Bitbns announced its DeFi protocol bns.finance on Sep 4, 2020. The new DeFi protocol is focused on yield farming and also towards improving the ecosystem for bitbns as an exchange, BNS – the exchange’s native token and BNSD – the DeFi protocol token. Users can essentially stake some of their cryptocurrencies like ETH, USDT, USDC, BNS, BNSD, YFI, SUSHI and earn BNSD token as reward based on the interest rate and amount staked. This is the simplest form of explanation. As we learn how to do it, we will understand several steps in the process, platforms like uniswap and how to get the most out of your reward tokens. The most important thing to remember is that every transaction is done on Ethereum network and using a smart contract. The smart contract is built in such a way that with every Ethereum block, it creates new BNSD tokens and then distributes them to the addresses that have staked their tokens on bns.finance.