PPAY is live on Binance Smart Chain and trades on PancakeSwap. ETH<>BSC Bridge is powered by AnySwap and MultiChain!
Many of you asked for it, and it’s finally here. PlasmaFinance’s native token, PPAY, is now launched on Binance Smart Chain (BSC)! You can swap, stake, provide liquidity for PPAY on BSC and PancakeSwap.
AnySwap and MultiChain are quickly becoming the go-to solutions in cross-chain functionality, with a growing reputation for enabling decentralized and trustless bridging between Ethereum and BSC.
Partnering with cross-chain bridge AnySwap and customizable blockchain development solutions provider MultiChain, we now enable you to use PPAY to seamlessly interact with the popular BSC network for higher yields and more opportunities in DeFi.
This means that when using PlasmaFinance and PPAY, your DeFi universe isn’t just limited to Ethereum, but now has expanded to a multichain DeFi-verse of Ethereum, Polygon and Binance Smart Chain.
List of official PPAY smart contracts:
Ethereum: https://etherscan.io/token/0x054d64b73d3d8a21af3d764efd76bcaa774f3bb2
Polygon: https://polygonscan.com/token/0x08158a6b5d4018340387d1a302f882e98a8bc5b4
BSC: https://bscscan.com/token/0xfb288d60d3b66f9c3e231a9a39ed3f158a4269aa
Start using $PPAY on BSC
Using PPAY from PlasmaFinance on BSC couldn’t be any easier. PPAY is now available for transfer between ETH and BSC using MultiChain bridge and for trading using PancakeSwap, the BSC-focused DEX.
- First, you need to bridge Ethereum and BSC to bring over your PPAY tokens from Ethereum to BSC. Do so by connecting your wallet on Ethereum network to the MultiChain bridge here: https://multichain.xyz/swap?pairID=ppayv5&src=1&dest=56. Choose “Swap”. Enter the amount of PPAY you want to transfer from Ethereum to BSC and select “Transfer”. Approve all contracts. When confirmed, you will have moved over PPAY from Ethereum to BSC!
2. Now, connect your wallet to PancakeSwap, making sure you change your network to Binance Smart Chain (Guide: How to add BSC to your Metamask?).
Then, add the PPAY token contract address to your MetaMask wallet (0xfb288d60D3b66F9c3e231a9a39Ed3f158a4269aA) as shown below.
3. Check you have the right token contract and add it to your MetaMask. The official PPAY contract address on BSC can be looked up on BscScan here: https://bscscan.com/address/0xfb288d60D3b66F9c3e231a9a39Ed3f158a4269aA
4. Next, add the token in PancakeSwap. From Exchange, select the token pulldown menu, and enter the address 0xfb288d60D3b66F9c3e231a9a39Ed3f158a4269aA Select Import.
5. You will be asked to confirm. Check the “I understand” box and select Import.
Now you can select PPAY in PancakeSwap. 🔥
You are now ready to use PPAY on BSC! You can swap PPAY for BNB or any other token by visiting this link: https://pancakeswap.finance/swap.
Select Trade > Exchange, then select the PPAY/BNB liquidity pool that we already created on BSC. We’ve added an initial amount of liquidity worth $100,000 to it. Simply enter the amount of BNB (or any other token) you would like to swap for PPAY, and select Swap. Approve all the necessary confirmations.
You can also provide liquidity to the pool or create your own with another token to earn a share of the fee revenue. Do this by selecting Liquidity. Enter the amount of BNB and PPAY you would like to provide to the liquidity pool and confirm all necessary approvals. After confirmation, you will then receive the appropriate number of BNB-PPAY LP tokens in your wallet.
And that’s it! Congrats! 🚀
Plasma.Finance: the widest DeFi access in one place
It’s no surprise that one of the most common requests we’ve received from the community is to enable PPAY interactions on the fastest-growing DeFi alternative network to Ethereum, BSC. It solved one of the sticking pain points for Ethereum-based DeFi (low on-chain gas fees) and has a big Asian base.
As you know, multi-chain functionality and interoperability has always been high on the PlasmaFinance agenda. The integration with Polygon last month was simply the first step in rolling out our Hyperloop development, which, as we’ve mentioned, will truly open multiple use cases beyond DeFi, including interoperability.
Our latest AnySwap and MultiChain partnership to bridge to PPAY reflects our ongoing journey towards complete interoperability in a multi-chain DeFi-verse.
Which chain would you like to see PPAY on next? We’ll open a poll on Twitter and on Telegram, so follow us on these channels and cast your vote!
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