BlocksInform
With nearly 29,000 portfolios connected to the platform, the biswap is one of the largest parades in the network's network. Most importantly, this is the only challenging platform on the etf chain that has grown over the last 30 days.
In the past month, biswap has attracted a total of 28,570 unique active portfolios to its challenge platform, increasing its audience by 2.5 per cent over the same period. When other competitors like 1inch, pancakeswap and bitkeep saw their user base decrease by at least 20%, biswap was successful in attracting new users.
With $214 million locked in its platform, biswap has sufficient liquidity to consolidate a strong position in the challenge ecosystem on the etf chain. Another distinguishing feature of the platform is its focus on user satisfaction. With a fee of 0.1% on stable pairs and 0.2% on other coins, biswap has a super competitive trading platform, while 75% of the fees are rewards from cash providers.
Feeling safe when trading on Biswap
DappRadar has been tracking Biswap since 2 June 2021, and we now track 70 smart contracts for the DeFi platform. A story like that has a reputation. In addition, Biswap has been audited by Certik, an organization known for its smart contract audits. Moreover, they are a strategic BINANCE partner, one of the main bodies on web3.
Of course, we understand that security is a major issue in the crypto space. As a result, we still recommend using multiple portfolios, each for a different purpose. Do not link your portfolio to all portfolios and never approve transactions for portfolios you are unaware of.
Overall, user experience plays an important role in the case of biswap. New features like cryptofiat swap and expert mode, add new options to an already rich platform.
Yield farming on Biswap
Common in the DeFi space is to offer high Annual Percentage Yield (APY) over staked assets, and Biswap is very competitive in that area as well. Users can win the native agriculture BSW token of different cash pools. For instance, the bus pool wbnb is delivered with a generous apy of 15.05%.
To obtain these awards, users must provide cash on biswap. Just add two equally valuable amounts of chips, and put them in a pool. For example, add $100 of wbnb and $100 of bus, and you will put $200 in the pool of wbnb-busd. With an apy of 15%, you will receive $30 in annual rewards. They will be paid into the native bsw token, which has its own value. Rewards can fluctuate in value just as cryptocurrencies can fluctuate in price.
Moreover, biswap has a multi-type reference program where users can win by inviting friends through the reference link. Users can earn up to 20% of the exchanges of their friends, and another 5% of friends who are active on farms and launchpools.
Updated Biswap Road Map.
Those who think that challenge platforms come with no innovation, must continue to read. Biswap took the initiative of developing a perpetual trading platform, enabling users to negotiate decentralized futures. They will work with Apollox to present the functionality.
What also happens in the first three months of 2023 is one or several mechanisms for locking and burning the native bsw token. These initiatives will be offered to the community through the dao vote, which means that bsw token holders will have their say on the future of the token.
In early summer 2023, the team is interested in introducing a new automated market marker protocol. This new allowance will allow liquidity providers and users to better optimize their positions and operations, which will make the exchange service more efficient with a weaker shift. Cash providers are going to earn more, merchants are going to pay less. Everybody wins.
