BFX Rewards provide benefits for long-term users of the protocol; these rewards come in the form of Escrowed BFX and Multiplier Points.
Compounding vs Claiming
There are two options for rewards on Earn: "Compound" and "Claim".
Compounding will stake your pending Multiplier Points and Escrowed BFX rewards, this will increase the number of rewards you receive.
Claiming will transfer any pending Escrowed BFX rewards and BNB rewards to your wallet.
If you compound or stake your Escrowed BFX tokens, you can unstake them for vesting at any time later on.
Escrowed BFX (esBFX) can be used in two ways:
Staked for rewards similar to regular BFX tokens
Vested to become actual BFX tokens over a period of 1000 days
Each staked Escrowed BFX token will earn the same amount of Escrowed BFX and BNB rewards as a regular BFX token.
Note that Escrowed BFX (esBFX) is not meant to be transferable unless you are doing a complete account transfer. The amount of BFX or BLP required to vest esBFX is unique per account and capped to the rewards received by that account. Please do not buy esBFX off the market or OTC as you will not be able to vest them.
Escrowed BFX (esBFX) tokens can be converted into BFX tokens through vesting, this can be accessed on the Earn page.
When vesting is initiated, the average amount of BFX or BLP tokens that were used to earn the esBFX rewards will be reserved.
For example, if you staked 1000 BFX and earned 100 esBFX tokens, then to vest 100 esBFX tokens, 1000 BFX tokens will be reserved. To vest 50 esBFX, 500 BFX tokens will be reserved. Note that this is an example and the actual ratio depends on the average staked amount and rewards earned for your account.
esBFX tokens that have been unstaked and deposited for vesting will not earn rewards. Staked tokens that are reserved for vesting will continue to earn rewards.
After initiating vesting, the esBFX tokens will be converted into BFX every second and will fully vest over 1000 days. esBFX tokens that have been converted into BFX are claimable at any time.
If a user sells BFX or BLP tokens and would like to vest their esBFX rewards, later on, they would need to re-buy the BFX or BLP tokens. BFX, esBFX, and Multiplier Points can be used interchangeably for the required reserve amount.
Depositing into the vesting vault while existing vesting is ongoing is supported.
Tokens that are reserved for vesting cannot be unstaked or sold. To unreserve the tokens, use the "Withdraw" button on the Earn page. Partial withdrawals are not supported so withdrawing will withdraw and unreserve all tokens as well as pause vesting. All esBFX tokens that had been vested into BFX will remain as BFX tokens.
Multiplier Points reward long-term holders without inflation.
When you stake BFX, you receive Multiplier Points every second at a fixed rate of 100% APR. 1000 BFX staked for one year would earn 1000 Multiplier Points.
Multiplier points can be staked for fee rewards by pressing the "Compound" button on the Earn page, each multiplier point will boost BNB APRs at the same rate as a regular BFX token.
When BFX or Escrowed BFX tokens are unstaked, the proportional amount of Multiplier Points is burnt. For example, if 1000 BFX is staked and 500 Multiplier Points have been earned so far, then unstaking 300 BFX would burn 150 (300 / 1000 * 500) Multiplier Points. The burn will apply to the total amount of Multiplier Points, including both the staked and unstaked.
To transfer staked tokens without burning Multiplier Points, use the Transfer button on the Earn page.
The "Boost Percentage" shown on the Earn page shows your individual boost amount from Multiplier Points. For example, if the BNB APR is 10% and you have $10,000 worth of BFX and esBFX, then your rewards would be $1000 annualized if you additionally have several Multiplier Points equivalent to 20% of your total amount of BFX and Escrowed BFX, your "Boost Percentage" would display as 20%, and you would get an extra $200 of BNB rewards annualized. The “Boost Percentage” is calculated from the ratio of Multiplier Points to your total amount of staked BFX: