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To accelerate DeFi adoption, Brave (BAT) joins BSC to accelerate DeFi adoption

Brave (BAT) joins BSC
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Brave (BAT) joins BSC. Brave announced that, as part of Themis Initiative, the native token of Brave privacy browser (Basic Attention Token (BAT)), explores multiple blockchains and is now part of Binance Smart Chain BSC as wrapped BAT to accelerate defi adoption.

With this, BAT holders can now use a multitude of bridges to Ethereum and Binance Smart Chain to participate in the DeFi ecosystem on BSC. 

At the moment, BAT browser supports Ethereum and BSC through a configuration change in the wallet, however later this year, it will add support for Binance Smart Chain that will allow BAT holders to access Binance Smart Chain without additional apps, new wallets or even changing configuration in Brave wallet.

Due to low transaction fees in BSC, Brave will also use BSC to enable P2P tipping right through the browser.

BRAVE (BAT) holders can now participate in BSC-based projects such as PancakeSwap and BakerySwap for trading, Beefy Finance for yield optimization, and many more, including VenusDODOOpenOcean, and Autofa

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Brave (BAT) joins BSC. Brave announced that, as part of Themis Initiative, the native token of Brave privacy browser (Basic Attention Token (BAT)), explores multiple blockchains and is now part of Binance Smart Chain BSC as wrapped BAT  to accelerate defi adoption.

“With this strategic integration between the Brave browser and Binance Smart Chain, we will introduce seamless UX together for crypto users to access DeFi and Dapps in BSC and other blockchains, which will dramatically inspire mass adoption and inclusive finance,“

said  Xiaoguang Zhang, Binance Smart Chain Ecosystem Coordinator.

An then he added:

“Our hope is that BAT and Brave will take crypto mainstream and to make DeFi user-friendly for the mass market,” said Brendan Eich, CEO and co-founder of Brave. “With wrapped BAT now available on BSC, we believe this is achievable. We are especially excited by the low transaction fees and scalability of Binance Smart Chain and how that enables us to build scalable and seamless DeFi applications for Brave users,”

Brave browser is the first client and gateway to the utility for the BAT token and it is grown to over 25M monthly active users (MAU) and over 9M daily active users (DAU). With its tremendous utility, BAT has over 3.8M monthly transacting users and over 13M Brave/BAT Rewards wallets. 


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Disclaimer:

The information expressed in this article is solely those of the author and do not necessarily reflect the vies of CryptoDeFinance.  Each and every investment and trading move involves high risk. You should always conduct your own research when making a decision in crypto investment.
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Ana Teixeira

Hi! I am Ana and I am a crypto enthusiast. Enjoy my articles, share them and don't forget to drop a comment. If you like us and our news, share the posts and comment. Your visit and interaction is very important to us.
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