RE: Exploring DeFi on Binance Smart Chain (BSC)
(Edited)
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This an impressive and useful article. I want to learn more about Venus, and use the asset loan feature. I may be both a borrower there and lender, as I am interested in increasing my Bitcoin holdings. I will study it more.
Thanks
Upvoted and reblogged.
Thus graphic is pretty cool...
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Venus is an interesting decentralised loan platform, although I would hesitate to recommend it over the ones that CEXs like Binance and Kucoin already offer at the moment!
Kucoin and Binance already offer savings products that have very similar APR to the decentralised versions (and don't seem overinflated...), and in this early stage I trust them more than a project that is newish. Remember that when you use a decentralised loan/savings product that you also price in risk when viewing the APR. Higher APR is meaningless if you lose the entire capital!
I will have a better detailed review of each of the platforms when I've had a bit more time with them.
@ryivhnn did the graphic, I love it!