The cryptocurrency market has recently rebounded, driven by positive developments—mainstream assets like BNB have broken out of their downward trend since early June, restoring some investor confidence. However, many holders may still be stuck in positions far from their entry prices.
Rather than waiting passively, you can put idle or trapped assets to work through lending, staking, or liquidity mining. These strategies not only generate steady cash flow while you wait for recovery but also help reduce your effective holding cost. In this guide, we’ll walk you step by step through how BNB holders can leverage Piggy Finance, a decentralized lending protocol on the Binance Smart Chain (BSC), to potentially earn high annualized yields.
What Is Piggy Finance?
Piggy Finance is a DeFi lending protocol built on Binance Smart Chain (BSC) that allows users to deposit BNB as collateral and borrow PUSD, a stablecoin pegged to the US dollar, at 0% interest. The borrowed PUSD can then be deposited into the Stability Pool to earn rewards in the form of PIGGY tokens and gain exposure to liquidated BNB from undercollateralized positions.
This dual-income model—earning yield while maintaining long exposure to BNB—makes Piggy Finance especially attractive for BNB holders during volatile markets.
👉 Discover how decentralized finance platforms are reshaping crypto lending and earning opportunities.
Step 1: Set Up Your MetaMask Wallet
To interact with any DeFi platform on BSC, you’ll need a Web3 wallet. MetaMask is the most widely used option.
- Install the MetaMask browser extension from metamask.io (note: all external links except OKX have been removed per guidelines).
- Create a new wallet and securely back up your recovery phrase.
- Once set up, MetaMask will default to the Ethereum network—you’ll need to switch to BSC.
Step 2: Connect MetaMask to Binance Smart Chain
Since Piggy Finance operates on BSC, you must add the BSC network manually:
- Open MetaMask → Click the network dropdown → “Add Network.”
Enter the following details:
- Network Name: Smart Chain
- New RPC URL:
https://bsc-dataseed.binance.org/ - Chain ID: 56
- Currency Symbol: BNB
- Block Explorer URL:
https://bscscan.com
After saving, you can easily switch between Ethereum and BSC using the network selector.
Step 3: Transfer BNB to Your BSC Wallet
Ensure your BNB is on the BEP20 network:
- Copy your MetaMask wallet address from the BSC network.
- Go to your exchange (e.g., Binance), initiate a withdrawal of BNB.
- Select BEP20 (BSC) as the network—never use ERC20 or BEP2.
- Paste your address and confirm the transaction.
Once confirmed (usually within minutes), your BNB will appear in MetaMask.
👉 Learn how cross-chain transfers work and how to avoid costly network mistakes.
Step 4: Deposit BNB and Borrow PUSD
Now connect to Piggy Finance:
- Visit the official Piggy Finance app (URL omitted per policy).
- Click “Connect Wallet” → Choose MetaMask.
- Confirm the connection when prompted.
Navigate to Borrow & Repay → Open Piggy Bank:
- Deposit your BNB as collateral.
- Determine how much PUSD you can borrow. The minimum collateralization ratio is 110%, but for safety, aim for 180–200%.
- Example: With $1,920 worth of BNB, you could borrow up to ~$1,700 PUSD, but borrowing only $1,000 keeps your ratio at a safer ~186%.
Click Open and confirm the transaction.
Note: Actual debt is slightly higher than borrowed amount due to a 0.05% fee and an automatic 2% deposit into the Stability Pool.
Monitor your position under Borrow & Repay. If your collateral ratio drops near 120%, consider repaying part of your debt to avoid liquidation.
Step 5: Deposit PUSD into the Stability Pool
To start earning:
- Go to Stability Pool → Enter the amount of PUSD to deposit → Click Confirm.
You’ll begin earning:
- PIGGY token rewards (inflationary emissions)
- Liquidated BNB from undercollateralized users
Even if your PUSD balance decreases, it’s likely because it was used to purchase discounted BNB during liquidations—your value is preserved or enhanced.
Click Claim anytime to withdraw accrued PIGGY rewards.
Step 6: Repay Debt and Withdraw BNB
When you’re ready to exit:
- From Stability Pool, click Unstake → Select amount → Confirm.
Go to Borrow & Repay → Repay → Enter amount.
- You may not be able to repay fully due to fees or PUSD converted into BNB during liquidations.
- If short on PUSD, swap a small amount of PIGGY or BNB on a DEX like PancakeSwap.
- Once debt and collateral show zero, your BNB is fully redeemed.
Step 7: Provide Liquidity for Additional Yield
Beyond the Stability Pool, you can boost returns by providing liquidity on automated market makers (AMMs):
- Go to Mining → Choose a pool (e.g., PIGGY/BNB or PUSD/BUSD).
For PIGGY/BNB:
- Click “Get LP Token on PancakeSwap.”
- Enter equal values of PIGGY and BNB.
- Approve and supply liquidity.
- Return to Piggy Finance → Stake the received LP tokens → Earn extra PIGGY rewards.
⚠️ Warning: Providing liquidity carries risks—especially impermanent loss and token volatility. Stablecoin pairs like PUSD/BUSD are lower risk.
To withdraw: Unstake LP tokens from Piggy → Remove liquidity on PancakeSwap.
Core Keywords
- Piggy Finance tutorial
- BNB lending
- Borrow PUSD
- DeFi on BSC
- Stability Pool
- Crypto yield farming
- Liquidation risk
- LP staking
Frequently Asked Questions (FAQ)
Q: Is Piggy Finance safe?
A: While Piggy Finance uses smart contracts audited by known firms, all DeFi platforms carry risks—smart contract vulnerabilities, market volatility, and liquidation risks. Always do your own research and never invest more than you can afford to lose.
Q: Why can’t I repay my full debt?
A: This often happens because part of your PUSD was used in liquidations or due to the initial 0.05% fee. You may need to acquire additional PUSD via swaps to fully repay.
Q: What happens if my position gets liquidated?
A: If your collateral ratio falls below 110%, your BNB will be automatically sold at a discount to repay debt. You lose part of your collateral—so maintaining a healthy ratio above 180% is crucial.
Q: Can I earn yield without borrowing?
A: Yes—some protocols offer direct staking, but Piggy Finance’s model maximizes yield by leveraging borrowed stablecoins without interest, making it ideal for confident BNB holders.
Q: Where can I find the PIGGY token contract address?
A: Use 0x1bEaC6DF550be0ad146DD99b4726c6bec9C5c6a5 to add PIGGY in MetaMask or PancakeSwap if it doesn’t appear automatically.
Q: Is there a way to track my rewards in real time?
A: Yes—the Piggy Finance dashboard updates your earned PIGGY tokens and liquidation gains live. You can claim rewards at any time.
Final Thoughts
Piggy Finance offers a powerful tool for BNB holders looking to generate passive income without selling their assets. By borrowing PUSD at 0% interest and depositing into the Stability Pool—or providing liquidity—you can earn significant yields while retaining upside exposure to BNB’s price appreciation.
However, success depends on active risk management: monitor collateral ratios, understand liquidation mechanics, and avoid over-leveraging.
Whether you're recovering from losses or optimizing returns in a sideways market, this strategy exemplifies how DeFi empowers users to take control of their financial outcomes.
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