White Paper
Abstract
The amount of DeFi yield farming tracking platforms is on the rise these days, yield farmers can chase the highest yield and split investment to multiple platforms. With Binance Smart Chain’s low gas fee, yield farming on Binance Smart Chain is more appealing to both DeFi developers and users. Tracking farm portfolios, token prices and making decision for unstake funds from each farm essentially are chores for yield farmers and to track all of the necessary details to maximize their farming at once can take up to more than 10 tabs on the browser and nearly 20 minutes for one session, most yield farmers repeat these tasks multiple times daily. SafeBSC is a useful tool built by yield farmers with experiences, for yield farmers to safely track their farming portfolio and furthermore, secure their fund by unstake their fund and claim reward with accurate value regardless of the accessibility of their favorite yield farming platform. This process can be done anytime possibly within a few clicks on a single page.
Introduction
Yield Farming, in essence, is a way of trying to maximize a rate of return on capital by leveraging different DeFi protocols. Yield farmers try to chase the highest yield by switching between multiple different strategies. If the strategy doesn’t work anymore or if there is a better strategy available the yield farmers move their funds around. With experiences in the field of DeFi development and Binance Smart Chain yield farming, SafeBSC is built by Binance Smart Chain yield farmers to ease the pain for Binance Smart Chain yield farmers. Decreasing time spent manually tracking farm portfolio, token prices and making decisions for unstake funds from each farm. Allowing users to unstake their funds despite the situation of their favorite yield farming platform increasing security for users from any misfortunate circumstances such as fraud, rug pull, or platform downtime. Additionally, users can track their yield farming portfolio with accurate value, real-time token graphs, and harvest their farms possibly within a few clicks on a single page. Reducing the time consuming chores and the risks of impermanent loss due to any circumstance of their favorite yield farming platform for Binance Smart Chain yield farmers. In addition to this, SafeBSC is one-hundred percent community driven. Users’ satisfaction is our top priority. We are creating a community for users to take part in. Users can freely request new Binance Smart Chain yield farming protocols or features into our platform, ask any questions related to yield farming, or give feedback to us directly. Our team is spontaneous and willing to implement new protocols or features into our platform, furthermore answering any questions users might have and keen to give insights about yield farming. In this paper, we discuss the platform's core mechanisms and how one-stop yield farming portfolio can reducing the time-consuming chores and the risks of impermanent loss due to any circumstance of their favorite yield farming platform for yield farmers.
Key Features
Monitoring farming portfolio on Binance Smart Chain with details.
Whale Tracking big wallet can do no harm if tracking their movements for better yield farming strategies.
Price Chart checking for farm token on Binance Smart Chain.
Unstake or Withdraw token or liquidity providing token.
SOS initially unstake or withdraw regarding to the threatening circumstances of farming protocol.
Claim your farming rewards safely to your wallet.
SafeBSC Farm tracking Portfolio on Binance Smart Chain Yield
SafeBSC is a one-stop yield farm tracking portfolio on Binance Smart Chain for Binance Smart Chain yield farmers. As of writing, SafeBSC portfolio is supporting over 45 protocols, implementing 6 unique key features. Gained more than 3,500 active users and over 20,000 page views within 14 days after launching the platform. In this session, we will detail each unique key feature of SafeBSC Binance Smart Chain yield farming portfolio.
Portfolio
SafeBSC platform allows anyone to connect BEP-20 wallet used for farming in order to monitor and track their farming assets within their portfolio. SafeBSC portfolio is supporting over 45 protocols and each protocol will display all farming pools individually in details. Users can add BEP-20 token to appear in their portfolio by adding a token address via “Add token” feature. All assets are displaying both as amount of token and equivalent amount of US Dollar. Moreover, users can access their portfolio by entering their wallet address in search bar or after the URL (i.e., https://safebsc.finance/?0x0000000000000000000000000000000000000000) which can benefit mobile users. The platform summary 4 types of asset within portfolio, both as amount of token and equivalent amount of US Dollar.
Net Worth= (Total asset + Total wallet + Total yield ) - Total debt
Total Asset = All farm in total
Total Yield = All yield in total
Total Debt = Alldebt in total
Whale tracking
With the ability to access portfolio with wallet address, SafeBSC provides users whale’s wallet addresses to track whales’ activities among yield farming protocols. Giving users insight to analyze whales’ movement and make better decisions for their yield farming strategies.
Farm token price chart
Price chart is one of the most useful tools for tracking and analyzing the value of tokens. As of writing, SafeBSC is included with real-time 68 token price charts supported by oracle price from Band protocol. Reducing the time spent and tabs on users’ browser looking around for token price charts.
Unstaking, or Withdrawing farm token or liquidity providing token
Yield farming and liquidity providing offer plenty of opportunities along with high return over time. However, there are potential risks emerges daily in the world of DeFi. Mildly frustrating events such as protocol migrations, price drops, or APR/APY drops can happen within users’ favorite yield farming pool unexpectedly. SafeBSC supports users with the ability to unstake or withdraw their token or LP token within a few clicks on the same page users are monitoring their portfolio, directly to their wallet without additional fee for using the feature. The only fee collecting in these processes would be transaction fees and gas fees paying straight to yield farming protocols themselves.
SOS
For unfortunate to threatening events such as DDOS attacks, scams, or rug pulls, these events can happen to users’ favorite yield farming platform out of the blue. In the case of such unfortunate events leading to inaccessibility to yield farming protocols’ traditional unstaking or withdrawing, SOS feature allows users to initially withdraw their token or LP token directly to their wallet without additional fee for using the feature. The only fee collecting in these processes would be transaction fees and gas fees paying straight to yield farming protocols themselves.
Claiming farm reward
By using our Claim feature, users can claim their farming yield or reward in accurate value without paying any additional fee for using this feature. The only fee collecting in these processes would be transaction fees and gas fees paying straight to yield farming protocols themselves.
SafeBSC has announce platform’s governance token, “SCZ”, pegged for total amount of 100,000,000 SCZ. 80% of tokens will be locked in Time-Lock account for 6 months. Moreover, announcing private sale for early adopters to be part of the journey.
Token allocation
Token private sale data
SafeBSC token supply distribution (%)
SafeBSC token overview and use-cases
The SafeBSC token has the following planned and current use cases:
Liquidity mining: Users will be able to earn $SCZ token as rewards for providing liquidity in SafeBSC liquidity pool.
Premium features access: SafeBSC’s premium features are exclusively for SCZ token holders with 100 USD worth of SCZ.
Advance features access: Advance features provide yield farmers critical utilities to maximize their potentials in yield farming strategies. The featurescan be purchase with SCZ.
Conclusion
The rising of yield farming on DeFi area is creating more possibilities to yield farmers, therefore, the area comes with potential risks yield farmers required to handle with. Yield Farming is a way of trying to maximize a rate of return on capital by leveraging different DeFi protocols. Yield farmers try to chase the highest yield by switching between multiple different strategies. If the strategy doesn’t work anymore or if there is a better strategy available the yield farmers move their funds around. SafeBSC is a one-stop yield farming portfolio on Binance Smart Chain for Binance Smart Chain yield farmers, running by the team with expertise in DeFi developing and yield farming offering critical features for anyone in yield farming community. By reducing the time spent and tabs on users’ browser gathering data and insights for their better yield farming strategies using SafeBSC can greatly decrease the risks of impermanent loss due to any circumstance of their favorite yield farming platform for yield farmers.
Disclaimer
This paper is for general information purposes only. It does not constitute investment advice or a recommendation or solicitation to buy or sell any investment and should not be used in the evaluation of the merits of making any investment decision. It should not be relied upon for accounting, legal or tax advice or investment recommendations. This paper reflects current opinions of the authors and is not made on behalf on SafeBSC’s developers or its affiliates and does not necessarily reflect the opinions of SafeBSC’s developers, its affiliates or individuals associated with SafeBSC’s developers. The opinions reflected here in are subject to change without being updated.
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