Lately I am investigating a lot of DeFi Apps and on my Medium account I have written about 4 Apps. You can read the full story here .
DApp, DeFi, CAKE, PancakeSwap and Binance Smart Chain are all hot terms that are popping up more often within the crypto world. I am newby in this world, but also it has my curiosity in this Corona time. I tried some of the DeFi app and have written some articles about it on my Medium account. You can read about How to use and deposit tokens within PancakeSwap (a beginners guide) How to setup a MetaMask wallet What is "impermanent loss" when you invest in liquidity pools? First I will explain some of the terms used. DApp = A decentralised application within DeFi land. A finance application where you can buy and lend liquidity in a decentralised way. DeFi = Decentralised Finance. BSC = Binance Smart Chain. This is the network that Binance uses for its BEP-20 tokens APR = Annual Percentage Rate. The percentage you will receive in a year. For example when you deposit 1000$ with an APR=10%, you will receive 100$ at the end of the year APY = Annual Percentage Yield. The annual