WALBT/BNB Liquidity Mining Campaign live on AllianceBlock's DeFi Terminal LMaaS platform

3 min readJul 29, 2021

After the launch of our completely decentralized bridge: The AllianceBridge, we have now launched a WALBT/BNB liquidity mining campaign with a starting APY on the BSC network in order to increase the liquidity of WALBT on BSC.

AllianceBlock Liquidity Mining

Since the launch of our Liquidity Mining platform, we have had huge successes with all ALBT/bALBT liquidity mining campaigns that were launched. In order to accommodate other projects in DeFi, we launched DeFi Terminal together with Liquidity Mining as a Service: an easy way for DeFi projects to launch their own liquidity mining and single-sided staking network, fully audited with support for several networks and protocols right from the bat. After clients have successfully launched their own portals through DeFi Terminal's LMaaS, it was only a matter of time to start migrating our own campaigns and pools to LMaaS as well, marking the start of the full DeFi terminal that is coming.

AllianceBridge

Ever since the launch of Binance Smart Chain support on our Liquidity Mining Portal, we saw that bridging is not always quick, cheap, or transparent. We saw the clear need for a fully decentralized bridge that is capable of bridging tokens from any network to any other network. Initially launched with support for 4 EVM compatible networks: Avalanche, Polygon, BSC, and Ethereum, the AllianceBridge will be extended with other non-EVM compatible chains in the near future as well.

Through AllianceBridge you can bridge ALBT from Ethereum to any other supported network in order to get WALBT, and then back again from any of the supported networks back to Ethereum in order to get ALBT again.

In order to ensure sufficient liquidity on PancakeSwap and to have the WALBT rewards available on the BSC network, we have used AllianceBridge to bridge 3 million ALBT in one go without any test transaction. The transaction was, quick, smooth, and can be seen on BSCScan.

To make sure that there is enough liquidity on the supported networks, we launch today with a Liquidity Mining campaign on Binance Smart Chain (through the PancakeSwap v2 protocol).

How to participate?

Please note that:

ALBT on ETH is always 0x00a8b738E453fFd858a7edf03bcCfe20412f0Eb0
WALBT on BSC is always 0x42f3008F6945f052C31e7680F7f78c512099b904
The V2 WALBT/WBNB pool on PancakeSwap is 0xbff97d9a0719eeb69b56e4d0cd5a3c82f0ffd7df

Bridging tokens

In order to start, you'll need at least WALBT on the BSC network. You can follow the steps in this guide in order to bridge ALBT from the Ethereum network to WALBT on the BSC (Binance Smart Chain) network.

Wrap BNB

Next to WALBT, you'll need WBNB. WBNB is not a bridged variant of BNB through the AllianceBridge, but a wrapped BEP20 version of BNB on the Binance Smart Chain network. In order to wrap BNB to WBNB, go to https://pancakeswap.finance/, and then on the menu on the left click on "Trade" and then "Exchange". You then select BNB as "from" token and WBNB as "to" token. Once you have entered an amount, you can press the Wrap button and confirm the transaction in MetaMask.

Providing liquidity

Please note: our current Liquidity Mining portal is available at https://lm.allianceblock.io/,but the WALBT/(W)BNB pool will be available on https://allianceblock.defiterm.io/. From this point on, all new/extended pools will be made available on our DeFi Terminal instead of the currently known Liquidity Mining portal.

After connecting your wallet on https://allianceblock.defiterm.io/ you'll need to switch the network on both the portal and MetaMask to Binance Smart Chain mainnet.

Then you go to the campaign, click on the plus ("+") icon in the middle and you can start putting the amount of either WALBT or WBNB you want to provide.

As always, you're welcome in our Telegram Channel to discuss our Liquidity Mining program, DeFi Terminal, LMaaS, AllianceBridge, and all other things AllianceBlock…

About AllianceBlock

AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.

Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs bankers, and quants, AllianceBlock is on the path to disrupt the traditional markets with its state-of-the-art and globally compliant decentralized capital market.