Hey Yetis! Did you miss us? It’s been a little while since we did an article so we wanted to bring you up to speed about our latest and greatest. So let’s not dilly-dally and get right into the nitty-gritty.
New SnowBanks
Oh boy here we go, we have a TON of new SnowBanks for our users. By tapping into new protocols like BakerySwap, ApeSwap, while expanding our reach on PancakeSwap, we are bringing new ways for our users to passively generate income. And there’s still plenty of yields to farm here, check out the 100%+ on BUSD-BNB.
We even incorporated a WATCH-BNB vault that counts towards the Yieldwatch pro features. Now you can still keep that pro status while earning multiple rewards. Neat!
More AMMs
As we’ve previously mentioned, we have onboarded BakerySwap and ApeSwap for our vaults. Some users have been confused about how to utilize these so here’s a quick explainer.
Previously our vaults were tied exclusively to PancakeSwap so all liquidity pairs (LPs) were created there, then imported over to the SnowBank. With the other protocols, the process is the same, except you will create your liquidity on ApeSwap and BakerySwap respectively. This will be the same process for any other AMMs we decide to onboard. Do you have a favorite DeFi site you’d like to see on the SnowBank?
GALE Update
Our early SnowBank adopters (this Yeti included) were all very curious about how GALE would work and how the price appreciation would work. We are very happy to say that GALE has been a massive success so far.
We currently have over $125K in GALE accruing interest, and the price has already jumped up to over $0.50. Fifty cents might not seem like much, but it’s a huge leap considering it debuted at just $0.000001. FYI, the only way to get GALE is to actively earn it through the SnowBanks or rotating Blizzard pools.
Not only that, but our SnowBank has over $17M in TVL, with Blizzard overall TVL sitting around $23M. This tells us that the vast majority of our users prefer to use the SnowBank.
In case you weren’t aware (or forgot), GALE is just one of the assets earned from the SnowBanks. You also earn xBLZD, our native utility token, and ibBNB, an income-generating BNB asset. And thanks to Yieldwatch, users can keep track of these on their updated dashboard. How many other yield farms offer THREE reward tokens?
But What if I Want to Buy Gale?
Ah, this is a great question. We specifically kept GALE as an “earned-only” asset to protect our users and to prevent price manipulation. By keeping GALE tied to the SnowBanks, we are building increased utility into the Blizzard ecosystem.
Are We Done Yet?
Just about! We wanted to end with a way for users to earn that GALE natively, without relying on other yield farms. Now in the Blizzard pools, we have support for BANANA, WINGS, and GALE. That’s right, we snuck that one in for the eagle-eyed yetis who are clamoring for more xBLZD uses.
These pools work the same as before: deposit xBLZD, earn the displayed reward token. We expect more people to get into the BANANA pool since we have a corresponding SnowBank vault.
Wrap It Up For Me
Ok ok I know you’re busy. So here’s the rundown:
- News SnowBanks
- New Blizzard Pools
- GALE a resounding success
- Expanded xBLZD uses
Remember, you can always find us in our Telegram with over 6,000 users so far. And keep an eye on our Twitter for announcements, contests, and hints about what’s coming up from our roadmap. Until next time Yeti’s: Game On.
P.S. Did you catch the newest GoT-themed video?
