YieldShield to Support Binance Smart Chain (BSC) Farms
YieldShield, your personal robo-farmer for discovering the best farms with the maximum gains, is moving on to the next major phase of its development, by integrating Binance Smart Chain (BSC).
Binance Smart Chain is one of the fastest growing ecosystems in the cryptosphere, and one of the most popular chains for yield farming. Since the early part of the year BSC has developed from an interesting challenger to Ethereuem’s crown, to a clear industry leader in liquidity mining, staking, and yield farming. It is now a destination blockchain for yield farming — a fact that YieldShield cannot ignore.
The explosive growth of the BSC ecosystem brings its own challenges. The principal challenge is that such rapid growth makes navigating the BSC ecosystem incredibly complex and prohibitive. A huge number of farms and yield farming options are now available, and keeping track of them all is a near impossibility. Even experienced heads familiar with all of the ins and outs of farming on other chains, can quickly become unstuck on Binance Smart Chain.
On BSC YieldShield can continue to do what it does best, examining the best strategies across a multitude of farms to help find the greatest yields in the space. So if you’re someone who struggles to know the difference between PancakeSwap and PancakeBunny, or BakerySwap from BurgerSwap, YieldShield is more than ready to guide your yield farming strategy.
Thanks to fast transaction times and low transaction costs on BSC, the performance metrics of YieldShield can be fine-tuned and potential profits maximized. While average transaction costs on Ethereum are now around $30, on BSC the same transaction is only a few cents. This makes the cost-to-benefit ratio favor investors, making it far less prohibitive to move money around in search of higher yields.
The decision of YieldShield follows on from the announcement that Yield Protocol and its $YIELD token will also operate on BSC thanks and ETH-BSC bridge provided by ChainSwap. This decision from Yield Protocol helps YieldShield to take full advantage of BSC. We expect that having $YIELD token on Binance Smart Chain will offer a great deal of benefits all on its own. For instance, Yield Protocol has already stated its intention to include $YIELD token on PancakeSwap farms. This means that any future BSC strategies can also include $YIELD token.
For users who wish to find our more about Yield Protocol on BSC please see: Yield Protocol Integrates Binance Smart Chain And $YIELD Cross-chain Bridge
As always, YieldShield will move with the times to find the best yield farming strategies for all of our users. This integration with BSC begins a new chapter in that hunt for the highest farming returns anywhere in the cryptosphere.