Powered by PancakeSwap, BSC Citadel is the next gen Citadel after our DAO Citadel, the DAOventures flagship product. Citadel originally means ‘the core fortified area of a town or city’, where you can trust as the strongest part of the whole system. Crypto Twitter often refers to an imaginary promised land in the not so distant future known as the Citadel. Here you can imagine the Citadel being strong with hodling major cryptocurrencies.
Meme related to this citadel is based on a Reddit post written by a time traveller, supposedly from the year 2025, who had gone back in time to the year 2013 to inform bitcoiners what the utopia of the future looks like. If you have bitcoin, you can enter the Citadel. If you don’t, no entry for you. This strategy aims to be your passport into the Citadel!
BSC Citadel strategy is very similar to DAO Citadel strategy on Ethereum mainnet, but built on BSC network to take advantage of the lower gas fees. With lower fees guaranteed on BSC, the users can enjoy higher yield farmed and compounded more frequently. This strategy is a true efficient strategy for users’ capital.
According to the designed allocations, the tokens are paired up with major cryptocurrencies on BSC to create liquidity and farmed on Pancakeswap. The majority of the allocation goes to BTCB and user assets into a balanced basket of top tokens to minimise risk yet taking full advantage of the growing crypto ecosystem, BSC. Portfolio components are chosen based on criteria such as market cap, popularity, and development.
With this, the overall strategy not only benefits from the appreciation of the price of the tokens but also benefits from the additional rewards the liquidity pools offer. For compounding, the rewards for farming CAKE generated by the liquidity pools are then automatically sold at regular intervals and are then reinvested back into the LP.
- 40% BTCB (wrapped BTC)
- 25% ETH
- 20% BNB
- 10% CAKE
- 5% BUSD
The actual pairs provided in this strategy look like this:
- 50% BTCB-ETH
- 20% BTCB-BNB
- 20% CAKE-BNB
- 10% BTCB-BUSD
Incentives earned from yield farming these pairs would automatically be compounded by our smart contracts. The portfolio will be rebalanced to reset the strategy back to its standard allocations and weights laid out above so that you will always maintain a balanced allocation!
A standard risk when it comes to providing liquidity on decentralized exchanges is impermanent loss. If you want to know more about the impermanent loss, please check this article, made by Binance Academy.
Besides the standard 0.5%-1% deposit fees and 20% profit sharing fees (see here for more details), there is a 10% fee on the yield farmed which is used to pay the gas fees associated with harvesting rewards and depositing LPs.
DAOventures is a DeFi ETF Index Fund for fund managers and crypto investors. Its mission is to make DeFi simpler, more accessible, and inclusive. DAOventures provides baskets of auto-compounding LPs, upon innovatively designed crypto ETF index funds.