Venus Protocol Ukraine

Has everyone had a glass of champagne for Binance's 6th anniversary yet? 🏄

#BinanceTurns6

DeFi (decentralized finance) is an independent financial ecosystem open to all users. In it, participants interact with each other directly, without intermediaries - banks, credit organizations and others.

DeFi protocols include lending and borrowing protocols, such as #VenusProtocol , which allow you to earn interest on your cryptocurrency and borrow even more cryptocurrency against it.

Most likely developers #Arkham DC fans. Everyone remembers this mental hospital? 👀

To increase the amount of your BNB to participate in Binance #Launchpad you need to perform several steps.

1. Use your idle crypto as collateral on venus.io (BEP20 network and #Metamask, #TrustWallet etc.)

2. Borrow more than #BNB against your collateral on venus.io

3. Withdraw coins on Binance and keep them for pictures.

4. Wait for distribution of new LaunchPad tokens.

5. Transfer back BNB and repay loans to #VenusProtocol

🏄 Probably everyone has already seen the new #Launchpad on Binance.

It is interesting to learn how to increase your hold amount #BNB? Like and I will tell you the details in the next post)

🥳 Today is the first anniversary of the ambassador program #VenusStars Venus Protocol

🌟 We are celebrating a year of uniting great people around a project aimed at expanding the adoption of #DeFi around the world.

👀What is required for lending/borrowing on Venus Protocol?

✅ Non-custodial wallet of the Metamask/TrustWallet type

✅ A little BNB on the BEP20 network to pay commission

✅ The main cryptocurrency in the BEP20 network, which you will use for lending and further borrowing (if necessary)

✅ Go to app.venus.io - connect the wallet and start interaction.

#XVS #binanceukraine #defi #bep20

Want to become a member of the DAO community?

Venus Protocol is built on the DAO management system. Any user can suggest an idea to improve or add necessary functions to the protocol. A certain amount of XVS tokens is required to submit a proposal for voting. Usually, a user describes his idea on the forum, the community discusses it, and a special security team checks it before publication.

#XVS #dao #defi

Venus Protocol works like a bank. You can deposit different cryptocurrencies to earn annual interest on your deposits. The process is very similar to how you earn interest by depositing money into a bank savings account.

Venus Protocol users can also borrow cryptocurrencies at low interest rates by providing appropriate collateral. Borrowing is carried out instantly for any term.

#xvs #bnbchain #lending #borrowing

Venus Protocol is the first lending platform on the BNB Chain. It was created by Swipe, a well-known crypto wallet and debit card company that Binance acquired in 2020.

The project's native token, #XVS (BEP-20), is a management token.

You can easily lend your idle cryptocurrencies and receive interest on them, as well as borrow more than 20 assets at low rates against their collateral.

A little statistics, who is in the top? 👀

Трошки статистики про Venus Protocol по TVL

#XVS

$XVS

Greetings to everyone on the Venus Protocol Ukraine channel!

Have you ever heard of this DeFi project? 🏄

👍 yes - like

repost - no

#defi #lending #bnbchain