The cryptocurrency market has recently rebounded amid positive developments, with major coins like BNB breaking their downtrend lines since early June. This has restored some short-term market confidence. However, many investors remain underwater, waiting for prices to recover.
Instead of passively holding assets, you can generate cash flow and reduce your cost basis through strategies like lending, staking, or liquidity mining. This guide will walk BNB holders through earning 100% annualized yields using their holdings.
We'll explore Piggy Finance, a decentralized lending protocol on Binance Smart Chain (BSC). Let's dive into the step-by-step process.
Table of Contents
- Create a MetaMask Wallet
- Connect to BSC Network
- Transfer BNB to Your Wallet
- Stake BNB to Borrow PUSD
- Provide Liquidity to Stability Pool
- Repay Loan and Withdraw Collateral
- Provide PIGGY/BNB Liquidity
Create a MetaMask Wallet
To interact with DeFi protocols, you'll need a Web3 wallet:
- Install the MetaMask browser extension
- Create a new wallet or import an existing one
- Securely store your recovery phrase
👉 Learn more about MetaMask setup
Connect to BSC Network
Since Piggy Finance operates on BSC:
- Open MetaMask > Settings > Networks > Add Network
Enter these BSC parameters:
- Network Name: Smart Chain
- RPC URL:
https://bsc-dataseed.binance.org/ - ChainID: 56
- Symbol: BNB
- Block Explorer:
https://bscscan.com
Transfer BNB to Your Wallet
- Copy your BSC wallet address from MetaMask
- On Binance: Withdraw > BNB > Paste address > Select BEP20 network
- Complete security verification and wait for transfer confirmation
Stake BNB to Borrow PUSD
- Connect your wallet to Piggy Finance
- Navigate to "Borrow & Repay" > "Open Piggy Bank"
- Deposit BNB as collateral
Borrow PUSD while maintaining 180-200% collateral ratio for safety
- Example: $1,920 BNB collateral → borrow ~$1,000 PUSD
Key Risk: If BNB price drops significantly, your position may face liquidation.
Provide Liquidity to Stability Pool
- Go to "Stability Pool"
Deposit borrowed PUSD to earn:
- PIGGY token rewards
- Discounted BNB from liquidations
👉 Maximize your yield strategies
Repay Loan and Withdraw Collateral
To exit your position:
- Withdraw PUSD from Stability Pool
- Repay PUSD debt in "Borrow & Repay" section
You may need to:
- Claim PIGGY rewards
- Swap some assets to cover remaining debt
- Once debt is cleared, withdraw your BNB collateral
Provide PIGGY/BNB Liquidity
For additional yield opportunities:
- Obtain PIGGY/BNB LP tokens via PancakeSwap
- Stake LP tokens in Piggy's "Mining" section
- Earn trading fees + PIGGY rewards
Note: This exposes you to impermanent loss if token ratios change significantly.
PIGGY Token Address: 0x1bEaC6DF550be0ad146DD99b4726c6bec9C5c6a5
FAQ
What's the minimum collateral ratio?
The protocol allows 110%, but we recommend 180-200% to avoid liquidation.
How often are rewards distributed?
PIGGY rewards accrue continuously and can be claimed anytime.
Can I use other assets besides BNB?
Currently, Piggy Finance only accepts BNB as collateral.