Pancake Swap: Yield Farming Outside of the Ethereum Ecosystem

October 5, 2020

As Ethereum becomes saturated with new Defi users pushing yields down on popular liquidity pools like those on Uniswap, it is imperative to be aware of the lucrative opportunities elsewhere in the Defi space. One opportunity is liquidity pools on Pancake Swap, a Binance Smart Chain-powered dex. Providing liquidity on Pancake Swap is a strategic way to maximize yields on coins unavailable in the Ethereum ecosystem at a fraction of the cost, averaging 8 cents a transaction on Binance Smart Chain. Below, see the yields investors could earn on coins like ADA, BAND, DOT and EOS with Pancake Swap.

Source: https://pancakeswap.finance/farms

If one decides that delving outside the realm of the Ethereum ecosystem is a good idea, then there is a seamless conduit connecting the Ethereum and Binance smart chain ecosystems together. Panama Swap allows users to seamlessly transfer USDT, BTC, BUSD and ETH from the ETH chain to the BSC chain without using an exchange.

In summary, the Defi secret on Ethereum has been out for a while now, but there are opportunities to get in early on alternative blockchain tokens at a fraction of the cost, like Pancake Swap and Panama Swap.

By Jacob Stelter

Disclosures: Not investment advice. It should be assumed that Sarson Funds or its affiliated managers hold positions in all projects that are discussed. It is not possible to invest in any project directly through Sarson Funds, Inc. or its affiliated managers. Any investment product offered by managers affiliated with Sarson Funds should be assumed to be only available to Accredited Investors and subject to the individual terms and conditions of that offering including but not limited to those eligibility requirements associated with U.S. Securities Regulation D, section 506c. Talk with your financial advisor before making any investment decisions or have them contact Sarson Funds directly at info@sarsonfunds.com

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