Whatโ€™s under the sea? ๐Ÿ™ โ€” New Bermuda ๐Ÿ”บ and more!

Tako DeFi
2 min readJul 30, 2021

Hey!,

Itโ€™s been a week since the last big launch of Vaults, we want to reform the operation of these a little, thatโ€™s why we are going to implement a way to improve the distribution of rewards taken from performance fees in the form of a Bermuda ๐Ÿ”บ for both chains!

How will it work?

Currently the performance fees are used to create new long-term Bermudas and to burn $TAKO, we have thought of a new way to distribute these funds in a Bermuda ๐Ÿ”บ that will be reloaded with rewards week by week.

So, now we just have to set which tokens are going to be used as reward, we think that the best is to use native tokens from each network!

$BNB Bermuda

  • Date: Friday July 30th at 16:00 UTC
  • Rewards: $BNB ๐Ÿ’›
  • Amount to be distributed: $500 in BNB ๐Ÿ’›
  • Duration Time: 7->โˆž Days (Renewed each week)
  • Staking Token: $TAKO ๐Ÿ™ (BSC)
  • No time multiplier

$MATIC Bermuda

  • Date: Friday July 30th at 16:00 UTC
  • Rewards: $MATIC ๐Ÿ’œ
  • Amount to be distributed: $500 in MATIC ๐Ÿ’œ
  • Duration Time: 7->โˆž Days (Renewed each week)
  • Staking Token: $TAKO ๐Ÿ™(Polygon)
  • No time multiplier

These rewards will be charged week by week and may vary according to the fees obtained from Vaults โœจ

What else?

We also want to inform you that the voting system ๐Ÿ—ณ๏ธ is soon to come out!
With this we will be able to hear your voices, thanks to the voting power you will define the future of our beloved project ๐Ÿคฉ

Follow us on all our social networks to keep up with the news! ๐Ÿ™

Web: https://takodefi.com/
Twitter: https://twitter.com/TakoDeFi
Official TG Group: https://t.me/TakoDeFi
Official TG Spanish Group https://t.me/TakoDefi_ES
Announcements Channel: https://t.me/TakoDeFiAnn
Price Bot Channel: https://t.me/BinanceRocketTAKO

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