![]() Its native token has surged from just $15.22 in December to an ATH of $984.50 with a current price of $507. Vault holders get to earn 3% of newly minted BDO in addition to high APYs and accrued fees on farmed assets.īearn’s liquidity pools remain high as well with their ETH farm generating more than 1,000% APY and BSC farms with over 300% APYs (at the time of writing). The cross-chain protocol’s new product, bVault, offers double/triple reward systems. Bearnīearn seeks to provide an extensive yield farming ecosystem and to improve the interoperability between BSC and the Ethereum blockchain. Launched in October 2020, Venus has gone on to become one of the largest protocols on BSC with a 24-hr volume of $237M. Interest earned can be used as collateral to borrow more digital assets or to mint VAI (Venus’s stablecoin). Users can deposit cryptoassets like BNB, ETH, and stablecoins to earn interest. Venus is an algorithmic money market for decentralized lending and borrowing. Its yield farm remains ever rich as well with more than 10 pairs yielding an annual APR of 300%+ at the time of writing. In return for providing liquidity, they receive liquidity pool tokens (also called FLIP tokens), which can be staked to earn CAKE. Liquidity providers can deposit cryptoassets into PancakeSwap liquidity pools to earn fees and liquidity mining rewards. Its native token, which was at $0.48 at inception, is currently trading at $13. The decentralized exchange protocol has surged to the top platform the DeFi space with a current 24-hr trading volume of $400M, leaving incumbents like Uniswap and Sushiswap trailing. ![]() PancakeSwap is the leading automated market maker and the first billion-dollar project on Binance Smart Chain. Yield farming on Binance Smart Chain (BSC) has witnessed rapid growth and several protocols have been grateful participants with many more still on the line.īelow, you will find five of the most popular yield farms on BSC. Yield Farming on Binance Smart Chainīinance Smart Chain’s compatibility with the Ethereum Virtual Machine (EVM) and its interoperability with ETH-native protocols have turned it into a popular destination for DeFi DApps. Suppose you have $100 worth of BNB, you can deposit it (usually in equal parts with another asset) in a DeFi lending or trading pool and earn interest on it (depending on the annual percentage yield - APY), typically in form of the DeFi protocol’s native token. Yield farming is an aspect of DeFi that involves “putting cryptoassets to work” by placing them into autonomous financial protocols to leverage strategies such as lending, providing liquidity, and staking to maximize returns. We encourage you to do your own research before investing.Discover a list of the best yield farms on Binance Smart Chain (BSC) that you can farm on today.ĭecentralized finance (DeFi) has added a fresh layer of enthusiasm for crypto, and regardless of the numerous clubhouse sessions and think pieces on its viability, what is clear is that we now have new ways of generating returns in the crypto markets other than trading and HODLing. Markus added that after a thorough examination of the market, he determined that the majority of investors lack fundamental information and only gamble with their investments.ĭISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. ![]() He had previously stated that he no longer invests in the crypto industry, despite being the creator of one of the most successful crypto assets in the past year. Markus feels that Kwon’s latest efforts to resurrect the network through the LUNA 2.0 initiative are a ruse to defraud more people. Billy Markus was irritated by Terra creator Do Kwon’s request that he quit the crypto sector permanently. Markus’ opposition to the crypto space is noteworthy in light of the recent meltdown of the Terra ecosystem, in which investors lost a large portion of their investments. “I mean there’s like 500 shit tokens made daily so 99.9% will definitely crash to 0 but the major ones usually only go down 90% or so,” said Markus. He predicted that by the end of May, at least 99 percent of all current cryptocurrencies will have lost all of their value. Previously, the co-founder has chastised crypto investors for not having enough expertise of the industry before investing in various ventures.Īccording to Markus, 70% of crypto investors have “absolutely no clue” and don’t understand market fundamentals. The computer analyst also saw that accounts promoting BSC Gem are either scam bots or operated by people he described as ‘a scumbag or an idiot’. Every account mentioning “bscgem” is a scam bot, a scumbag, or an idiot.- Shibetoshi Nakamoto June 2, 2022
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