Binance takes on DeFi with Uniswap competitor and liquidity mining

Cryptocurrency6 minutes ago (Sep 05, 2020 08:40AM ET)

Crypto exchange giant Binance is delving deeper into the world of DeFi-style products with its latest offering, an automated market maker called Binance Liquid Swap.

Aimed directly at Uniswap and its clones, Binance will launch an AMM liquidity pool that allows users to provide liquidity by depositing tokens. Just like the world’s most popular decentralized exchange, Binance Liquid Swap will also enable users to earn interest in addition to a cut of the trading fees for the pool.

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Binance takes on DeFi with Uniswap competitor and liquidity mining

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