STEEM Defi - Robinia continues to develop with 5 new Delegation Farms added!
Robinia added some great new Delegation Farms this week
The growth and development at Robinia continues to a rapid pace as Robinia launched 5 new Delegation Farms yesterday.
Check em out:
(Source: https://robiniaswap.com/cakePools)
You can stake coins like btc, bnb, busd, and cake and earn very nice returns.
The neat thing about these delegation farms/pools is that if you stake in these farms/pools, you earn RBS and the company earns cake which they then use to buy and burn RBS, hence the name delegation farm.
So, the more money that is staked in these farms the more RBS gets burned.
It's a great development that goes a long ways in creating and establishing a sustainable defi platform going forward.
The vast majority of defi platforms don't have enough revenue coming in to support the token prices and yields, but Robinia is burning almost half of the daily new issuance on a consistent basis.
As the amount of money invested in these Delegation Farms increases and the amount of STEEM delegation in the SP Farm goes up, the price of RBS will also go up.
Pretty good tokenomics if you ask me!
Thank You for sharing...
Upvoted! Thank you for supporting witness @jswit.
Hi @jondoe, How can I delegate my Steem power to @Robinia and earn money? And how much can i earn with 1000 Steem power?
Yes you can, the current APR is around 50% total. You receive an upvote each day on your steemit post as well earn the RBS tokens on BSC.
Is this legal, Is there any negative impact on my Steemit account?
Haha yes of course it is legal and no it will have no negative effects on your steemit account. Just remember that APR number is based on the current price of STEEM (and SBDs) and RBS, so as those prices changes that APR number will also go up and down. Did you delegate through the robiniaswap website?
Thank You for sharing...
Yes, I have delegated through Robiniaswap's website.
I have just delegated my 300 SP to @robinia, will add more SP and delegate more to #robinia
All the credits goes to you, thank you so much @jondoe!
Thank You for sharing...
Thanks for commenting!
You are welcome. Did you hear about getting STEEM added to anyswap?
Sorry @jondoe, I was busy! I will surely talk to them tomorrow.
You are really great @jondoe, and you are my inspiration for work here on Steemit. You are my Guru here!