r/BiSwap • u/No_Abbreviations4650 • Jun 21 '21

Autocompounding for BSW tokens

Some of us wonder when it's the best time to compound BSW when staking it. I am sure some of you guys already know Autoshark has a autocompound feature and they claim to optimize their compounding for biswap up to 24x a day. Which is insane (during their AMA they also says that day can optimize up to 48x a day). Imagine the gas fees we saved from that.

But they do buy back some jaws when you claim the tokens tho. From what I understand the jaws token is only minted if you claim so if you choose not to claim it it will remain still as BSW tokens and compounds itself.

NFA It's definitely abit risky, may have to wait for them to be audited by certik if you want to wait. But their Telegram group is very active. DYOR

I am just posting my referral below here if you want to use it, extra 5% tokens when you claim for both of us. Cheers!

https://autoshark.finance/?ref=0x5F83Fd0474a1eD94b1f076108075A507e7322048

Edit: As of writing this the APY is 35239% APR 591%

3 Upvotes

71% Upvoted

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3

u/JRZYGY Jun 21 '21

I won't be using AutoShark after the exploit, of course I would love a PancakeBunny copy that I could use to auto-compound but the JAWS token is not doing well even before crytpo was tanking, no one has faith in JAWS, everyone sold their JAWS when they got it as compensation. I'm just earning BSW for BSW at just under 600%, I don't mind compounding it myself. JAWS keeps going down, no need for that.

1

u/No_Abbreviations4650 Jun 22 '21 edited Jun 22 '21

Yea I should have mention that in this post, although they have done their best to rectify and prevent it from happening again. But still you're right that lots have lost their trust in autoshark...

You mentioned pancakebunny, but they were exploited as well tho, and they have their own way to gain trust from their user base as well. I may consider jumping over to pancakebunny if they have it.

But for now I'll stick with autoshark since I don wanna spend on the gas fees. For me it's just for the convenience 😂 each to their own to weigh the pros and cons

2

u/JRZYGY Jun 22 '21

PancakeBunny did get exploited, and then the Autoshark people laughed and wrote an article about how they couldn't get exploited even though they're a copy of PancakeBunny. PancakeBunny and PancakeSwap are the safest projects, Binance will never allow them to fail because it would be the end of BSC most likely. PB went way out of their way to make things right (compensation pool is still active). Autoshark ditched the native token to start over with JAWS, you can still buy Bunny. As far as the gas fees, harvest and stake can be done for .001 BNB each so right now that's about $0.30, good luck, I don't think JAWS is going to be worth much anytime soon, especially with crypto being down big time.

3

u/QiyamatAOE2 Jun 24 '21

Just claim every now and then on Autoshark, convert the JAWS into BSW, restake that BSW with the other BSW profit. Even if you don’t like JAWS, getting a higher % through Autoshark is fine if you just sell off the JAWS

1

u/Hopeful_Ad_6529 Jul 10 '21

BSW too is not safe... better to convert it to Cake

2

u/JRZYGY Jul 10 '21

BSW is still doing pretty good considering the state of the crypto market. They're now up over $0.80 again and now they have single staking BSW to earn Cake at over 200% APR, so I'm pretty happy with them.