Oh man, are you also tired of Centralized Exchanges?

Well, that would be understandable these days after the whole shitshow around the FTX debacle. If you have transferred all your funds from CEXs to your own wallet then you can still put your crypto to work. 

The darkest hour of Centralized Finance in crypto may be the hour of Decentralized Finanze and Decentralized Exchanges. One of the most popular Decentralized Exchanges is Biswap. Here are multiple ways to put your crypto to work.

What Is Biswap?

If you are following me here on Publish0x then you should already be familiar with Biswap. However, for those of you who are for some crazy reason not familiar with Biswap yet, here is a brief introduction. 

Biswap is a popular and leading Decentralized Exchange (DEX) on the BNB Chain. I believe that Biswap is much more than just a simple DEX where you can swap token A for token B. Biswap offers you multiple earning opportunities. Some of these earning opportunities are unique and make Biswap stand out from its competitors. With only 0,2%, Biswap has also the lowest trading fees on the BNB Chain!

There are actually so many earning opportunities on Biswap that it can be overwhelming, especially for new users of the DEX. For this reason, I have decided to write this post.

Let's check out the different earning opportunities on Biswap. 

Biswap Token $BSW

Biswap DEX has its own native token with the ticker $BSW. This token is involved in all those various earning opportunities that you can find on Biswap.

If you want to dive deeper into the $BSW tokenomics and its potential, I recommend reading one of my previous posts with the title Biswap Token In-Depth Analysis - Should I Invest in $BSW?

Liquidity Providing And LP Farms

Something that you can do on all DEXs is providing liquidity. As a liquidity provider on Biswap, you get rewarded with LP tokens in return. Then you can stake your LP tokens in LP Farms to earn $BSW tokens. You can find many different liquidity pairs on Biswap with high APYs.

Very popular are farming pairs with stablecoins. The APY for liquidity providers is huge and you can control the volatility more easily.

The thing is that providing liquidity is also associated with the risk of impermanent loss. No one is insured against risks associated with impermanent loss. For this reason, providing liquidity is an earning method that I recommend to advanced users. If you are new to DeFi, I recommend starting with the lucrative Launchpools on Biswap.

Launchpools

My favorite feature to generate passive income on Biswap are the Launchpools. They are a great way to make yourself familiar with Biswap if you are new to the platform. Generating passive income with the Launchpools is not only easy but also lucrative, especially the double-Launchpools.

You can stake your $BSW tokens to earn more tokens, not only more $BSW tokens but also other popular tokens. Check out the current Launchpools on Biswap in the screenshot below.

If you want to start earning from the lucrative double-Launchpools, you need to have at least 500 $BSW tokens staked in the so-called Holder Pool. The reward in the holder pool will be automatically harvested every five minutes and compounded. The $BSW in the Holder Pool locked over a period of 90 days. 

Multi-Reward Pool

An innovative earning opportunity is the multi-reward pool, a feature that you won't find on any other DEX! 

The Multi-Reward Pool on Biswap is an additional earning option for everyone who is trading on the DEX and staking $BSW tokens. Simply stake some $BSW tokens in the Multi-Reward Pool and start or continue trading, that's it!

I have already written about this feature when it was newly introduced a few weeks ago. In case you have missed it then you can still read the article here on my blog: The New Crypto Multi-Reward Pool on Biswap DEX

Fixed Staking

Biswap is the first DEX on the BNB Chain introducing Fixed Staking. This is also a great way for those of you who are new to DeFi to generate passive income. You can put TOP tokens to work and earn the same token at a fixed rate.

Referral Program

You can also earn $BSW with the Biswap referral program. When you invite your friend to Biswap, you can earn 5% from Farms, 5% from Launchpools, and up to 20% swap commission.

If you like, you can even share the profit with your friends.

Competitions & Social Media Events

Guess what, you can also earn the mighty $BSW token just by being an active member of the Biswap Community, and best of all, it's fun!

Biswap has a vivid community across various social media channels and communities that you can join. In this way, you can keep yourself up to date. Biswap is frequently announcing new promotions, innovative new features, and events like the TopGoal x Biswap World Cup Event.

That's why I believe that being active in the Biswap Community is also an opportunity to earn $BSW rewards, so make sure to join. 

My Final Words

If you have only used Centralized Exchanges so far then I hope that I could encourage you to try Decentralized Finance. Biswap is one of the best DEXs, not only for those who are new in the DeFi space but also for experienced DEX users. 

Of course, I would also like to know what your favorite earning opportunity on Biswap is. My favorite earning opportunity on Biswap are the Launchpools and what is yours?

At the end of my post, I also like to remind you that my intention of this post is to raise your awareness of Biswap and the earning opportunities on the DEX. My intention is not to replace your own research. Please also note that I will submit this article to the Biswap Space Agents Program. However, let me ensure you that this article really reflects my own opinion.

I hope that I could provide you with some useful information. If this is the kind of stuff you like to read on Publish0x, make sure to hit that follow button. Thank you guys as always for reading, liking, following, and tipping 👍 

If you like, you can also follow me on Twitter and diamond.

You may also like: Biswap Token In-Depth Analysis - Should I Invest in $BSW?