Since the official BakerySwap liquidity pool has been deployed, we were able to pull live GAT price data and use it to display the current APR for staking GAT in the Shaman’s vault (https://alchemytoys.com/shamans-vault).
How does it work? The tool takes all pending rewards to be paid (the 20%) and divides it by all GATs that are eligible to get the reward in that epoch. The result is then shown as APR using the current live GAT price from BakerySwap Liquidity Pool.
Eligible staked GATs this epoch: 100000 GAT
BNB rewards in this period: 15 BNB
BNB reward for each staked GAT: 15/100000 = 0.00015 BNB
Current GAT price on bakery: 0.01 BNB
Return on investment this period (taking as a basis the current price): 0.00015/0.01 = 0.015 = 1.5%
Days in this period: 2
APR: 1.5 / 2 *365= 273.75%
With the new gadget, every investor can freely decide if staking GAT for BNB is interesting for him/her at this moment and compare it to similar farms and pools for BNB. Chances are, there is no farm paying network currency (BNB) on any network which comes close to the current APR on AlchemyToys. Here is an overview of other farms: https://www.coingecko.com/en/yield-farming
Not financial advice! Do your own research!
Gat Network is a web of connected NFT trading & gaming projects – launched in early 2021 by a fully transparent team/company in Germany.
The team is honored to have joined the Binance Labs Incubation Season 3
We have already launched several projects live on BSC (fully audited):
GAT Network is funded and has a long-term multichain/ cross-chain vision for NFT trading & gaming centered around GAT and the highly flexible Minted Vodka exchange. We refrain from hypes and pump & dump mentality and concentrate fully on building great technology and on organic growth.
CEX: please check this link for the current CEX listings
Liquidity: Pancake Swap / Bakery Swap
Telegram Info: https://t.me/gat_news
Telegram Community: https://t.me/alchemytemple
Litepaper / Whitepaper