BNB

Five Yield Farm Protocols on BNB Chain With Top APYs

by BSCN

December 4, 2022

Let’s check out five different spots for you to chase yields across BNB Chain!

Five Yield Farms on BNB Chain

As the market consolidates and Degens look for more desperate plays, there are plenty of reliable yield farming protocols on BNB Chain. The chain is not home to the sky-high Annual Percentage Yields (APYs) it once had at the start, but many projects continue to put out consistent bank-beating APYs with tokens that maintain solid price value.

Below we will list five protocols on BNB Chain with solid yield farming experiences:

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PancakeSwap

The most popular Decentralized Exchange (DEX) in all of crypto. PancakeSwap is home to dozens of yield farms and liquidity pools. Easy-to-use user interface (UI) makes this DEX the clear favorite. The native CAKE token has also held up strongly against the bear market, outperforming BTC and ETH in recent months.

For more on PancakeSwap, check out the BSC News PancakeSwap Project Insight.

Where to find PancakeSwap:

Website | Twitter | Medium | GitHub

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Venus Protocol

The most prominent lending and borrowing protocol on BNB Chain. Venus touts clean UI and the largest BNB coin-related farm across all of BNB Chain. The WBNB farm has over $350 million in liquidity alone, according to DefiLlama. Since facing several exploits in 2021, Venus has rebranded and become a reliable farming tool for BNB Chain users.

For more on Venus Protocol, check out the BSC News Venus Protocol Project Insight.

Where to find Venus Protocol:

Website | Twitter | Telegram | Medium

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Wombat Exchange

This is the new kid on the block compared to Venus and PancakeSwap. Launched in Q3 of 2022, Wombat specializes in stablecoin yield, offering unique ways to boost and grow APY potential. With $127 million Total Value Locked (TVL), the platform has quickly become a favorite. Wombat Exchange has also built out several connected protocols through partnerships and development, like Wombex and Magpie, boosting the reach of its DeFi ecosystem use-cases.

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For more on Wombat Exchange, check out the BSC News Project Insight.

Where to find Wombat Exchange:

Website | Twitter | Discord | Medium | Telegram

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Baby Doge Swap

The once popular memecoin has rebranded into a fully-fledged DEX. The Baby Doge Swap now boasts swapping and staking pages. The staking and farming pages are open to myriad assets to apply to be in pools and farms. Users can find as much flexibility on the new Baby Doge DEX as they can find on PancakeSwap. The incredible popularity of Baby Doge has already helped bring in over $30 million in TVL.

Where to find Baby Doge Swap:

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Alpaca Finance

The top leverage yield farming protocol on BNB Chain, Alpaca Finance, is where traders go to test their mettle. Alpaca Finance boasts several options for traders to search for the top yields using leverage while visually knowing how to safely navigate the site. Alpaca has a transparent UI that can help users trade intelligently. Once a prominent unicorn site on BNB Chain, the protocol still boasts a strong TVL of over $400 million.