BSC Farmer Weekly Newsletter#17
This week BSC DeFi’s total value locked(TVL) reached $19.1 billion.
Among them, PancakeSwap has $7.56 billion ranking the first, Venus $2.63 Billion is the second, Belt Finance $1.77 Billion the third, MDEX $1.67 the fourth, Ellipsis $1.36 Billion is the fifth.
Among them, PancakeSwap has $7.56 billion ranking the first, Venus $2.63 Billion is the second, Belt Finance $1.77 Billion the third, MDEX $1.67 the fourth, Ellipsis $1.36 Billion is the fifth.
Trend of the week
1. The best-performed BSC Tokens this week are:
ALPA(105.17%),ALPHA(65.08%),KLT(24.44%),BDG(54.97%),PEKC(40.48%)
2. BscProject published BSC NFT ecosystem map at July:
Farm of the Week
O3 Swap
O3 Swap is a cross-chain aggregation trading protocol incubated by O3 Labs. Through cross-chain interaction with Ethereum, BSC and other mainstream public chains and Layer2, the liquidity aggregation of multi-chain DEX is carried out, so as to realize the free exchange of mainstream assets on different chains. DeFi users can enjoy the convenience of fast one-click cross-chain transactions.
At present, O3 SWAP supports two mining methods: LP farming and single token farming
LP farming:
· Deposit BUSD-O3 LP in PancakeSwap to farm O3 token
· Deposit ETH-O3 LP in O3 Swap to farm O3 token（Using the mainnet ETH, ETH_BEP20 to add ETH_O3 liquidity），current APY 24.94%
Single token farming：
· Deposit O3 token，current APY 159.56%
The following is an example of Busd-O3 LP farming, i the specific farming steps：
- Visit O3 Swap Vault，click CAKE-LP poo and Get LP，swith to PancakeSwap to add liquidity in BUSD-O3 trading pairs: https://exchange.pancakeswap.finance/#/add/0xEe9801669C6138E84bD50dEB500827b776777d28/0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56
2. BUSD-O3 liquidity is addd，return to O3 Swap，in CAKE-LP pool，deposit BUSD-O3 LP，then to farm O3 token
Reminder: Do your research before any investment, farm responsibly, and never farm with money you can’t afford to lose.
NFT Project Introduction
Unifty
Unifty is a decentralized multi-chain infrastructure platform focused on building an economy for content creators. Its main goal is to provide content creators with a fully decentralized code-free solution to build a variety of things and services in the NFT domain. Currently support ETH, BSC, xDAI and other EVM blockchain.
In addition to providing NFT foundry, hosting, trading and other basic functions, Unifty also creatively provides the following functions:
- Collection Manager NFT Manager — Support custom creation of NFTs work book, and manage your NFT works by category
- Support bulk transfer and distribution of NFTS
2. Market Builder supports customized creation of decentralized NFT trading Market, and key customized indexes such as Market category, trading rate and exchange rate.
3. Farm Builder supports customized creation of NFT Farm. In the process of creating a Farm, creator can customize the type of farming token, deposit token management address, users only need to deposit the corresponding token in your farm to get NFT rewards.
Plow of the Week
PancakeSwap ranking：
PancakeSwap ranking is the PancakeSwap data tool that developed by MathWallet team.
This tool aggregates all liquidity pools on PancakeSwap and provides three ranking functions, namely the ranking of asset amount, increased rate, and newly launched tokens. In addition, when users check a specific liquidity token, they can also follow the token with one click.
It is a very convenient tool for finding information about Pancake currencies.
Conclusion
DeFi protocols on BSC are growing faster, and with many of DeFi’s application directions, such as trading, lending and so on, BSC has started to catch up with the scale of development on Ethereum. Similarly, the logic verified by DeFi is likely to happen again with NFT. On 23rd June, Binance officially launched Binance NFT, a centralized NFT trading platform. We have reason to believe that the NFT application ecosystem on BSC is likely to usher in its spring with the support of Binance.
More BSC projects, please visit: https://bscproject.org
Happy farming！
