Introduction
Get to know what Binance Smart Chain (BSC) is and why it’s a hotspot for DeFi users
What Is Binance Smart Chain (BSC)?
A fast, low-cost blockchain for smart contracts
Built for DeFi, NFTs, and DApps
Compatible with Ethereum tools (EVM-based)
Runs on Proof-of-Staked-Authority (PoSA)
Step-by-Step for Beginners: Getting Started on BSC
1. Set Up a Wallet
MetaMask: Add BSC as a custom network
Trust Wallet: BSC support is built-in
Always secure your seed phrase!
2. Add BNB to Your Wallet
Buy from Binance and withdraw using the BEP-20 network
BNB is used to pay for gas fees on BSC
3. Explore DeFi Projects
Some beginner-friendly platforms:
PancakeSwap: Swap tokens, provide liquidity, stake CAKE
Venus: Lend and borrow crypto with XVS rewards
ApeSwap, Biswap, Alpaca Finance: Alternative options for yield farming
Staying Safe: Must-Follow Security Tips
Never share your seed phrase
Use only official links
Verify token contracts on BscScan
Revoke unused token approvals
Stay away from “too good to be true” offers
Use a separate wallet for testing new DApps
Advanced Tools and Platforms for Experienced Users
1. BscScan
Check transactions, gas fees, token details
View smart contract code and verify developers
2. Yield Aggregators
Beefy Finance / AutoFarm: Auto-compound your earnings
Higher returns with less hassle
3. Analytics Dashboards
DeFi Llama, DappRadar, Nansen
Track TVL, user activity, and token flows
4. Portfolio Trackers
DeBank, Zerion, Trust Wallet
View all your DeFi assets in one place
Pro-Level Tactics: Yield Farming, Staking, Lending
1. Yield Farming
Provide liquidity to earn tokens
Use vaults to auto-compound and maximize APR
Watch for impermanent loss
2. Staking
Stake BNB or governance tokens like CAKE and XVS
veToken models offer bonus rewards and voting power
3. Lending and Borrowing
Supply crypto to earn interest
Borrow against assets to farm or trade
Use Venus or other BSC-based money markets
Cross-Chain Strategies (for Multi-Chain DeFi Users)
Use Binance Bridge, Celer, or Multichain to move assets
Hunt for better yields on other chains (e.g., Ethereum, Arbitrum)
Be aware of bridge risks and gas differences
Governance: Your Voice in DeFi
Projects like PancakeSwap (veCAKE) and Venus (XVS) offer voting rights
Vote on proposals that shape token emissions, new features, etc.
Some protocols reward voters with extra tokens
Adidas Joins DeFi & NFTs on BSC
1. STEPN x Adidas
Launched co-branded NFT sneakers
Available on BSC and Solana
Move-to-earn model powered by crypto
2. Adidas NFT Collections
Into the Metaverse and ALTS
Wearables, avatars, and digital identity assets
Some launched via Binance NFT (on BSC)
3. Adidas on Binance
Participated in NFT drops on Binance NFT Marketplace
Shows growing real-world interest in DeFi and NFTs
Conclusion: Your BSC DeFi Journey Starts Here
Whether you’re swapping your first token or managing a multi-chain portfolio, BSC of
fers fast, affordable, and powerful tools to help you grow in DeFi. Stay safe, keep learning, and explore everything from PancakeSwap farms to Adidas NFTs on Binance Smart Chain.
@Karin Veri @Daniel Zou (DZ) 🔶 #BinanceSmartChain #BinanceEarnings
