Binance Adds More Value to BNB through Yield Farming on Launchpool Platform

2020-9-7 17:02

Centralized cryptocurrency exchanges, OKEx, and Binance, are now jumping on the bandwagon of yield farming, the hottest thing in the DeFi.

After launching the mainnet of its smart contract-enabled blockchain and an AMM called Binance Liquid Swap recently, popular crypto exchange Binance released Launchpool to take advantage of the leading DeFi growth driver.

The exchange clarified that Launchpool is a new product, different from Launchpad, which will continue as normal, that allows users to earn yields from farming new coins while staking BNB and other digital assets. “BNB staked in Launchpool also counts for Launchpad,” it says.

Binance announced this latest product over the weekend, which will allow users to earn income by staking their tokens.

For now, users will be able to stake Binance’s native token BNB and its very own stablecoin BUSD, along with another token, ARPA.

Launchpool has also announced the first project it is hosting, which is Bella Protocol, which raised $4 million in a seed funding round led by Arrington XRP Capital last month. The project aims to enhance the user experience when interacting with DeFi assets by removing complex issues like high gas fees and hopping to different protocols in search of high yields.

Users can start providing staked liquidity this Wednesday for 30 days in three separate pools. A week from that, the exchange will list the BEL token against four crypto assets BTC, USDT, BNB, and BUSD.

Binance is offering BEL rewards at 90% for staking BNB, 9% for staking BUSD, and 1% for ARPA.

“If you think CeFi farming yield won't be higher than DeFi, think again,” said Binance CEO Changpeng “CZ” Zhao.

In decentralized finance, however, it can be much higher.

Binance Coin (BNB) Live Price 1 BNB/USD =21.7206 change ~ -3.46

Coin Market Cap

3.14 Billion

24 Hour Volume

790.23 Million

24 Hour Change

-3.46 var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~BNB~USD");

The post Binance Adds More Value to BNB through Yield Farming on Launchpool Platform first appeared on BitcoinExchangeGuide.

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binance launchpool → Результатов: 10


Binance Launchpool объявила о поддержке нового фермерского DeFi-токена

Пользователи криптовалютной биржи Binance смогут зарабатывать токены нового DeFi проекта с помощью стейкинга BNB и BUSD. Криптовалютная биржа Binance добавила новый проект в листинг песочницы Binance Launchpool — Flamingo (FLM).

2020-9-24 20:00


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2020-9-7 11:00


Binance анонсировала запуск сервиса для «доходного фермерства»

Биржа Binance объявила о запуске нового продукта в стремлении поддержать последние тренды криптовалютного пространства. Binance Launchpool позволит зарабатывать награды в токенах сторонних проектов за стейкинг BNB, BUSD и других активов.

2020-9-7 09:36


Фото:

Binance представила платформу Launchpool для выращивания новых активов

Биткоин-биржа Binance объявила о запуске нового продукта, который позволит получать вознаграждение в виде новых токенов за стейкинг BNB, BUSD и других монет. Первым проектом на Launchpool станет Bella Protocol (BEL).

2020-9-6 20:03