PURSE AMA on Jun 23rd 9:00 PM GMT+8

Purse
1

wXf6VOl5Ce-K1sPN7o0axEHvplr758lXj9lTm-c4y9w
wXf6VOl5Ce-K1sPN7o0axEHvplr758lXj9lTm-c4y9w1920×1080 155 KB

Hey guys!

We’ll going to have our first PURSE AMA! Mark your calendar on Jun 23, 2022 09:00 PM GMT+8 and register here to join:https://us06web.zoom.us/meeting/register/tZ0kf-qprzsqHtbiOyznG6wjCpjBXONsCdT5

Developer Yanping and data analyst Kevin will share the updates :smiley:

Leave you questions about PURSE here in the comments and we’ll answer them during the session!

6 Likes
2
  1. Future plans
  2. Cause of price drop
    3.Do you have any plans to list on the exchange?
3
  1. What is the benefit of PURSE Tokens?
  2. How soon are we expecting PURSE in XPOS and/or DEXPOS?
  3. What are the use cases of PURSE Token?
4

Do you have any plans to add Amazon gift cards to redeem with Purse Token the same you did with Netflix?

5
  1. Please explain in detail when BDL happens when we stake and farm.
  2. why is taking APR so low 17% comparing to farm 188%
6

Thank you all for the questions! Remember to register to join the session https://us06web.zoom.us/meeting/register/tZ0kf-qprzsqHtbiOyznG6wjCpjBXONsCdT5

See you later!

4 Likes
7

Farms has a higher APR because when yield farmers provide liquidity to a DEX like Pancakeswap/Uniswap, they are entitled to receive a portion of the trading fee ~ 0.3% (usually) and is shared based on their total liquidity share. They earn fees on a daily basis.

  • Have to provide an equal amount of 2 different token to the pool
  • Earn a portion of the trading fee ~ 0.3% based on your liquidity share
  • APR fluctuate constantly depending on the volume traded so it is not fixed

Higher volume = More Fees = Higher APR

Farms are exposed to impermanent loss risk.

Staking has a lower APR because it doesn’t have any impermanent loss risk (Single Token) because its main function is to secure the blockchain, earn block rewards and not to provide liquidity.

  • APR depends on Block Emission Rate
  • Single token staking - no LP risks
  • Mainly for securing the blockchain / earning block rewards

Farms focuses on gaining the highest yield with higher risks while staking is for earning consistent block rewards. Both has its pros and cons.

  • This is staking vs farming - BDL is just a bonus mechanism.

The explanation above can be applied to every coin - whether it has BDL or not.

I can see the same question being asked again once FXSwap goes live. FX doesn’t have BDL but FX farms will definitely have higher APR than its staking APR.

1 Like