BSC News
Here Are the DeFI Protocols With the Largest BUSD Pools
By
Patrick
February 13, 2023
PancakeSwap accounts for nearly half of the $672 million in TVL in BUSD pools in the crypto sector. Other top protocols include Alpaca, BiSwap and Curve.
>$670M in BUSD Pools
The news that Paxos Global will stop minting BUSD stablecoins by order of the New York financial regulator will cause massive shifts in Decentralized Finance (DeFi) as users and protocols seek out alternative options.
Let’s take a look at the DeFi protocols with the largest amounts of BUSD in yield-producing pools, according to DefiLlama data. In total, DefiLlama tracks pools with more than $672 million Total Value Locked (TVL) that include BUSD either as a single token or in a pair.
1. PancakeSwap
It’s no surprise that the dominant Decentralized Exchange (DEX) on BNB Chain has the most TVL in pools that include BUSD.
In all, PancakeSwap has $334 million in BUSD pools, accounting for nearly half the total across the DeFi sector.
The largest BUSD pools on PancakeSwap are WBNB-BUSD ($165 million), USDC-BUSDC ($46 million) and BTCB-BUSD ($44 million).
2. Alpaca Finance
Alpaca Finance, the largest yield protocol on BNB Chain, comes in second on this list, with nearly $77 million in TVL in BUSD pools.
More than half of that ($39 million) is in Alpaca’s BUSD pool, the largest single stake pool for BUSD in the crypto space.
3. BiSwap
Third on our list is BiSwap, the second-largest DEX on BNB Chain, with nearly $48 million in TVL in BUSD pools.
The largest is BiSwap’s WBNB-BUSD pool ($30 million), followed by its USDT-BUST pool ($15 million).
4. Curve
Behemoth multichain stablecoin exchange Curve ranks forth for BUSD in pools, with nearly $30 million in TVL.
Curve’s largest pools are BUSD-3CRV ($14 million) and BUSD-FRAXBP ($10 million).
5. Uniswap V3
Rounding up our list is Uniswap v3, the largest DEX in the DeFi according to exchange volume. The protocol has more than $27 million in TVL in BUSD pools.
The lion’s share of that is in Uniswap’s BUSD-USDC pool ($24 million).
Notables
Other protocols with more than $10 million in BUSD pools include:
Convex Finance: $24 million
Ellipsis Finance: $18 million
Venus: $17 million
BabyDogeSwap: $16 million
Stargate: $14 million
JustLend: $13 million.
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Author
Patrick
Patrick
Originally from Texas, Patrick is based in the Cayman Islands. He has a diverse background in journalism. He holds bags mostly in stablecoins.
bnb
binance
eth
ethereum
stablecoin
bnb-chain
busd
