@ChrissCrypto
How to use your Rapids (RPD) on PancakeSwap & BSC
Hello everyone. As of May 31st of this year, a **Bridge has been set up between Rapids and Binance Smart Chain**, allowing you to **convert your Rapids (RPD) to Wrapped RPD (BRPD)**, at a ratio of 1:1, for ***use on all BSC dApps***. https://bridge.rapidsnetwork.io/ Want to know more about ***how to convert your RPD to BRPD?*** We suggest you consult **this article**. https://rapidsnetwork.medium.com/use-your-rapids-rpd-on-binance-smart-chain-7c43b9a426ef
**But then, what can you do with these BRPD?** Let's take the example of a BSC dApp in the top 5 of Binance Smart Chain: **PancakeSwap**. https://exchange.pancakeswap.finance/#/swap
To put it simply and concisely, **PancakeSwap** on **Binance Smart Chain**, is similar to *UniSwap on Ethereum Blockchain*. It is a **DEX** (***Decentralized EXchange***), allowing you to make exchanges not between individuals, but directly with a Pool, which is much more interesting, because there is no buy list, and especially because ***using a DEX you avoid having to fill out KYC Forms***, and wait several hours to several days to receive a favorable opinion (or not!) https://exchange.pancakeswap.finance/#/swap https://www.binance.org/en/smartChain On **PancakeSwap**, the best choice would be to add your **Wrapped RPD (BRPD)** in a Liquidity Pool: *****BRPD/BUSD LP*****. https://exchange.pancakeswap.finance/#/swap https://bridge.rapidsnetwork.io/ For this **you need BRPD**, **but also BUSD**. (To get BUSD you must first have Binance Coin (BNB), which you then convert to Binance USD (BUSD)) And now you're going to tell me "***I need BNB, so I have to go to Binance, and buy BNB? So I have to fill out a KYC!?***". Well, let me reassure you, you can convert your **Wrapped Rapids (BRPD)** into **Binance USD (BUSD)**. https://bridge.rapidsnetwork.io/
When you make a Swap on **PancakeSwap**, to **exchange your BRPD into BUSD**, you pay a **fee in BRPD**, which allows you to use the platform hassle-free. After making this exchange, you can then deposit your funds in the Pool: *****BRPD/BUSD LP*****. https://exchange.pancakeswap.finance/#/swap The little extra is that as soon as **you have funds in the Liquidity Pools**, you **earn a little 'passive income'**, because, as indicated on **PancakeSwap**, as soon as you make a Swap, you pay 0.25% of fees. Of which **0.17% are paid to the 'LP Token Holders'**, in other words, to all the ***holders of BRPD/BUSD LP***. https://exchange.pancakeswap.finance/#/swap
There are **other possibilities when you use this** **platform**. You can engage in **Yield Farming**, or **Staking**. Stay tuned by following **Rapids on Twitter** for all future updates. https://exchange.pancakeswap.finance/ https://twitter.com/RapidsRPD If you have any questions, feel free to **join us on Telegram**, we will be happy to answer them. https://t.me/RapidsOfficial See you Soon **Rapids Network** https://rapidsnetwork.io/ Join us on: **Rapids.World** - **Telegram** - **Twitter** - **Medium** - **Facebook** - **MeWe** - **Instagram** - **Youtube** - **Discord** https://rapids.world/ https://t.me/RapidsOfficial https://twitter.com/RapidsRPD https://medium.com/@RapidsNetwork https://www.facebook.com/RapidsNetwork https://mewe.com/p/rapidsnetwork https://www.instagram.com/rapidsrpd/ https://www.youtube.com/channel/UCbvli8Hg2GqT9APoy1KlJew https://discord.com/invite/tMV2hSATqK Resources https://www.rapidsnetwork.io/ https://twitter.com/RapidsRPD https://t.me/RapidsOfficial https://bridge.rapidsnetwork.io/ https://exchange.pancakeswap.finance/ https://www.binance.org/en/smartChain
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