Decentralized Finance (DeFi) has shattered all expectations in 2020, reaching a total market cap of 87B$*and 51B$* in Total Value Locked (TVL).
Volume increased and DeFi users/projects migrated to Binance Smart Chain (BSC) due to the very high gas fees on Ethereum (ETH).
The new born BSC is now a big challenger to the established ETH, with TVL on Pancakeswap at 4.3B$* compared to 4.6B$* on Uniswap.
With all the excitement building up, many of new projects are launched and unfortunately many scams have drained investor’s funds.
Not your keys, not your coins — when you farm or stake, you allow the smart contract to transfer your coins to the platform and become centralized. As a result, you have to trust the project and the team with your funds. That would be comparable to putting your savings in a bank or an exchange.
PIG protocol provides an easy solution:◾️all coins remain in your wallet, no rug possible and 100% decentralized◾️automatic yield farming without the complications of pairing assets for liquidity and risks of impermanent losses
How is this possible? A 5% tax is applied on every transactions, of which 2% is distributed to holders proportionally to the amount held and 3% gets locked forever in PIG-BNB liquidity in Pancakeswap. This means the yield is automatically compounded,without paying gas fees.
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