Decentralized Finance (DeFi) is not a new phenomenon per se because it is one of the highlights of the Bitcoin blockchain – and later, the Bitcoin cryptocurrency.
DeFi seeks to do away with traditional systems of finance that exclude many, bankrupts millions of people, and only makes a few people rich.
Today, we can see how far the entire cryptocurrency revolution is causing the global financial system to rethink some of the policies and stances on how transactions are made.
Decentralized Finance (DeFi) isn’t without blemish. Over time, we have seen a wide range of accusations, ranging from high transaction fees to delays in confirming transactions.
Such doesn’t speak well of a financial system that promises to be better than what traditional financial ecosystems have to offer.
It is on that note that I am pleased to introduce a new platform that does not only promise to make Decentralized Finance (DeFi) attractive but also walks the talk. The name of the platform is ApeSwap. In this article, I will explain some of the ways that this platform is pushing the Decentralized Finance (DeFi) industry to greater heights.
What is BANANA?
Banana is the native currency used on the ApeSwap platform. The Banana is used to participate in most of the initiatives, liquidity, staking, and mining campaigns of the ApeSwap.
Banana can be burnt over time, the ape devs have already planned to burn bananas as they grow and continue to get community support. There's a first-of-its-kind Banana burn map in which whenever a milestone is achieved it will trigger a banana burn.
The value of a platform is in its token. That is why Apeswap is the reason why holding the $ BANANA token is an added advantage over the platform. It will cause the user to participate in the swimming pool. In ApeSwap, the user can add an update to the BUIDL program, make the local region go further and hold all rights to the program. Defi Innovation is affiliated with the Binance smart chain, it provides decentralized finance and exchange. This foundation is definitely a solid foundation that can make everything work at the speed of light. All you need is to start with the platform and get the $ BANANA token.
Transparency is ApeSwap's key word around the token and our project and operations. We understand that this belief will spend some effort to fabricate. If the team spends money on development, we will record what those funds were used for in this GitBook's Development Fund section and incorporate the TX hash function. If we update the smart contracts, the team will use the temporary and storage keys.ApeSwap is one of the most flexible AMM and decentralized cryptocurrency exchanges as it allows you to decide on the duration or period of time you want to provide liquidity.
The minimum period is one day, and you can decide to extend it to days, weeks or even months.
At the end of the day, you will be rewarded with a corresponding incentive through the BANANA Token, which is the native cryptocurrency token for the ApeSwap.
I must mention that ApeSwap takes care of the Liquidity Provider (LP) benefit. As a result, the broker gives you more opportunities to use the offers you earn.
Ideally, you are allowed to stake the BANANA Tokens that you earn as an incentive to provide your liquidity. Doing that helps you earn high APYs distributed to their liquidity incentive bettors.
PASSIVE INCOME
You don’t have to stay up all night to watch the candle close for the day or keep monitoring the news and excitement in the cryptocurrency market.
You can save yourself all that hassle by sending your crypto assets to work for you. All you have to do is to become a Yield Farmer on ApeSwap, so you can stake your crypto assets and earn passive income.
Conclusion
Transactions are fast and at the same time, the site is user friendly. Transaction fees are highly competitive compared to other related platforms.
Website: https://apeswap.finance/
Telegram group: https://t.me/ape_swap
Telegram channel: https://t.me/ape_swap_news
Medium: https://ape-swap.medium.com/
Twitter: https://twitter.com/ape_swap
Github: https://github.com/ApeSwapFinance
#ApeSwap #BANANA #BNB #BSC #BinanceSmartChain #Defi #crypto #cryptocurrency
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