B Non-Fungible YearnBNFY
As the project is relatively new, please review our disclaimer
概要 B Non-Fungible Yearn
B Non-Fungible Yearn or $BNFY is a DeFi NFT protocol for utilizing ERC721 tokens for Yield Farming on Binance Smart Chain. By using NFT tokens we allow stakes to be more dynamic! Instead of a stake being tied to a user’s wallet address it is linked to a transferable NFT. With $BNFY your favorite collectible can also earn you money! The protocol allows a user to stake their various digital assets into multiple different pools to earn $BNFY, the governance token of the platform. The staking process will be the same as any other staking platform however when a user stakes on the $BNFY platform an NFT is minted and the details of the user’s stake will be stored in the NFT’s unique token id. The advantage of using an NFT is the added flexibility of being able to transfer the ERC721 token along with all the staked tokens wrapped within it. There’s no need to unstake your assets, to cash out you simply sell the NFT right on our marketplace.