Phala Network Has Launched On Binance Bridge

Published on: 01.09.2021

Phala Network has Launched on Binance Bridge, Opening a PHA/USDT Liquidity Pool.

Users can Add liquidity to the PHA/USDT liquidity pool now and you’ll get a share of 180,000 PHA in yield-farming rewards. The rewards are determined by your acquired share to the total pool share. Users will receive regular yield-farming rewards when the 180,000 PHA rewards are distributed.

About Binance Bridge

Binance Bridge is an important project for Binance to improve the interoperability of different blockchains. It provides safe and fast cross-chain asset swap and is connected to the Binance Smart Chain. Binance Smart Chain, as a parallel running chain of Binance Chain, can realize functions such as smart contract creation and BNB pledge mining.

About Phala Network

Phala Network is a privacy-preserving cloud computing service, which offers computing power comparable to existing cloud services and protects the privacy of managed programs. Based on TEE-Blockchain Hybrid Architecture, developers can deploy confidential smart contracts running inside the TEE Enclaves in the CPU.

➡️Source:
https://medium.com/phala-network/ann-pha-has-officially-launched-on-binance-bridge-opening-a-pha-usdt-liquidity-pool-7c773c34644f

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