Bamboo V2

Hello Pandas!👨‍🌾🐼,

2 min readApr 1, 2021

For those who aren’t aware, Pandaswap had a harvesting issue. It quickly became clear that the problem was not related to Users. It was decided that redeploying new farm contracts would be the best course of action for everyone’s safety and to ensure Pandaswap’s long-term scalability.

WELCOME to Bamboo V2!

Bug patch that will resolve the reward payout issue that users experienced.
Migrator code removal…👷‍♂️
Max hard cap introduction…(250M 💹)
Bamboo V2 a new token to replace existing Bamboo tokens.
BAMBOO v1 -> BAMBOO v2 1:1 Converter
Starting harvesting recompensation process

A new migration website and tutorials will allow users to easily transition to V2 farming contracts and token

NOTE: This means sBAMBOO V1 will no longer receive swap fees royalties. Once the transition to V2 farming contracts has been made we will drop rewards to 0 for the OG Masterchef contract and renounce ownership so that no more BAMBOO V1 will EVER be produced.

For the past few days, we have been proceeding with caution in regards to the community. We have reviewed every request, and users who have been affected will get their BAMBOO tokens back over the next few days.

Harvest Reimbursement Policy ♻

Following calculations, the PandaSwap team allocated 6M Bamboo V2 tokens to compensate users affected by the harvesting bug.

Detailed Policy:

Anyone who reported lost harvests prior to the V2 launch is compensated.
After the release of V2, reported losses will require proof in order to be reimbursed. Anyone who reported lost harvests after the V2 launch without proof is reimbursed at the reimburser’s discretion.
April 7, 9 pm EST (1 week from now), is the deadline to claim any more lost harvests.
Any harvests that go unclaimed from the initial 6 million supply will be burned.

Please submit a request here.

🖌️Protocol Design

The updates pairs for BAMBOO rewards are as follow:

Double Dipping: sBAMBOO *No Impermanent Loss*
Fastest-growing BAMBOO🏃‍♂️🏃‍♂️: BAMBOO/AVAX (PGL)25%, BAMBOO/AVAX (PLP)75%
Fast-growing BAMBOO🏃‍♂️: BAMBOO/ETH, BAMBOO/BTC, BAMBOO/LINK, BAMBOO/SUSHI, BAMBOO/UNI, BAMBOO/AAVE, BAMBOO/PNG, BAMBOO/SNOB, BAMBOO/DAI, BAMBOO/USDT, BAMBOO/S3D, BAMBOO/YFI, BAMBOO/SPORE.
Liquidity Kings👑: ETH/BTC, AVAX/ETH, AVAX/WBTC, AVAX/SUSHI AVAX/LINK, AVAX/UNI
Fiat Party💸: AVAX/USDT, AVAX/DAI, WBTC/USDT, WBTC/DAI, ETH/USDT, ETH/DAI
Slow BAMBOO🐢: DAI/USDT, AVAX, BTC, ETH, LINK *No Impermanent Loss*

Below is the updated version of the BAMBOO rewards allocation.