Introducing ODDZ on Binance Smart Chain — ODDZ BEP20

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oddz finance

3 min readApr 1, 2021

In order to build a comprehensive derivatives platform to drive mainstream DeFi adoption, multi-chain interoperability is a significant aspect. In the quest to become a seamless on-chain option trading platform, Oddz is extending its ecosystem to blockchain networks like Ethereum, Binance Smart Chain, and Polkadot. We are super excited to announce that Oddz is all set to integrate Binance Smart Chain by creating a bridge between ERC20 and BEP20. This is the first step towards evoking revolution, and it’s just the beginning. Through this integration, $ODDZ will be accessible in the BSC ecosystem and users on PancakeSwap.

Exploring lucrative advantages by employing the Oddz Binance Smart Chain Bridge

Exposure to the growing BSC ecosystem by providing opportunities to collaborate with ecosystem players
Increased network activity due to low-cost transactions and ease of use
Binance Ecosystem incubates, funds, and bootstraps DeFi projects. This provides an opportunity to gain guidance from leading industry legos.
Lack of latency issues and high throughput resulting in instantaneous transactions
Cross-chain compatibility driving multi-chain operability in a seamless manner
Ever-growing user ecosystem under the banner of Binance.com and Binance DEX imparting immense value to millions of users.

Why is the Binance Smart Chain an ideal choice?

The launch of Binance Smart Chain was primarily to create a robust infrastructure for the DeFi adoption. The genesis of BSC drives massive adoption bringing DeFi to the Binance ecosystem. The EVM-compatible BSC employs a dual-architecture, allowing two blockchains to function parallelly with different objectives. The inception of the Binance Chain was to extend support to high-performance decentralized exchanges, therefore built on distributed consensus. In contrast, the BSC came into existence to extend support to developers to build Dapps by solving issues relating to high transaction costs and low throughput.

Moving forth, the Binance Smart Chain also enabled seamless creation of smart contracts for tokens under the purview of the Binance-labelled blockchain network. Introducing a staking program through BNB, the BSC is all set to drive increased utility to the overall Binance Ecosystem and its native token, BNB. The EVM ( Ethereum Virtual Machine) compatibility will improve the functionalities of BSC driving massive adoption.

The Binance Smart Chain has introduced smart and intuitive features that allow the developer ecosystem to drive further innovations in the DeFi landscape. Employing the new Proof of Staked Authority(POSA) consensus mechanisms will significantly contribute to high performance. This will be beneficial to all stakeholders. The BSC has set up a leveling ground giving DeFi projects a solution to their concerns. The paramount advantages that BSC offers will drive a new era of revolution. With Oddz synergistically infusing a Binance Smart Chain, it will set a solid foundation to fuel the derivatives space for DeFi users.

Driving Factor behind Integrating Binance Smart Chain (BSC)

Oddz Finance will launch its options trading platform on the BSC. Therefore $ODDZ will be accessible by users on the BSC. The users will be able to enjoy discounts in protocol transaction fees. The platform users who stake Oddz will also earn a share in the protocol transaction fees.

Oddz Protocol will be infusing liquidity on PancakeSwap to allow users to access $ODDZ. PancakeSwap is a decentralized exchange on the BSC that will enable users to access ODDZ-BNB on it.

To drive multi-chain interoperability, Oddz Protocol will continue integrations across various blockchain networks. By leveraging the existing technological innovation through Binance Smart Chain, Oddz Protocol believes that creating a bridge will be a significant use-case for the platform. We are keen on witnessing the value we provide through this integration, considering the attributes of BSC. In our mission to create a seamless derivatives trading experience, BSC’s low-cost transactions and high throughput are some of the essential attributes resonating with our vision.

About Oddz

Oddz Protocol is a trustless On-Chain Option trading platform that expedites the execution of call and put options contracts, conditional trades, and futures. It employs the synergies of Ethereum, Binance Smart Chain, and Polkadot to unleash the potential decentralized derivatives market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience.

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