Binance Launches Staked ETH Farming for DODO DEX

[Cz Rock]

Investors that have used Binance to stake on ETH 2.0 can now utilize their staked tokens with the exchange’s latest Launchpool project.

Cryptocurrency exchange giant Binance has just announced its latest Launchpool yield farming incentive for DODO, a Chinese-based decentralized exchange running on Binance Smart Chain.

According to the announcement, the seventeenth project on Binance’s crypto incubator platform will be open for yield farming for 14 days, beginning on Feb. 19. During this period, just over a million DODO tokens will be distributed.

Users will be able to stake Binance Coin (BNB), Binance ‘wrapped’ Ethereum (BETH), and BUSD into separate pools to farm DODO tokens.

DODO claims to be more advanced than regular decentralized exchanges like Uniswap, as it can respond to changing markets and liquidity constraints in real-time. It attracted big venture capital names in a $5 million seed round in October 2020.

Binance Launches Staked ETH Farming for DODO DEX
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