Bird.Money Farming And Staking Set To Continue on Samurai

The introduction of staking and farming of the BIRD token on our partner CyberFi’s Samurai Stakepad platform has come with tremendous success and support from our community. Let’s keep the party going a while longer!

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OCADA AI (Formerly Bird.Money)

4 min readMay 14, 2021

Staking and farming are two of the quintessential mechanisms for any cryptocurrency project to deliver to its community and with Bird it was no different. When Bird deflationary Staking went live April 15th on Samurai Stakepad, Bird became the first project (apart from CFI) to offer Staking on the platform, and one of the few (if not only project) in the industry to offer deflationary rewards. It was inconceivable to us how well it would be received as we saw the total value locked in the Samurai staking contract exceeded 14% of the entire circulating token supply of Bird at a value of over $3 million.

Soon after the release of BIRD token staking, LP farming was also launched on Samurai, incentivized with even higher deflationary rewards paid out in USDT, which was met with the same enthusiasm. As always, our community’s support never ceases to amaze us.

At the time of writing this article the total value locked (TVL) deposited into the Bird staking and farming contracts on Samurai Stakepad is nearly $2.5M.

Where We Started

The original plan was to have $1000/daily rewards for BIRD token stakers during the course of 30 days and $2000/daily rewards for LP providers and for 2 weeks. We have since extended those offerings at the initial “early bird bonus” rewards rate to return the showing of support to our community. Over the next few weeks we’ll be gradually reducing our deflationary staking and farming rewards as we shift our resources towards cultivating an equally vibrant community on BSC with the impending cross-chain launch.

New Rewards Schedule

The new rewards schedule will be based on 2 epochs, both of which will last the course of two full weeks.

The first epoch will start on Sunday May 16th to Saturday May 29th. The payouts over the two weeks will see farming liquidity pool rewards at $1500/day and staking rewards at $750/day, both paid in USDT.

The second epoch will commence on Sunday May 30th and will run through Saturday June 12th. The rewards over those two weeks will be $1000/day for farming and $500/day for staking.

The sum of deflationary rewards paid out in USDT is over $52,500 over the next month, in addition to the over $80,000 which have already been distributed. By the end of the staking and farming initiative Bird will have paid out over $130,000 in the span of less than 2 months.

Exciting Time Ahead

As we start to taper off the rewards on our staking and farming pools on the Ethereum network we begin to put our focus on some of the cross-chain options we have had planned for Q2 as part of our product development Flight Path. We will be exploring our options to release additional farming and staking choices for our community members and token holders on lower fee networks such as BSC.

In addition to cross-chain functionality we have more exciting developments and releases to look forward to in the coming days and weeks. We continue to work hard behind the scenes to not only deliver, but to exceed the expectations we’ve set not only for our project, product and platform, but also for ourselves as the team who is set to deliver it.

As we’ve said it before, we’ll say it again that it is our community that continues to be the driving force behind everything we do. We couldn’t have asked for a stronger, more intelligent and committed flock to help carry us forward and keep us motivated to deliver on everything we have ever intended on doing with Bird.Money. Thanks again for all the support.

About Bird.Money

Bird.Money is creating next-gen data-driven solutions used to mitigate risk in Decentralized Finance by securely delivering their off-chain oracle Trust Score — the DeFi equivalent to the legacy financial system’s credit score — to lending platforms and protocols.

The Trust Score helps manage risk to liquidity supply and borrow markets, ensuring the likelihood of loan repayment. Borrowers with a prudent DeFi history are provided with the advantage of being able to leverage an increased collateralized debt position (CDP) ratio on their loans, above and beyond the standard 66%.

Bird.Money is poised to be the leader in bridging the gaps between legacy and decentralized finance by bringing under-collateralized loans to DeFi through the use of their Trust Network.