Binance Unveils Second Yield-Farming Project on Its Platform

The cryptocurrency exchange Binance unveiled the second project in the Binance Launchpool initiative for farming new tokens. The project is Wing, a lending DeFi platform.

To answer the most frequently asked question so far:

Yes, holding #BNB as part of Launchpool will earn you $BEL, $WING, $SXP as well as qualification for Launchpad etc https://t.co/hfCFpXGgWa

— Binance (@binance) September 14, 2020

From September 15, users of the exchange will be able to stake BNB, BUSD or ONT tokens in three liquidity pools for staking with rewards paid in WING, the project’s native token.

On September 16, Binance will add WING to its listing, with the asset initially trading in pairs with BTC, BNB, BUSD and USDT.

Users who had previously deposited BNB and BUSD for farming BEL tokens from the Bella Protocol project’s first Launchpool will automatically begin farming WING.

According to the press release, Wing has developed a lending cross-chain platform. Built on the Ontology blockchain, it aims to enable interaction between various DeFi products.

Earlier, after the launch Launchpool, Binance announced a $100 million allocation to support the DeFi ecosystem and plans for its interaction with centralized services.

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