Crypto is the opportunity of the decade. So far this year, crypto has crushed the performance of every other primary asset class, including stocks, bonds, and property. This new asset class is causing mayhem in the traditional financial world.
With the market cap still under 3 trillion, it looks like the best option for building wealth over the next five years. It is now challenging to dispute that crypto is not here to stay. The pandemic also significantly impacted the crypto market, with developments in technology accelerating and the new normal relying a lot more on online presence and transactions. So, stop hoarding your crypto assets and earn some income from them. How? The answer is yield farming.
What is Yield Farming?
Yield farming works with a liquidity provider (LP) and a liquidity pool that powers the defi market. A liquidity provider is an investor who deposits funds into a smart contract. The liquidity pool is a smart contract filled with yield farming functions based on the automated market maker (AMM) model. This model is popular on decentralized exchanges like BSC.
Instead of stating the price of an asset for trade, an AMM creates liquidity pools using smart contracts. These pools execute trades based on predetermined algorithms. The AMM model relies heavily on liquidity providers who deposit funds into liquidity pools. These pools are the bedrock of most defi marketplaces where users borrow, lend and swap tokens. Defi users pay trading fees to the marketplace, and the marketplace shares the fees with LP’s based on their share of the pool’s liquidity. This fee or reward is the passive income generated on the crypto you deposit.
BNBPeach For Yield Farming
BNBPeach is a yield farming smart contract on the Binance Sart Chain (BSC). It offers high rewards of 119% to 234% of BNB deposits.
Since there are so many yield farming dapps these days, why should you choose BNBPeach? The still-nascent smart contract has already gained more than 5500 BNB deposits because of its short-term investment plan and stable high yield. Moreover, BNBPeach also offers a wide range of benefits, including:
- High ROI – BNBPeach gives stable yield percentages of 7.8% to 17% on daily deposits based on a period of 7 days to 30 days.
- User-friendly – BNBPeach offers a simple layout and design to make it easy to understand the platform.
- 24/7 Customer Support – BNBPeach offers 24/7 customer support via live chat on Telegram and social media accounts.
- Referral Program – BNBPeach has a referral program for users to generate extra income.
- Supports Multiple Wallets – BNBPeach supports different decentralized wallets. It supports 64 Defi wallets on mobile and 5 on desktop.
With BNBPeach, you get a stable ROI without any fluctuations and risks. So, it is a safe and reliable platform to yield farm BNB for high ROI and earn passive income.
Disclaimer: This is a paid post and should not be treated as news/advice.