The Launch of bDex Sees Immediate Success

bDex has had immediate success after launch, pushing past $40M Total Value Locked (TVL). Let’s take a look at their hot start.

Wilfred Victor
May 11, 2021
BSC News

TVL at an All-time High

When bEarn Fi launched bDex on the Binance Smart Chain (BSC), they may not have expected the amount of interest the project would draw. At the time of this review, the Total Value Lock on the bDex protocol is currently at exactly $43,159,704.

bDex Protocol

Following the release of the AMM and swap aggregator platform on May 9th, the platform has continued to witness a surge of interest and participants, owing at least partially to its high farm APR that currently stands at a whopping 18,893%!

bDex was built with a more optimized feature for swap users with a great exchange rate, low slippage, and almost negligible price impact on the market. The platform native token $bDex, which is currently seeing tremendous value, will be integrated with all of the benefits of using the bDex AMM protocol.

bDex UI

Project Details

The platform UI comes with a distinctly different interface from the regular PancakeSwap forks that have been popping up recently. The protocol can launch pools and swap most tokens on BSC with lower liquidity by ‘borrowing’ liquidity from other DEXes such as 1inch, SushiSwap, and PancakeSwap, helping users to find the most efficient swapping routes across all platforms.

The platform’s key features are responsible for the increasing valuation of the token and the drive of the pools to a new TVL ATH. The platform features include the following as contained in its Medium post:

Key Features

  • Allowing users to swap assets
  • Smart routing
  • Connecting with other exchanges and using their liquidities
  • Providing liquidity to a pool in exchange for preferential swap fees
  • Farming bDEX native token: $BDEX
  • bLaunch (Launchpad): TBA
  • bPepe (NFTs market): TBA
  • Referral system: 0.1% incentive from invitees’ trading fee will be distributed to the inviter.
  • Chart/candles for better trading strategies (to be added seven days after launch)
  • Order book & Margin trading: To be developed

About bDex

bDex is the new AMM protocol from bEarn Fi, owners of the stablecoin bDollar bDO, bEarn bFi, bDollar bond bBDO, and now bDex AMM tokens. 

bDex Pools

Bearn Fi, a cross-chain yield aggregator on the Ethereum and BSC blockchains, has continued to build on its success with the release of exceptional products that add to the platform utilities. The protocol also provides governance, NFTs, lending, and treasury on the listed chains.

Project Roadmap: May 2021-Future

  • NFTs (bPepe)
  • bLaunch
  • New UI
  • bLottery V2
  • Multi-Peg, especially coupons update
  • Double-dipping for boardroom stakers
  • Bonds V2
  • Additional partnerships

Closing Thoughts will certainly see expanded growth from this new product, based on the soaring numbers it has achieved in a short period of time. The benefits that bDex provides to users will attract more investors who are sick of expensive gas fees and long wait times, and their distinctive interface allows them to stick out from other protocols. Crypto enthusiasts should rejoice at the success that bDex is having, and the future goals that the development team plans to implement.

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Wilfred Victor

Ace finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector. He is an energetic and passionate writer who believes that all things are achievable.

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