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Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Lenipiw on September 04, 2020, 05:49:47 PM

Title: Binance takes on DeFi with Uniswap competitor and liquidity mining
Post by: Lenipiw on September 04, 2020, 05:49:47 PM

Crypto exchange giant Binance makes another move into DeFi with new token swapping liquidity platform.
Crypto exchange giant Binance is delving deeper into the world of DeFi-style products with its latest offering, an automated market maker called Binance Liquid Swap.

Aimed directly at Uniswap and its clones, Binance will launch an AMM liquidity pool that allows users to provide liquidity by depositing tokens. Just like the world’s most popular decentralized exchange, Binance Liquid Swap will also enable users to earn interest in addition to a cut of the trading fees for the pool.
Visit Here: https://cointelegraph.com/news/binance-takes-on-defi-with-uniswap-competitor-and-liquidity-mining

Title: Re: Binance takes on DeFi with Uniswap competitor and liquidity mining
Post by: highnayem34 on September 06, 2020, 10:43:43 PM

Earnings will be accrued with a corresponding 7-day annual percentage yield (APY) with returns converted into the assets in the respective pools. Transaction fees and prices will be determined by the number of assets in the liquidity pools.