Delegate your Hive-Engine tokens and earn BRO!
In just it's first 48 hours the BroFi staking pool has received $47,926 USD in Total Value Locked and counting!
What Is BroFi?
BroFi is possibly the best delegation rewards pool HIVE has ever seen.
To passively earn BRO token participants are able to delegate their unused Hive-Engine tokens to the @brofi account. BroFi currently supports 9 different pools [LEO, HIVE, PAL, NEOXAG, STEM, LOTUS, CCC, CTP, WEED]. Delegate any of these tokens and you will start earning BRO token daily.
BRO Token acts similar to a governance token, as holding BRO allows you to vote on which token pool receives the most rewards from the reward pool.
The 8 token pools mentioned above are ranked 1-8 by BRO holder weighted vote. The higher the position the greater portion of the rewards pool is distributed to delegators of that particular token pool.
BRO holders are able to vote on a maximum of 3 token pools to receive a weighted vote proportionate to their BRO stake. Voting is done through an easy to use Discord bot with the ManCave Discord server.
Manual Curation
BroFi puts your delegated tokens to work through curation efforts within the various HIVE tribes. The funds earned through BroFi curation are then used to buy back BRO off the market and top up the delegation reward pool!
While you're being rewarded in BRO and other H-E tokens BroFi is hard at work in the background increasing the value of BRO through the buy back mechanism. Winning!
Why You Want To Earn BRO?
BRO is a dividends token, by simply holding it in your wallet you will earn a variety of Hive-Engine tokens daily including LEO, PAL, NEOXAG, WEED, STEM and others.
BRO APR% is generally in the area of 25% give or take, which is obviously an excellent return on your investment!
BRO Price: $2.80
Market cap: $196,858
So by delegating your Hive-Engine tokens to @brofi you will earn BRO token and by simply holding that BRO token in your wallet you will begin to earn a variety of additional Hive-Engine tokens.
BRO earns H-E tokens through curation using its BroFund holdings. 50% of curation rewards are returned to BRO holders daily based on stake which provides a passive income.
BroFi Total Value Locked
In just a short amount of time the BroFi staking pools have received great interest from HIVE community and only expect this to continue to grow.
Total Value Locked $47,926 USD
$34,360 LEO
$6,684 HIVE
$3,727 CTP
$1,520 NEOXAG
$600 STEM
$581 PAL
$326 WEED
$93 LOTUS
$35 CCC
As always it's beneficial to get in early and start earning as soon as possible for the highest yield.
For additional information you can check out this post here from @raymondspeaks or feel free to pop into the Man Cave Discord and have a look around.
Ciao for now,
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