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RE: Binance Smart Chain - A More Affordable Route into Defi than ETH

in LeoFinance • 4 years ago

Nice writeup!

Most people don't care about decentralization - they care about usability, and Pancakeswap is leagues ahead of Uniswap in that regard. The decentralization of Ethereum is debatable anyway, considering that three mining pools control over 50% of the hash rate.

And for people who are concerned about impermanent loss, they can deposit their CAKE into syrup pools and earn tokens risk-free.

4 years ago in LeoFinance by
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     4 years ago  

    Thanks for the clarification, I almost certainly didn't cover everything, I wrote that up at 2 a.m. after a pretty excitable Friday evening going down the rabbit hole for the first time, I'm sure you remember the feeling!

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       4 years ago  

      From a decentralisation point of view, isn't this network just entirely run by Binance?

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