DeFi Recap
This week BSC DeFi’s total value locked(TVL) reached $19.6 Billion.
Among them, PancakeSwap has $9.19 billion ranking the first, Venus $2.32 Billion the second, Belt Finance $1.77 Billion and MDEX $1. 26 Billion are the third and fourth, Ellipsis $1.44 Billion is the fifth.
Trend of the week
The best-performed BSC Tokens this week are:
PEKC(40.48%),GROW(35.64%),FRIES(24.44%),TREE(23.66%),SMOKE(20.26%)
Farm of the Week
CoinWind
CoinWind aims to build a DeFi digital asset bank, launching products with high-yield, safety and reliability, by depositing tokens into different pools, and then mobilizing funds from a certain token pool to participate in different liquidity pool farming according to the strategy, so as to achieve higher profits for users. CoinWind products will effectively reduce the impermanence loss in liquidity farming through a combination strategy.
How to farm:
1. Single currency lossless mining, the current highest annualized rate is 136.58%
We take the BUSD single currency farming pool as an example to introduce the specific steps:
Click on Single Farms — Lossless Farms V2 to enter the non-loss farming area and select the BUSD pool
Complete the signature authorization of BUSD tokens and deposit BUSD
After deposited successfully, you can start farming MDX&COW tokens. Click the Withdraw button in the BUSD pool to view the on-time data.
2. LP farming, currently the highest annualized rate is 220.5%
Currently, only MDEX LP liquidity farming is supported. We take MDX-BUSD LP farming as an example to introduce the specific steps:
Click on LP Farms to enter the LP liquidity farming area, click on the add liquidity entry at the bottom of the MDX-BUSD pool, add liquidity on MDEX, and get LP Token
After the liquidity is successfully added, return to CoinWind’s MDX-BUSD pool and authorize the staking of LP Token. After staked successfully, you can start farming MDX tokens.
Click the Withdraw button in the MDX-BUSD pool to view real-time farming data, click the Withdraw button and authorize the transaction to withdraw liquidity and automatically receive MDX rewards.
Reminder: Do your research before any investment, farm responsibly, and never farm with money you can’t afford to lose.
NFT Project Introduction
Airnfts is an NFT market built on the Binance Smart Chain, where you can create, buy and sell ERC721 NFT collections on BSC. The characteristics of Airnft are:
• Free to mint, buy and sell NFT
• Less than $1 faster and cheaper transaction fees
• Every NFT transaction can earn BNB and AIRT tokens
Main function introduction:
Mint NFT. In the current minting process, the platform will charge a 2.5% handling fee based on the set NFT price.
2. Open the artist area. Find the corresponding NFT works according to the artist.
3. Open an exclusive NFT area where players can collect NFT works exclusively issued by artists on the Airnft platform.
4. A rich NFT market.
Players can search, view, and collect corresponding NFT works based on various characteristic tags such as games, punk, music, meme, etc. in Airnft’s NFT market.
Tool of the week
WalletNow
WalletNow is an advanced encrypted portfolio monitoring solution. It aggregates all your DeFi and CeFi investments into a searchable table, and uses the integrated Telegram Bot to actively monitor them. With detailed LP information, impermanent loss and profit calculations, you can always control your wallet.
Conclusion
Binance recently launched the second phase of the Most Valuable Builder (“MVB”) accelerator program. The theme of this program is “NFT BIG BANG”. It will focus on the NFT ecosystem on BSC, innovative NFT+DeFi development, and high-performance infrastructure construction.
The selected project team will have the opportunity to receive incentives such as bonuses, community, and investment from Binance to create the development of the BSC ecosystem. As of the beginning of June 2021, the number of MVB registered projects has reached 356, and the total lock-up volume of projects has reached US$1.8 billion.
Among the nearly 700 projects that BSC has launched, NFT projects have covered six vertical ecological fields: digital art, games, metaverse, social media, NFT+DeFi, and infrastructure. Among them, there are many star projects on NFTsections. .
Although the NFT competition landscape may be differentin the future, it is undeniable that the advantages of BSC are further expanding, which will inevitably bring a more profound impact to the NFT ecosystem.
More project，please visit： bscproject.org
Happy Farming！
Source : bscproject.medium
