In this post we'll be talking about DeFi in the BSC (Binance Smart Chain) Network.
The Binance Smart Chain was created in April 2020 and since then it started growing really fast.
It gained more popularity recently because of the really expensive gas fees on the ETH (Ethereum) network.
But now let's jump to the most popular BSC projects right now.
PancakeSwap is a decentralized finance application running on Binance Smart Chain.
You can use it Farm LP tokens or simply stake your Crypto and receive CAKE in return.
The Venus Protocol is a decentralized money market built on the Binance Smart Chain that enables users to borrow and supply collateral onto the platform without central authority or control.
You can use it to borrow any cryptocurrency listed on the site or you can lend you crypto to the site and earn interest on it or if you want something more safe you can use the Vault to store VAI and earn XVS.
AutoFarm is a yield farming aggregator running on both Binance Smart Chain (BSC) and Huobi ECO chain (HECO).
You can use it to Farm LP tokens with the advantage of auto compound.
Thank you for learning more about DeFi in the BSC network with me today, I left a few more informing links to the sites I talked about today and also a few others to help you see new projects coming up.
Links:
https://app.venus.io/dashboard
https://cryptocurrency-defi.blogspot.com/2021/03/defi-in-bsc-network-binance-smart-chain.html
