Cryptocurrency exchange Binance recently launched its liquidity farming program with TRON-based TRX tokens, and has now announced an expansion of the program with an additional focus on stablecoin liquidity pools on the exchange’s platform. The liquidity pool addition allows users to stake their BUSD, TUSD and USDC, and receive Binance’s native token BNB as a reward for their liquidity provision in three different pools.

Binance’s liquidity farming program is constantly adding new pools as part of its overall effort to attract more traders and users to the platform. As an extension of the same program, Binance has recently added three new TUSD-USDT, USDC-USDT and BUSD-USDT trading pairs to the existing liquidity staking program. The addition of these new trading pairs allows users to stake USD-pegged stablecoins such as USDT, USDC and BUSD in order to earn BNB rewards.

The exchange will be providing a total of 3,500 BNB rewards to the participants each month. Participants need to provide liquidity in these three pairs in order to be eligible to receive the rewarded BNB tokens. The liquidity can be provided to any one of the pairs or all the three pairs together. Those having acquired BNB rewards will be credited in the next month’s BNB rewards distribution. However, only the liquidity provided till the end of the current month will be taken into consideration for the rewards calculation.

The Binance Liquidity Farming Program was launched in June 2020, with the sole focus of attracting more liquidity to the Binance Exchange. It offers incentives for traders to provide liquidity by way of rewards such as BNB tokens. The program has been extremely successful, with thousands of users joining it since its launch.

The expansion of the Binance Liquidity Farming Program to include trading in USDT-based pairs is a great example of this. This will provide users more opportunities to earn returns in BNB rewards while also helping to add liquidity to the exchange’s platform. As more people join the program, the exchange will likely add more USDT-based pairs and other asset classes to the program soon.

Binance continues to stay at the forefront of cryptocurrency innovation as it is often one of the first to adopt new cryptocurrency technologies. The addition of USDC/USDT, TUSD/USDT, and BUSD/USDT liquidity pools to its existing farming program is another step forward in ensuring that the exchange remains a leading destination for traders and investors to participate in the crypto market. Trading in these liquidity pools will further add to the liquidity of the exchange and will help the users to benefit from the Binance platform by earning BNB rewards.



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