When you have connected metamask with binance smart chain, adding tokens can be a challenge. If you are a noob, you will search for the token name in metamask. This will not work, cause metamask doesn't recognize BEP-20 tokens yet. There is a simple solution to this. Go to Binance Smart Chain.Search for the token in the search bar.Copy Contract Address.Go to MetaMask.Add … [Read more...] about Searching Binance Smart chain tokens to add in Metamask
What is a Collateral? Collateral in DEFI is similar to traditional finance. While acquiring a loan a borrower goes to a lender for a certain amount of funds. The lender agrees to provide loan once they both agree on the interest rate, this rate based on the amount and the time of repayment. The lender asks for the security of his loan by taking something of value from … [Read more...] about Lending and Collateralization Explained
What is Liquidity Pool Token? To determine the share of a liquidity provider in a pool, platforms generate a new token for the pair. This token is known as liquidity pool token or LP token. They generate in accordance to the pair and share of the pool. For example, if a trader contribute $40 worth of KMD and USDT to a Binance smart chain pool with a total value of $200. … [Read more...] about What are Liquidity pool tokens?
MetaMask for Binance chain? It is a browser-based extension for Binance Chain, Binance Smart Chain, and Ethereum. You can send receive, store on the Binance Chain, smart chain, and Ethereum network. Binance chain wallet also allows connectivity with dApps built on the smart chain. Binance chain wallet is a browser extension available for Chrome, Firefox, and Brave. It’s … [Read more...] about Binance Chain Web Wallet
When you are investing assets to earn interest or profit you have to keep this in mind. Impermanent loss refers to the price change in your asset when invested vs now. In other words, it is temporary. The difference between the original price (at the time of investing) of your asset vs the current market value is called Impermanent loss. This means less dollar value for … [Read more...] about What is impermanent loss?