SLP Now on BSC, Flexible Savings Also Being Offered by Binance

Binance, the world’s largest cryptocurrency exchange in terms of trading volume recently announced it’s listing of Smooth Love Potion (SLP) on Binance Smart Chain under BEP20 token standard.

As of this writing, the total supply of Smooth Love Potion (BEP20) or its liquidity on Binance Smart Chain is amounting to more than 200M+ and because of the recent announcement, many players right now are asking if SLP is now available to be sent from Ronin to other BEP20 token wallets. (Read More: Beginners Guide to Binance Smart Chain: BSC Philippines Guide)

However, the official Sky Mavis team hasn’t announced anything yet about the recent adoption of Binance for SLP (BEP20).

Listing Update: BEP20 – SLP is now listed on #BSC

Contract address: https://t.co/WxdvpyLG7U pic.twitter.com/A9xgaM1NYd

— Binance Smart Chain (@BinanceChain) August 16, 2021

Further, since the Ronin wallet or the Ronin Bridge is still connected directly on Ethereum blockchain, the SLP farmed directly on the game is still based on ERC20 protocol and sending SLP based on BEP20 will make it disappear. (Read More: Comprehensive Axie Infinity Scholarship Guide [English])

Along with the new listing on the Binance Smart Chain (BSC), Binance also added SLP along with AVA, LUNA, and MKR on the list of supported assets on Flexible Savings, a service which allows Binance users earn on their idle digital assets by holding them on the exchange. (Read More: You Can Now Directly Trade SLP to PHP in Binance P2P)

As of this writing, the estimated annual interest yield for SLP is around 2% or can also be directly computed that if the user has a thousand (1,000) SLP, they can get around 0.05479 SLP per day based on the annual interest yield fluctuation.

Further, Binance users are advised to read the Terms of Use before using its products to avoid any miscalculations on the investments.

This article is published on BitPinas: SLP Now on BSC, Flexible Savings Now Being Offered

The post SLP Now on BSC, Flexible Savings Also Being Offered by Binance appeared first on BitPinas.

Leave a Reply

Your email address will not be published. Required fields are marked *