BUNNY#10071other
Pancake Bunny
0xc9849e6fdb743d08faee3e34dd2d1bc69ea11a51
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Pancake Bunny wiki
First drafts are compiled automatically from public and primary sources, with every claim cited. Anyone can propose edits, and every change is reviewed against primary sources before it goes live.
Background
Updated by Tokenica
PancakeBunny is a decentralized finance (DeFi) yield aggregator and optimizer built on Binance Smart Chain (BSC) that automates compounding for yield farming strategies primarily involving PancakeSwap (CAKE) liquidity pools and Venus (XVS). The project provides vaults and maximizers where users deposit LP tokens or single assets to earn compounded returns in the underlying assets. The BUNNY token serves as the platform's governance and staking token, with minting tied to performance fees collected from vaults. The contract address 0xc9849e6fdb743d08faee3e34dd2d1bc69ea11a51 matches the BUNNY token deployed by the PancakeBunny-finance project.
Team
Updated by Tokenica
- Jun HurCEO and Co-Founder
- Changhwan HurCOO
Tokenomics
Updated by Tokenica
The BUNNY token has no maximum supply. New tokens are minted at a rate of 15 BUNNY for every 1 BNB collected in 30% performance fees, which are distributed to BUNNY stakers; roughly 13% of all mints are allocated to development. BUNNY utility centers on staking to receive BNB rewards from fees and earning tokens via farms or the zap function. Historical presale details include a lockup of 50,000 BUNNY tokens distributed over time with new issuance, but no further vesting, burns, or distribution splits are documented in project sources.
Timeline
Updated by Tokenica
- Nov 18, 2020BUNNY Token Generation EventTGE for BUNNY token completed on November 18, 2020, marking the initial distribution of the governance token for the Pancake Bunny ecosystem.
- December 2020Pancake Bunny Yield Aggregator LaunchPancake Bunny, a yield farming aggregator and optimizer on Binance Smart Chain developed by MOUND, officially launched, accumulating significant TVL shortly after.
- Apr 12, 2021Binance Labs $1.6M Seed InvestmentBinance Labs led a $1.6 million seed round in MOUND, the developer of Pancake Bunny, to support expansion and new product development.
- Apr 27, 2021All-Time High Token PriceBUNNY token reached its all-time high price of $512.75 amid growing adoption and TVL exceeding $2 billion.
- May 19, 2021Flash Loan Exploit IncidentPancakeBunny protocol suffered a flash loan attack exploiting a price calculation vulnerability in the PriceCalculator contract, resulting in minting of ~7M BUNNY tokens and losses estimated at $30-45 million.
- Jun 2021Post-Hack Recovery Plan AnnouncedTeam announced a recovery plan including compensation mechanisms like pBUNNY token, performance fee sharing, and buyback-burn programs following the May exploit.
- Dec 16, 2021Leveraged Yield Farming ReleasePancake Bunny introduced leveraged yield farming features to enhance user yields on the platform.
- Feb 11, 2022Transition to DAO GovernanceAnnouncement that protocols would shift from team-led to decentralized autonomous organization (DAO) governance structure.
ProductsNothing notable found yet
Controversies
Updated by Tokenica
In May 2021, PancakeBunny was exploited in a flash loan attack that manipulated PancakeSwap LP prices via an AMM oracle bug in the VaultFlipToFlip contract, enabling the minting of ~6.97 million BUNNY tokens and extraction of ~114,000 WBNB (~$45 million), per PeckShield root cause analysis and contemporaneous reports from CoinMarketCap, Amber Group, Halborn, and CryptoPotato. The project froze withdrawals and deposits following the incident, during which the BUNNY token price crashed over 99% before partial recovery. Multiple secondary sources document this as the primary verifiable material incident; no regulatory actions, team departures, additional exploits, depegs, or sustained public controversies are reported in the surfaced results.