Five yield farms on the BNB chain
As the market consolidates and Degens looks for more desperate plays, there are many reliable yield farming protocols on the BNB chain. The chain isn’t home to the sky-high Annual Percentage Yields (APYs) it once had when it started, but many projects continue to issue consistently bank-pounding APYs with tokens that maintain solid price value.
Below we list five protocols on BNB Chain with solid yield farming experiences:
pancake swap
The most popular decentralized exchange (DEX) in all of crypto. PancakeSwap hosts dozens of yield farms and liquidity pools. The easy-to-use user interface (UI) makes this DEX a clear favorite. The native CAKE token has also held up strongly against the bear market, outperforming BTC and ETH over the past few months.
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For more information on PancakeSwap, see the BSC News PancakeSwap Project Insight.
Where to find PancakeSwap:
Website | Twitter | Medium | GitHub
Venus protocol
The most well-known lending and lending protocol on the BNB chain. Venus advertises a clean UI and the largest farm related to BNB coins in the entire BNB chain. According to DefiLlama, the WBNB farm alone has over $350 million in liquidity. Since Venus faced multiple hacks in 2021, it has rebranded and become a reliable farming tool for BNB chain users.
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For more information on the Venus Protocol, see the BSC News Venus Protocol Project Insight.
Where to find the Venus Protocol:
Website | Twitter | Telegram | Middle
wombat exchange
This is the new kid on the block compared to Venus and PancakeSwap. Launched in Q3 2022, Wombat specializes in stablecoin returns that offer unique opportunities to grow and grow APY potential. With a Total Value Locked (TVL) of $127 million, the platform has quickly become a favorite. Wombat Exchange has also built several connected protocols through partnerships and developments, such as Wombex and Magpie, and increased the reach of its DeFi ecosystem use cases.
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For more information on Wombat Exchange, see the BSC News Project Insight.
Where to find Wombat Exchange:
Website | Twitter | discord | Medium | telegram
Baby Doge Swap
The once-popular memecoin has been rebranded as a full-fledged DEX. The Baby Doge Swap now has pages for swapping and staking. There are tons of assets that can apply for pools and farms on the staking and farming pages. Users can find just as much flexibility with the new Baby Doge DEX as with PancakeSwap. Baby Doge’s incredible popularity has already helped it rake in over $30 million for TVL.
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Where to find Baby Doge Swap:
Website | Twitter | Telegram | Reddit | Swap |
Alpaca Finance
The top leverage yield farming protocol on the BNB chain, Alpaca Finance is where traders go to test their skills. Alpaca Finance offers traders multiple options to use leverage to search for the highest returns while visually knowing how to safely navigate the site. Alpaca has a transparent interface that can help users trade intelligently. Once a prominent unicorn site on the BNB chain, the protocol still boasts a strong TVL of over $400 million.
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For more information on Alpaca Finance, see the BSC News Alpaca Finance Project Insight.
Where to find Alpaca Finance:
Website | Twitter | Telegram | discord | Medium | GitHub |
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