☸️Ecosystem in details

Let’s dive into bernard.finance global economic datas and bernardswap equilibrium.

bernardswap economics and balance

The main idea here is to counter balance technical mechanics of bernardswap and $BONES, while giving incentives to users to buy our tokens. A good challenge.

$BONES being the platform token and the staking reward, it will suffer from a natural selling pressure. Also we will have at a certain point to mint $BONES tokens to keep high rewards (will discuss this later).

So we had to find a way to counterbalance the selling pressure due to staking AND to burn tokens due to minting.

Funding the algo is the other priority as it fuels $BARREL and $BERN.

Here is how we will do it.

Staking

bernardswap provides 6 staking pools and 1 farm.

Staking pools are reserved to NFT holders and offer high rewards depending on the NFT rarity. Those pools are free access, no fees to get in or out.

NFT powered pools only concern $BERN and $BARREL, stake them and earn $BONES.

Our objective is to maintain the following range of rewards :

• Around 300% APR for Classic NFT holders

• Around 600% APR for Bronze NFT holders

• Around 4 digits APR for Super NFT holders (Silver and above)

Those numbers highly depend on bernardswap traffic and staking volume. We won’t be able to sustain 4 digits APR during weeks if a pool stakes more than a few hundred thousand dollars.

BUT and this is where our ecosystem will shine, the more volume we get, the more algo tax we make on $BONES sells, so the more buybacks we inject in our tokens.

So even if your staking APR gets lower because of high staking volumes in the $BERN pool by example, this actually means we will buyback more $BERN and increase your bag value.

The only farm for now is BONES-BUSD, no fees.

NFT Marketplace

Our incoming marketplace will provide 2 types of sales for our seasonal NFTs

First kind is the one you already know, auctions during Friday NFT. Every week, a new collection of NFTs around Bernardo. Profits to buyback $BERN.

Second type is fixed price sales. We put on sales brand new NFTs, that open our pools, at fixed price and available 24/24. Prices are higher than Friday NFT auctions floor.

We needed a way for new users to access our NFTs whithout waiting for Friday NFT sales but they will have to pay the price for it.

Those fixed price sales profits are split like this :

• 80% to buyback $BONES and burn

• 20% to the algo

This also means that users can sell NFTs on the marketplace at auction, or fixed price, as they wish.

We apply a global 2% fee on all marketplace sales that will also concern BFC NFTs.

• 1% to buyback and burn $BONES

• 1% to the algo

Gaming

Using $BONES tokens to play our games is the biggest incentive we built to maintain a good balance in the economy.

The Bernardo Lottery

No particular fees to play lottery, just have some fun. We distribute 75% of each pot to winners.We burn the remaining 25% of the pot.

The Bernardo BETS

Community betting is available on bernardswap, and it's awesome.

A 3% fee on rewards is applied :

• 1% to buyback $BONES and burn

• 1% to the algo

• 1% to The Bernardo BETS prize pool

Every month the biggest degen of you wins the Prize pool.

The Bernardo Fight Club

The Bernardo Fight Club will be the biggest $BONES sucker as it will be mandatory to feed your doggo and gain kinship points. It will also include some transaction fees in its mechanics, going back into the ecosystem. More on this later.

We aim for 100% of The BFC economy to be reinjected in players wallets and the ecosystem.