harvest finance and binance smart chain

Harvest finance moves to BSC very soon

By Makingdigital | makingdigitals | 12 Feb 2021


The most popular Yield Farming platform on the Ethereum blockchain is Harvest.finance but it does have some limitations for retail investors that they have to figure out if they want to expand.

The creators of Harvest.finance want to join the success of the Binance Smart Chain. They have publicly recognized that the low commissions and speed they have is a very important factor that they cannot compete with so far. Therefore, if the BSC generates money and people are migrating their capital to this protocol, Harvest.finance does not want to be left behind.

They are already in the process of searching for several developers to help them implement the Binance network on their platform. Likewise, Value DeFi, another Yield Farming platform, has made public on social networks that they are passed to the BSC due to the expensive and high transactions that the first layer of Ethereum has when complex smart contracts are executed.

A few hours ago I spoke about Pancakeswap and its success, it is impossible to be blind and deaf on this matter. Traders are also turning to the Binance network as they save a lot of gas when trading. With this dynamic, many projects are going to consider working with BSC, at least until the Ethereum network implemented the second layer on all its platforms and the network is decongested.

For some it may be negative, since Ethereum claims to be fully decentralized, unlike Binance. However, money is what moves the masses. It is positive and healthy that there is competition, especially for us. I believe that this situation will benefit any investor, regardless of their profile. More opportunities, simply.

I have been looking forward to Harvest.finance for a long time but because of the gas I have always stayed out of it. Hopefully I can change this soon.

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Makingdigital
Makingdigital

Entrepeneur, writer and Cryptolover. My site in Spanish Coindallas.com


makingdigitals
makingdigitals

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