Yield & Rewards
Users can earn yield by depositing assets into a pool in exchange for LP tokens. Funds that are deposited into Backd pools earn compounded yield from strategy profits and protocol fees. Meaning, rather than individually collecting earned interest, LP tokens appreciate over the underlying pool liquidity (i.e. the liquidity LP tokens represents increases in value over time).
Backd Rewards
In addition to yield generated by the strategy, users can stake their LP tokens to earn Backd rewards. Backd governance tokens are emitted on a per-block basis to staked LPs and follow an inflation schedule.
LP tokens and rewards can be withdrawn or claimed at anytime
Last modified 3mo ago
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Backd Rewards