Binance Alpha and OKX: Who is Harvesting Liquidity and Who is Reshaping DeFi?

Recently, the OKX 'Earn Coin' feature, which has gained a lot of attention, is not an innovation but rather a repackaging. Its essence is the LP addition interface of PancakeSwap + an inducement entry + a wallet shell + a smoother UX. $CAKE #交易类型入门

🧠 In other words, the essence of DeFi is returning—everything is on-chain, and CEX is just a channel, not the endpoint.

1. The Liquidity Battle of Alpha, with PancakeSwap as the Potential Winner

The launch of Alpha Earn Hub on @BinanceWallet looks like a centralized tool to attract users to participate in earning coins, but its essence is:

Guiding users to inject assets into the PancakeSwap V3 LP pool for higher APR rewards (with floating rates up to 1000%+) to catch attention while keeping assets on-chain, building the real liquidity of Pancake. This step not only siphons traffic from traditional CEXs but also awakens Pancake from its silence:

🔥 Binance uses Alpha to divert traffic to Pancake, emphasizing the real and verifiable yield methods of DeFi once again.

2. A Second Chance for PancakeSwap

Many people say DeFi is dead, but the recent moves by Binance and OKX demonstrate that DeFi is an irreplaceable liquidity tool.

On the BNB chain, PancakeSwap is the only protocol that can truly support the revival of liquidity.

Binance Alpha allows more users to become familiar with LPs again, learn how to choose pools, and understand impermanent loss, which is an important lesson for the entire DeFi education.

🚀 I even believe this could be the strongest narrative comeback opportunity for PancakeSwap since 2021.