Phala Network
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Phala Network

ANN | PHA has officially Launched on Binance Bridge, Opening a PHA/USDT Liquidity Pool

$PHA is listed on Binance Bridge as of Aug 30; users can swap ERC20 and BEP20 PHA.

This move will further increase the liquidity of PHA and its usability in the Ethereum and BSC ecosystems, leading to growth and development of the use of PHA and the development of PHA asset-based products (within DeFi, NFT, etc.).

The same day, Binance Liquid Swap opened a PHA/USDT liquidity pool. Add liquidity to the PHA/USDT liquidity pool now and you’ll get a share of 180,000 PHA in yield-farming rewards. rewards are determined by your acquired share of the total pool. Users will receive regular yield-farming rewards as the 180,000 PHA rewards are distributed.

Join now:

Binance ANN

About Binance Bridge

Binance Bridge is an important project for Binance to improve the interoperability of different blockchains. It provides safe and fast cross-chain asset swap and is connected to the Binance Smart Chain. Binance Smart Chain, as a parallel running chain of Binance Chain, can realize functions such as smart contract creation and BNB pledge mining.

About Phala

Phala Network tackles the issue of trust in the computation cloud.

This blockchain is a trustless computation platform that enables massive cloud processing without sacrificing data confidentiality. Built around TEE-based privacy technology already embedded into modern processors, Phala Network’s distributed computing cloud is versatile and confidential. By separating the consensus mechanism from computation, Phala ensures processing power is highly scalable but not wasteful. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.

As a member parachain of the Polkadot cross-chain ecosystem, Phala will be able to provide computing power to other blockchain applications while protecting the data layer, enabling possibilities like privacy-protected DeFi trading positions and transaction history, co-computing DID confidential data, developing light-node cross-chain bridges, and more.

On-chain services currently being developed on Phala Network include Web3 Analytics: high-performance smart contracts from Phala to enable highly concurrent mass data analytics with privacy, paving the way for an alternative to Google Analytics that inherently respects individual confidentiality.

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