Today, yield aggregator Harvest Finance and multi-service platform Value DeFi — two Ethereum-native decentralized finance (DeFi) protocols accounting for nearly a billion dollars in total value locked between them — announced planned expansions to Binance Smart Chain, the smart contract platform built by crypto exchange giant Binance.
Not everyone in the Ethereum community is ready to take BSC seriously, however.
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.
“At Harvest Finance we think this is an opportunity to show that “cross-chain” yield farming is not only possible, but it will also be one of the next major milestones for the yield farming ecosystem,” said Harvest community moderator Red.
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 that they would partner up with BSC.
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?