Binance Smart Chain (BSC) protocol, Barbecueswap.finance, has seen tremendous growth in a short amount of time. Let’s dive into some of the contributing factors for this rise.
Barbecue Surges in TVL
Yield farming protocol, BarbecueSwap, has witnessed extraordinary growth in a 15 day period. A surge in both users and transactions rocketed the Total Value Locked (TVL) on the platform to beyond $3 million, now settling at $2.3 million.
The platform has achieved some notable milestones since launch:
1) They successfully held an IFO on their own platform, the presale was oversubscribed by 320%!
2) In just 48 hours BBQ was listed on CoinGecko.
3) Within 55 hours they were listed on Dappradar.
4) They are already audited by TechRate and conducting a second audit.
5) Listed on dapp.com
6) All developments on the roadmap are reportedly ahead of schedule. Notably, the team has mentioned that their lottery function is 4 months ahead of schedule.
7) They already have a committed community, with groups from various countries. Besides an English group, there are now communities for Hispanic, French, Russian, and Indonesian users.
9) $BBQ token listed on BscScan
In less than a week the platform doubled the amount of unique smart contract interactions to over 3,000. The platform has since faced a correction in most metrics but continues to boast over 10,000 transactions per week. The team has also mentioned that a listing on CoinMarketCap is imminent, which is expected to increase the platforms exposure
A Continued Success Story?
One of the cited reasons for the recent success of Barbecue Finance is the staking APYs on the platform, which range anywhere between 200% to over 1,000% in some pools. After one week the platform recorded 2.8K users, 10.7K transactions and a volume of $2.57 Million. The TVL of the platform currently sits at 2.3M .
Barbecue is aggressively pursuing market share and liquidity providers through attractive incentives. They have implemented a BBQ burn every Sunday; the first one they did was almost $80,000!
The Marketing team is constantly listening to the community and they will decide new developments based on what the community wants. Here is a Short term Roadmap of BarbecueSwap – of which the developer team has proposed:
● The Grill
● Gaming Platform With an open-air casino to taste the BBQ
● NFT Marketplace
● Borrow & Supply
● Barbecue Vaults
They are going to take the project down the path of flavor. The development team promises to have innovations in mind.
Source : bsc.news
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