How Buck Reached 10% Yield Without Compromising Stability in DeFi's Rate Wars
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How Buck Reached 10% Yield Without Compromising Stability in DeFi's Rate Wars
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This story was originally published on HackerNoon at: https://hackernoon.com/how-buck-reached-10percent-yield-without-compromising-stability-in-defis-rate-wars.
Buck increases yield to 10% and removes manual claim requirements, introducing automatic rewards in bid to lead emerging SavingsCoin category.
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Buck Labs announced on February 12 that it would increase yields from 7% to 10% and transition from manual reward claims to automatic distribution. The changes apply to the existing token infrastructure, not a separate asset, and represent the company's attempt to carve out territory in what CEO Travis VanderZanden describes as the "SavingsCoin category"