{"id":4418,"date":"2021-02-22T20:43:04","date_gmt":"2021-02-22T20:43:04","guid":{"rendered":"https:\/\/tokpie.io\/blog\/?p=4418"},"modified":"2024-10-19T18:48:32","modified_gmt":"2024-10-19T18:48:32","slug":"stake-bamboo-tokens-passive-income","status":"publish","type":"post","link":"https:\/\/tokpie.io\/blog\/stake-bamboo-tokens-passive-income\/","title":{"rendered":"Stake BAMBOO Tokens to Get Passive Income"},"content":{"rendered":"\n

Bet you have never stake crypto in the way described below. So, forget about Ponzi schemes of staking that other projects usually utilize. The BambooDeFi team does not want to inflate BAMBOO<\/a> tokens. They will not be gifting extra coins to people who hold. That’s why when you stake BAMBOO tokens on Tokpie, you earn interest paid by other users for borrowing. You can call it peer-to-peer staking. <\/p>\n\n\n\n

How to stake Bamboo tokens?<\/h2>\n\n\n\n

The staking of BAMBOO <\/strong>tokens is the same as giving (lending) your coins to other users. In the below example, Bob wants to stake 100 Bamboo tokens to get maximum return. So, follow five steps to know how to earn passive income in BambooDeFi cryptocurrency.<\/p>\n\n\n\n

Step 1. Log in to Tokpie exchange<\/h3>\n\n\n\n

Bob signs up<\/a> or logs in<\/a> to Tokpie.<\/p>\n\n\n\n

Step 2. Deposit Bamboo tokens<\/h3>\n\n\n\n

Bob tops up his account<\/a> with 100 Bamboo tokens.<\/p>\n\n\n\n

\"Deposit
Deposit Bamboo tokens<\/figcaption><\/figure><\/div>\n\n\n\n

Alternatively, Bob can buy Bamboo tokens for crypto or with a bank card<\/a>. <\/p>\n\n\n\n

Step 3. Select the best APR <\/h3>\n\n\n\n

Bob opens the lending and borrowing section<\/a> to define the best real-time Annual Percentage Rate (APR) for the BAMBOO tokens. Then, he clicks on the related line (as on the screenshot below) with the highest APR of 15.09%.<\/p>\n\n\n\n

\"Find
Select the highest APR<\/figcaption><\/figure><\/div>\n\n\n\n

Step 4. Stake Bamboo. Obtain promissory notes<\/h3>\n\n\n\n

After step 3, Bob appears on the market page. He presses the BUY button and enters the quantity. To make the deal instantly, Bob clicks on the ‘Fill price from the market’. Then, press the Submit button. <\/p>\n\n\n\n

\"Obtain
Get Bamboo promissory notes<\/figcaption><\/figure><\/div>\n\n\n\n

Consequently, 104.71 promissory notes appear on Bob’s balance.<\/p>\n\n\n\n

\"Promissory
Promissory notes appear on the Balance page<\/figcaption><\/figure><\/div>\n\n\n\n

TIP<\/strong>:<\/p>\n\n\n\n

Alternatively, Bob can bargain on price and try to buy BAMBOO’s promissory notes at a lower price. Therefore, the resulting APR and profit will be higher: 20.44%. <\/p>\n\n\n\n

\"Bargain
Bargain on price in the order book to get a higher profit<\/figcaption><\/figure>\n\n\n\n

After pressing the Submit Order button, Bob’s bid becomes visible on the order book for all counterparties. <\/p>\n\n\n\n

\"BID
Wait for the execution of your BID<\/figcaption><\/figure><\/div>\n\n\n\n

Step 5. Get income<\/h3>\n\n\n\n

In the above example, Bob purchased Promissory Notes with the June 15, 2021 maturity date. Let’s imagine that now is June 16, 2021. Bob opens his balance page and sees that Promissory notes’ balance becomes zero. At the same time, his BAMBOO tokens balance becomes 104.71 tokens. <\/p>\n\n\n\n

\"Promissory
Wait for the execution of the Promissory note (Maturity date)<\/figcaption><\/figure><\/div>\n\n\n\n

Remember that Bob spent 100 tokens on buying 104.71 promissory notes. Therefore Bob has got 4.71 income (104.71-100) for 114 days. So, that is precisely the 15% APR that he expected to get in the beginning. Now Bob can withdraw, sell or repeat BAMBOO’s tokens staking again.<\/p>\n\n\n\n

Yes, that’s so simple.<\/p>\n\n\n\n

Video explanation of all the above steps will be available soon. <\/p>\n\n\n\n

What is Bamboo Promissory Note?<\/h2>\n\n\n\n

The Bamboo <\/strong>Promissory Note is a digital asset that confirms the issuer’s promise to pay 1 (one) BambooDeFi token to Tokpie at the specified maturity date. Tokpie, in turn, guarantees to pay 1 (one) BambooDeFi token to any holder of one Promissory Note at the maturity date.<\/p>\n\n\n\n

Any user can\u00a0issue Bamboo<\/a>\u00a0<\/a><\/strong>promissory notes<\/a> <\/em>and <\/em>sell them to get a loan<\/a>. Moreover, anyone can\u00a0buy Bamboo<\/em>\u00a0<\/em><\/strong>promissory notes to stake<\/em>\u00a0(lend) BambooDeFi tokens and earn returns. Because of internal circulation, users can not withdraw Promissory Notes from the Tokpie exchange. Also, find the list of all promissory notes\u00a0here<\/a>.<\/p>\n\n\n\n

What is the minimum staking amount?<\/h2>\n\n\n\n

The minimum amount of the BambooDeFi tokens that you need to have to start staking is one<\/strong> token. <\/p>\n\n\n\n

How can I get a repayment at any time?<\/h2>\n\n\n\n

To get a repayment at any time, simply sell the promissory notes that you have on your balance<\/a>. Moreover, You can sell them<\/em> at any price. For example, you can bargain on price and sell promissory notes with a profit. Sometimes, that profit can be even higher than an income you could get by waiting for the maturity day.<\/p>\n\n\n\n

What are the Annual Percentage Rates?<\/h2>\n\n\n\n

To know the Annual Percentage Rates for the Bamboo, <\/strong>regularly check the Lend APRs of Bamboo promissory notes<\/a>. As a result, you can catch the best APR<\/strong>. The higher the APR, the more passive income you could get.<\/p>\n\n\n\n

The lenders and borrowers are constantly bargaining on Bamboo promissory notes’ prices. Therefore, only users define the fair-market <\/strong>annual interest rates (APRs).<\/strong><\/p>\n\n\n\n

The formula of APR (Annual Percentage Rate):<\/p>\n\n\n\n

(1-price) \/ price \/ number of days until the promissory note maturity date x 365 x 100%.<\/code><\/pre>\n\n\n\n
What are the strategies I can use to maximize returns?<\/h2>\n\n\n\n
There are many ways to maximize returns by buying and selling BAMBOO’s promissory notes. Here are the four more popular strategies<\/p>\n\n\n\n