Hello crypto world, hope you are all safe after the PolyNetwork hack.
I'm writing about a good dex i have been using in the last weeks. Biswap is an emergent dex/defi project built on Bsc aiming to become the cheapest dex in Bsc galaxy.
The tvl is 645 millions $.
Dex
Biswap is an exchange just like pancake swap but with lower fees(0.1%) and it is returning the trading fee to the user up to the 100%.
Pools
In launchpools you will be able to stake bsw token to get rewards paid in different coins depending by the pool.
Biswap has mainly 3 different kind of pools:
-max 10 bsw deposited
-max 200 bsw deposited
-max 500 bsw deposited
Ofc the higher apr are on the 'smallest' kind of pool.
Farms
If you want to provide liquidity to the protocol you can then put your lp token into a farm.
Always keep in mind what impermanent loss means.
Referral
You can earn 5% from farms and swaps from your referrals.
If you like to give it a try:
https://biswap.org/?ref=faa5c8360a3cf282669c
Final thought
If you need to swap Bnb for Cake or similar, biswap is for sure one of the best and cheaper dex.
Remember always Dyor, and as Poly hack taught us defi is risky so always invest only what you can afford to lose.
I like to dig into crypto space and to try new dex/defi protocols
This is not a financial advice.
Have you got some good project to explore?
