What is Jetfuel?
The Binance Smart-Chain fast and cheap transactions made way for new projects and platforms that bloomed under CZ's umbrella. Venus Finance, Pancake Swap, Beefy Finance or Ditto Money are few of the big names that bloomed on BSC.
Humans, animals or machines, we all need fuel! Every crypto enthusiasts has to do his won research that will fuel his investments. The Binance Smart-Chain started to fuel a movement that was sick and tired of Ethereum high fees!
A lot of "fuel" in the last sentences, but that's just an introduction for JETFUEL FINANCE, the deflationary yield optimizer on Binance Smart-Chain. The Dev Team analyzed the most successful yield aggregators and farming projects on both the BSC and Ethereum network and created their own work of art containing all the top attributes of leading projects such as YFI Finance, BIFI, FRY and Pancake Swap.
Jetfuel uses vaults for automated yield farming. The "Vaults" are smart contracts that will use assets as liquidity to provide collateral. By managing the collateral to reduce to level of liquidity, the smart contract will use the assets to generate a yield and compound the profits. But this is not your traditional yield optimizer, as Jetfuel evolved the concept of farming and compounding. If most yield farming projects are compounding the yield daily, Jetfuel will compound the rewards every four hours to maximize the profit.
The native token, $FUEL, is used in the Jetfuel farming ecosystem and can be earned from Vaults and staking. For fair distribution of $FUEL, the token was earned from the Fuel Depot. As part of the fair lunch, all initial tokens were distributed through farming, with no pre-farming, pre-mint or giveaways.
The most important aspect of the FUEL tokenomics is that a 2% transfer fee is incurred for every transaction. From the 2% transaction fee, 50% is burnt as part of the deflationary attribute and the other 50% is sent to The Hangar.
The Hangar is used as a distribution system for JET allocation, the governance token.Everyone wo stakes $FUEL will be rewarded with JET tokens, which can be used to vote on proposals. Similar to every DeFi project, the biggest JET holder will have the most voting power.
JetFuel "Air" Map! We talk about planes, jets and fuel so it must definitely be called "Airmap". The Binance Smart-Chain will let Jetfuel fly high, and help the break the speed of sound! The first parts of the "Airmap" were already achieved, such as release, farming, vaults and stacking. The next points on the agenda are NFTs, governance, the addition of new staking assets and the Jetfuel Accelerator and Grant Program. I noticed that the progress plan included Jetfuel addition on Ethereum chain but I personally don't see any advantage for this move, at least on the short term development.
As an addition to all the above top attributes and a wide range of Vaults and staking options, Ditto joined the project and offered an Audited Boost of Cake and BNB farming vault by using the Ditto-BNB LP. The farmed CAKE and boosted Binance Coin (BNB) is currently used to create more Ditto-BNB LPs and is redeposited into the vault which lead to more profit for LP providers.
How to add FUEL - BNB LP in Jetfuel Vaults
Is easy as ABC to supply liquidity in the Jetfuel vaults. So easy that can be explained in 21 seconds! See my quick video or follow the infographics to learn how to stake LP into vaults.
The first step is to connect your wallet. Make sure it is on Binance Smart Chain.
When the wallet is connected, the full dashboard will be available. Click on the Vaults to see the available options.
The B-29 Superfortress has a 21,700% APY, which means 1.486% per day. This vault requires Fuel - BNB LP and the total locked value is nearly $4,000,000. The B-29 Superfortress is one of the best rewarding pool on Jetfuel, and on the market.
If you have the Fuel - BNB LP, this can be deposited with a single click! If not ... you can buy it from Pancake Swap.
Pancake Swap offers the best option for Binance Smart Chain LPs, with the smallest fees.
The staking simplified, and investors can stake all the balance by using the "Use Max" button. Click deposit and wait for the transaction to be confirmed. Once completed, the LP will start generating rewards.
The Jetfuel Dashboard - a PVM guide
To access all the Jetfuel income tools, users must connect their wallet to the platform. If the wallet is not set on Binance Smart Chain, the following error will appear.
The top of the screen contains the links towards social media and information (Medium, About and Contracts), while to bottom has the buttons for Vaults, Fuel, Staking and Swap.
The Jetfuel ecosystem is built around the FUEL, a deflationary yield farming token with scarce attributes. The Vaults are generating rewards for LP providers by harvesting, selling, staking and compounding the assets. The native governance token, JETS, can be earned by staking FUEL tokens.
All the contracts can be checked in the "Contracts" tab, including audits and token breakdown.
VAULTS
Jetfuel has 36 Vaults available with APY up to 22,353%. The top Vaults are the Fuel - BNB LPs such as the B-29 Superfortress and the F-16C Fighting Falcon. The top Binance Smart Chain Projects, such as DITTO and CAKE are available for pairing with Binance Coin (BNB).
No clue why some Vaults had errors at the balance and at the APY. BCH, ETH, UNI, LINK, BUSD and USDT are available, and the freshly added HELMET are other Vaults available on Jetfuel.
The stablecoins vaults (USDC, DAI, VAI and BUSD) have APY between 32 and 115%. This reward is a nice way to add residual income into the portfolio.
The BSCX - BUSD and BSCX - BNB Vaults are inactive and users are asked to withdraw. All the STONKS are showing up with errors.
The new ETH 2.0 V2 Vault was announced and will be added soon.
FUEL
The FUEL Depot is where Flight Crew can pair the FUEL to earn more FUEL. At the moment there are 10 FUEL pairs, from Pancake Swap and Jetfuel, StreetSwap. FUEL - BNB and BHC - BNB have over 500% APY.
CAKE - BNB, UNI - BNB and LINK - BNB are top option to earn more FUEL and grow the portfolio. BUSD and USDT are the stablecoin options with 152% and 160% APY paid in FUEL.
Staking
JETS can be staked to earn tokens from Jetfuel partnerships. The tokens can be unstaked without restrictions and the rewards are distributed after each block. VAPOR and BHC can be earned
Pancake Swap is the swap used by Jetfuel. Please be careful and do your own research as anyone can create an BEP20 token on BSC, and any name can be used.
Only at Jetfuel Finance users can take advantage of auto compounding vaults and insane APY.
Residual Income:
DeFi bounty at CakeDeFi with $30 DFI for new users
The fountains: PipeFlare ZCash, GlobalHive ZCash & Get.ZEN
Publishing bundle: Publish0x, ReadCash, LBRY & Presearch
