Unofficial Guide to Brofi.

in LeoFinance4 years ago (edited)

[Updated 3/15/2021]

This is an unofficial guide to Brofi which launched today [3/15/2021]. Developed by @raymondspeaks and @taskmaster: This defi type reward pools offers staking rewards in the form of Brocoins. Any Hive user can delegate #Hive-engine tokens into one of the Brofi pools! It's very easy and automated through a discord bot! Let's check it out!

image.png

I started out by delegating 4K CCC [creativecoin] tokens to @Brofi. This entered me into the CCC reward pool [to earn Brocoins]! The pools are being set up manually right now by @taskmaster. There is a Lotus, Creativecoin, CTP, Stem, Hive, Weed, neoxian and pal "defi" pool.

image.png
image.png
image.png

In other words, if you delegate [to @brofi] any of the above tokens: You can enter into the [corresponding] reward pool!

Now let's head to the Brofund discord where we can check the Brofi pools via a discord bot. [https://discord.gg/ayWeBws ] This discord bot is the central command center for everything #Brofi.

image.png

Now that you are in the Brofund discord server: Go ahead and head to the #brofi-bots channel. We will enter in bot commands here. [We covered what brofi is and what the brofi pools are already: So those have RED LINES through them {above}].

We are going to cover what a brofi pool vote is next. Go ahead and type "brofi pool vote" and click enter.

image.png
image.png

Once you type "brofi pool vote" and click enter: You will be prompted to vote on 3 Hive-engine tokens [defi pools]. CHOOSE THESE 3 TOKENS CAREFULLY. These are the tokens you want to see in the best pools. So if you want the best pools to be say ... leo, weed and stem; vote for those.

The vote is based on your brocoin holdings [ TRADED here - - > https://hive-engine.com/?p=market&t=BRO ]

image.png

At this point: You might want to go back and take a look at the current voting weight on each defi pool by typing "brofi pools" and clicking enter.

image.png

If you want to check more complex details: Like who delegated how many tokens into each pool, simply type "brofi pool details" and click enter.

image.png

Remember: The "Brofi" pools are earning you Brocoin. If you don't know what brocoins are: In short, they are tokens on Hive-engine that pay you micropayouts of tokens like leo [just for holding].

image.png

The final 2 bot commands are "Brofi curators" and "brofi curator vote". We are going to skip over "Brofi curators" which just triggers a list of current curators. Go ahead and type "Brofi curator vote". You will prompted to pick 3 curators from any Hive user. You can vote for yourself.

This is similar to curation rewards on Peakd: Except people vote for who the top curators are [voting weight is based on Brocoin holdings]. If you want to see who the top curators are before you vote: Type "Brofi curators" and click enter.

image.png
image.png

Disclaimer: This is an UNOFFICIAL guide. I will update this guide as often as possible: But always visit the Brofund discord for the most accurate updated information [https://discord.gg/ayWeBws ].

@raymondspeaks is the founder of brofund/brocoin and @taskmaster is the programmer of Brofi. They are the best to contact for further questioning. This blog is not personal or financial advice.

Posted Using LeoFinance Beta

Sort:  

Do I have to vote or can I just delegate to whatever pool I feel like? xD

You dont have to vote or hold/stake Brocoin to delegate. Anyone can delegate to any pool for "free."

@ecosaint

I already have bros, so thats amazing. I was just wondering.
Because at somepoint alot of thinga will require ongoing votes and some might miss a few.

I know I have missed a few from Archon

Noooiiice! This is now the official unofficial guide to BroFi 👊

Hey it's not @taskmaster4450 . It is @taskmanager who is the programmer.

Posted Using LeoFinance Beta

Oops. I fixed it thanks.

Don't mention :) Most of the users confuse between those two lol , it happens on discord too if you have observed.

Posted Using LeoFinance Beta

This is a good article despite a few mistakes. Given the market situation, more time is going to be spent reading articles today

Posted Using LeoFinance Beta

Where are there mistakes?

I was wondering if I should unstable and sell some token I don't use at all, now I'll juste delegate it !!

Thanks for sharing !!!!

Complicated, first buy bro and then delegate your hive tokens and bro stake determine the reward share. If not stake bro but delegate a lot of tokens, real benefit bro stakeholder gets. So this only for bro stakeholders not for any common hive users.

Already delegated pal