{"id":176289,"date":"2021-02-12T03:17:18","date_gmt":"2021-02-12T00:17:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-devs-grumble-as-harvest-finance-and-value-defi-eye-binance-smart-chain\/"},"modified":"2021-02-12T03:17:18","modified_gmt":"2021-02-12T00:17:18","slug":"ethereum-devs-grumble-as-harvest-finance-and-value-defi-eye-binance-smart-chain","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-devs-grumble-as-harvest-finance-and-value-defi-eye-binance-smart-chain\/","title":{"rendered":"# Ethereum devs grumble as Harvest Finance and Value Defi eye Binance Smart Chain"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a364da3d2fdf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a364da3d2fdf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-devs-grumble-as-harvest-finance-and-value-defi-eye-binance-smart-chain\/#Testnet_or_true_ecosystem\" >Testnet or true ecosystem?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-devs-grumble-as-harvest-finance-and-value-defi-eye-binance-smart-chain\/#More_accessibility_more_users\" >More accessibility, more users<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Ethereum devs grumble as Harvest Finance and Value Defi eye Binance Smart Chain  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNzc3ZTUwOGYtYmM3NS00ZDdhLWI0YTQtOWQzOGE3ZGJkMjE2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Today, yield aggregator Harvest Finance and multi-service platform Value DeFi \u2014 two Ethereum-native decentralized finance (DeFi) protocols accounting for nearly a billion dollars in total value locked between them \u2014 announced planned expansions to Binance Smart Chain, the smart contract platform built by crypto exchange giant Binance.<\/p>\n<p>Not everyone in the Ethereum community is ready to take BSC seriously, however. <\/p>\n<p>Harvest, which is among the largest yield aggregators and currently boasts over 830 million in total value locked, said in a statement to Cointelegraph that the protocol is looking to hire two developers to bring Harvest to BSC.<\/p>\n<p>\u201cAt Harvest Finance we think this is an opportunity to show that &#8220;cross chain&#8221; yield farming is not only possible, it will be one of the next major milestones for the yield farming ecosystem,\u201d said Harvest community moderator Red.<\/p>\n<p>Likewise, Value DeFi and its $40 million in TVL said in a Tweet that they were planning to port their yield-bearing governance vault to BSC, confirming earlier team statements on Discord:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Cat is out of the bag on this one. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BSC?src=hash&amp;ref_src=twsrc%5Etfw\">#BSC<\/a> here we come!<\/p>\n<p>More details on an updated roadmap coming soon  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/CsTdWS6l5C\">pic.twitter.com\/CsTdWS6l5C<\/a><\/p>\n<p>\u2014 Value DeFi Protocol (@value_defi) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/value_defi\/status\/1359784350460506113?ref_src=twsrc%5Etfw\">February 11, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>The announcements come during a period of explosive growth for BSC. Projects on Binance Smart Chain such as PancakeSwap have been on a tear as of late, and even before the announced moves the recent run of success has led some members of the Ethereum developer community to ask which is more valuable: a platform scalable enough that all players can feasibly participate, or a credible degree of decentralization?\u00a0<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Testnet_or_true_ecosystem\"><\/span>Testnet or true ecosystem?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>BSC, whose architecture is supported by 21 validator nodes all run by Binance or its affiliates, has been characterized by some developers as an elaborate Ethereum testnet, given its cheap transactions and centralization:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Before you complain, BSC is hot rn because no one ever invested much in Ethereum testnets like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/goerli?src=hash&amp;ref_src=twsrc%5Etfw\">#goerli<\/a> and making them profitable as a playground<\/p>\n<p>\u2014 I&#8217;m just a doggie boi (@fubuloubu) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/fubuloubu\/status\/1359534060272570371?ref_src=twsrc%5Etfw\">February 10, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/scupytrooples\">Scoopy<\/a>, the semi-anon co-founder of the forthcoming AlchemixFi project, the centralization means that BSC is destined to remain populated with copycat projects originally born on Ethereum.<\/p>\n<blockquote><p>\u201cMy view on the matter is that while it may offer some improvements to user experience with faster and cheaper transactions, it is counter to the decentralized ethos that has inspired countless developers to build on Ethereum,\u201d they said. \u201cInnovation will continue to be centered in Ethereum as a result.\u201d<\/p><\/blockquote>\n<p>Other traders and developers are less concerned with originality and thorough decentralization, however. In an interview with Cointelegraph, Red said that even though Ethereum is \u201cthe king of kings,\u201d profit maximalism is what motivates Harvest.\u00a0<\/p>\n<p>\u201cHarvest sees a growing number of projects that are attempting to alleviate the pain associated with high gas costs on Ethereum,\u201d said Red. \u201c[&#8230;] Harvest is focused on providing the best sources of yield for farmers. If that yield exists on another chain, and can be safely utilized, we will turn on the tractors.\u201d<\/p>\n<h3><span class=\"ez-toc-section\" id=\"More_accessibility_more_users\"><\/span>More accessibility, more users<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Aside from developmental and ideological scruples, BSC\u2019s transaction costs are increasingly difficult to ignore for projects looking to provide value for their users. The recent <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.google.com\/search?q=gas+costs+cointelegraph&amp;rlz=1C1GCEA_enUS881US881&amp;oq=gas+costs+cointelegraph&amp;aqs=chrome..69i57.5602j0j7&amp;sourceid=chrome&amp;ie=UTF-8\">spike is gas costs is a genuine barrier for retail investors<\/a>, especially when it comes to more complex contract interactions. Value DeFi specifically mentioned these gas costs as a pain point in their BSC announcement.\u00a0<\/p>\n<p>Members of the Premia Republic, an all-anon team building the Premia options protocol, said that unless a project is building with explicit decentralization in mind, BSC is simply a path to a larger pool of users capable of using a smart contract product. <\/p>\n<p>\u201c[We] don&#8217;t think building on bsc is a bad thing at all. Whether everyone agrees or not, retail and a large portion of the participating market are being priced out of some of the services offered in defi due to gas fees,\u201d they said. <\/p>\n<blockquote><p>\u201cSome may build\/port to bsc because they would like to capitalize on the profits and economic activity h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ening, but in [our] opinion, you&#8217;re simply opening yourself up to an additional market.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-devs-grumble-as-harvest-finance-and-value-defi-eye-binance-smart-chain\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ethereum devs grumble as Harvest Finance and Value Defi eye Binance Smart Chain &#8221; Today, yield aggregator Harvest Finance and multi-service platform Value DeFi \u2014 two Ethereum-native decentralized finance (DeFi) protocols accounting for nearly a billion dollars in total value locked between them \u2014 announced planned expansions to Binance Smart Chain, the smart contract&#8230;<\/p>\n","protected":false},"author":1,"featured_media":176290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvNzc3ZTUwOGYtYmM3NS00ZDdhLWI0YTQtOWQzOGE3ZGJkMjE2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,75166,74891,75434],"class_list":["post-176289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-binance-coin","tag-ethereum","tag-smart-contracts"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/176289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=176289"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/176289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/176290"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=176289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=176289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=176289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}