Token: bDollar (BDO)

Bdollar Token (BDO) is an algorithmic stablecoin pegged to the U.S. dollar that is designed to be used a medium of exchange throughout the bEarn.fi ecosystem and elsewhere.

## Supply

Given its nature as an algorithmic stablecoin, the supply of BDO is flexible.

* When in expansion, the supply of BDO will increase based on the bDollar Protocol mechanisms.
* When in contraction, **no new BDO will be minted.** Instead, the circulating supply of BDO will decrease as users burn BDO for bonds (bBDO). Once the bonds are redeemed, the burned BDO will re-enter the circulating supply.

## Known Use Cases

The following is a list of known use cases for BDO within the bEarn ecosystem. New use cases are constantly updated by the team, and the most advantageous farms are always changing, so check back often.

**Single Token Farming:**

* Earn BFI on bFarms - https://bearn.fi/farm/BDO
* Earn Multi-Peg Tokens on bDollar Multi-Pegs
	+ bpDOT- https://bdollar.fi/banks/bpDOT\_BDO\_Pool
	+ bpEUR - https://bdollar.fi/banks/bpEUR\_BDO\_Pool
	+ bpUNI - https://bdollar.fi/banks/bpUNI\_BDO\_Pool
	+ bpXAU - https://bdollar.fi/banks/bpXAU\_BDO\_Pool
	+ bpXAU - https://bdollar.fi/banks/bpJPY\_BDO\_Pool
	+ bpDOGE - https://bdollar.fi/banks/bpDOGE\_BDO\_Pool
* Earn BFI and xBFI by staking supplied BDO (in the form of blBDO) on bLending - https://alpha.blending.fi/

 **Liquidity Pool (LP) Farming:**

* Autocompound your LP tokens and potentially earn incentive BDO and BFI via bVaults - https://bvaults.fi/
	+ BDO/BUSD
	+ BDO/BUSD 80/20
	+ BDO/bBDO
	+ BDO/BNB
	+ bpDOT/BDO
	+ bpEUR/BDO
	+ cCAKE/BDO
* Earn sBDO via bDollar Shares - https://bdollar.fi/shares
	+ BDO/BUSD - https://bdollar.fi/banks/CakeLPBDOBUSD
	+ BDO/BNB - https://bdollar.fi/banks/CakeLPsBDOBNB
	+ BDO/BUSD 80/20 https://bdollar.fi/banks/BDOBUSD8020
	+ Multi-Peg/BDO LP Pairings:
		- bpDOT/BDO - https://bdollar.fi/banks/BdollarShare\_CLP\_BPDOT\_BDO
		- bpEUR/BDO - https://bdollar.fi/banks/BdollarShare\_CLP\_BPEUR\_BDO
		- bpUNI/BDO - https://bdollar.fi/banks/BdollarShare\_CLP\_BPUNI\_BDO
		- bpXAU/BDO - https://bdollar.fi/banks/BdollarShare\_CLP\_BPUNI\_BDO
		- bpJPY/BDO - https://bdollar.fi/banks/BdollarShare\_CLP\_BPJPY\_BDO
		- bpDOGE/BDO - https://bdollar.fi/banks/BdollarShare\_CLP\_BPDOGE\_BDO

* Earn BUSD with BDO/bBDO via bDollar Banks - https://bdollar.fi/banks/CakeLPBDObBDO
* Earn CAKE with BDO/BNB via PancakeSwap - https://pancakeswap.finance/farms
* Earn vBSWAP with BDO/vBSWAP 70/30 via ValueDefi - https://bsc.valuedefi.io/#/vfarm/0xd56339F80586c08B7a4E3a68678d16D37237Bd96/18

**Other Use Cases:**

* bPower: Stake a specific amount of BDO (and BFI) to become a bPower loyalty member.
* bLending: Supply BDO to bLending and earn Supply APY. Use your BDO as collateral to borrow other cryptocurrencies.
* bLottery: Purchase tickets with BDO. 20% of BDO is burned - https://bdollar.fi/lottery
* bLucky Games: BDO is the native token - https://beta.blucky.games/

## Investment Strategies

*None of the following strategies are financial advice. Always do your own research.*

If BDO is sufficiently below peg, utilize BDO/BUSD 80/20 LP tokens to autocompound your LP tokens via bVaults or farm sBDO via bDollar Shares. When BDO returns to peg, your impermanent loss will be less.

* If the LP token was created when BDO was worth $0.33, the impermanent loss upon peg would be approximately 18.41%. A notional $1,000 of LP tokens created at this price point would be worth $2,416 upon peg. Assuming a 1% daily interest rate that is autocompounded in bVaults, the pegged LP tokens would be worth approximately $3,300 after one month of farming. Comparatively:
	+ Holding BDO as a single asset would be worth $3,000 upon peg. Additional rewards could be earned via farming.
	+ Using a BDO/BUSD 50/50 LP token would be worth approximately $1,740 upon peg and worth approximately $2,370 after a month of autocompounding via bVaults at a 1% daily interest rate.

If BDO is near, at, or above peg, utilize BDO/BUSD 50/50 LP tokens to autocompound your LP tokens via bVaults.

* A notional $1,000 worth of LP tokens created at peg would could earn over $360 a month at 1% daily interest. In the event that BDO depreciated to $0.50, you would experience an impermanent loss of just 4.15%, and ignoring gains from autocompounds, your initial investment would still be worth over $700. Comparatively:
	+ Holding BDO as a single asset would be worth $500.
	+ Holding BDO/BUSD 80/20 LP tokens would be worth $575.

## Derivative Tokens

* **blBDO:** the token you receive when supplying BDO to the bLending platform. The only use case of this token is within the bLending environment. You can stake this token on bLending and earn BFI + xBFI rewards.
* **mBDO:** the token used in the bLucky games. 1 BDO is worth 1,000 mBDO.

## Speculation / Rumors

* bDEX, the upcoming bEarn.fi decentralized exchange, may have mechanisms to burn BDO, reducing its circulating supply, thereby driving the price of BDO upward.