Sensi, a nearly one-year-old BNB Chain decentralized finance (DeFi) initiative, is set to take a major step ahead.
Sensi token holders have been staking their tokens since last June, providing a risk-free way for consumers to accumulate more Sensi tokens. A staking lock is valid for 28 days, and you can prolong it every week to compound your earnings, which are paid out weekly as a percentage of the user’s holding in comparison to the entire locking pool.
Sensi v3 and the first Sensi non fungible tokens (NFT), which have built-in usefulness to minimize trade fees and extra staking (Sensi locking) incentives, are likely to be released soon, according to the Sensi team. The Sensi Smart Yield platform, which has been in the works for a long time, will now have a more specific launch path, according to the team.
Sensi v3
The forthcoming migration to the v3 core contract will reduce supply for potential future trading pairs on central exchanges while also introducing new capabilities that will interact with Sensi’s NFT goals. The Sensi token’s supply will be lowered by six digits, and users will be able to claim their Sensi v3 tokens in the near future.
Smart Yield
Smart Yield, Sensi’s flagship product, is set to launch in the next two months, after the team has been working on it with development partner FirstBridge since early summer 2021. Smart Yield enables anyone to invest in DeFi and get the benefits of farming profits with less risk than traditional farming. Smart Yield awards will be paid in Sensi tokens. Sensi’s Smart Yield contract, which supports the token value, will buy those reward tokens on the open market. Sensi will also be deflationary by burning a portion of the tokens each month.
Smart Yield invests in 10–15 PancakeSwap liquidity farms automatically. The team has stated that it wants to grow to many farms with varying levels of risk and become a cross-chain initiative. In addition, Smart Yield plans to include NFTs into its platform, implying that an NFT will be created and issued to a Smart Yield user.
The amount of BNB and Sensi staked, as well as the benefits that come with it, will be factored into this tradable NFT. Smart Yield users can sell their NFTs to buyers for a higher-than-market price.
Utility NFTs
Sensi has announced a sale of a unique and limited batch of 150 extraordinary utility NFTs (dubbed Rare and Legendary NFTs) that will be held soon. Holders will receive additional Sensi locking benefits as well as trading cost savings.
The Sensi team appears to have devised a multi-token strategy that will transform the DeFi space. The deflationary Sensi coin appears to be a true gem to own, with a market valuation of under $2 million at the time of writing.