![]() For users, it means that applications like MetaMask can be easily configured to work with BSC with just tweaking a couple of settings. Because BSC is EVM-compatible, it makes it easy for developers to port their projects over from Ethereum. It’s an independent blockchain that could run even if Binance Chain went offline. The design goal here was to leave the high throughput of Binance Chain intact while introducing smart contracts into its ecosystem.īSC is not a layer two or off-chain scalability solution for the existing Binance Chain. However, unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). How to use the Binance Chain Wallet Extensionīinance Smart Chain (BSC) is best described as a blockchain that runs in parallel to the Binance Chain.Withdrawing from Binance Exchange to a BSC wallet.How to deposit cryptocurrencies on Binance Smart Chain using MetaMask.Connecting MetaMask to Binance Smart Chain.Binance Smart Chain vs Binance Chain: Differences?.This means when traders are losing your debt goes down (you profit) but when they win your debt goes up (you have to buy LUSD to pay your debt). To allow for this, traders are in fact trading against the Linear debt pool, the same debt pool you join when staking. They are creating the asset they want when they buy something, say ℓBTC, and they destroy the asset when they sell. When people trade on Linear Finance, they aren't buying and selling with other people. In order to claim rewards your LINA must be 500% more valuable than your LUSD debt. As we just covered, when you stake LINA, you receive 20% of the value in LUSD debt and can use this to trade on the exchange or yield farm. ![]() You must pay back this debt to unstake your LINA.Īlso you must maintain your p-ratio at 500% to claim rewards. Your starting debt will be 20% the value of your staked LINA (Example: If you stake $1000 you will receive $200 LUSD in debt) You will receive this debt in LUSD and you are free to trade with it, or take it off the protocol. The main thing to know is that when you stake on LINA you become part of the debt pool. Connect with Big T in the Linear Finance Discord! If you have further questions on connecting your wallet to the BSC network, 24/7 support is available in the official Discord Group: Ĭredit: Big T (Linear Finance Moderator). Token Contract Addresses are available at: If you wish to add the BSC BEP-20 versions of LINA and various liquid ℓ-assets to your MetaMask, click “Add Token” and select “Custom Token”.
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