#DeFiGetsGraded How DeFi Works in Binance
Binance supports DeFi in two main ways:
1. Through the Binance Exchange
Even though Binance itself is a centralized platform, it offers access to DeFi features:
DeFi Staking – You can stake coins (like ETH, DOT, ATOM) to earn rewards, while Binance handles technical aspects like node running and security.
DeFi Mining / Yield Farming – Participate in liquidity pools of supported projects and earn token rewards.
DeFi Token Trading – Trade tokens from decentralized projects (like Uniswap, Aave, MakerDAO) directly on Binance.
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2. Through Binance Web3 Wallet & BNB Chain
Binance Web3 Wallet (in the Binance app) lets you connect to decentralized apps (dApps) like PancakeSwap, Venus Protocol, or Aave.
BNB Chain (Binance’s own blockchain) hosts many DeFi protocols where you can:
Swap tokens on DEXs (Decentralized Exchanges)
Lend and borrow crypto
Provide liquidity to earn fees
Join yield farms for higher returns
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Key Benefits of DeFi on Binance
Easy Access – You can explore DeFi without having to manage complex blockchain tools yourself.
Low Fees – Especially on BNB Chain compared to Ethereum gas fees.
Security Support – Binance vets many DeFi projects it features, lowering scam risks (though DeFi always has risks).
Multiple Earning Options – Staking, farming, lending, and more.
