Now that Harvest Finance has integrated Binance Smart Chain farming assets they have provided a great way to earn a yield using a blockchain with cheaper transactions.
Before we begin there are few things you might need to go over if you are new to the Binance Smart Chain;
- First, you need to install a MetaMask wallet.
- Second, you will need to hook MetaMask up to the Binance Smart Chain.
- Third, you will need to onboard some Ethereum based assets onto the Binance Smart Chain.
- Fourth, you will need to purchase BEP-20 $ETH and $BTCB (Binance Bitcoin). The second section in this tutorial covers how to purchase Binance Assets through PancakeSwap. Instead of purchasing $DAI, replace that with either BEP-20 $ETH or $BTCB.
Once you have all of them sorted and you have either $BTCB or BEP-20 $ETH, you can go ahead with this tutorial.
Head over to Harvest Finance, select the Binance Smart Chain, and connect your wallet. Remember to have “Smart Chain” selected in your MetaMask;
Farming $BTCB On Harvest Finance
The $BTCB farming is located in the “Venus” category;
Farming $BTCB is extremely simple. All you need to do is enter how much $BTCB you would like to deposit into the strategy or hit “Max”. Once that is entered, simply hit “Deposit”;
This will bring up a MetaMask window asking for permission to spend your $BTCB. If you are happy with the fee, simply hit “Confirm”;
Once that transaction has been processed, a second MetaMask window will pop up asking you to confirm the deposit. Simply hit “Confirm” again;
Again, after that transaction has been confirmed another MetaMask notification will pop up. This time, it is asking for permission to spend your $bfBTCB. It is part of the strategy to allow Harvest Finance to Yield Farm for you so go ahead and click “Confirm”;
Once that has confirmed the final MetaMask window will appear asking for permission to “Stake” your assets. Again, simply hit “Confirm”;
Once that has confirmed, you are all set! You are now yield farming $BTCB on Harvest Finance through the Binance Smart Chain and will be earning $bFARM as a reward!
Farming BEP-20 $ETH On Harvest Finance
Farming BEP-20 $ETH on Harvest Finance is pretty much the same as farming $BTCB. However, you just need to go to the Binance Smart Chain $ETH section instead. Again, it is located in the Venus Catagory;
The procedure is exactly the same. Simply enter the amount of $ETH you would like to farm with and hit “Deposit”. Then accept all the MetaMask notification windows that appear. Again, there should be four of them in total.