The yield situation of the BIO Pool this time and the estimated opening price
Currently, the Pool is 3% of chips mined over 10 days. To be honest, this ratio and time significantly reduce the yield.
Currently, the price of $BIO on Bitget is fluctuating around 0.9. Based on the current amount of FDUSD mined, the estimated APY is around 31%. The APY for BNB mining is lower, estimated at only 22% based on a BNB price of 700.
Currently, the borrowing rate for BNB on Venus is 30.2%, so if the price of $BIO maintains its current level, borrowing to participate in the new token would result in a loss.
(Are you really that optimistic about BIO's future market?)
2. The highlight of the BIO narrative lies in its positioning as an incubator for the Desci ecosystem, with projects inside genuinely connected to giants in the real-world Web2 science space, such as VitaDAO backed by Ruihui Investment. Bio also enjoys ownership of the IP and patents generated by its sub-DAOs. Friends knowledgeable in medicine understand how exaggerated the returns can be when a truly effective product appears, not to mention that any project within the DAO succeeding would shock the world (for example, Hair, which studies hair loss, could save those in the crypto space who are losing hair from staying up late). Therefore, although there is significant controversy, the upper limit can be quite high.
3. Unlike Vana, before Bio was selected for listing by Binance, there were already many related Desci projects being hyped up, such as $RIF and $URO (these two are also expected to be airdropped). This determines that $BIO has a relatively good grassroots support, and there is almost no voice in the market questioning conspiracy theories. 4. Big brother cz and Vitalik and other well-known figures see potential in the Desci direction, and currently, BIO appears to be the most promising project.