I have just invested and staked in the new BUSD Pool of Koala Defi.
It is a new BSC Defi that has opened its farms and pools on 1st March 2021.
Koala Defi has been actively organising new contests as well as finding new ways to promote its service.
It is also constantly burning its tokens to reduce the impact of excessive tokens being produced.
It has already submitted for audit by Certik and the report is supposed to be out around 16 March 2021.
Certik is certainly extremely busy since many BSC farms seek to get their code to be audited to gain trust from investors so a delay can be expected for the release of its report.
There is a high chance for its token to rise significantly once the audit report is out since it happens to most BSC farms. I guess there are investors out there that are constantly looking at certified BSC farms.
Getting in now and get the token while it is cheap before the audit report may just help us to gain a nice profit. Nevertheless, it is still a risk as no one can predict the future of its popularity especially we have seen quite a number of rugpull on BSC farms recently.
Its BUSD Pool has started on 13th March 2021. The details of the BUSD Pool can be found in the below publication by Koala Defi.
Koala Defi is using the Koala Deposit Fee collected non-Lyptus farms and pools to redistribute the value back to Lyptus holders who decided to stake and earn a stable coin like BUSD.
It is nice to earn a stable coin like BUSD while waiting for the price of its token to rise.
Koala Defi is still testing out the impact of the new BUSD pool and it has predicted that this new BUSD pool would end about 7 days with its deposited fund fully distributed to stakers.
As a BSC farm with certik audit on its way as well as the attempt to find new ways to engage its investors, it does seem to have the potential.
With its active communication on telegram as well as twitter with its contests, it may just be an undiscovered gem.
One has to evaluate on our own as well as the level of risk that we can afford to take.
We should never invest in money that we cannot afford to lose regardless of how attractive the reward may be.
Disclaimer: This is my personal reflection and I am not in any position to instruct anyone what they should do. I am not responsible for any action taken as a result of this post. My post can only be a reference for your further research and growth. By reading this post, you acknowledge and accept that.