT-BUSD, VAI-BUSD, USDC-BNB, DAI-BNB, USDT-BNB, BUSD-BNB, BTCB-BNB, ETH-BNB and CAKE-BNB. The platform charges a withdrawal fee of 0.5% plus a performance fee of 30% of profits from the vaults.
· PancakeSwap Farms Maximizer; This platform allows users to automatically compose their profits and earn more rewards.
Tokenomics
Unlike most performance aggregator tokens on the Binance Smart Chain that have a cup on their maximum supply, $BUNNY is not limited. The team mints 5 BUNNY tokens for every 1 BNB earned on the farm in performance commission. The development team will be allocated 13% of the total token supply to ensure continuous innovation and protocol development.
The Pancake Bunny Team
Pancake Bunny is a product of the MOUND team. The team consists of entrepreneurs and developers with extensive experience in social platforms, gaming, blockchain applications, and quantitative financial services. The MOUND team is dedicated to ensuring that cryptocurrency holders have access to composed, high-yield returns.
The team is focused on value for its users through product innovations and refining the user experience. Other projects the team is working on include Smart Vaults.
Storage and staking on Pancake Bunny
Pancake Bunny users can cultivate the BUNNY governance token while earning by accumulating interest on the stored value. The protocol website has step-by-step explanations on how to deposit and bet on Pancake Bunny.
Users can bet their $BUNNY at Bunny’s stake farm to earn WBNB. With staking, asset holders contribute their assets in smart contracts to be used in validating transactions on the network. Users earn a return for wagering rewards that depends on the number of tokens wagered.
Users also need to bet on a significant amount of tokens to increase their chances of being selected as validators. In addition to the amount of tokens held, wagering times and inflation rate also determine the level of wagering prizes. Bunny Pancake users can bet BUNNY at BUNNY farm which is not compatible.
First, users need to select their preferred wallet to store their assets in Pancake Bunny. The website has a long list of crypto wallets to choose from, including Metamask.
Deposit at Pancake Bunny
· Users can store goods in Bunny by visiting the “Farm” page on the Pancake Bunny website
· Click on the wallet to link your favorite wallet
· Click Farm and scroll down to access available yield growing protocols
· Click on the specific farm that will take you to a separate page where you access the step-by-step procedure on setting up your wallet.
· Click the ZAP function to directly trade your assets held in LP tokens. The feature automatically performs the token change.
· Traded tokens are deducted from Metamask wallet balance
Can you manually combine profits in the Pancake Bunny vaults?
Unlike Pancake
Bunny, Pancake Swap has no auto-compounding capabilities, meaning users have to manually reinvest the profits earned to earn compound returns. The manual process is not only expensive, but also time-consuming.
Determination of daily percentage gains
The APY composed on the Bunny platform is always floating in response to the ever-changing APY. Moreover, APY is calculated through exponential growth and not linearly. This means that token holders can continuously earn exponential returns on their assets as long as they keep them deposited on the platform.
Transaction fees
While there are no fees charged on deposits, the platform charges a fee on all withdrawals, but only paid if the transaction is completed in 72 hours. Users who wish to withdraw freely can do so by selecting a transaction period outside the 72 hours.
An additional 30% performance fee is charged on all farms and funneled into the premium pool where the company draws rewards for BUNNY’s staking.
There is a relatively higher gas tax intentionally designed to ensure that no transaction rebounds. Transaction failure can occur due to the complexity of smart contracts that have to execute billions of instructions in a short time.
Risks associated with breeding on Bunny
There are mainly two risks associated with breeding on Bunny; Systematic risk and idiosyncratic risk. Systematic risk mainly involves the fall in value of deposited assets, while idiosyncratic risk is the risk associated with the actual project.
Is Bunny controlled?
Bunny is audited by Haechi Labs, which recently completed the first audit and released very positive results. The audit did not reveal any threat of major issues that could compromise network security.
PancakeSwap’s social media presence
PancakeSwap is working to build a strong and sustainable community and social media is one of the targets. The creators of the project are very active on social media and the company always publishes promotions and giveaways on its Twitter account.
With over 5,700 active users, PancakeSwap is ranked as the largest DeFi protocol on Binance Smart Chain. In addition, the platform has over 8,000 farmers in its Telegram channel.
Future
The Pancake bunny project is still new and under further development. The platform is expected to attract more investors, developers, and additional innovative features. The platform is becoming fully integrated into the BSC ecosystem. This is in addition to other single-asset vaults.
Pancake Bunny Partnership
Pancake Bunny has signed a partnership with Pancakeswap through the new farm and syrup pools. The new partnership will allow users to bet on Pancakeswap and earn $BUNNY. The partnership is particularly important for Pancake Bunny as it is built to aggregate Pancakeswap returns. The partnership is a further support and endorsement for BUNNY.
The MOUND team recently announced that they had raised $1.6 million in funding, part of which will go to revamp their agricultural aggregator Pancake Bunny. The funding was led by Binance Labs with other participants including IDEO CoLab and SparkLabs Korea. According to the team, Pancake Bunny has grown rapidly and currently has more than 30,000 users and has accumulated over $2.1 billion in total locked value (TVL).
The MOUND team intends to use the new funding to expand the yield aggregator and launch new products. Products already launched by the team include Smart Vault and Cross-Chain Collateralization. The team developed these products to bring the startup closer to its mission to cover different DeFi use cases.
Smart vaults are used to cultivate the returns of individual assets on loan products. The system automatically checks to confirm leverage costs against expected returns. However
Cross-chain collateralization is a cross-chain yield agriculture used by farmers to keep resources on their native blockchain without using a token bridge. In this case, the user’s original assets are used as collateral by the Bunny protocol to borrow funds from the Binance Smart Chain. In this way, users can keep their assets on the native blockchain and also access liquidity to generate returns on the Binance Smart Chain
.
