ApiaryFinance
  • An Intro To ApiaryFi
    • Why Build Ontop Of Beradrome?
    • How Does Apiary Make Beradrome Better?
  • How do I use Apiary?
    • Depositing in a Hive
    • Earning Hive Rewards
    • Building Your Own Hive
    • Managing Your Hive
    • Apiary Auction House
    • Fees for the Bees
  • What's going on inside the Hives?
  • Partnerships
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  1. An Intro To ApiaryFi

Why Build Ontop Of Beradrome?

Just to be clear, we think Beradrome is the Bees Knees

Beradrome is a protocol that allows projects to offer a further layer of incentives to users providing Liquidity to their token.

To do this, Beradrome uses a gauge system, allowing projects to whitelist their liquidity pools on the platform. Whitelisted pools are eligible for oBERO emissions, which are directed throughout the protocol by holders of Beradrome Governance Power. 1 oBERO can be combined with 1 HONEY to receive 1 BERO token, the native token of the Beradrome Protocol.

To enhance the emissions directed towards their Liquidity protocols can offer bribes through Beradrome which Governance holders can receive by directing their Governance votes towards the protocols gauge.

Beradrome Governance Power can be obtained in 2 ways:

  1. By staking BERO tokens for hiBERO. 1 hiBERO is equal to one Governance Vote

  2. By burning oBERO into permanent Governance Power. Again 1 burnt oBERO is equal to one Governance Vote.

Put simply, Beradrome allows protocols to access another source of yield for their Liquidity Providers.

But, the one issue with Beradrome is that it took us this long to summarise it simply. This is why we've built Apiary.

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Last updated 7 months ago