DeFi Ventures to Watch in 2021 on Binance Smart Chain (BSC)

 The crypto market has been restructured in a number of ways this year. The expansion of the DeFi and NFT industries has placed a burden on older blockchains like Ethereum. This networks were designed with the goal of increasing their fee structure as the blockchain gets more congested. Unfortunately, this technological error has resulted in consumers paying record-high petrol prices. Many people in the industry are looking for solutions to these rates.

 The Binance Smart Chain is one alternative that has seen substantial growth as a result of these and other factors (BSC). In the DeFi and NFT markets, BSC is currently the fastest-growing Ethereum competitor. A host of innovative and groundbreaking ventures have fuelled this expansion. Here are six BSC projects to keep an eye on in 2021.

Lendefi Finance   

Lendefi Finance is a company that deals in financial services.
The BSC gets a stable peer-to-peer lending protocol from Lendefi. Users that use this portal have access to undercollateralized loan services, which is exclusive. Undercollateralized lenders don't expect you to put up any of your money as collateral on your loan. As a result, more customers are able to take advantage of their systems and receive funding.

Lendefi Finance achieves this goal by integrating a proprietary liquidity pool security mechanism. The network makes use of large liquidity pools on PancakeSwap, a common BSC-based DEX, to link lenders and borrowers in a trustless manner. This technique cuts out the middleman, allowing both sides to be more flexible.

DeFi Yield Protocol (DYP) 

Another promising initiative that has helped to raise awareness of the BSC's advantages is the Defi Yield Protocol. This framework combines all of the most important DeFi features into a single, simple-to-use gui. Staking, forestry, and mining ponds are also available to users. With all of these features, new users with no prior experience in the industry can easily secure stable ROIs.

Notably, DYP implements several deflationary protocols to help handle the platform's native token value over time. Best of all, DYP users will currently take advantage of all of these utilities for a fraction of the cost of doing so on Ethereum. In addition, the network makes use of a group governance system to give its members greater say over the project's future course.


PancakeSwap is a DEX and AMM operated by Binance Smart Chain. The network makes it simple for users to exchange BEP-20 tokens in a safe and reliable manner. PancakeSwap was developed to compete directly with Uniswap, the world's most famous DEX. It has made significant progress in this regard. PancakeSwap is much less expensive and more responsive than Uniswap.

PancakeSwap, like Uniswap, utilizes large liquidity pools to allow new ventures to start rapidly. Along with their ETH-based favourites, users can find a range of tokens that are unique to the network. The network, for example, has a 5-second average processing time and lower fees. PancakeSwap is currently the biggest Dapp on the BSC. Most importantly, it does not necessitate any KYC/AML registration.


Ren is a decentralized interoperability protocol that aims to address one of the most pressing problems in the DeFi market. Ren's creators set out to create a forum that embodied the key elements of DeFi. The app, in particular, delivers a user interface that is trustless, permissionless, decentralized, and private. Ren, in particular, helps developers to build smart contracts that can regulate tokens on other blockchains on any network.

In 2017, the network debuted. Originally, it functioned as a "dark pool," allowing traders to place orders anonymously. The network made its dark pool programming features available to all developers in 2018. Because of the integration of end-to-end security technology, the network now has a completely private user experience. Ren adds a new degree of anonymity and interoperability to the DeFi market in this way.


Autofarm is a yield aggregator that operates through several chains. Yield aggregators transfer the money to the most lucrative liquidity pools immediately. Because of its capabilities, the network has gained a lot of traction. Notably, after delivering over $40 billion in volume, the network recently climbed to second position on the DappRadar rankings. In several cases, the network is special. It is not, first and foremost, a Uniswap hardfork like all of its rivals, including PancakeSwap.

Autofarm was the first cross-chain yield optimizer to debut on BSC, and it was a huge hit. Vaults, Swaps, and an efficient DEX protocol are all part of the platform's approach. To provide consumers with the best prices and stop slippage, the DEX divides the trades through several DEXs. The yield optimization protocol is currently in use on both the BSC and Huobi ECO chains. A recent interface redesign can be blamed for some of this development.

Pancake Bunny

Another common DeFi yield aggregator is Pancake Bunny. This protocol was designed to give PancakeSwap users a greater return on investment and a more streamlined operation. Both PancakeSwap LP pairs are immediately offered Pancake Bunny's services. Users also have access to auto compounding functions, which help them boost their earnings even further.

Since its introduction earlier this year, Pancake Bunny has seen rising consumer acceptance. At the time of publication, the network had a market value of $156,424,664 and gross deposits of $1,410,739,138. Higher benefits, lower fees, and a more open farming experience have all contributed to a recent increase in interest in this site. BUNNY, CAKE, BUNNY-BNB, CAKE-BNB, BUSD-BNB, USDT-BNB, DAI-BNB, USDC-BNB, VAI-BUSD, and USDT-BUSD Pools are currently available from Pancake Bunny.

The Top 6 BSC Programs to Keep an Eye on in 2021

It's crucial to keep updated on these innovations as the BSC's capabilities and user base increase. Many investors are searching for Ethereum replacements, so this special blockchain is more relevant than ever. At this time, BSC seems to be the safest choice. As a result, these ventures are expected to begin to gain traction in the coming months.


How do you rate this article?



Bitcoin Ethereum Altcoins Block chain
Bitcoin Ethereum Altcoins Block chain

Everything About Bitcoin Ethereum Altcoins Block chain

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.