STEEM Defi - Robinia adds 5 new Delegation Farms on Robiniaswap!
Robinia added some great new Delegation Farms yesterday
The growth and development at Robinia continues to a rapid pace as Robinia launched 5 new Delegation Farms yesterday.
Check em out:
(Source: https://robiniaswap.com/cakePools)
You can stake coins like btc, bnb, busd, and cake and earn very nice returns.
The neat thing about these delegation farms/pools is that if you stake in these farms/pools, you earn RBS and the company earns cake which they then use to buy and burn RBS, hence the name delegation farm.
So, the more money that is staked in these farms the more RBS gets burned.
It's a great development that goes a long ways in creating and establishing a sustainable defi platform going forward.
The vast majority of defi platforms don't have enough revenue coming in to support the token prices and yields, but Robinia is burning almost half of the daily new issuance on a consistent basis.
As the amount of money invested in these Delegation Farms increases and the amount of STEEM delegation in the SP Farm goes up, the price of RBS will also go up.
Pretty good tokenomics if you ask me!
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