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Here Are the DeFI Protocols With the Largest BUSD Pools
February 13, 2023
MINS
PancakeSwap accounts for nearly half of the $672 million in TVL in BUSD pools in the crypto sector. Other top protocols include Alpaca, BiSwap and Curve.
>$670M in BUSD Pools
The news that Paxos Global will stop minting BUSD stablecoins by order of the New York financial regulator will cause massive shifts in Decentralized Finance (DeFi) as users and protocols seek out alternative options.
Let’s take a look at the DeFi protocols with the largest amounts of BUSD in yield-producing pools, according to DefiLlama data. In total, DefiLlama tracks pools with more than $672 million Total Value Locked (TVL) that include BUSD either as a single token or in a pair.
1. PancakeSwap
It’s no surprise that the dominant Decentralized Exchange (DEX) on BNB Chain has the most TVL in pools that include BUSD.
In all, PancakeSwap has $334 million in BUSD pools, accounting for nearly half the total across the DeFi sector.
The largest BUSD pools on PancakeSwap are WBNB-BUSD ($165 million), USDC-BUSDC ($46 million) and BTCB-BUSD ($44 million).
2. Alpaca Finance
Alpaca Finance, the largest yield protocol on BNB Chain, comes in second on this list, with nearly $77 million in TVL in BUSD pools.
More than half of that ($39 million) is in Alpaca’s BUSD pool, the largest single stake pool for BUSD in the crypto space.
3. BiSwap
Third on our list is BiSwap, the second-largest DEX on BNB Chain, with nearly $48 million in TVL in BUSD pools.
The largest is BiSwap’s WBNB-BUSD pool ($30 million), followed by its USDT-BUST pool ($15 million).
4. Curve
Behemoth multichain stablecoin exchange Curve ranks forth for BUSD in pools, with nearly $30 million in TVL.
Curve’s largest pools are BUSD-3CRV ($14 million) and BUSD-FRAXBP ($10 million).
5. Uniswap V3
Rounding up our list is Uniswap v3, the largest DEX in the DeFi according to exchange volume. The protocol has more than $27 million in TVL in BUSD pools.
The lion’s share of that is in Uniswap’s BUSD-USDC pool ($24 million).
Notables
Other protocols with more than $10 million in BUSD pools include:
- Convex Finance: $24 million
- Ellipsis Finance: $18 million
- Venus: $17 million
- BabyDogeSwap: $16 million
- Stargate: $14 million
- JustLend: $13 million.
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Binance VIP Traders Informed of $4B Settlement Back in September
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December 1, 2023
The exclusive gathering took place at a luxurious Singapore night club in September, where attendees engaged with Binance executives and probed about the potential settlement.
Binance reportedly hosted an exclusive dinner for its most significant market makers in September. The gathering, held at a prestigious Singapore nightclub, was an intimate setting where select VIP traders gained insights into the impending $4 billion settlement with the U.S. Department of Justice, according to a recent report from Bloomberg.
The private dinner, organized for Binance's top traders, unfolded in the upscale 1880 members-only club. Attendees, consisting of market makers and traders, engaged in discussions with Binance executives about the company's legal challenges. The conversations revolved around the potential $4 billion fine, leaving attendees convinced that Binance could afford and would settle such a substantial amount.
Attendees' Perspectives
Reports suggest that attendees, after breaking into smaller groups, sought clarification on Binance's legal troubles. They left the dinner with a heightened expectation of the $4 billion settlement, emphasizing the significant financial impact it would have on the exchange.
Former CEO Changpeng Zhao was notably absent from the gathering, with the then-head of regional markets, Richard Teng, representing the company.
In response to the reports, a Binance spokesperson disputed certain aspects of the event's depiction while refraining from specifying the inaccuracies, as per The Block. This discrepancy in accounts raises questions about the transparency surrounding Binance's legal challenges and its communication with stakeholders.
Implications of the Settlement
Binance’s $4 billion settlement with U.S. authorities, including the Department of Justice, Department of the Treasury, and the Commodity Futures Trading Commission, marked one of the largest corporate settlements in U.S. history.
The resolution concluded a criminal investigation into allegations of money laundering and sanctions violations, settling many of Binance's legal troubles in the U.S. However, Binance.US and Changpeng Zhao still face a lawsuit filed by the U.S. Securities and Exchange Commission.
Disclaimer: This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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