Mettalex Amplify: Live on Binance Smart Chain
Feb 24, 2021
To avoid the hefty gas fees and slow transaction confirmation time on the Ethereum network, liquidity providers can now farm anyMTLX with BUSD on Binance Smart Chain.
We are overjoyed to announce that Mettalex’s long-term, high-yield farming program — Amplify — is now available on Binance Smart Chain (BSC).
Yield seekers can now farm anyMTLX tokens at up to 275% APY in the anyMTLX:BUSD pool.
Bonus period in the 72 hours!
anyMTLX rewards will begin being distributed from block 5167880 (in about 6 hours). This should be ample time to set up your MetaMask wallets and get some BUSD and BNB tokens.
- 250,000 anyMTLX tokens will be distributed to yield farmers.
- One-sided liquidity provision in BUSD tokens.
- A convenient way to transfer MTLX tokens between Binance Smart Chain and Ethereum using the AnySwap bridge.
- Metalex-developed bridge to be announced soon for improved cost-efficiency.
- Extremely low gas fees and lighting fast transaction confirmations.
- Familiar interface, almost identical to the Mettalex Amplify one on Ethereum.
To join Mettalex Amplify on Binance Smart Chain, you need:
- MetaMask wallet set to the Binance Smart Chain network
- Binance’s stablecoin — BUSD
- Binance’s token — BNB (gas fees)
- Optional: anyMTLX tokens
anyMTLX tokens are the Binance Smart Chain equivalent of MTLX tokens. They conform to the BEP-20 standard.
What is the fastest and easiest way to join Amplify on Binance Smart Chain?
If you don’t have BUSD and BNB tokens, to quickly start yield farming anyMTLX on Binance Smart Chain you need to:
- Open a Binance account (if you haven’t already).
- Deposit your liquidity there — cryptocurrencies, tokens, or stablecoins. You can also buy BUSD with fiat currency or a credit/debit card.
- Buy the amount of BUSD that you want to farm with. (instructions below)
- Buy some BNB tokens to pay for gas fees on BSC. $20 should be more than sufficient. (instructions below)
- Add the Binance Smart Chain network to MetaMask. (instructions below)
- Withdraw your BUSD and BNB tokens from Binance to your BSC MetaMask wallet (select the BEP-20 option). (instructions below)
- Go to amplify-bsc.mettalex.com and connect your MetaMask wallet set to BSC.
- Under “Amount to Farm (BUSD)” enter the number of BUSD tokens you want to farm with. Or just press “MAX”.
- Press “FARM” and confirm the four MetaMask transactions. (total cost of all four transactions ~2 USD!!!)
- Enjoy up to 275% APY, fast transactions, and low gas fees 😉
There are a number of alternative paths that you can choose to start yield farming anyMTLX on Binance Smart Chain. Those are explained in the detailed walkthrough we have prepared.
Access the detailed walkthrough on Medium.
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