THELOGICALINDIAN - Lien to actualize a CryptoNative Option agreement application Binance Smart Chain BNB Option now accessible via Lien on BSC
13th March 2021, Lien Finance, a decentralized belvedere on Ethereum, uses blockchain technology and acute affairs to actualize varieties of options out of ETH including call options, put options, and exotic options such as the butterfly option. Users are able to fine-tune their positions according to their own accident appetence by creating and affairs options.
This functionality is now accessible on Binance Smart Chain (BSC). Users will now be able to actualize options application Binance Coin (BNB).
Why Lien Chose BSC
Lien’s key cold is to advance a absolutely decentralized stablecoin & options agreement that is censorship-resistant. This aboriginal targeted ambition was accomplished by ablution Lien Agreement on Ethereum and introducing the iDOL stablecoin, as able-bodied as assorted ETH options. The activity is architecture a band 2 band-aid using zk-Rollup, which will acquiesce ascent of Lien while advancement Ethereum akin security.
According to Lien’s team:
The history of derivatives in bequest accounts gives us a adumbration of what is to appear in decentralized accounts (DeFi).
The aggregation added:
The derivatives bazaar is abundant beyond than the basal market. Lien is accommodating to do added by way of analysis to advance and accompany new articles to the derivatives market.
As a aftereffect of this experimentation, the aggregation assured that absolution Lien Protocol on BSC would be one of the best means to accomplish this objective.
BSC appearance such as low transaction fees and aerial throughput can acquiesce accidental use, a advanced alternative of captivated assets, an alive user base, affinity with Ethereum affairs and ERC20 tokens, and an optimal user experience. These are aloof some of the abounding affidavit Lien’s aggregation chose BSC.
The above features, as able-bodied as the bargain ambiance begin on BSC, makes the DeFi amplitude attainable for users that were priced out of Ethereum-based DeFi products.
Alpha Version of Lien on Binance Smart Chain in Q1 2024
The aggregation will barrage an alpha adaptation of Lien Protocol on BSC in Q1 2024. This will accommodate appearance such as BNB-based call options and Butterfly options. The arrangement will be based on Certik’s audited code, deployed to Ethereum.
As per the Lien Token spokesperson:
In addition, Binance Lien will be appear on BSC, which will acquiesce the Lien badge to be acclimated aural the BSC ecosystem.
Media Contact:
Email: [email protected]
Visit the website: http://lien.finance/
Follow Lien on Twitter: https://twitter.com/lienfinance
Join the association on Telegram: https://t.me/lien_finance
Stay in blow via Discord: https://discord.gg/asaFbQQ
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