Binance - Page 8
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Safemoon Not So Safe? BSC Token Jumps By Over 10 Times, Then Halves
Safemoon, a Binance Smart Chain token, soared by 16 times in the past week driven by TikTok videos, only to immediately whiplash holders as it went on a dizzying ride that has halved its value. The token, whose platform’s only use case is to provide mechanisms to manipulate its price, is 54% below its high…
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Binance Smart Chain Congestion is Slowing Down PancakeSwap
PancakeSwap, the leading Binance Smart Chain application in terms of market capitalization, blamed recent performance woes on an overloaded blockchain. “No, #PancakeSwap isn’t slow, BSC is just overloaded right now,” the tweet said. “We also have an ATH number of people using the site.” The increased demand for BSC block space appears to be the…
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Curve Finance Fork Ellipsis Launches on BSC
Ellipsis Finance, an authorized fork of Curve Finance, launched yesterday on Binance Smart Chain (BSC).The protocol is an exchange for stablecoins and its launch doc promises traders “very low slippage and minimal fees.” As the protocol is an “authorized fork,” holders of veCRV, Curve’s governance token which earns trading fees and liquidity provider rewards, will…
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1Inch Expands to Binance Smart Chain
1INCH is expanding into Binance Smart Chain (BSC), one of the first major Ethereum-based DeFi projects to make the jump. “Crossing the hell of burned #Ethereum lands our hero stumbles upon the mysterious yellow portal,” the project tweeted today. BSC users will get access to all the same 1Inch functionalities that are already available on…
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ETH Remains DeFi King as BSC Fights for the Crown
The DeFi world is abuzz with the following question: Is Binance Smart Chain taking over Ethereum as the ecosystem’s base layer? We looked at the numbers and the answer is not by a long shot ––at least not yet–– and this is assuming that BSC can actually be considered DeFi, which some Ethereum advocates will…
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Binance Launches High-Yield CRV Staking Option
Binance is offering a new high-yield staking option for CRV holders. Locked CRV staking will be offered on a first-come, first-served basis, and is available for 15, 30, and 60- day durations. Lenders can stake anywhere from one to 5,000 CRV, and earn up to 13.42% APY for a 60-day locked stake. CRV is the…