The largest crypto exchange Binance continues to support the DeFi sector and launches the Launchpool platform for "farming".
The new Launch Pool service should provideprofitability using the BNB token. Binance said in a statement that BNB holders who choose Launch Pool will automatically receive interest on projects that issue their tokens on the Binance network. The first such project was Bella Protocol.
Users are presented with a choice of three differenta “yield farming” pool where they can stake BNB, BUSD stablecoin or APRA tokens and receive BEL within a month. A total of 5 million BEL tokens are planned to be allocated for payment of rewards. The lion's share – 4.5 million BEL – will go to BNB stake holders. 450 000 BEL will go to BUSD stakers, and the remaining 50 000 are for ARPA holders.
BEL tokens will be listed on the platform from September 16, paired with BTC, BNB, BUSD and UDST.
Bella Protocol (based on ARPA)offers a suite of DeFi products to simplify the experience with cryptocurrency banks, the core design concept of which is “1-Click”, making DeFi farming more user-friendly at a lower cost.
DeFi and yield farming have become a hot trend inrecent months, and Binance has actively joined the general hype. Compound Governance Token (COMP) was added to the exchange in June, MakerDAO (MKR) and stablecoin DAI – in July. In August, Binance launched a new DeFi-based perpetual contract index line.
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