Binance goes Defi with PancakeSwap Mini

Binance, the world's leading blockchain ecosystem and cryptocurrency infrastructure provider, has announced the launch of the first DeFi project on its mobile platform, the PancakeSwap Mini Program.

Binance goes Defi with PancakeSwap Mini

Mini PancakeSwap Program

PancakeSwap is the leading decentralized exchange and yield farm on the BNB Smart Chain, with the highest trading volumes in the market. It is also the most popular decentralized platform by number of users. PancakeSwaps' goal is to help users get the most out of cryptocurrency in three ways: trade, get, and earn — it has since expanded its product line with Prediction, NFT Marketplace, IFO, and more .

The launch of its Mini Program launched in the Binance mobile app will lower the barrier of decentralized finance and provide an important opportunity for Binance users to explore the DeFi world. 

Binance Defi Wallet

The Binance DeFi Wallet is a decentralized web3 wallet without storage within the Binance app. With the Binance DeFi Wallet, users can create a wallet, transfer funds, and use DApps, all within the Binance mobile app. Currently, the wallet only supports transfers to and from Binance CEX Spot Wallet. It is therefore no longer necessary to copy, paste and verify the wallet address for withdrawal from the Binance CEX spot wallet and redeposit into it.

Mayur Kamat, Chief Product Officer of Binance, said, “  Ce-DeFi is an important strategy for the development of Binance. As part of this strategy, the PancakeSwap Mini Program is just the beginning of integrating DeFi projects into the Binance ecosystem. In the future, Binance's mini program functionality will be open to more decentralized projects, providing users with a smooth Ce-DeFi experience." 

This project strengthens solidarity within the BNB chain. Additionally, between the new service launched through Bifinity and its first service provider license Binance is on a very strong streak.

If you cannot yet find this service in your Binance interface, it is important to point out that access to the Mini Program is currently only open to a small part of Binance users and will scale up to eventually reach all users. from Binance. Try to access it in the next few days!

Additionally, the pancakeswap medium reads, “ We will also be initiating a launch event for new users who connect with us through the Binance DeFi Mini Program and Wallet. Please stay tuned for the announcement of the Mini Program opening up to all Binance users! »

The cooperation is therefore well underway and all that remains is to wait for the finalization of this extremely interesting project, which will boost access to the Defi and help many users to take advantage of the many advantages of web 3.0.

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