The Kitchen

The Kitchen is your space to allow your BRC to flourish. With no time lock or fees, it's a place of freedom and growth. We like to call this "Cooking" our BRC tokens.

Nurture Your BRC in Our Kitchen:

The unique V2 Cooking Contract means each BRC deposited is matched with xBRC at a 1:1 ratio, unlocking new possibilities for earning. This feature represents not just a new way to engage with your tokens but a novel approach to maximizing your overall DeFi experience.

The unique part about how the APR works for BRC, is that it doesn't calculate the APR by dollar value, it simply calculates and generates the APR by overall token count.

For Example:

1,000 BRC at a 50% APR, would always generate 500 BRC per year.

1 BRC could be worth $0.001, or it could be worth $100, and the overall generated yield would still be the same. This is a key difference when comparing how the APR of the Kitchen works vs the APR for SALSA in the Salsa Bar.

This also opens up huge opportunities, as if one were to deposit 1,000 BRC into the Cooking Contract when 1 BRC is worth $0.01 at a 50% APR, and the price ends up going to 1 BRC being worth $1.50 by the time a year has passed, this would be a 150x in token value. This means the APR would be 150x greater in dollar value as well, even though the APR would still reflect as a regular and consistent number that has not followed the price action.

To expand on this more:

If their original obtained amount of 1,000 BRC would have been worth $10 at $0.01 per BRC, and would have then been worth $1,500 when BRC reached $1.50, this changes their true APR amount.

If BRC stayed at $0.01 per token, their APR would remain at 50%, and they would generate a total amount of 500 BRC tokens, which would bring their total earned yield to $5. Their $10 plus the $5 in yield would result in a total of $15.

However, if BRC went up to $1.50 per token, the APR would still work the same, and they would earn 500 BRC tokens in a year. However, the value of that yield would be worth $750.

A 150x increase in token value form a users time of entry, assuming they kept their tokens in the cooking contract this entire time, this would turn the 50% APR into a true APR of 7,500%.

Do with this information as you will. ;)

p.s. - think about the additional yield if a user added their xBRC to a SALSA pool while their BRC was inside of the Cooking Contract. TWO STREAMS OF YIELD!