DeFi Recap

This week BSC DeFi’s total value locked(TVL) reached $44.6 billion.

Among them, Venus has $9.55 billion ranking the first, PancakeSwap $9.31 Billion is the second, Pancake Bunny $5.2 Billion the third, MDEX $2.33 the fourth, Ellipsis $1.85 Billion is the fifth.

Trend of the week

The best-performed BSC Tokens this week are:
PMON(2728.54%), HYFI(360.52%), KUN(215.16%), DOP(167.24%), JNTR(62.75%)

Farm of the Week

bEarn.fi
bearn.fi/

bEarn.Fi is a cross-chain automated Yield Farming product, its core is to provide cross-chain Yield generation, game aggregation, bridging, fund management, governance, etc.

Currently, up to 409.3% annualized returns can be made by staking designated trading pairs’s LP tokens in the BFarm zone in Pancakeswap.

The following is farming guide of BFI/BNB LP token staking in Pancakeswap:

Prepare BFI and BNB, add liquidity of BFI-BNB in PancakeSwap, acquire LP Token：
exchange.pancakeswap.finance/#/add/BNB/0x81859801b01764D4f0Fa5E64729f5a6C3b91435b

Visit bFarm section in bEarn.Fi，stake BFI-BNB LP Token, to start farming BFI token:
bearn.fi/farm

Reminder: Do your research before any investment, farm responsibly, and never farm with money you can’t afford to lose.

NFT project introduction

Treasureland
treasureland.market/#/home

Treasureland is a cross-chain NFT issuance and trading platform. Users can create NFTs with one click, and conveniently buy, sell or auction NFTs.

Create NFT:

Visit treasureland.market/create/ ，click Sign in, connect wallet to log in.

Upload NFT by standard, set name and description for NFT, click Create NFT to finish the process.

Trade NFT：

1.Visit treasureland.market/assets/ ，you can view all the NFT assets for sale in the NFT market, choose the NFT you like, click Buy, purchase NFT after signing authorization.

2. Click Account, NFT assets purchased can be viewed in your account

Latest Airdrop Event：

On 15th May, holders of XVS and VXVS tokens will receive a snapshot airdrop on the Binance Smart Chain at block 7479562：

Snapshot time: 2021.03.15, BSC block height 7479562

Snapshot rule: Participant account address must hold at least 0.01XVS/VXVS

Airdrop content: VRT tokens; Limited edition Venus NFT

Airdrop ratio: 1000 VRT: 1 XVS/ VXVS

Detailed snapshot airdrop rule please see: blog.venus.io/venus-reward-token-distribution-venus-nft-details-84a13efa2707

Plow of the Week

– Web3 API

The Web3API is a common Web3 integration standard that allows you to interact with the Web3 protocol in seconds in any language through the simple GraphQl. This eliminates the need for a client SDK, making DApps easy to access and cross different platforms. In addition, Web3API also provides infrastructure for Web3 network node services. Developers can quickly set up BSC nodes through Web3API.

web3api.com/

Conclusion

The data showed that decentralized transaction platform Pancakeswap on Binance Smart Chain (BSC) had more than 1.7 million active wallets in the past seven days, and nearly half of them were in the past 24 hours. This surged usage led to the increasing number of transactions by nearly 50% which is more than 11 million US dollar. The value of deals also rose 351% to more than $31 billion, with the average deal value at about $2,700. In addition, six of the top seven DApps in the DeFi category are running on the Binance Smart Chain, changing the game from 12 months ago when Ethereum apps were dominant.

More BSC projects, please visit: bscproject.org

Happy farming！

Source : bscproject.medium