One of the cross-chain protocols for token exchange, Anyswap, announced yesterday that it has also activated the platform in Binance Chain and this opens more doors to decentralized finance (DeFi) on this blockchain.
📢 Anyswap will go live on Binance Smart Chain today September 14th 🔥🔥🔥
– Anyswap (@AnyswapNetwork) September 14, 2020
Anyswap is a decentralized exchange (DEX) cross-platform and cross-chain that uses Fusion's DCRM technology.
It is similar to Uniswap, and it is possible to list Ethereum ERC20 tokens on the Fusion blockchain, and as of now on the Binance Chain blockchain as well.
The protocol, which can be accessed here, already includes several BEP20 tokens, such as BNB-BEP20, USDT-BEP20, SPARTAN-BEP20, Burger-BEP20, Peach-BEP20. Also, the first cross-chain asset, Fusion coin (FSN) and the ANY-FRC20 token they will also appear in the list.
The Anyswap team has included 5 million ANY tokens to increase liquidity and allow the first exchanges to take place. In addition, 10,000 additional ANY tokens will be placed on the market daily for the next 10 days as a bonus for all those who provide liquidity.
If liquidity is provided to the ANY / BNB group, the bonus will double and the first 100 liquidity providers will each receive 100 ANY tokens.
Surely for the Binance blockchain, this is a real breakthrough, as not only are several pairs available already, but it is also possible to provide liquidity and charge both group fees and ANY tokens, as well as the possibility of create groups and list any token of this blockchain.
Not just Anyswap: DeFi on Binance Chain
Anyway, let's remember that this is not the first nor the only protocol to be found on this blockchain: recently, Burger Swap was also launched, an almost identical copy of Uniswap.
Burger Swap has created the burger token which serves as the governance token for the platform that has over 2.2 million BNB within the protocol, which at the current price is over $ 70 million, showing that DeFi is off to a great start on this blockchain.two