BPower

bPower is the bEarn.fi loyalty system to reward long term holders with shared profit from the entire bEarn ecosystem, plus additional benefits including unique farms to earn double profits. It will be released on 4 May 2021.

## Features

* On release, 3 levels of loyalty: 20 Diamond Hands slots, 50 Platinum Hands slots, and 1,000 Golden Hands slots.
* Each level of loyalty receives its own shared profit from the entire bEarn ecosystem.
* Users will be able to use their bPower index to vote for creators who are making NFTs on upcoming bEarn NFT marketplace. Voters will receive a commission on the NFT sales!
* Users can use their bPower index to stake and earn in future farming pools.
* bPower users will be given access to new products in alpha/private release, receive priority listing on IDOs in the upcoming bDEX, and potentially receive additional NFTs if they stay locked in the loyalty program for the whole 6-month cycle.

## How does bPower work?

On initial release, there will be three levels of loyalty within bPower. In order to activate a power level, a user needs to lock in an appropriate level of tokens, for a period of 6 months, as follows:

* 20 slots for Diamond Hand: lock 50 BFI + 100,000 BDO for 100 bPower index
* 50 slots for Platinum Hand: lock 25 BFI + 50,000 BDO for 50 bPower index
* 1000 slots for Golden Hand: lock 5 BFI + 10,000 BDO for 10 bPower Index

Upon locking the appropriate amount of tokens, users will receive an NFT as proof of stake. If a user unlocks sooner than the 6 month locking period, the NFT will be burned, and a penalty will be applied to the previously-locked tokens. **The fine from this penalty will be distributed to all the remaining active bPower loyalty members at a flat rate.** An equivalent NFT will become available for new investors. The penalty for early unlocks depends on the length of time locked, as follows:

Penalty for Early Unlocks
 2nd Month
 3rd Month
 4th Month
 5th Month
 6th Month

So long as there are slots available, users can join a bPower loyalty pool at any time. The 6 month lockup timer will start from the moment that an individual stakes the appropriate amount of tokens in an available slot.

### Benefits

bPower Loyalty members will earn shared profit, distributed weekly from the entire bEarn ecosystem. This includes profits from bLending, bVaults, bLucky, and the upcoming bDex and other platforms. The profits per power level will be shared among the number of holders at that power level. Profits will be distributed as follows:

* 6.9% to Diamond Hands
* 7.9% to Platinum Hands
* 15.2% to Golden Hands

With their bPower index level, bPower Loyalty members can vote for NFT creators in the upcoming bEarn NFT marketplace. When creators have enough votes, currently set at a 569 bPower index, they can sell their NFTs on the market place. Voters who voted for the creator will earn 6.9% on the NFT sales.

bPower Loyalty members will also be able to use their bPower index in future farming pools to stake and earn additional APY beyond the shared profits of the ecosystem.

bPower Loyalty members will gain priority for IDOs on bDEX, experience new products in alpha or private release, and earn access to a special NFT collection that limited to 500 NFTs if they stay in the loyalty program for 6 months or longer.

## History

* **30 April 2021**: bPower was announced, with release on 4 May 2021. Reference https://bearn-defi.medium.com/introducing-bpower-the-most-innovative-loyalty-program-9d4095897b90

## Speculation/Rumors/Inferences

* Users should be able to occupy multiple slots if they stake the appropriate amounts for a power level.
* There is a maximum amount of 14.5 million BDO and 7,250 BFI that could be locked away in bPower. **This represents over 20% of the current circulating supply of BDO!**
* bPower is anticipated to benefit investors no matter how many stakers there are. If the number of occupied slots at a given bPower loyalty level stays low, then those bPower users will receive a greater share of the ecosystem's profit. As the number of occupied slots increases, a bPower user's share of profits may go down, but more BFI and BDO will be staked, increasing and then stabilizing the price of both tokens long term.
	+ Even if you do not have enough assets to join a bPower loyalty pool, you will still indirectly benefit from this platform due to this stabilization mechanism.

* Per documents, NFT creators need to receive votes totaling a 569 bPower index. This equates to votes by stakers with 284.5 BFI and 569,000 BDO locked in bPower. This represents 3.92% of the potential bPower index, assuming all slots were taken.
* Per the developers, the early unlock fee is distributed to all hands across **all three power levels** at a flat rate.
	+ In the event that a Diamond Hands unstaked in the first month and incurred a 25% penalty, this would represent 12.5 BFI and 25,000 BDO distributed to other bPower holders. If there were only 100 bPower holders, each would presumably earn .125 BFI and 250 BDO just for staying loyal!

* As of 30 April 2021, the listed annual profit for BFI stakers was $464,411.04, or $8,931 weekly. *It is currently unknown what percentage of overall profits this figure represents*. **The reported ecosystem profit level is anticipated to grow significantly as more features are released and the price of tokens appreciate.**
* A hypothetical $100,000 in weekly ecosystem profit would yield $6,900 in weekly profit for Diamond Hands, $7,900 for Platinum Hands, and $15,200 for Golden Hands, distributed based on the number of users in each power level. **It is anticipated that these users will gain access to unique farming pools to earn double profits.**
	+ If 250 (1/4 of available) Golden Hands slots are occupied, this would represent approximately $60.80 in profit per week. As of prices early on 30 April 2021, a Golden Hand slot would cost approximately $4,000. This would represent a weekly earned interest rate of 1.52% or 79% APR, ignoring any price appreciation.