CobraPit

What is CobraPit

CobraPit is a single staking pool where the PitBreeder smart contract routinely market buys COBRA tokens using earned LP fees and rewards the proceeds to everyone staking in the CobraPit based on their pool share.
In exchange for your staked COBRA, you will receive xCOBRA. xCOBRA and COBRA started at a 1:1 ratio, but as time goes on, rewards are paid out and xCOBRA appreciates relative to COBRA. Withdrawing from the CobraPit will return COBRA in place of the xCOBRA, returning the original staked amount plus any earned rewards.
Deposits & Withdrawals are 100% free (other than the BNB transaction fee), and all rewards earned are 100% unlocked upon withdrawal.
The claim button forces the PitBreeder to market buy. Recently, though, there was a bot put in place to automate this process.
Last modified 2mo ago
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