How To Start Yield Farming On Binance?
Popular cryptocurrency exchange Binance released Launchpool, a method for users to earn revenue by staking tokens for yield farming. According to a Binance announcement, users of Launchpool can stake Binance’s native BNB token and BUSD stablecoin as well as other […]
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
Popular cryptocurrency exchange Binance released Launchpool, a method for users to earn revenue by staking tokens for yield farming. According to a Binance announcement, users of Launchpool can stake Binance’s native BNB token and BUSD stablecoin as well as other tokens, for interest-bearing rewards. Here’s everything you need to know about Yield Farming on Binance…
What is Yield Farming?
In DeFi, yield farming is the concept of making profit on your assets by placing them in interest generating DApps. Yield farming enables users to make passive income on their idle assets, by utilizing the decentralized ecosystem developed on Ethereum, Binance Smart Chain, or any other smart blockchains. As a consequence, yield farming is changing how investors HODL in the future.
Yield farming often relies on liquidity pools. Asset holders can provide their liquidity to lending platforms or Decentralized Exchanges (DEX). In return, the liquidity providers earn interest in the form of fees, generated when others access their funds to borrow or exchange tokens.
What is Binance Launchpool and How to Yield Farm on Binance?
By loading the video, you agree to YouTube’s privacy policy.
Learn more
Launchpool allows Binance users to receive new coins in return for staking their BNB, BUSD, and other tokens on the Binance Smart Chain mainnet. The number of tokens users make each day is proportional to the number of tokens they have contributed to the pool vs the total amount of tokens contributed to the pool.
Launchpool will be used to list new tokens to Binance. Farming begins 7 days before the listing, and carries on for a total of 30 days. Farmed coins are paid out daily. The staked coins can be withdrawn at any given point during the 30 days. In this way, BNB, BUSD, and ARPA coin holders are the first to receive any new coins to be launched on Binance.
How do you get started?
For users of the desktop version of Binance:
For users of the Binance app:
Anyone with a Binance.com account can participate in the Launchpool. All that’s needed is a coin balance higher than 0.1 (for example 0.1 BNB) of any token supported for the pool, with no upper limits.
Binance Launchpool and the Bella Protocol (BEL)
As mentioned earlier, Binance Launchpool will compensate users for staking BNB, BUSD, and ARPA. Binance also announced the first project on Launchpool called Bella Protocol (BEL).
Users will be capable to stake their BNB, BUSD, or ARPA tokens into three distinct pools to farm BEL tokens over 30 days. In this process, Binance will also list the Bella Protocol (BEL) and then open trading for BEL/BTC, BEL/BNB, BEL/BUSD, and BEL/USDT trading pairs.
Conclusion
Yield farming is changing the way people are HODLing crypto. It enables crypto enthusiasts to earn interest on their idle assets. But as a relatively new and still developing concept, yield farming might bare unknown risks, like smart contract faults for example. It is always important to properly research any project before allocating assets to it.
For later? Save this article and find it again in your profile.
Related articles
Which topics should we dive deeper into?
Select what genuinely interests you. Your picks feed directly into our editorial planning.
Crypto news that's actually worth your time.
Weekly. 60 seconds. Carefully curated by our editors: no hype, no promo flood, no spam.
May 17, 2025 11:04 AM
Best Yield Stablecoins 2025: Where to Earn Safely and Profitably
Stablecoins offer high yields with low risk. How to earn passive income and start growing your crypto portfolio? Here's all you need to know.
April 2, 2025 10:13 AM
Breaking: BNB ETF Launch might be very BIG, here's why
VanEck Investment Company plans to launch a BNB exchange-traded fund (ETF). If approved, this would be the first BNB ETF listed in the U.S. Here’s what you need to know.
February 26, 2025 9:00 PM
Backpack Crypto: Interest-Bearing Futures are here to Help you Make Money
Backpack Exchange has introduced Interest Bearing Perpetuals, a feature designed to improve capital efficiency and optimize trading strategies.
January 30, 2025 12:31 PM
Trump Media Ventures into Financial Services with Truth.Fi
Trump Media & Technology Group expands into financial services with the launch of Truth.Fi, aims to invest up to $250 million in Bitcoin and other digital assets.
June 19, 2024 11:18 AM
Best 3 Altcoins: TOP Gainers Today
Over the past 24 hours, 3 cryptos have seen notable market performance increases and registered impressive gains. What were these altcoins and what drove their surge?
June 17, 2024 10:59 AM
TOP 3 DEX for June 2024
What are the best DEXs to use in 2024? Here are the top 3 for June 2024!
June 10, 2024 4:40 PM
Is Ripple (XRP) ETF Approval Next, Following Bitcoin (BTC) & Ethereum (ETH) ETFs Approval?
Following Bitcoin (BTC) ETF approval first, and later that of Ethereum (ETH) ETF, not long ago, which Altcoin will be next is what everyone is wondering. Could it be XRP?
March 15, 2024 7:37 PM
Non Fungible Conference is “so back” in Lisbon: 28-30 May
The Non Fungible Conference (NFC), leading conference on Web3 and NFT, returns to Lisbon on May 28th, 29th, and 30th, 2024.
February 27, 2024 7:59 AM
Top 5 Best NFT Marketplaces for 2024
Explore the top 5 NFT marketplaces for 2024! From Blur's advanced tools to OpenSea's variety, find the perfect platform for your NFT.
February 24, 2024 5:42 AM
Breaking News: Uniswap Price Soars with Proposed Staking Rewards. What’s Next?
Uniswap (UNI) just got a major boost in its price! Let's take a look at this Uniswap price article in more detail.
February 19, 2024 4:41 PM
Web3 Security Essentials: A Guide to Web3 Security
This comprehensive guide delves into the aspects of Web3 security, offering in-depth insights for safely navigating this world.
February 18, 2024 11:00 PM
Grapes (GRAPE)Token: Live Trading on Bitget Now!
Grapes is poised to extend its influence beyond gaming, venturing. The new big thing: GRAPE Goes Live on Bitget
February 14, 2024 2:45 PM
Massive Starknet Airdrop: 700M STRK Tokens to 1.3m Users! How to be eligible for STRK Airdrop?
On February 20, 2024, the Starknet Foundation team is set to distribute Starknet airdrop. Let's take a look at this initiative.
January 21, 2024 8:58 AM
Top LSDFi Projects To Watch Out For in 2024
A really interesting part of DeFi is Liquid Staking Derivatives (LSDfi). Let's take a look at the top LSDfi projects in the 2024 article
January 13, 2024 8:13 AM
TOP 5 RWA Tokens TO BUY After the Bitcoin ETF APPROVAL
This article is all about the Top 5 RWA tokens to buy after the recent Bitcoin ETF approval. Let's take a look at this in more detail.
January 12, 2024 1:41 PM
What is Ethereum Staking and How to Stake ETH?
Ethereum Staking Guide: Explore top platforms like Binance & Lido for ETH staking, offering up to 4% APY, flexible terms, and daily rewards.
January 8, 2024 5:29 AM
INTO THE BLUE by Manta Network: The Comprehensive $MANTA Airdrop Guide
Manta Network has officially announced the commencement of the "Into the Blue" airdrop. Let's take a look at this MANTA airdrop guide
November 24, 2023 2:04 AM
Binance News: Is Binance US still SAFE after CEO Pleads Guilty?
The CEO of Binance, Changpeng Zhao, known as CZ, has reportedly entered a guilty plea. Is Binance US still safe to use? Will BNB crash?
October 29, 2023 1:25 AM
$MEME Coin’s Exciting Debut on Binance Launchpool: Farming and Listing Insights
Discover the latest milestone for $MEME Coin as it joins Binance Launchpool and prepares for its Binance listing on November 3. Dive into the details of its successful firesale and unique farming opportunities.
October 25, 2023 5:35 AM
A Detailed Guide on How to Grow Your Crypto Savings in the Next 12 Months!
Many investors are looking for ways to grow their crypto savings in the next 12 months. In this detailed guide, we will explore strategies.
September 11, 2023 1:50 AM
Exploring the Leading DeFi Tokens: A Comprehensive Guide
A comprehensive dive into the top five DeFi tokens. From Dai's stability to Uniswap's transformative approach, explore the giants shaping the decentralized finance realm.
June 19, 2023 6:35 AM
The Game Changers: Top 5 DeFi 2.0 Tokens to Invest in Now
This article unveils the top 5 DeFi 2.0 tokens to invest in now. These tokens represent the future of finance, offering enhanced scalability.
May 21, 2023 2:03 PM
Best Staking Tokens in 2023: Diversify Your Crypto Holdings
Explore the best staking tokens in 2023 besides Ethereum and diversify your crypto holdings. Discover top projects offering competitive yields and innovative features.
November 28, 2022 7:47 AM
Aave Review 2022 – Is Aave Worthwhile?
This article is all about Aave review 2022 and whether Aave is worthwhile or not. Let’s take a look at it in more detail.
October 2, 2022 12:56 PM
DeFi Explainer: What is Impermanent Loss?
Partaking in LPs can get risky. In this article, we're going to talk about what is impermanent loss, and how to mitigate any associated risk.
More from CryptoTicker