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The following picks have varying degrees of risk, and I urge you to do your own research and invest according to your risk preferences. Prices were noted at the time of writing.
Ethereum and Binance Smart Chain have emerged as the Decentralized Finance (DeFi) leaders in 2021. I don’t see why this would change, and I want in on the growth of both ecosystems. An easy way to accomplish this is through holding both cryptocurrencies together in a liquidity position. Pancakeswap currently offers an ETH/BNB yield farm with a 13.69% Annual Percentage Yield (APY). This return is more than enough to give my bullish pair a nice income boost while I hold and wait for the market to make its move.
Growth DeFi is a lesser-known protocol on Binance Smart Chain ecosystem with a modest 5 million dollars of Total Volume Locked (TVL). Wheat specifically has a market cap of just under a million. I was really sold on this project after I had an in-depth conversation with the head developer of Growth DeFi on the BSC News Podcast on July 31. The team is working hard to implement novel concepts to support the wheat price over the long term and is developing an ecosystem that provides a lot of excitement.
Wheat/BNB liquidity can be provided on ApeSwap and staked in the Growth DeFi vault for a juicy 167% APY, when writing this article. I will note that this position certainly carries risks due to the age of the platform, but I am looking forward to watching the team continue to build out its roadmap and ecosystem.
As an avid Mirror Finance user on the Terra Blockchain, tokenized stocks get me excited. The WallStreetBets DApp is working closely with Mirror to bring tokenized stocks multi-chain, and that’s a concept I can’t help but get behind. They are nearing the release of an Ethereum application, and the timing is perfect with Uniswap’s recent delisting of Mirror Assets. I think WSB captures both the utility of tokenized stocks and the momentum of the Wall Street Bets movement with the perfect combination.
This play is a bit of an aggressive position, and the risks should certainly be considered. WSB token can currently be staked for an APR of 11.78% or paired with BNB in liquidity for 51%.
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Multi-chain smart mining Decentralized Finance (DeFi) platform, CoinWind, has announced the third security audit of its protocol. The audit will be done by Certik - one of blockchain's leading security auditors.
The platform wants to grow its use cases while keeping security a top priority. CoinWind disclosed the news via a tweet on September 23:
"CoinWind is being auditing [sic] by Certik @certik_io"
From information on the platform's website, CoinWind has earlier been audited by Fairyproof and Beosin. However, a clean audit report by a high-reputation security firm like Certik will boost the credibility of CoinWind.
While we wait for the audit report to be ready, Certik's real-time smart contract analysis engine, Skynet, rates CoinWind well above average across various parameters. Though it does not take the place of a full audit report, a good score from Skynet could indicate a protocol's health.
CoinWind seems to be setting its eyes on more use-cases for its platform. Recently, it announced a partnership with an NFT marketplace, Treasureland:
"New Partner: TreasureLand. Welcome to Join CoinWind Eco-system. CoinWind will have future NFTs sale on Treasureland."
In addition to Treasureland, CoinWind has also partnered with other NFT marketplaces such as iNFT, Twinci, and SCV Finance. The signs are all over the place that we might see CoinWind launching its curated NFT offerings in the near future.
CoinWind is a strong midrange platform in terms of total value locked (TVL). The platform's single token mining pools have an impressive TVL of over $700,000,000 across multiple chains.
CoinWind is also building the social face of its brand. A community vote for the platform's mascot design is ongoing. See the details here.
CoinWind is a DeFi platform with a smart mining algorithm that maximizes a user's earnings. The protocol compounds earnings by automatically reinvesting generated income. CoinWind initially launched on Huobi's ECO Chain but has expanded onto Ethereum and Binance Smart Chain. The team also has future expansion to Solana, OKEx chains in its sights.
Here are CoinWind's official links where you can learn more about the platform:
Binance Smart Chain (BSC) has named security as ‘priority ONE.’ The statement from the Binance Smart Chain Twitter account accompanied an in-depth security and risk control whitepaper published earlier this month.
The paper—produced by the BSC Security Alliance of Binance Security, PeckShield, CertiK, and Immunefi—tackles a key issue related to projects being exploited after security audits. As of August 2021, around 90 Ethereum projects have hosted bug bounties via the Immunefi bounty program, compared to just 25 BSC projects.
“Joint bug bounties will introduce effective incentive structures for security talents to protect the BSC community,” the report said. “In addition, they also promote an understanding that proactively protecting BSC contracts through distributed and ongoing code reviews can be a viable career path for security researchers.
The report was at pains to explain that security is a process, not an event, and must continue after audits by using bug bounty programs. This year Certik has provided 300 audits for BSC projects, but this alone is not enough.
Security issues are increasingly being introduced post-audit, and as the popularity of the BSC ecosystem continues to grow, it also becomes a more attractive target for malicious actors.
Don’t forget to download the BSC.News mobile application on iOS and Android to keep up with all the latest news for Binance Smart Chain and crypto!
The market got hot the last couple of weeks of July, and I am looking to add some bullish positions to capture capital appreciation and yields.
The following picks have varying degrees of risk, and I urge you to do your own research and invest according to your risk preferences. Prices were noted at the time of writing.
Ethereum and Binance Smart Chain have emerged as the Decentralized Finance (DeFi) leaders in 2021. I don’t see why this would change, and I want in on the growth of both ecosystems. An easy way to accomplish this is through holding both cryptocurrencies together in a liquidity position. Pancakeswap currently offers an ETH/BNB yield farm with a 13.69% Annual Percentage Yield (APY). This return is more than enough to give my bullish pair a nice income boost while I hold and wait for the market to make its move.
Growth DeFi is a lesser-known protocol on Binance Smart Chain ecosystem with a modest 5 million dollars of Total Volume Locked (TVL). Wheat specifically has a market cap of just under a million. I was really sold on this project after I had an in-depth conversation with the head developer of Growth DeFi on the BSC News Podcast on July 31. The team is working hard to implement novel concepts to support the wheat price over the long term and is developing an ecosystem that provides a lot of excitement.
Wheat/BNB liquidity can be provided on ApeSwap and staked in the Growth DeFi vault for a juicy 167% APY, when writing this article. I will note that this position certainly carries risks due to the age of the platform, but I am looking forward to watching the team continue to build out its roadmap and ecosystem.
As an avid Mirror Finance user on the Terra Blockchain, tokenized stocks get me excited. The WallStreetBets DApp is working closely with Mirror to bring tokenized stocks multi-chain, and that’s a concept I can’t help but get behind. They are nearing the release of an Ethereum application, and the timing is perfect with Uniswap’s recent delisting of Mirror Assets. I think WSB captures both the utility of tokenized stocks and the momentum of the Wall Street Bets movement with the perfect combination.
This play is a bit of an aggressive position, and the risks should certainly be considered. WSB token can currently be staked for an APR of 11.78% or paired with BNB in liquidity for 51%.
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