Have Binance Smart Chain and BNB Had their Day?

I've been happy enough staking some of my assets on Binance Smart Chain over the last month, but now that every chain under the sun seems to be offering very similar DEFI staking options I'm starting to ask myself 'why stick with BSC and why hold BNB'?

I do hold some BNB, it's in a single asset pool on Panther Swap, with its yield steadily dropping over the past couple of months.

I'm now wondering if I might not be better off just trading some of that BNB for maybe either Matic, the utility token of Polygon, or ATOM, the main token of the COSMOS chain, as both of these offer new DEFi options for MUCH lower fees than Binance Smart Chain.

I don't know very much about price trends, but below are the three month trends for all three coins, and they seem remarkably similar.....

BNB price

Matic Price

Atom price

BNB suffered a little more a few weeks back with the market crash, but since then all three have mainly just bumbled along, declining in value slightly.

Will the BNB price recover with so much cheaper competition?

Given that Binance are just inherently untrustworthy I can't see that much appeal ATM for sticking to Binance Smart Chain, the only reason I am is that CubDefi is on it and that's where most of my funds are.

But my spider senses are tingling and telling me to start shifting my funds out of Binance Smart Chain, and I might just start by selling off some of my BNB for a mix of Matic and Atom...

Comparing returns on BSC and Polygon/ Matic...

It's a bit difficult to do as my go-to platform for Polygon only shows APYs, NOT APRs, like BSC options tend to do (and maybe a sign of the fact that BSC is more 'evolved'?

Looking at Ape Swap, here are the APRs for some of the sensible coins you might pool BNB with:

And compared to Matic (APYs not APRs!)

NB - according to [this calculator](https://www.calculators.org/savings/apy-to-apr.php a 50% APY (ETH return on Matic) is the equivalent to a 40% APR, so the returns on MATIC do seem to be about twice as good.

And the returns on OSMOSIS (COSMOS/ ATOM)

A 600% APY is almost 200% APR!

Why trade BNB for other DEFI tokens and not something else?

My thought is that DEFI most definitely NOT dead.... people are going to be staking in pools/ farms to yield farm for the foreseeable future, and the chain which offers the highest returns, all other things being equal, is going to be the one whose native-token's price does best.

With ATOM, you don't pay fees in ATOM on the Osmosis app, the only reason for holding it is because it yields so well!

And I want to maintain my current stake in DEFI options.

A BSC exception will remain CUB

I'm sticking with CUB whatever happens, so I'll need some BNB to pay my CubDefi fees, but I'm not looking to stake BNB on Cub, I don't want to risk ending up with more BNB!

Final thoughts....

I'm probably going to sell SOME BNB - ATOM and AKT to stake on Osmosis are currently looking like good options!

LINKS

To get involved with Osmosis - here - https://app.osmosis.zone/

To find out more about how to get onto Polygon - here -