Meet the First BCH Dex Built on Smartbch — Presents High-Yield Liquidity Pools, Noncustodial Swaps – Defi Bitcoin News

Decentralized finance (challenge) has established a trend during the second half of 2020 and this year, as statistics show that $ 168 billion is stuck in challenge in various blockchains. The Bitcoin Cash network now has the Smartbch protocol and in recent times a decentralized exchange platform (dex) has joined the challenge fray. The new Smartbch dex platform gives users the ability to earn via cash pools and trade tokens in a non-custodial manner.

Bitcoin Cash supporters flock to for 1000% APY and decentralized trading

Five months ago the BCH community anticipated the benefits of a project that combines the strengths of Bitcoin Cash (BCH) with Ethereum (ETH) network. The project is called Smartbch, a smart chain that maximizes the throughput of EVM and Web3 on a Bitcoin Cash side chain.

Smartbch has matured a bit since News reported that the project successfully launched three nodes. Now BCH community members took advantage of a dex trading platform called, a clone of dex

Meet the First BCH Dex Built on Smartbch - Introduces High Yield Cash Pools and Non-Custodian Swaps

Basically, the ability to earn returns and trade tokens on a non-depository basis is now possible using bitcoin cash (BCH), the Smartbch side chain, the SEP20 token protocol and The dex works the same as exchange platforms like Uniswap, Pancakeswap and Sushiswap. In order to take advantage of, you will need a wallet like Metamask to interact with the Smartbch network and connect with

A complete guide for Smartbch newbies, taking advantage of the Coinflex bridge and the ‘Green Ben’ token

To get started, there are a few prerequisites, which are explained in detail in a guide posted on the blog site. The Smartbch Walkthrough for Beginners written by “Moregainstrategies” shows the reader how to configure Metamask to work with the Smartbch network.

Additionally, the blog post explains that at the moment the only bridge to access sBCH is through the Coinflex trading platform. Because sBCH is required, anyone looking to test the capabilities of the network should exchange bitcoin cash (BCH) for sBCH. The only cost that a person will pay when exchanging BCH to the SEP20 sBCH token will be BCH network charges.

Meet the First BCH Dex Built on Smartbch - Introduces High Yield Cash Pools and Non-Custodian Swaps is compatible with non-custodial Web3 wallets like Metamask. Users need to connect to the Smartbch network and get sBCH through the Coinflex bridge. The author of “Moregainstrategies” posted a detailed guide on how to get sBCH, use sBCH with Metamask and the dex

Coinflex only requires an email address to register, however, a person can also just use Metamask and skip the registration. Once the account is registered or attached to a Metamask wallet, the user must deposit bitcoin cash (BCH) in the Coinflex wallet. Once the funds are confirmed, the user can withdraw, but instead must withdraw sBCH using the SEP20 standard.

The address of the Metamask wallet is the address needed to send the sBCH to, and after a little wait, the sBCH should arrive in the wallet. From there, can be used to redeem Smartbch tokens or join a yield farm in order to collect passive income from their liquidity tokens. For example, on the platform, there is a section where trades can take place for Smartbch tokens such as “$ cats”, “arg”, “green ben”, “honk”, and more. The green ben token (EBEN) is the native token of and is also used for governance decisions.

Meet the First BCH Dex Built on Smartbch - Introduces High Yield Cash Pools and Non-Custodian Swaps offers staking.

At the time of writing, only one ben green (EBEN) is trading for $ 2.4826019 per EBEN and there is an outstanding offer of 5,723,529 EBEN today. The price per EBEN and the number of tokens in circulation gives the coin a market cap of around $ 14.2 million. In addition to being able to trade tokens on a non-custodial basis, users can wager LP tokens to earn EBEN via cash pools.

Meet the First BCH Dex Built on Smartbch - Introduces High Yield Cash Pools and Non-Custodian Swaps
The native token for called green ben (EBEN).

Current Smartcash farms show yields between 200% and 100% + APY

The current annualized percentage returns (APYs) of cash pools are quite high. For example, the EBEN-BCH the cash pool at the time of writing gives a user 1,070% paid in EBEN, less fees. There is also the $ CATS-BCH and the $ CATS-EBEN liquidity pools which have current APYs between 210% and 290%. It should be noted that APYs hosted on can fluctuate like the myriad of other dex apps that offer cash pools.

Meet the First BCH Dex Built on Smartbch - Introduces High Yield Cash Pools and Non-Custodian Swaps users can join LP Token Yield Farms. Readers of News should note that and the Smartbch clone are being audited by Certik Security. Challenge apps always come with risk and users should exercise due diligence before operating a challenge app.

Also note that is a clone of the BSC dex, which is in the process of being checked by Certik Sécurité. This means that the audit is not yet complete; All dex applications carry risk, and users should exercise due diligence and ensure that their wallet’s network settings and token contracts are not malicious or tampered with. Audited or unaudited, traders should never invest more than they are willing to lose on any dex application.

Bitcoin Cash fans have been to discuss the dex regularly on the r / btc forum and on Twitter. The r / btc Reddit forum has a number of positions which explain how works and what it is the first dex to rely on Bitcoin Cash (BCH) network.

What do you think of the Smartbch project and the dex Let us know what you think of this topic in the comments section below.

Tags in this story

Audit not completed, BCH, Benswap,,, bitcoin cash, Bitcoin Cash Network, chats, Certik Security, Coinflex, Coinflex Bridge, decentralized exchange, decentralized finance, DeFi, DEX, Dex app, Dex platform, EBEN , Green Ben Token, Liquidity Pools, Metamask, Non Custodial, sBCH, Smartbch, Swapping Tokens

Image credits: Shutterstock, Pixabay, Wiki Commons, Metamask, Smartbch,,

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