BASD: How to compound LP rewards

If you’re in the DAO then your rewards will auto-compound. However, in the LP pool there are a few steps you will need to follow.

It had previously been assumed that Uniswap and Pancakeswap’s interfaces were the same; meaning Pancakeswap should be able to facilitate the zapping rewards function. It turns out that this is not the case. This means that the zapping reward feature for BASD/BUSD cannot currently be performed on Pancakeswap due to lacking functionality.

Prior to our recent discovery it seems that SPAD and SD have also encountered the same issue. The team are looking for a new method / initiative to support zapping rewards to Cake-LP’s but for now; the work-around is as follows:

(Once LPs are Unlocked after 24 epoch)

1) Un-bond
2) Re-bond LPs — Do this in the same epoch that you Un-bond
3) Following 24 hours you can Claim your rewards and sell half for BUSD
4) Add the BUSD & BASD to the LP pool
5) Re-bond

You can then repeat this process once every 24 epoch.

This small bump in the road would pose a significant issue on the ETH network due to the high gas fees, but on BSC this process will cost very little (~$1).

YouTube walkthroughs will follow in the coming days. In the meantime if you have any questions on this process please feel free to reach out to the team or community.

Official links:

Website: https://basd.finance/

Github: https://github.com/basdollar

Twitter: https://twitter.com/agilesetdollar

Medium: https://basdollar.medium.com/

Announcements: https://t.me/BASDAnnouncements