Lately,I have been testing out CEFI of Binance after testing DEFI of Tron.
I have to say,things are starting to get interesting in this crypto sphere.
To start with,many people thought Decentralised Exchanges are going to kill Centralised exchanges because of DEFI and 'safety of assets'.
But CZ Binance responded with Centralised Finance where you can save specific assets to yield farm the coins.
So,I was very eager to save my assets in Binance as it is considered 'the safest exchange'
And...I checked for the assets I can save to yield farm the new coins.
Currently Supported Assets are BNB of course,BUSD,ARPA & ONT..
For 2 days,I saved 850 ONT (650$) to check out how much I can farm from Binance CEFI.
All you need to do to yield farm is to transfer either of the assets which is supported by LaunchPool from Spot Wallet to Saving Wallet.
And I got back 7$ worth of WING token every 24 hours!
I must say,it is pretty good farming rate.
But you have to note that,each asset farm different assets.
If you save ONT,it will farm WING and ARPA for BELA.
But if you save BNB and BUSD, you will be able to farm both WING and BELA at the same time but pool amount differs which you can check for yourself in the saving page here .
If you are scared of price fluactuation ,you can save BUSD only and it will still farm BELA and WING for you .
If you have any question regarding this CEFI farming,pls comment below
and if you want to know about SUN coin yield farming on TRON,read here .
If you want trading setups,follow me on tradingview where I usually posts charts there https://www.tradingview.com/u/tikyikhant/
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