BenSwap allows you to stack WBCH (which is just wrapped BCH on the SmartBCH so it can interact with smart contracts) to earn interest. If I understand it correctly, you earn rewards in their own token (EBEN). Right now they offer ~15% APY but I think this is pretty volatile.
The risks are:
- EBEN going to 0: you earn nothing but your BCH is safe.
- Smart contract hack: you lose your funds.
I think there's no impermanent loss risk because it's not a liquidity pool, can anyone confirm how it works? Benswap it's audited in BSC and the developer affirms the smart contracts on SmartBCH are the same.
[link] [comments]
source https://www.reddit.com/r/btc/comments/peowgs/how_earning_interests_with_you_bch_in_benswap/
No comments:
Post a Comment