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  • How PoolTogether Turns Saving Money Into a Game

    How PoolTogether Turns Saving Money Into a Game

    The wonders of Decentralized Finance (DeFi) give creative developers an entirely new set of building blocks to experiment with. The aim of the DeFi movement is to create an entirely new, open-source, permissionless, and transparent financial service ecosystem.
    DeFi is at such an early stage of maturity that entirely new types of applications burst into existence regularly. One of the early examples of this explosion is PoolTogether, a lottery built on Ethereum where no one can lose. How does...
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  • What Is Uniswap and How Does It Work?

    What Is Uniswap and How Does It Work?

    Uniswap is a set of computer programs that run on the Ethereum blockchain and allow for decentralized token swaps. It works with the help of unicorns (as illustrated by their logo).

    Traders can exchange Ethereum tokens on Uniswap without having to trust anyone with their funds. Meanwhile, anyone can lend their crypto to special reserves called liquidity pools. In exchange for providing money to these pools, they earn fees.

    How do these magical unicorns convert one token...
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  • Your Guide to SushiSwap

    Your Guide to SushiSwap

    DeFi, the only place where unicorns and cartoon sushi face off in a battle for liquidity.

    Uniswap has been one of the most successful DeFi protocols for swapping tokens on Ethereum. It was created by a small team of passionate builders who have made the code open-source and available for anyone to fork. And that’s exactly what SushiSwap did!

    SushiSwap is a fork of Uniswap that adds the appetizing SUSHI token. It grants control over the protocol to holders and pays a portion...
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  • What Is Compound Finance in DeFi?

    What Is Compound Finance in DeFi?

    Compound Finance is a place where you can lend or borrow cryptocurrencies. All you need is an Ethereum wallet, some funds, and you can borrow or earn interest right away.

    Supplying assets for Compound is quite simple, and your funds are never held by any third party. Interested in how Compound works?

    Borrowing and lending in Decentralized Finance (DeFi) have never been easier. Compound Finance has been one of the leading protocols for lending and borrowing crypto in the...
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  • 7 Indicators Every DeFi Investor Should Know

    7 Indicators Every DeFi Investor Should Know

    With the DeFi space moving at breakneck speeds, it can be hard to make sense of the avalanche of new projects. Fundamental analysis seeks to determine whether a protocol is overvalued or undervalued, so that investors and traders can make better decisions on their positions.

    Wondering how you can measure the "intrinsic" value of DeFi assets? Read on to learn about some of the strongest metrics for doing so.



    Introduction

    Decentralized...
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  • A Guide to PancakeSwap

    A Guide to PancakeSwap

    Another food-themed DeFi protocol? You know it. PancakeSwap is a Binance Smart Chain-based DEX launched by anonymous devs with a penchant for breakfast foods and rabbits.

    It looks a bit like Ethereum’s SushiSwap (community governance, the ability to farm liquidity provider tokens), but also incorporates many other features that let you earn rewards.



    Introduction


    The food-based farming craze has captivated participants in the crypto space...
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  • Impermanent Loss Explained

    Impermanent Loss Explained

    If you’ve been involved with DeFi at all, you almost certainly heard this term thrown around. Impermanent loss happens when the price of your tokens changes compared to when you deposited them in the pool. The larger the change is, the bigger the loss.

    Wait, so I can lose money by providing liquidity? And why is the loss impermanent? Well, it comes from an inherent design characteristic of a special kind of market called an automated market maker. Providing liquidity to a liquidity...
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  • An Introduction to Binance Bridge

    An Introduction to Binance Bridge

    The Binance Bridge Project aims to increase interoperability between different blockchains. It lets anyone convert their crypto assets into (and back from) Binance Chain and Binance Smart Chain wrapped tokens.

    Why can this be useful? Well, this way, you can use your BTC, ETH, USDT, or other assets in Binance Smart Chain (BSC) DApps. Do you HODL BTC but want to harvest the latest yield farming opportunity on BSC? No worries, you can maintain exposure to your Bitcoin while still participating...
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  • 6 Binance Smart Chain (BSC) Metrics You Should Know

    6 Binance Smart Chain (BSC) Metrics You Should Know

    Binance Smart Chain (BSC) has seen some nice and steady growth in on-chain activity and usage. But what does that actually mean in terms of numbers? The beauty of public blockchains is that they are… well, public. You can track the progress yourself.

    Are you eager to keep tabs on BSC metrics but don't know where to start? No sweat, we've collected some important metrics from the BscScan explorer. This way, you can keep a close eye on the growth of Binance Smart Chain.

    ...
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  • What Is Alpha Homora in DeFi?

    What Is Alpha Homora in DeFi?

    Yield farming in the DeFi industry is often done by providing liquidity to a decentralized exchange (DEX) like Uniswap. In return for doing so, users can earn a share of the fees generated by the trading pair they are providing liquidity for.

    Alpha Homora makes it possible to leverage your yield farming position up to 2.5x. It also allows you to earn based on your personal preferences and risk appetite. This way, you can increase your overall liquidity mining earnings. However, as it’s...
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  • What Is Yearn.finance (YFI)?

    What Is Yearn.finance (YFI)?

    YFI is the native cryptocurrency of the Yearn.finance protocol. It is a governance token that allows users to vote on which direction they want the protocol to head.

    Since its launch in July, YFI has become one of the largest Ethereum-based tokens due to the protocol's focus on automated yield farming strategies. In some ways, you could think of Yearn.finance as a robot that always tries to find the best yields in Ethereum DeFi.



    Introduction

    ...
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  • How to Spot Scams in Decentralized Finance (DeFi)

    How to Spot Scams in Decentralized Finance (DeFi)

    Disclaimer: This article is meant to provide general guidance to help protect DeFi users and investors. It’s not an exhaustive list and should not be taken as financial advice. Binance Academy is not responsible for your investment decisions.




    TL;DR

    As more people get interested in the fascinating financial innovations made possible by DeFi, scammers are finding more ways to take advantage of them.
    DeFi is an especially unforgiving space – usually,...
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  • What Is Curve Finance in DeFi?

    What Is Curve Finance in DeFi?

    Curve Finance is a decentralized exchange (DEX) running on Ethereum. It's specifically designed for swapping between stablecoins. All you need is an Ethereum wallet, some funds, and you can swap different stablecoins with low fees and slippage.

    You could think of Curve as "Uniswap for stablecoins." Thanks to its special pricing formula, it's also great for swapping between different tokenized versions of a coin.



    Introduction

    Automated...
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  • The Complete Beginner's Guide to Decentralized Finance (DeFi)

    The Complete Beginner's Guide to Decentralized Finance (DeFi)

    What is Decentralized Finance (DeFi)?

    Decentralized Finance (or simply DeFi) refers to an ecosystem of financial applications that are built on top of blockchain networks.
    More specifically, the term Decentralized Finance may refer to a movement that aims to create an open-source, permissionless, and transparent financial service ecosystem that is available to everyone and operates without any central authority. The users would maintain full control over their assets and interact...
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