"Ranches" is a decentralized finance (DeFi) application built on the Smart Bitcoin Cash blockchain. It is not a registered financial institution and is not subject to regulation by any government agency. Using this product carries a high degree of risk, including the risk of losing all or a portion of your investment. This product is intended for use by experienced cryptocurrency investors who understand the risks associated with DeFi applications and blockchain-based investments. This product does not guarantee any returns and past performance is not indicative of future results. By using this product, you represent that you understand the risks associated with DeFi applications and are willing to assume them. This product makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the product or the information, products, services, or related graphics contained on the product for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
Incentivizing liquidity providers can be challenging for projects. Typically, this requires offering rewards manually, utilizing MasterChef-type contracts and creating a website UI, or relying on DEX farms, which can be a difficult process.
BenSwap Ranches offer a new approach to incentivizing liquidity providers that doesn't require any coding skills and provides greater freedom. By creating a ranch, anyone can set up and configure various properties and let the system run automatically. This enables liquidity providers to stake their LPs and earn select tokens in a similar manner to yield farming. This innovative feature revolutionizes the process of incentivizing liquidity providers for projects.
Please follow the steps on the "Create" page to start a ranch. You need some tokens in your wallet. You will be able to change emission later but not start block or deposit fee rate, so make sure you set them properly.
You can check the current block height on SmartScan. The block time is around 5-6s per block on smartBCH so please do some math. The start block can NOT be changed so please set it up correctly. A start block in the past will start the ranch immediately after creation.
100% of the fee is directly burned and cannot be refunded!
Use BenSwap LP Finder inside the "Tools" submenu.
While a ranch contract is generally secure (no migrators or other backdoors) and permits you to unstake your assets whenever you wish, it's worth bearing in mind that there are some potential issues to consider. For instance, the contract owner may establish a deposit fee rate. To avoid any unpleasant surprises, make sure to evaluate all factors such as emission, balance, owner renunciation status, and so on, before committing to staking. Furthermore, be aware that certain actors may tamper with the token contract being harvested, making it difficult to withdraw your LPs. Though rare, these scenarios do occur, so it's prudent to conduct thorough research on relevant tokens before staking. Lastly, there are other risks that are akin to those encountered in Farms.
The owner has the privilege to change the emission rate or end the ranch prematurely and retrieve the remaining balance. The owner can also change fee address, transfer the ownership to a different address, or renounce the ownership.
You can check the current owner in the detail section. For a renounced ranch, the owner address is 0x000000000000000000000000000000000000dEaD.
The ranch ends itself automatically when there is no remaining balance. Harvesting is first come first served, so please harvest in time.
Yes. Anyone can add more balance to a ranch. This is usually done by the owner or the project team. The owner can end a ranch and retrieve the remaining balance. So, make sure this is what you want if the ranch is not renounced.
A ranch ends when the token balance is drained, or if it is manually ended by the owner. Once a ranch is ended, there is no way to reactivate it.
LPs won't automatically come back to you, but you can unstake at any time.
You can copy the ranch address or the public link in the detail section.