New BiSwap vaults with high APYs and auto-compounding features are now live on TenFi.
New BiSwap and TenFi Partnership Kicks Off
Top-tier decentralized exchange on Binance Smart Chain, BiSwap has partnered with TEN Finance to bring yield farmers enticing benefits.
The partnership provides auto-compounding vaults for BiSwap liquidity-provider (LP) tokens on TEN Finance. Users who stake BiSwap LP tokens on TenFi earn high APYs as well as $TENFI tokens.
“TEN X BiSwap… We’re LIVE! All new Auto-Compounded @Biswap_Dex Vaults at TEN.finance are now live & earning #TENFI as additional rewards! Bring your LP’s or your #BSW token to earn more!” TenFi announced the collaboration in its tweet from September 16.
Details About The Partnership
In a Medium post on September 13, BiSwap gave more information about the partnership. According to the post, BiSwap chose to partner with TenFi because of its simplified, secure, and sustainable yield-optimizing framework.
The new BiSwap liquidity vaults hosted on TenFi are: BSW, BSW-BNB, TENFI-WBNB, ETH-BTCB, BUSD-USDT, USDC-USDT, UST-BUSD, ETH-BNB, BNB-USDT, BNB-BUSD, BNB-BTCB, BTCB-USDT, ETH-USDT, LINK-BNB, DOT-BNB, ADA-BNB, UNI-BNB.
BiSwap’s vaults on TenFi make yield-farming seamless. Once users deposit their LP tokens and add them to the vaults, no further action is required. The yields compound automatically, amplifying the yields even more.
Collaborations Bring Out The Beauty In DeFi
One of the ideologies of decentralized finance is to reduce the barrier of entry to financial services compared to centralized finance. Decentralized Finance (DeFi) also aims to advance financial freedom without the limitations imposed by Centralized Finance.
However, different DeFi platforms usually focus their services on a specific niche in the DeFi ecosystem. Partnerships with other protocols will enhance interoperability, strengthen the DeFi sector by boosting liquidity across platforms, and enable users to access a broader suite of DeFi benefits.
About BiSwap
BiSwap is one of the top decentralized exchanges on Binance Smart Chain. Launched in May 2021, it was one of the first BSC DEXes to offer very low transaction fee of 0.1%. BiSwap provides a convenient platform for the easy exchange of BSC tokens.
Find BiSwap at the following links:
About TenFi
TEN Finance – an acronym for Token Enrichment Network, is a yield-optimizing platform. It makes participation in DeFi easy by providing a simple-to-use interface. Ten Finance offers several options for staking and farming through which users can make sustainable returns.
For more info about TenFi:
Source : bsc.news
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