Over $250M in Binance Coin (BNB) Locked to Farm BEL Tokens
Quick take: Over $250 million in Binance Coin has been staked to farm Bella Protocol (BEL) tokens Binance launched its newest launchpool feature to offer a secure way of yield farming The aim of launchpool is to allow investors to stake BNB, BUSD and other tokens to farm other tokens belonging to new projects Bella Protocol (BEL) token farming on the Binance Launchpool platform was officially launched today, September 9th, at 0:00 UTC. Since then, investors on the platform have staked over $250 Million in Binance Coin (BNB) – in less than 24 hours – to get a chance at farming BEL tokens.
11,075,858 Binance Coin (BNB) – Approximately $262.94 Million using $23.74 per BNB 57,697,617 Binance USD (BUSD) – Approximately $57.697 Million 114,016,303 – ARPA Chain (ARPA) – Approximately $4.56 Million using $0.04 per ARPA Binance LaunchPool: A Secure Way to Farm New Assets In the months of August and September, the crypto exchange of Binance has ventured into the DeFi industry by listing multiple DeFi tokens. To keep up with the warp speed at which Yield Farming is evolving, the exchange decided to launch Binance Launchpool as a secure way for investors on the platform to farm new assets.
