BSC Farmer Weekly Newsletter #8

DeFi Recap

This week BSC DeFi’s total value locked(TVL) reached $33.359 billion.

Among them PancakeSwap ranked first with $7.92 Billion, then followed by Venus $6.76 Billion, Pancake Bunny $3.91 Billion, Ellipsis $3.51 billion, MDEX $1.98 Billion.

Trend of the Week
1. Currently, the total number of BSC projects has exceeded 500
2. The BSC tokens that performed well this week: include: BORSHCH(148.42%), JNTR(59.84%), KOGE(50.26%), MASH(25.85%), BANANA(15.22%)
3. BSCProject released the new BSC Ecosystem Map for April

4. BscProject has new feature-RPC Server, user can check automatically the fastest RPC node.

Farm of the Week

KLend
https://klend.finance/app

KLend is newly listed lending protocol, has passed a SlowMist security audit, its model is similar to Venus, currently KLT-BNB-LP pool APR is 1600% +.

User guide：

1.Prepare KLT or BNB then visit following link, add liquidity to KLT-BNB pool, receive KLT-BNB LP token:
https://exchange.pancakeswap.finance/#/add/BNB/0xf95995d642c652e9a7D124d546A7bDF297c6d0fB

2. Return to KLend, find KLT-BNB LP farming pool, stake KLT-BNB LP token:
https://klend.finance/pools#5

3. After successfully staking, you can start receive KLT rewards.

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

Conservative Farmer

This week we recommend Bunny stablecoin USDT or BUSD pool, APR 30%+
https://pancakebunny.finance/pool

Bunny is a Pancake-based pool that enables compounding instead of being directly involved in Pancake, and the profits of both pools are distributed in native token+ BUNNY.

User guide：

1.Visit https://pancakebunny.finance/pool

2. Choose USDT /BUSD pool, set USDT or BUSD amount for investment, authorize signature then start farming.

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

DeFi Governance

The PancakeSwap V2 upgrade is in progress and users need to note that:
1. The LP contract will be migrated after the new upgrade and the user will need to re-start with Stake
2. The vote about the specific allocation of transaction fees is on-going

See details：
https://pancakeswap.medium.com/the-great-migration-vote-4093cb3edf23

Plow of the Week

Zerion is a tool that automatically connects wallets and analyzes wallet assets and related DeFi investments, as well as provides easy access to relevant product recommendations, and it currently supports BSC.
https://app.zerion.io

Conclusion

While total TVL has fluctuated slightly this week, it can be seen that BSC’s TVL has stabilized at more than $30 billion, while BSC DEX leader PancakeSwap has overtaken Uniswap in terms of volume, number of users and TVL, and this advantage can be expected to develop further once the Pancake V2 goes live.

For more BSC projects, please visit: https://bscproject.org

Happy Farming！