The new feature allows BSW holders to stake tokens and earn with a fixed APR without risk.
BiSwap Brings Fixed Staking to BNB Chain
BiSwap Decentralized Exchange (DEX) has launched the first Fixed Staking feature on BNB Chain. The protocol was able to achieve the feat following huge backing from Binance.
BiSwap partnered with Binance to launch the feature and urged that users take advantage of the opportunity via its blog post on April 8. The feature is exciting for the chain, bringing a new way of earning profit.
“Holders of BSW and TOP tokens are presented with an exceptional opportunity to multiply their crypto assets on Biswap! Our team worked tirelessly to make it happen. Don’t waste your time. Stake & Earn TOP tokens now!” BiSwap encouraged users through the blog post.
Fixed staking allows users to stake a token and receive profit with a fixed Annual Percentage Rate (APR) in the same token. For instance, users can stake DOT for a given period (30, 60, or 90 days) and earn DOT. However, to start staking, users need to hold $BSW, the native token of BiSwap.
“Putting it simply, Fixed Stalking occurs when a user stakes tokens and receives profit with a fixed APR. Launch of the first Fixed Staking on DEX on the BNB Chain allows holders of the leading tokens to expand their crypto assets with no risk. You need to be a BSW holder as Fixed Staking requires a certain number of tokens to be staked in the Holder Pool,” BiSwap wrote.
How to Participate?
BSW holders are eligible to utilize the innovative feature, as stated in the BiSwap blog. Thus, the BSW Holder Pool is tied to Fixed Staking. While this is true, users must hold different BSW tokens in the Holder Pool, depending on the time-lock duration as follows:
200 BSW in Holder Pool: 30 days Lock Period
300 BSW in Holder Pool: 60 days Lock Period
400 BSW in Holder Pool: 90 days Lock Period
BiSwap offers users ADA, DOT, and WBNB Fixed Staking Pools. Each has a maximum and a minimum number of tokens that can be staked per lock period. Users can withdraw their tokens following the staking period. They can also withdraw their tokens before the time-lock runs out. However, they would have to pay a commission of 1.99% from the deposit + profit amount.
The latest implementation by BiSwap shows that the platform wants to create a crypto-earning ecosystem for users on BNB Chain. With Fixed Staking, BSW holders have one of the best risk-free profitable mechanisms in the Decentralized Finance (DeFi) space. Read the BiSwap blog to learn more.
BSC News has an informative piece about the BiSwap protocol. You can read it HERE and understand the protocol’s unique offerings.
What is Biswap:
Biswap is the first decentralized exchange platform on the market with a three-type referral system and the lowest platform transaction fees (0.1%). It is a decentralized exchange platform for swapping BEP-20 tokens on BNB Chain. Biswap has a popular utility token, BSW, with a huge user base that supports the Biswap ecosystem. Apart from being able to trade BSW token, you can also make use of a wide variety of additional benefits that come along with it. Biswap aims to become a benchmark for DEX platforms.
Where to find Biswap:
Source : bsc.news
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