🎉Join us Thursday, November 24th at 4PM UTC in the live-quiz channel on Discord! This qualifies as a Bloomify Ambassador Task and first prize wins BUSD! 🏆 Discord link > https://discord.gg/bWzpQnQecu

New profit takers up! Love CARDANO?! Earn it with your $CAKE LP. That’s what I call having your cake and eating it too 😄

📌 30 November Update :

Hi All, we just received notice that pancakeswap is implementing a change to USDT-BUSD, USDC-BUSD and USDC-USDT farms. This will affect Bloomify. Your funds are not affected but may need to be moved once we find out more and launch new farms. More to come! Please check /announcements or pinned messages!

Referencing: https://medium.com/pancakeswap/introducing-usdt-busd-usdc-busd-and-usdc-usdt-pairs-on-stableswap-enjoy-lower-slippage-and-fees-8960a86b2f12

📌 30 November Update:

Note - we also expect to see TVL decrease as folks unstake in preparation to repair in the new version. For those of you who went through the PCS v1->v2 migration you’re familiar.

📌 Sounds like the PCS farms should be live today (on pancakeswap), I’ll keep you all posted when our corresponding farms will be live!

📌 December 7th, 2022 Update:

Pancakeswap released their StableSwap farms yesterday 🥞 Our strategies that use the StableSwap LPs are in testing and will need to be audited for security. We are waiting for the audit quote and should have that shortly (including an ETA on completion). We will update when we have that ETA.

🤔 In the meantime, what are your favorite non-stable pairs or single tokens?

🗞️ December 16th Update

We are BACK 🚀!

We revised our contracts to work with Pancakeswap’s Stable Swap LP updates, we have our audit back ✅(no fixes required) and we are live at 2PM UTC Friday, December 16th! While this change was unexpected and then delayed, we are excited to be up and running AND we’ve added in a little feature on the BNB Accumulator, it compounds yield via Venus for a little extra 💰 boost. Thanks for your patience everyone! Fingers crossed I will have some more news next week too.

📰 December 23 2022 Wallet Update:

We are extremely excited to announce our website is live for beta signups! As you know we’ve been working on our wallet concept for a long time during which numerous significant events have occurred in the industry. While we’ve always been security and safety minded, the events this year underscore the importance of transparency in crypto service providers. Besides being avid believers in the future of crypto and blockchain-based products we are first and foremost users of our own products. The central question in everything we build is, “Would we use this?". Crypto-related products are a dime a dozen and often feature complex solutions to even more complex problems. Having been in the crypto space for several years as builders - and users - of solutions the team is experienced and qualified to build a crypto wallet that is both ‘fit for the masses’ and contains the functionality that we would use ourselves.

Meet Bento.

🍱 Functioning like a real "Bento box", the wallet will have all the tools needed for a user to exist in the crypto world. Featuring functionality in 'bite size' snacks, Bento aims to be a simple solution for users who want to send, receive, trade, and earn with crypto. With a strong focus on easy - and safe - crypto earning, Bento intends to shake up the crypto wallet space.

👉What Makes Bento Unique?
-Bento is transparent - using Fireblocks’ MPC technology allows us to protect your passphrases in a secure fashion. You can have your own personal wallet directly on-chain, without the hassle of keeping your passphrases safe.
-Connect to dApps: Connecting to dApps via WalletConnect, your gateway to DeFi, is in the works.
-Bento Gas Station: Free transactions on supported chains, with a monthly allowance for each user.
-Savings with transparency: Your funds are never loaned, pooled with other users or used by Bento. Two great options for savings:
-Crypto Stake: Users can stake single crypto assets and grow their investment in a safe manner.
-Stablecoin Farms: invest your stables while preserving capital. This module features several options for low-risk investing.
-Incredibly easy P2P transactions inside our wallet ecosystem! Easily add contacts, search globally with the bento tag and more.

👉What About the Bento Token?
Our priority is on completing development, rolling out beta testing and launching the product. The holders who were a part of the original snapshot before the transition to Bloomify will receive benefits in airdropped Bento tokens. More details on this as it is available. Please note the product beta release will happen before the creation of the token (and airdrop).

👉When will beta launch?
No date provided yet, we will update as soon as we have one!

👉What can I do today?
Head over to 👉💻 bento.app and sign up to be on the beta test waitlist and dig into all the features!

Note:
The beta release will not include all the features we plan to have in full rollout
The details on each feature are subject to change (we are still refining some aspects)

Feb 1, 2023 Update 📰

Hi Everyone! 👋

We wanted to reach out regarding the end of farming with Charge & Static tokens. Please note that both $Charge and $Static are capped at their current max. $Charge may be staked for a % of the fees collected on transactions and $Static may be used to pay run fees for Advanced Strategies. For those not as familiar with how farms operate, in order to stake $Charge or $Static or an LP and have it earn something, that something must be provided (i.e. paid for, in order to be farmed), unfortunately despite what we'd like in crypto, money doesn't grow on trees! 😪

Our goal is always to provide the highest quality product and the best possible returns on your farming options. While we launched during a rather steep downturn in the market that was then compounded by some major blows (FTX, LUNA meltdowns, etc…), we do see the market on a slight rebound. Will it be an ongoing uptrend or a temporary opportunity to trade? Only time will tell.

We are continuing to pursue conversations with platforms and partners that we hope will bring growth and expansion to our community and allow Bloomify to finally launch into mainstream as it deserves. In the meantime, we encourage you to explore other opportunities for earning rewards on the Bloomify platform.

Thank you for your understanding and support. If you have any further questions or concerns, please don't hesitate to reach out to us.

The Bloomify Team 🌱

Dear Bloomify Community,
As many of you have observed, the farms and vaults on Bloomify have experienced a prolonged period of reduced yields. We want to transparently communicate the reasons behind this and the strategic decisions we've made in response.

Key Challenges:
- Dependency on external Projects: Vaults reliant on external projects, such as those tied to pancakeswap, have faced challenges due to necessary updates and limitations in staking options.
- Decline of influence of BSC in decentralized crypto: Ongoing (and increasing) issues related to Binance and the sunsetting of BUSD in December 2023 create an even larger scale of the issues we are facing to keep up with constant redevelopment as our platform depends on the infrastructure of others.

Market Assessment:
While the broader crypto market has seen recent growth, the DeFi sector has not experienced a parallel upswing. New projects emerging on the supported chains often lack sustainable tokenomics, leading to increased vulnerability to investor speculation. This has led to an overall decrease of TVL on most projects/chains.

DeFi Landscape Challenges:
- Liquidity Influx in New Chains: Some new chains are witnessing a surge in liquidity, but many of the projects present are reminiscent of the early days of BSC and ETH, lacking use cases. To put it bluntly: DeFi TvL has dropped and has spread over tons of chains.

- Investment Bet Dynamics: DeFi projects with explosive value are often viewed as investment bets, lacking long-term sustainability and being highly susceptible to investor speculation. Investors aren't investing based on the value of the technology and the project. But short term speculating on gains.

Bloomify's Strategic Decision:
In light of the current DeFi landscape challenges and the ambiguous regulatory environment in the EU, Asia, and the US, we have had to make a crucial decision regarding the future of the Bloomify project. The operational costs, coupled with the need for constant updates and future development, have led us to place Bloomify in maintenance mode.

While we are not sunsetting the project entirely at this point, no further development will be undertaken on the vaults and the front end.

Impact on Users:
- Farms: Yields from farms are no longer active. We encourage you to withdraw your earnings.
- Vault Staking: Staking options for the vaults will be disabled. Although the vaults themselves will remain on-chain and operational, we will no longer allow the staking of additional tokens. Withdrawals will still be possible.

We regret that we have to take these actions, but during the past months we have found no way to enable a sustainable revenue model for Bloomify.

We do however still have Bento. A larger team is working on the Bento wallet and has made considerable progress, just in time for a possible bull market.

But also positive news from bento:
Hello Bloomify/Charge Community

We're thrilled to introduce Bento (https://bento.app), which some of you might already be familiar with. An innovative crypto wallet that's set to transform the landscape of crypto management. Here's why Bento stands out and why it matters to you:

Building on Base
Bento's choice of Coinbase's Base Layer 2 stems from its scalability, security, and seamless integration within the crypto ecosystem. Base addresses the limitations faced by Layer 1 blockchains like Ethereum, offering faster transaction speeds, reduced fees, and an interconnected network that amplifies market reach and liquidity.

Security & Reliability
By building on MPC (Multi-Party Computation) and the Coinbase WaaS (Wallet as a Service), Bento inherits Coinbase's robust security measures. This decision underscores Bento's commitment to providing a trustworthy platform for managing digital assets, and establishing reliability and trust among users.

Approach to Regulation and KYC
Bento is dedicated to complying with evolving crypto regulations while prioritising user privacy. We’re implementing Know Your Customer (KYC) procedures to ensure regulatory compliance without compromising user data security. Bento will be licensed and regulated out of Lithuania and the UK. This will ensure we are compliant with MiCA in the EU and the evolving UK crypto industry where our head office is based. Due to localised regulations, some Bento features will be restricted by jurisdiction. This will be constantly reviewed as regulations evolve, enabling us to provide the full suite of Bento features to all of you over time.

Bento Loyalty Points
One of the most exciting aspects for our users is Bento Loyalty Points. These points are designed to reward your engagement within the Bento ecosystem. They'll grant you access to exclusive benefits, including discounted fees on staking and transactions, free gas, and other rewards coming soon. Although we would prefer to launch a token instead of loyalty points, as we are still in the process of completing our crypto licences, we are unable to launch a token right now. The plan is to use loyalty points in place of tokens and once our crypto licence is granted, we will be able launch a token and exchange loyalty points held for Bento tokens. To reward the Charge Community’s patience and loyalty while you have waited for a wallet to be launched, we will be offering all Charge community members 3x - 5x on points earnt (based on the combined ChargeDeFi assets (including LPs and Pulse) as at June 16th 2022 4:25pm UTC) throughout 2024 until we launch the token. We cannot put a date on the Bento token launch as we are at the behest of the regulators, but we envisage a launch around Q4 2024.

In order for us to validate your Charge community status and ensure you get the loyalty bonus, please provide the address of the wallet you have been using on the Charge platform, via this form https://tally.so/r/nGRX6p.

Please note that the Charge community status validation is only open for a 3 month window, and will expire at midnight UTC on 31st March 2024.

Benefits of Bento Loyalty Points
Discounted transaction fees: Save on costs while managing your assets
Free gas: Enjoy additional free gas station top ups
Rewards opportunities: Earn additional rewards through engagement

Bento is excited about engaging with the Charge community and the start of a new era of secure and rewarding crypto management for our valued users. Stay tuned for more updates and the rollout of Bento Loyalty Points, rewarding you for being a part of the Bento community.

For more details and updates, keep an eye on our social channels. You can find us on X (https://x.com/bento_wallet_) and Discord (https://discord.gg/7aMSMbhCAu). We look forward to you joining us on this thrilling journey with Bento, as we redefine crypto management together!

Dave - Bento CEO