I am pretty sure that if you like PancakeSwap, well, you will love Biswap. It is also running on the Binance Smart Chain but with the lowest exchange fees and the highest APYs. If you haven`t done it yet, then you should definitely check it out. 🤓
What Is Biswap?
Biswap is a decentralized exchange platform where you can swap BEP-20 tokens on the Binance Smart Chain. You can compare it to PancakeSwap in its early stages. It has all the benefits from the Binance smart chain like fast transactions at low transaction costs.
The fees for swapping on Biswap are lower than on PancakeSwap, currently 0,1%. The APYs, on the other hand, are much higher.
Biswap has a strong community and has already found its way into the TOP 10 DEXs by value locked on the Binance Smart Chain.
The Biswap Token
You need to have some Binance Coin and some Biswap tokens in a non-custodial wallet to take full advantage of Biswap.
You can buy some BNB over on Binance and withdraw the Binance Smart Chain version to your private wallet. Connect your wallet to Biswap and swap some of your BNB to BSW. Alternatively, you guessed it, you can also get some BSW on PancakeSwap.
The Biswap Launchpool
Of course, you can also provide liquidity on Biswap but my absolute favorite is the Launchpool which is very similar to the PancakeSwap Syrup pools.
Go to the Biswap Launchpool and connect your wallet by clicking the Connect button on the top right-hand side.
Choose the pool you like to stake in and click the Enable button. Confirm the action in your wallet and the Enable button should be replaced with Stake. Click the button to bring up the staking menu.
Choose the amount of Biswap token you like to stake and click Confirm. Again, confirm the transaction in your wallet.
Now you are able to see the details of your stake in your pool. The pools will show a Collect button to harvest your staking rewards.
Currently, you can also stake BSW to earn CAKE or BUSD.
My Final Words
If you like CAKE & BAKE, then you will also love Biswap. I am also interested to know if you have already used Biswap or if you are going to check it out. Please, let me know in the comments. 🤓
At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of Biswap. My intention is not to replace your own research. I am not your financial sensei even though I look like an expert.
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