# What is Boba Finance? Earn & Stake your BFI {% hint style="info" %} **GitBook tip:** your product docs aren't just a reference of all your features! use them to encourage folks to perform certain actions and discover the value in your product. {% endhint %} ## What is BFI? ​Boba Finance is an Innovative, Decentralized Yield Optimizer platform that allows users to earn compound interest on their crypto assets farming. With various investment strategies secured and governed by smart contracts, Boba Finance automatically maximizes rewards from various liquidity pools (LPs). The main product offered by Boba Finance is the Vaults which you can provide liquidity or stake your crypto tokens. Users can deposit for auto-compounding so the vault will automatically increase your deposited token amount by compounding yield farming rewards back to your initially deposited LPs. ## Quick links {% content-ref url="/pages/K4p3uDG7IrmGQarrZGfw" %} [Security](/overview/security) {% endcontent-ref %} {% content-ref url="/pages/2pI97Dyl66Y1h07xgjor" %} [Transparency](/overview/transparency) {% endcontent-ref %} ## Get Started We've put together some helpful guides for you to get setup with our product quickly and easily. {% content-ref url="/pages/NbCtqMWrrZx5PXnfTdaN" %} [User Guide](/fundamentals/user-guide) {% endcontent-ref %} {% content-ref url="/pages/fs9ZdVCl3QW5deoZlpoZ" %} [Broken mention](broken://pages/fs9ZdVCl3QW5deoZlpoZ) {% endcontent-ref %} {% content-ref url="/pages/QkTT3Xjq393e7CSgcu4Y" %} [Broken mention](broken://pages/QkTT3Xjq393e7CSgcu4Y) {% endcontent-ref %} # Security # Transparency We like to keep people informed on our upcoming goals * Stock Market Studies, where only BFI will be the parity * Implementation of documents, payment and data structures by creating a multi-chain network special for companies (especially the Finance-Bank sector) * Establishment of stable coin (USDT, USDC, etc.) bridge infrastructure # Roadmap Roadmap V1 Roadmap v1
# Tokenomics Here is a breakdown of our Tokenomics Boba Finance Token Distribution BFI Token Distribution | Total BFI Supply | 1,500,000,000 | | ---------------- | ------------- | BFI Token Commissions | On Each Transfer | 0.1 PIRI | | ------------------------------------------------- | ----------- | | Added to the PIRI Block network on each character | 0.0005 PIRI | The total BFI supply to be available in the free market has been determined as 1,500,000,000 units. 15% of this quantity, equivalent to 225,000,000 BFI, has been allocated for private sales. Following these sales, the generated funds will be directly transferred to liquidity accounts to support the project and market price. 5% of the total supply, amounting to 75,000,000 BFI, is designated for market expenditures. These expenditures include exchanges, advertising firms, as well as social and print media publishers. 5% of the total supply, corresponding to 75,000,000 BFI, constitutes the "Reserved Funds" representing funds allocated for company investors. 10% of the total supply, totalling 150,000,000 BFI, is reserved for the core team and advisors. The distribution of these funds is planned for the second quarter of 2024. 5% of the total supply, totalling 75,000,000 BFI, is reserved for the potential partners. The remaining 60% of the total supply, equivalent to 900,000,000 BFI, is reserved for common sales and can be procured from exchanges.
# Vaults Boba Finance ### How the Vault works? Vaults provides liquidity to Boba Finance, and investors can earn farm token rewards (BFI). However, to deposit to Boba Finance, investors do not need to collect and re-invest reward manually, Boba Finance will perform **Auto-compound** for you. ### **Auto-compound** In this strategy, farm token reward (BFI) will be harvested and optimally swap to pair assets and then reinvest into the pool again. This will result in growing LP over time. With more LP, farm will reward more token reward. With this effect, this strategy gives the highest possible APR. # Fees ### Summary · **Deposit Fee**: 0% · **Performance Fees** o **​**: 3% to BFI stakers o ​: 1% to treasury o **​**: 1% to cover gas cost and underlying services · **Withdrawal Fee**: 0% ### Vault Fee 3% on collected rewards, pay to BFI stakers A small % of the profits from each re-invest event will be distribute to BFI stakers. ### Platform Fee 1% on collected rewards, pay to platform The fees collected will be allocated as part of BFI treasury which can be used for varied purposes such as hiring for external audits, community engagement, marketing, and development costs. ### Controller Fee 1% on collected rewards, pay to auto-compounding controller This fee is used to cover gas costs for our dynamic optimized auto-compounding as well as underlying services to run controller. # APY Calculation APY shown in frontend is calculated using the following formula. Auto-compound APY First we deduct fee from APR: NetAPR=RewardAPR∗(1−fee) Second, we calculate into APY. We use 365 (daily compound): NetAPY=(1+NetAPR/365)365− Then, we include trade APR. AutocompoundAPY=(1+NetAPY)∗(1+TradeAPR)−1 ​ *NOTE:* For Trade APR, we use multiplication here because in auto-compound we grow LP and LP is multiplication of trading APR. For example: Net APY = 20%, Trade APR = 10% Year 0: LP = 100 and 1 LP = 1 Token + 1 UST (Total value is 200 UST) Year 1: LP = 120 and 1 LP = 1.1 Token + 1.1 UST (Total value is 264 UST) Year 0-1 Profit = 64 UST ​ We can apply compound APY formula to get the same result: Compound APY = (1 + Net APY 20%) \* (1 + Trade APR 10%) - 1 = 32% Investment 200 UST \* 32% = 64 UST ​ Full example for auto-compound APY calculation Reward APR = 87.57%, Fee = 5%, Trade APR = 4.59% Net APR = 0.8757 \* (1 - 0.08) = 0.831915 Net APY = (1 + 0.831915 / 365) ^ 365 - 1 = 1.295541 Auto-compound APY = (1 + 1.295541) \* (1 + 0.0459) - 1 + 0.0348 = 140.09% # User Guide How to buy
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