Freeloader's first choice! Barnbridge token price opens above $100, stablecoin mining pool annualized yield reaches 80%

Barnbridge has released the first batch of Pool1 mining rewards (32,000 tokens) today, and has opened Pool 2 liquidity mining pool on Uniswap. The token price has surged from an opening price of $70 to a peak of $148. Based on the current token price and total locked assets, the annualized return rate for Pool 1 is estimated to be around 70-80%.

Opening Price Surprises Everyone

According to previous reports, the risk tokenization protocol Barnbridge launched the Pool 1 liquidity mining program on October 20th. Since Pool 1's pool consists of stablecoins such as USDC / DAI / sUSD, users do not need to bear the risk of holding tokens. Coupled with the endorsement of prominent figures in the DeFi field such as the founder of decentralized exchange Synthetix and decentralized lending platform Aave, the Pool 1 pool quickly attracted $200 million in funds. However, most analysts at the time predicted that the governance token of Barnbridge, BOND, would be priced at around $5 to $10, with estimated mining annual returns not exceeding 10%.

However, the most attractive aspect of the cryptocurrency market is that unexpected events always happen. Barnbridge released the first batch of Pool 1 mining rewards today (32,000 tokens) and opened Pool 2 liquidity mining fund pool on Uniswap. The token price surged from an opening price of $70 to a high of $148. As of writing this article, the token price is around $125.33.

Stablecoin Mining Annual Return 80%

Based on the current token price and total locked assets, the annual return of Pool 1 is estimated to be around 70-80%, making it the highest-yielding stablecoin pool in the market.

On the other hand, according to thewhitepaper, the circulating supply of BOND tokens in the first week is 54,000 tokens (32,000 tokens from Pool 1 mining rewards + 22,000 tokens unlocked by the team each week).

Of these, 24,000 tokens are held in the Uniswap V2: BOND-USDCpool. In other words, there are currently about 30,000 BOND tokens in the market for sale, and some holders may choose to hold long-term. Overall, the selling pressure of BOND tokens in the short term is limited. If the token price can continue to stabilize in this range, the 24-week BOND Pool 1 pool may be the best choice for low-risk liquidity mining in the future.