Wrapped BANANO (wBAN) Updates — December 2021

Dec 21, 2021 • 2 min read

In order to be able to swap wBAN from/to other crypto, there is a need for liquidity providers. Since liquidity providers are taking risks (in the form of impermanent loss), some farms are running to provide rewards proportional to the liquidity they provide. “Benis” is the smart-contract in charge of distributing those rewards.

[Polygon] SushiSwap wBAN-wETH

Benis will start lowering its rewards after January 1, 2022.

The new batch of rewards for the next 28 days (January 1 -> January 29) will be 350k wBAN.

350K of Banano rewards will be distributed (January 1-January 29)

6 Month Anniversary NFT Airdrop Statistics

The 6 month anniversary NFT airdrop can no longer be claimed.

Over 500 NFTs were claimed!
Total supply of the airdropped NFTs are:

Mermonkey: 11.7% claimed (386 NFTs out of 3304)
Treasure Chest: 18.73% claimed (121 NFTs out of 646)

Look out for future NFT rewards in the future!

wBAN Statistics

Some notable statistics:

wBAN distributed more than 6M BAN so far as farm rewards (4M on BSC, 2M on Polygon)
During the last big pump wBAN had daily volumes higher than $500k
A LOT of monkeys learned DeFi through wBAN and became confident enough to use other DeFi apps
Plenty of monkeys joined the ban fam from wBAN on PancakeSwap

wBAN Holders count: (excluding users where all their wBAN are in the farms)

Binance Smart Chain: 3357 wBAN holders
Polygon: 769 wBAN holders

What is wBAN?

wBAN is short for Wrapped Banano. The main idea is that you wrap your Banano as wBAN tokens, and unwrap wBAN tokens back to Banano crypto. This allows you to use a representation of Banano on other blockchain networks! wBAN is currently available on the Binance Smart Chain and Polygon. See wBAN FAQ for more details.

wBAN was created to connect Banano to the wider smart-contracts / DeFi ecosystem. We love seeing monkeys learning and participating in DeFi, and we welcome new users coming onboard Banano!

What the Fork is BANANO?

For those of you who don’t know BANANO yet, it’s obviously perfect to just read our animated, meme-rich and interactive Yellowpaper! BANANO is a cryptocurrency (forked from NANO in April 2018) powered by DAG technology — here to disrupt the meme economy. Yes, BANANO has memes! And also feeless and near-instant transactions, a highly active community, and active technical development! The BANANO community doesn’t take themselves too seriously, but we’re here for the long run and we enjoy what we do. On top of this, BANANO is super easy to use and puts an emphasis on free and fair distribution, gamification and crypto education.

See current BANANO price and market data at Coingecko or Coinmarketcap. All current trading pairs and exchanges here.

Join the Banano Republic!

BANANO ($BAN) is a fee-less, instant, rich in potassium cryptocurrency powered by DAG technology disrupting the meme economy.

Official Website: banano.cc
Help getting started: banano.how
Community News: Daily Peel
Yellowpaper | Wiki

Overviews:
BANANO News | BANANO links