This article analyzes and examines the yields both platforms are offering and what advantages they have over the other.
PancakeSwap and WaultSwap are decentralized exchange platforms (DEX). DEXes allow crypto users to securely transact crypto currency peer-to-peer via the internet, without an intermediary. However, both PancakeSwap and WaultSwap go above and beyond being just exchanges, as both platforms also offer yield farming, or liquidity mining. Both exchanges also offer very different APYs for staking with their platform. Let’s take a look at each platform, and dive into some of the differences and how they affect investors.
Wault Finance is a decentralized finance hub that aims to be a one-stop-shop for DeFi applications.The platform circumvents traditional hassles that surround crypto applications such as high fees, complex trading interfaces, and other centralized tenets of finance.
Wault is a community-oriented project, and started with a low market cap and no whale-like venture capital investments.
PancakeSwap is the leading decentralized exchange on Binance Smart Chain, boasting the highest trading volumes in the market. PancakeSwap differs from centralized exchanges in that it only serves as a vehicle for transactions, and does not hold user currency at any point. The AMM also offers incredibly low trading and transaction fees, giving them a leg up on other blockchain competitors.
Much like Wault, PancakeSwap is also community-oriented. They host votes on many potential integrations, such as Syrup Pools and future IFO offerings.
PancakeSwap has established a long term plan by which they will reduce inflation on their $CAKE token by regulating their emission and burn schedule. Increasing the value of $CAKE means that their yields are worth more to investors, meaning that their lower APY is offset by the high future value of $CAKE.
There are a handful of differences that distinguish these protocols from each other. As seen below, WaultSwap yields offer a far greater APY than PancakeSwap.
Of course, all crypto yields change often and should be checked to ensure the investor is maximizing their profit potential. WaultSwap, based on the metrics shown, averages a yield across staked currencies that carries a 5.3x higher APY in comparison to PancakeSwap.cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=96f1f04c5f4143bcb0f2e68c87d65feb&schema=twitter&url=https%3A//twitter.com/wault_finance/status/1393654700466184192/photo/1&image=https%3A//abs.twimg.com/errors/logo46x38.png
As of now, WaultSwap is offering incredibly competitive APYs compared with PancakeSwap. What is so interesting about this is that PancakeSwap offers far more inflationary rewards to holders, yet their APY falls short when comparing yields to that of WaultSwap. This is because there is less liquidity on PancakeSwap in comparison to WaultSwap, meaning that APY% has to be lower to account for the smaller liquidity. However, the future value of Wault’s tokens remains to be seen, especially when the market stops its current bullish run and begins to level out.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.