🍬Purse LP Vault (Pancake Swap)
Last updated
Last updated
Purse-USDT LP vault is an auto-compounding strategy that allows you to earn yield on Pancake-Swap LP tokens automatically without the hassle of having to sell tokens, provide liquidity, and farming yourself.
By providing LP tokens from Pancake Swap in in Baklava Space, users can:
harvest 100% of earnings from Pancake Swap
auto harvest LP profits from Pancake Swap and reinvest back
get $BAVA tokens through inflationary rewards
We expect the APYs will be 1.5 - 2X of what you provide on Pancake Swap. Eg: if your PURSE-USDT LP gives you X% APY, by letting us help you auto harvest and get BAVA rewards, your APY will increase to 1.5 - 2X. Very importantly, each pool is different so DYOR.
Method
Deposit Pancake Swap LP tokens into vault to earn $BAVA inflationary rewards. Yields from LP tokens are reinvested to further enhance returns.
Yield Source
Pancake Swap farm yields and Baklava Space
Principal Protection
No principal risk. No credit risk as LP in the vault is not lent out.
Principal Lockup
No lock up, able to withdraw principal anytime.
Payout
Payout in tokens from Pancake farms (eg:$PURSE) & $BAVA.
Start date
Feb 2024
Supported Pairs
PURSE-USDT
Withdrawal Fees
0.5% withdrawal fee
If you’re a PURSE-USDT PancakeSwap LP farmer, you can deposit your LP Token in this vault.
After depositing the PURSE-USDT LP token, you can check BRT, the auto-compounding token of the LP token in your wallet.
