In this post we'll be talking about Goose Finance.
Goose Finance is a decentralized exchange running on Binance Smart Chain and PancakeSwap exchange, with lots of other features that let you earn and win tokens.
You can use it to Farm LP tokens or simply stake your Crypto and receive EGG in return.
It's a very simple way to start in DeFi, and the best part it's that uses the BSC (Binance Smart Chain) Network.
The BSC (Binance Smart Chain) Network has one of the lowest, if not the lowest gas fees right now.
In Goose Finance you can exchange your tokens easily.
You just have to input the value of the coin you have on your wallet, and choose which token you want to exchange for.
Once you have both coins on your wallet, you can add Liquidity to them, which will create a LP token of the pair of coins you choose to do so.
After you added Liquidity, you now have a LP token, which you can use on the Farm on Goose Finance or another DeFi service.
If you stake a EGG-BNB LP on the Farm on Goose Finance, you will receive EGG as a reward.
The EGG you got as a reward can be used to stake EGG in the Nest to earn more EGG.
Or you could also just make an Exchange as mentioned before, and stake your EGG on the Nest directly.
The best part about the Nest, it's that you can Compound what you earn, that means that you can reinvest the EGG you won on the Nest, and doing that, you can earn more EGG.
Thank you for learning more about Goose Finance with me today, I left a few links that can help you track your progress on the site.
Links:
https://cryptocurrency-defi.blogspot.com/2021/03/goose-finance-defi-in-bsc-network.html
