How To Use Venus: DeFI on Binance Smart Chain (BSC)

21,152 Views · Posted 3 years ago

The Venus Protocol is a groundbreaking DeFI protocol on the Binance Smart Chain that allows you to simultaneously deposit crypto and earn interest while also taking out loans, minting stablecoins, and earning the Venus governance token. It can be thought of as a fusion between Maker and Compound that also runs on the Binance Smart Chain and has incredibly low fees and fast confirmation times.

#defi #binancesmartchain # #venusprotocol #vxs #vai

Timestamps
00:00 Overview
04:15 Deposit Crypto and Earn Interest
04:15 Borrow Against Collateral
09:30 Mint and Stake VAI
12:30 Other Features
14:45 Estimating ROI
16:16 Enabling MetaMask for BSC
18:24 Conclusion

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References
https://testnet.venus.io/
https://venus.io/Whitepaper.pdf
https://academy.binance.cc/en/articles/connecting-metamask-to-binance-smart-chain
https://morioh.com/p/72eab42165e9

Video Tags

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