Very interesting, and it will give me the push to pull my finger out and learn how to interact with liquidity pools on BSC.
BSC opens us up to a much wider audience and allows our existing Hive userbase to dip their toes in DeFi without paying $60 fees on the ETH network.
Music to my ears as those crazy gas fees have been the only thing keeping me from exploring staking liquidity with Defi. With CUB airdrop/claimdrop I can dip my toes without watching $60 ETH go up in smoke ;-)
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BSC is not that cheap, but it really depends on how much you will use it.
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BSC fees are on the order of 1/1000th the fees of ETH.
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Fees are fees though.
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Tbh, my concern was $60 gas fees... BSC fees of less than $0.50 fulfil my criteria of being able to try to learn Defi Liquidity pools without spending silly money for the privilege. Might move onto ETH based pools once I am confident in the whole process, but less risk to use the more centralized BSC at the beginning 😉
BSC is great for learning, that's true!
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Sounds good 🙂
Yes, it's cheap because you pay around $ 0.25. On Pancakeswap, for example, you pay for every action you do, such as the Harvest function for example
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Good to know. Thanks for the heads up 🙂