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DeFi Lending: Unlocking New Financial Opportunities
Decentralized Finance (DeFi) has revolutionized traditional financial systems, offering users the ability to lend and borrow digital assets without the need for intermediaries like banks. DeFi lending platforms use blockchain technology and smart contracts to facilitate peer-to-peer lending, creating new financial opportunities for individuals worldwide. These platforms allow users to lend their cryptocurrencies to others in exchange for interest or to borrow digital assets by providing collateral, all while maintaining full control over their funds.
One of the primary advantages of DeFi lending is the absence of traditional banks or financial institutions. This eliminates the need for centralized intermediaries, reducing fees and allowing for more efficient and transparent transactions. Smart contracts automatically execute lending agreements based on predefined terms, ensuring that all parties fulfill their obligations without the need for a third party. This automation makes the entire process faster, cheaper, and more secure.
For lenders, DeFi offers the opportunity to earn higher interest rates compared to traditional savings accounts. Many DeFi platforms provide annual percentage yields (APYs) that can exceed what banks offer, making it an attractive option for those looking to grow their digital assets. However, these higher returns come with risks, including the potential for market fluctuations, smart contract vulnerabilities, and the need to trust the platform’s security.
For borrowers, DeFi lending offers access to liquidity without the need for credit checks or traditional banking services. By using digital assets as collateral, borrowers can access loans quickly and without the delays often associated with traditional financial systems. This opens up financial services to individuals who may not have access to conventional loans, further promoting financial inclusion.
Despite its benefits, DeFi lending is still in its early stages and faces challenges such as scalability issues, regulatory uncertainty, and security concerns. As the DeFi ecosystem continues to evolve, platforms will need to address these risks to ensure long-term sustainability and user trust.
DeFi lending represents a major shift in how we access and manage financial services. As the space matures, it will likely become an integral part of the broader financial ecosystem, offering greater freedom and opportunities for individuals to manage their wealth.
Stay updated as the world of DeFi continues to transform the way we think about finance!
#DeFi #Lending #Blockchain #DigitalAssets #Write2Earn
One of the primary advantages of DeFi lending is the absence of traditional banks or financial institutions. This eliminates the need for centralized intermediaries, reducing fees and allowing for more efficient and transparent transactions. Smart contracts automatically execute lending agreements based on predefined terms, ensuring that all parties fulfill their obligations without the need for a third party. This automation makes the entire process faster, cheaper, and more secure.
For lenders, DeFi offers the opportunity to earn higher interest rates compared to traditional savings accounts. Many DeFi platforms provide annual percentage yields (APYs) that can exceed what banks offer, making it an attractive option for those looking to grow their digital assets. However, these higher returns come with risks, including the potential for market fluctuations, smart contract vulnerabilities, and the need to trust the platform’s security.
For borrowers, DeFi lending offers access to liquidity without the need for credit checks or traditional banking services. By using digital assets as collateral, borrowers can access loans quickly and without the delays often associated with traditional financial systems. This opens up financial services to individuals who may not have access to conventional loans, further promoting financial inclusion.
Despite its benefits, DeFi lending is still in its early stages and faces challenges such as scalability issues, regulatory uncertainty, and security concerns. As the DeFi ecosystem continues to evolve, platforms will need to address these risks to ensure long-term sustainability and user trust.
DeFi lending represents a major shift in how we access and manage financial services. As the space matures, it will likely become an integral part of the broader financial ecosystem, offering greater freedom and opportunities for individuals to manage their wealth.
Stay updated as the world of DeFi continues to transform the way we think about finance!
#DeFi #Lending #Blockchain #DigitalAssets #Write2Earn
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On-chain Lending: A New Pillar of Blockchain Finance | Crypto 100-Day Challenge Day 56
Hello everyone! In today's 100-day challenge in the crypto space, let's talk about On-chain Lending, a highly regarded application scenario in decentralized finance (DeFi). Unlike traditional financial lending, on-chain lending does not require intermediary institutions and is automatically executed through smart contracts, providing users with an efficient and transparent way to manage funds. So, how does on-chain lending work? What are its advantages and risks?
Automated Digital Bank🏦
Imagine you're in a bank, but this bank has no tellers, managers, or queue systems; all lending processes are completed automatically through transparent machines. On-chain lending is like this, achieving decentralized borrowing and lending of funds through smart contracts, with higher efficiency and lower costs.
Automated Digital Bank🏦
Imagine you're in a bank, but this bank has no tellers, managers, or queue systems; all lending processes are completed automatically through transparent machines. On-chain lending is like this, achieving decentralized borrowing and lending of funds through smart contracts, with higher efficiency and lower costs.
📈 #DeFi is experiencing a revival, with key metrics on the rise.
- Active loans have surged to $13.3 billion, levels not seen since early 2022.
- DeFi TVL has recovered from $37 billion to $96.5 billion, a 160% increase.
- TVL doubled, peaking at $109b in june.
#Cryptolending #lending #Binancefeed #TrendingTopic
- Active loans have surged to $13.3 billion, levels not seen since early 2022.
- DeFi TVL has recovered from $37 billion to $96.5 billion, a 160% increase.
- TVL doubled, peaking at $109b in june.
#Cryptolending #lending #Binancefeed #TrendingTopic
Recent Trends in the Crypto Currency Market
Institutional Adoption:
Institutional investors, including hedge funds, family offices, and corporations, have increasingly entered the cryptocurrency space. This influx of institutional capital has provided credibility and liquidity to the market, boosting prices and market dynamics.
The state of DeFi and NFTs:
Decentralized finance protocols continue to innovate, offering a wide range of financial services such as lending, borrowing, and yield farming without intermediaries. Non-fungible tokens have exploded in popularity, enabling digital ownership and trading of unique assets like art, music, and virtual real estate.
#RegulatoryIssues #DigitalOwnership #art #lending #borrowing $BTC $ETH $BNB
Institutional Adoption:
Institutional investors, including hedge funds, family offices, and corporations, have increasingly entered the cryptocurrency space. This influx of institutional capital has provided credibility and liquidity to the market, boosting prices and market dynamics.
The state of DeFi and NFTs:
Decentralized finance protocols continue to innovate, offering a wide range of financial services such as lending, borrowing, and yield farming without intermediaries. Non-fungible tokens have exploded in popularity, enabling digital ownership and trading of unique assets like art, music, and virtual real estate.
#RegulatoryIssues #DigitalOwnership #art #lending #borrowing $BTC $ETH $BNB
Binance Academy
--
A Beginner's Guide to Earning Passive Income With Crypto
What is passive income?
Trading or investing in projects is one way to make money in the blockchain industry. However, that typically requires detailed research and a substantial investment of time – but it still won’t guarantee a reliable source of income.
Even the best investors can experience prolonged periods of loss, and one of the ways to survive them is to have alternative sources of income.
There are other methods than trading or investing that can help you increase your cryptocurrency holdings. These can pay ongoing income similar to earning interest, but only require some effort to set up and little or no effort to maintain.
This way, you can have several streams of income that, in combination with each other, can add up to a significant amount.
This article will go through some of the ways that you can earn a passive income with crypto.
What are the ways you can earn passive income with crypto?
Mining
Mining essentially means using computing power to secure a network to receive a reward. Although it does not require you to have cryptocurrency holdings, it is the oldest method of earning passive income in the cryptocurrency space.
In the early days of Bitcoin, mining on an everyday Central Processing Unit (CPU) was a viable solution. As the network hash rate increased, most of the miners shifted to using more powerful Graphics Processing Units (GPUs). As the competition increased even more, it has almost exclusively become the playing field of Application-Specific Integrated Circuits (ASICs) - electronics that use mining chips tailor-made for this specific purpose.
The ASIC industry is very competitive and dominated by corporations with significant resources available to deploy on research and development. By the time these chips arrive on the retail market, they are likely already outdated and would take a considerable amount of mining time to break-even.
As such, Bitcoin mining has mostly become a corporate business rather than a viable source of passive income for an average individual.
On the other hand, mining lower hash rate Proof of Work coins can still be a profitable venture for some. On these networks, using GPUs can still be viable. Mining lesser-known coins carries a higher potential reward, but comes with higher risk. The mined coins might become worthless overnight, carry little liquidity, experience a bug, or see themselves hindered by many other factors.
It is worth noting that setting up and maintaining mining equipment requires an initial investment and some technical expertise.
Staking
Staking is essentially a less resource-intensive alternative to mining. It usually involves keeping funds in a suitable wallet and performing various network functions (such as validating transactions) to receive staking rewards. The stake (meaning the token holding) incentivizes the maintenance of the network’s security through ownership.
Staking networks use Proof of Stake as their consensus algorithm. Other versions of it exist, such as Delegated Proof of Stake or Leased Proof of Stake.
Typically, staking involves setting up a staking wallet and simply holding the coins. In some cases, the process involves adding or delegating funds to a staking pool. Some exchanges will do this for you. All you have to do is keep your tokens on the exchange and all the technical requirements will be taken care of.
Staking can be an excellent way to increase your cryptocurrency holdings with minimal effort. However, some staking projects employ tactics that artificially inflate the projected staking returns rate. It is essential to investigate token economics models as they can effectively mitigate promising staking reward projections.
Binance Staking supports a wide variety of coins that will earn you staking rewards. Simply deposit the coins on Binance and follow the guide to get started.
Lending
Lending is a completely passive way to earn interest in your cryptocurrency holdings. There are many peer-to-peer (P2P) lending platforms that allow you to lock up your funds for a period of time to later collect interest payments. The interest rate can either be fixed (set by the platform) or set by you based on the current market rate.
Some exchanges with margin trading have this feature implemented natively on their platform.
This method is ideal for long-term holders who want to increase their holdings with little effort required. It is worth noting that locking funds in a smart contract always carries the risk of bugs.
Binance Earn offers a variety of options that let you earn interest in your holdings.
Running a Lightning node
The Lightning Network is a second-layer protocol that runs on top of a blockchain, such as Bitcoin. It is an off-chain micropayment network, which means that it can be used for fast transactions that aren’t immediately transferred to the underlying blockchain.
Typical transactions on the Bitcoin network are one-directional, meaning that if Alice sends a bitcoin to Bob, Bob cannot use the same payment channel to send that coin back to Alice. The Lightning Network, however, uses bidirectional channels that require the two participants to agree on the terms of the transaction beforehand.
Lightning nodes provide liquidity and increase the capacity of the Lightning Network by locking up bitcoin into payment channels. They then collect the fees of the payments running through their channels.
Running a Lightning node can be a challenge for a non-technical bitcoin holder, and the rewards heavily depend on the overall adoption of the Lightning Network.
Affiliate programs
Some crypto businesses will reward you for getting more users onto their platform. These include affiliate links, referrals, or some other discount offered to new users that are introduced to the platform by you.
If you have a larger social media following, affiliate programs can be an excellent way to earn some side income. However, to avoid spreading the word on low-quality projects, it is always worth doing some research on the services beforehand.
If you are interested in earning passive income with Binance, join the Binance Affiliate Program and get rewarded when you introduce the world to Binance!
Masternodes
In simple terms, a masternode is similar to a server but is one that runs in a decentralized network and has functionality that other nodes on the network do not.
Token projects tend to give out special privileges only to actors who have a high incentive in maintaining network stability. Masternodes typically require a sizable upfront investment and a considerable amount of technical expertise to set up.
For some masternodes, however, the requirement of token holding can be so high that it effectively makes the stake illiquid. Projects with masternodes also tend to inflate the projected return rates, so it is always essential to Do Your Own Research (DYOR) before investing in one.
Forks and airdrops
Taking advantage of a hard fork is a relatively straightforward tactic for investors. It merely requires holding the forked coins at the date of the hard fork (usually determined by block height). If there are two or more competing chains after the fork, the holder will have a token balance on each one.
Airdrops are similar to forks, in that they only require ownership of a wallet address at the time of the airdrop. Some exchanges will do airdrops for their users. Note that receiving an airdrop will never require the sharing of private keys - a condition that is a telltale sign of a scam.
Blockchain-based content creation platforms
The advent of distributed ledger technologies has enabled many new types of content platforms. These allow content creators to monetize their content in several unique ways and without the inclusion of intrusive ads.
In such a system, content creators maintain ownership of their creations and usually monetize attention in some way. This can require a lot of work initially but can provide a steady source of income once a more substantial backlog of content is ready.
What are the risks of earning passive income with crypto?
Buying a low-quality asset: Artificially inflated or misleading return rates can lure investors into purchasing an asset that otherwise holds very little value. Some staking networks adopt a multi-token system where the rewards are paid in a second token, which creates constant sell pressure for the reward token.
User error: As the blockchain industry is still in its infancy, setting up and maintaining these sources of income requires technical expertise and an investigative mindset. For some holders, it might be best to wait until these services become more user-friendly, or only use ones that require minimal technical competence.
Lockup periods: Some lending or staking methods require you to lock up your funds for a set amount of time. This makes your holdings effectively illiquid for that time, leaving you vulnerable for any event that may negatively impact the price of your asset.
Risk of bugs: Locking up your tokens in a staking wallet or a smart contract always carries the risk of bugs. Usually, there are multiple choices available with various degrees of quality. It is imperative to research these choices before committing to one. Open-source software might be a good starting point, as those options are at the very least audited by the community.
Closing thoughts
Ways to generate passive income in the blockchain industry are growing and gaining popularity. Blockchain businesses have also been adopting some of these methods, providing services commonly referred to as generalized mining.
As the products are getting more reliable and secure, they might soon become a valid option for a steady source of income.
Trading or investing in projects is one way to make money in the blockchain industry. However, that typically requires detailed research and a substantial investment of time – but it still won’t guarantee a reliable source of income.
Even the best investors can experience prolonged periods of loss, and one of the ways to survive them is to have alternative sources of income.
There are other methods than trading or investing that can help you increase your cryptocurrency holdings. These can pay ongoing income similar to earning interest, but only require some effort to set up and little or no effort to maintain.
This way, you can have several streams of income that, in combination with each other, can add up to a significant amount.
This article will go through some of the ways that you can earn a passive income with crypto.
What are the ways you can earn passive income with crypto?
Mining
Mining essentially means using computing power to secure a network to receive a reward. Although it does not require you to have cryptocurrency holdings, it is the oldest method of earning passive income in the cryptocurrency space.
In the early days of Bitcoin, mining on an everyday Central Processing Unit (CPU) was a viable solution. As the network hash rate increased, most of the miners shifted to using more powerful Graphics Processing Units (GPUs). As the competition increased even more, it has almost exclusively become the playing field of Application-Specific Integrated Circuits (ASICs) - electronics that use mining chips tailor-made for this specific purpose.
The ASIC industry is very competitive and dominated by corporations with significant resources available to deploy on research and development. By the time these chips arrive on the retail market, they are likely already outdated and would take a considerable amount of mining time to break-even.
As such, Bitcoin mining has mostly become a corporate business rather than a viable source of passive income for an average individual.
On the other hand, mining lower hash rate Proof of Work coins can still be a profitable venture for some. On these networks, using GPUs can still be viable. Mining lesser-known coins carries a higher potential reward, but comes with higher risk. The mined coins might become worthless overnight, carry little liquidity, experience a bug, or see themselves hindered by many other factors.
It is worth noting that setting up and maintaining mining equipment requires an initial investment and some technical expertise.
Staking
Staking is essentially a less resource-intensive alternative to mining. It usually involves keeping funds in a suitable wallet and performing various network functions (such as validating transactions) to receive staking rewards. The stake (meaning the token holding) incentivizes the maintenance of the network’s security through ownership.
Staking networks use Proof of Stake as their consensus algorithm. Other versions of it exist, such as Delegated Proof of Stake or Leased Proof of Stake.
Typically, staking involves setting up a staking wallet and simply holding the coins. In some cases, the process involves adding or delegating funds to a staking pool. Some exchanges will do this for you. All you have to do is keep your tokens on the exchange and all the technical requirements will be taken care of.
Staking can be an excellent way to increase your cryptocurrency holdings with minimal effort. However, some staking projects employ tactics that artificially inflate the projected staking returns rate. It is essential to investigate token economics models as they can effectively mitigate promising staking reward projections.
Binance Staking supports a wide variety of coins that will earn you staking rewards. Simply deposit the coins on Binance and follow the guide to get started.
Lending
Lending is a completely passive way to earn interest in your cryptocurrency holdings. There are many peer-to-peer (P2P) lending platforms that allow you to lock up your funds for a period of time to later collect interest payments. The interest rate can either be fixed (set by the platform) or set by you based on the current market rate.
Some exchanges with margin trading have this feature implemented natively on their platform.
This method is ideal for long-term holders who want to increase their holdings with little effort required. It is worth noting that locking funds in a smart contract always carries the risk of bugs.
Binance Earn offers a variety of options that let you earn interest in your holdings.
Running a Lightning node
The Lightning Network is a second-layer protocol that runs on top of a blockchain, such as Bitcoin. It is an off-chain micropayment network, which means that it can be used for fast transactions that aren’t immediately transferred to the underlying blockchain.
Typical transactions on the Bitcoin network are one-directional, meaning that if Alice sends a bitcoin to Bob, Bob cannot use the same payment channel to send that coin back to Alice. The Lightning Network, however, uses bidirectional channels that require the two participants to agree on the terms of the transaction beforehand.
Lightning nodes provide liquidity and increase the capacity of the Lightning Network by locking up bitcoin into payment channels. They then collect the fees of the payments running through their channels.
Running a Lightning node can be a challenge for a non-technical bitcoin holder, and the rewards heavily depend on the overall adoption of the Lightning Network.
Affiliate programs
Some crypto businesses will reward you for getting more users onto their platform. These include affiliate links, referrals, or some other discount offered to new users that are introduced to the platform by you.
If you have a larger social media following, affiliate programs can be an excellent way to earn some side income. However, to avoid spreading the word on low-quality projects, it is always worth doing some research on the services beforehand.
If you are interested in earning passive income with Binance, join the Binance Affiliate Program and get rewarded when you introduce the world to Binance!
Masternodes
In simple terms, a masternode is similar to a server but is one that runs in a decentralized network and has functionality that other nodes on the network do not.
Token projects tend to give out special privileges only to actors who have a high incentive in maintaining network stability. Masternodes typically require a sizable upfront investment and a considerable amount of technical expertise to set up.
For some masternodes, however, the requirement of token holding can be so high that it effectively makes the stake illiquid. Projects with masternodes also tend to inflate the projected return rates, so it is always essential to Do Your Own Research (DYOR) before investing in one.
Forks and airdrops
Taking advantage of a hard fork is a relatively straightforward tactic for investors. It merely requires holding the forked coins at the date of the hard fork (usually determined by block height). If there are two or more competing chains after the fork, the holder will have a token balance on each one.
Airdrops are similar to forks, in that they only require ownership of a wallet address at the time of the airdrop. Some exchanges will do airdrops for their users. Note that receiving an airdrop will never require the sharing of private keys - a condition that is a telltale sign of a scam.
Blockchain-based content creation platforms
The advent of distributed ledger technologies has enabled many new types of content platforms. These allow content creators to monetize their content in several unique ways and without the inclusion of intrusive ads.
In such a system, content creators maintain ownership of their creations and usually monetize attention in some way. This can require a lot of work initially but can provide a steady source of income once a more substantial backlog of content is ready.
What are the risks of earning passive income with crypto?
Buying a low-quality asset: Artificially inflated or misleading return rates can lure investors into purchasing an asset that otherwise holds very little value. Some staking networks adopt a multi-token system where the rewards are paid in a second token, which creates constant sell pressure for the reward token.
User error: As the blockchain industry is still in its infancy, setting up and maintaining these sources of income requires technical expertise and an investigative mindset. For some holders, it might be best to wait until these services become more user-friendly, or only use ones that require minimal technical competence.
Lockup periods: Some lending or staking methods require you to lock up your funds for a set amount of time. This makes your holdings effectively illiquid for that time, leaving you vulnerable for any event that may negatively impact the price of your asset.
Risk of bugs: Locking up your tokens in a staking wallet or a smart contract always carries the risk of bugs. Usually, there are multiple choices available with various degrees of quality. It is imperative to research these choices before committing to one. Open-source software might be a good starting point, as those options are at the very least audited by the community.
Closing thoughts
Ways to generate passive income in the blockchain industry are growing and gaining popularity. Blockchain businesses have also been adopting some of these methods, providing services commonly referred to as generalized mining.
As the products are getting more reliable and secure, they might soon become a valid option for a steady source of income.
📊The demand for #Leverage in Crypto is growing, a #BullishTrend that can spark a #liquidity #inflow
The total value of active loans in #lending protocols surpassed $7B for the first time since June 2022📈
The total value of active loans in #lending protocols surpassed $7B for the first time since June 2022📈
LENDING TOOL ON THE #NULS NETWORK
Nulswap promised the #lending tool and it has finally arrived. Within the Nuls network it's pioneering this issue. Now we can lend and borrow coins on its platform. Tools like this allow users to earn interest by lending their cryptocurrencies or even leverage their capital by borrowing. But remember, it's necessary to be cautious and have a good strategy. Through the website, you can already lend NULS and AINULS and borrow the #NULS crypto. However, I believe we'll have more options soon. After all, this platform was launched not long ago. Although many people are still not accustomed to this type of tool it's undeniable that this can generate many opportunities. So, did you like this update? Then leave a like and follow me for more.
FOLLOW THE OFFICIAL NULS YOUTUBE CHANNEL (NULS BLOCKCHAIN) TO FIND OUT MORE
$NULS $BTC $ETH
Nulswap promised the #lending tool and it has finally arrived. Within the Nuls network it's pioneering this issue. Now we can lend and borrow coins on its platform. Tools like this allow users to earn interest by lending their cryptocurrencies or even leverage their capital by borrowing. But remember, it's necessary to be cautious and have a good strategy. Through the website, you can already lend NULS and AINULS and borrow the #NULS crypto. However, I believe we'll have more options soon. After all, this platform was launched not long ago. Although many people are still not accustomed to this type of tool it's undeniable that this can generate many opportunities. So, did you like this update? Then leave a like and follow me for more.
FOLLOW THE OFFICIAL NULS YOUTUBE CHANNEL (NULS BLOCKCHAIN) TO FIND OUT MORE
$NULS $BTC $ETH
Embracing the Future of DeFi: Pac Finance on Blast Layer 2
I am writing this article about PacFinance, an innovative player in the decentralized finance (DeFi) landscape. If you're interested in becoming a part of our journey and exploring the myriad of opportunities Pac Finance offers, we invite you to join our team using the invitation code: 7B836.
In the rapidly evolving world of decentralized finance (DeFi), the launch of Pac Finance on the Blast Layer 2 (L2) network represents a significant leap forward, offering a unique blend of innovation, security, and user-centric features that stand out in the crowded DeFi landscape. Pac Finance is heralding a new era as the first self-paying lending and margin trading protocol on Blast L2, equipped with features that are designed to maximize user earnings and streamline operations in ways previously unimagined.
Revolutionizing Lending and Trading with Pac Finance
Pac Finance is engineered to offer a comprehensive suite of lending and trading solutions, focusing on dual automatic compounding and one-click leverage to optimize user investments. What sets Pac Finance apart is its commitment to passing 100% of Blast developer rewards back to its users, along with additional airdrops, making it an attractive platform for early adopters and seasoned DeFi enthusiasts alike.
Key Features of Pac Finance
Hybrid Lending: Pac Finance introduces a flexible lending model that incorporates both peer-to-peer and peer-to-pool lending, catering to diverse user preferences and risk profiles.Native Yield: Users have the opportunity to amplify their earnings through native yield mechanisms, a testament to the innovative underpinnings of the Blast L2 network.Gas Refund: In a move to enhance user satisfaction, Pac Finance ensures that the gas fees refunded by Blast are fully returned to the users, mitigating one of the common pain points in blockchain transactions.Developer Points Sharing: Emphasizing its user-first approach, Pac Finance redistributes Blast airdropped points entirely to its users, fostering a community-centric ecosystem.One-click Leverage: The platform simplifies the process of leveraging user positions, enabling higher earnings through a single-click operation.Self-repaying: Pac Finance's novel feature allows users to offset current debts with future earnings, enhancing financial flexibility.
Why Choose Blast? A Benchmark in Layer 2 Innovation
Blast L2 emerges as a beacon of innovation in the Layer 2 blockchain space, offering groundbreaking features that redefine the user experience and economic efficiencies of blockchain interactions.
Native Yield: At its core, Blast introduces Native Yield, a pioneering mechanism that boosts the earning potential within the blockchain arena. This feature facilitates a more efficient asset utilization, marking a significant advancement in passive earning strategies.Zero Gas Fee Experience: Blast tackles the challenge of gas fees head-on, providing a Zero Gas Fee experience to its users. This initiative significantly enhances the accessibility of the blockchain ecosystem, inviting a wider audience to explore the benefits of DeFi.
Pac Finance: A Secure and Open-Source Protocol
Pac Finance stands as a testament to security and transparency in the DeFi space. Subject to rigorous audits and built on a fully open-source foundation, the protocol ensures secure storage of funds through smart contracts verified and audited by reputable third-party firms. This level of openness not only guarantees the safety of user funds but also facilitates the development of custom third-party services and applications, enriching the ecosystem.
Conclusion
The introduction of Pac Finance on Blast L2 is a milestone in the DeFi industry, offering a unique blend of user-centric features, security, and innovation. As the first self-paying lending and margin trading protocol on Blast L2, Pac Finance is set to redefine the standards of decentralized finance, making it more accessible, profitable, and secure for users worldwide. In embracing Pac Finance and Blast, users are not just participating in the DeFi movement; they are stepping into the future of finance, today.
#Blast $BLUR #lending $ETH
In the rapidly evolving world of decentralized finance (DeFi), the launch of Pac Finance on the Blast Layer 2 (L2) network represents a significant leap forward, offering a unique blend of innovation, security, and user-centric features that stand out in the crowded DeFi landscape. Pac Finance is heralding a new era as the first self-paying lending and margin trading protocol on Blast L2, equipped with features that are designed to maximize user earnings and streamline operations in ways previously unimagined.
Revolutionizing Lending and Trading with Pac Finance
Pac Finance is engineered to offer a comprehensive suite of lending and trading solutions, focusing on dual automatic compounding and one-click leverage to optimize user investments. What sets Pac Finance apart is its commitment to passing 100% of Blast developer rewards back to its users, along with additional airdrops, making it an attractive platform for early adopters and seasoned DeFi enthusiasts alike.
Key Features of Pac Finance
Hybrid Lending: Pac Finance introduces a flexible lending model that incorporates both peer-to-peer and peer-to-pool lending, catering to diverse user preferences and risk profiles.Native Yield: Users have the opportunity to amplify their earnings through native yield mechanisms, a testament to the innovative underpinnings of the Blast L2 network.Gas Refund: In a move to enhance user satisfaction, Pac Finance ensures that the gas fees refunded by Blast are fully returned to the users, mitigating one of the common pain points in blockchain transactions.Developer Points Sharing: Emphasizing its user-first approach, Pac Finance redistributes Blast airdropped points entirely to its users, fostering a community-centric ecosystem.One-click Leverage: The platform simplifies the process of leveraging user positions, enabling higher earnings through a single-click operation.Self-repaying: Pac Finance's novel feature allows users to offset current debts with future earnings, enhancing financial flexibility.
Why Choose Blast? A Benchmark in Layer 2 Innovation
Blast L2 emerges as a beacon of innovation in the Layer 2 blockchain space, offering groundbreaking features that redefine the user experience and economic efficiencies of blockchain interactions.
Native Yield: At its core, Blast introduces Native Yield, a pioneering mechanism that boosts the earning potential within the blockchain arena. This feature facilitates a more efficient asset utilization, marking a significant advancement in passive earning strategies.Zero Gas Fee Experience: Blast tackles the challenge of gas fees head-on, providing a Zero Gas Fee experience to its users. This initiative significantly enhances the accessibility of the blockchain ecosystem, inviting a wider audience to explore the benefits of DeFi.
Pac Finance: A Secure and Open-Source Protocol
Pac Finance stands as a testament to security and transparency in the DeFi space. Subject to rigorous audits and built on a fully open-source foundation, the protocol ensures secure storage of funds through smart contracts verified and audited by reputable third-party firms. This level of openness not only guarantees the safety of user funds but also facilitates the development of custom third-party services and applications, enriching the ecosystem.
Conclusion
The introduction of Pac Finance on Blast L2 is a milestone in the DeFi industry, offering a unique blend of user-centric features, security, and innovation. As the first self-paying lending and margin trading protocol on Blast L2, Pac Finance is set to redefine the standards of decentralized finance, making it more accessible, profitable, and secure for users worldwide. In embracing Pac Finance and Blast, users are not just participating in the DeFi movement; they are stepping into the future of finance, today.
#Blast $BLUR #lending $ETH
Injective #lending market is now live!
Neptune Finance, a lending and borrowing platform on Injective, is now live on Mainnet.
Injective users can now lend for APYs or use holdings as collateral to borrow. This opens new possibilities for holders, #traders , yield farmers, #DAOs, arbitrageurs, and #Builders.
Coins available now include $INJ , $ATOM and $USDT
To use Neptune Finance on #Injective, you'll need supported wallets such as Keplr or Metamask. You can connect to the Injective blockchain using your wallet and navigate to the Neptune app on nept.finance.
Dive into neptune on mainnent:
https://app.nept.finance
Neptune Finance, a lending and borrowing platform on Injective, is now live on Mainnet.
Injective users can now lend for APYs or use holdings as collateral to borrow. This opens new possibilities for holders, #traders , yield farmers, #DAOs, arbitrageurs, and #Builders.
Coins available now include $INJ , $ATOM and $USDT
To use Neptune Finance on #Injective, you'll need supported wallets such as Keplr or Metamask. You can connect to the Injective blockchain using your wallet and navigate to the Neptune app on nept.finance.
Dive into neptune on mainnent:
https://app.nept.finance
It makes sense! Don't miss the "TRAIN".
#vowcurrency #vow #vowtochangetheworld
#staking #liquidityprovider #borrowing #lending #bigecosystem
#vowcurrency #vow #vowtochangetheworld
#staking #liquidityprovider #borrowing #lending #bigecosystem
Series 2 (P1): #Learn about low risk earning tools in the crypto market
In the last introduction part, I have already shared the Binance Earn Cheat Sheet which includes 9 different methods of earning passive income. (If you haven't read that post, you can take a look at the below image to know what methods I'm going to talk about)
Now, it's time to dive deeper in the first chapter:
Low risk tools
I mean, they are not hard, I guess.
With simple earn, you just need to register your stablecoin to earn passive income day by day. Or with Launch pool, you can do the same with stablecoin, to earn the featured token as profit (in case that coin goes bloom in the future, you got some extra profit). With Launchpad, normally requires you to hold an amount of BNB to be qualified to earn (rewarded as token)
If it's that simple, then what is the point of this article?
I can tell you that, if you buy any coin in spot trading, and you keep it in your spot wallet, they are all dead money! Am I talking about staking these coins? No, with 1% of APR, it's suck!
Here comes the #lending
Do you know that, if you have an amount of (e.g) Bitcoin, or Etherium or any coin or token in your wallet, you can use them to borrow stable coin from Binance with a very low fee?
With lending, you can borrow up to somewhere 70% of stablecoins according to your coin value.
Let's say you have 100 USD value in BTC, you can borrow 70 USDT and send that money to any other earning tool with higher APR than what flexible earn provides you (the highest one I saw in the past was in Launch pool, about 2 years ago, the APR was around 35% if I wasn't wrong)
Too long, didn't read:
You already had some coins to hold -> borrow USDT with these coins as mortgage -> register USDT to some higher APR% to optimize earning profit
Warning: Should not do this in extreme bear market
When your coin price drops below a certain point, but you haven’t repaid your lending, Binance will #liquidate your asset to automatically repay.
Although you can just use the USDT you borrow to immediately buy back the coins, it will be a waste in terms of trading fee
In the next part, there will be more wonderful and technical things to come up. Follow to #LearnAndGrow #Write2Earn
Now, it's time to dive deeper in the first chapter:
Low risk tools
I mean, they are not hard, I guess.
With simple earn, you just need to register your stablecoin to earn passive income day by day. Or with Launch pool, you can do the same with stablecoin, to earn the featured token as profit (in case that coin goes bloom in the future, you got some extra profit). With Launchpad, normally requires you to hold an amount of BNB to be qualified to earn (rewarded as token)
If it's that simple, then what is the point of this article?
I can tell you that, if you buy any coin in spot trading, and you keep it in your spot wallet, they are all dead money! Am I talking about staking these coins? No, with 1% of APR, it's suck!
Here comes the #lending
Do you know that, if you have an amount of (e.g) Bitcoin, or Etherium or any coin or token in your wallet, you can use them to borrow stable coin from Binance with a very low fee?
With lending, you can borrow up to somewhere 70% of stablecoins according to your coin value.
Let's say you have 100 USD value in BTC, you can borrow 70 USDT and send that money to any other earning tool with higher APR than what flexible earn provides you (the highest one I saw in the past was in Launch pool, about 2 years ago, the APR was around 35% if I wasn't wrong)
Too long, didn't read:
You already had some coins to hold -> borrow USDT with these coins as mortgage -> register USDT to some higher APR% to optimize earning profit
Warning: Should not do this in extreme bear market
When your coin price drops below a certain point, but you haven’t repaid your lending, Binance will #liquidate your asset to automatically repay.
Although you can just use the USDT you borrow to immediately buy back the coins, it will be a waste in terms of trading fee
In the next part, there will be more wonderful and technical things to come up. Follow to #LearnAndGrow #Write2Earn
#lending Platforms were like #Ponzi .
The court report shows that Celsius' lending to the USDT issuer Tether grew to over $2 billion in 2021, it also made unsecured loans to players such as Anchorage, Flow Traders, Galaxy Digital and an FTX subsidiary.
#crypto2023
-TheBlock
The court report shows that Celsius' lending to the USDT issuer Tether grew to over $2 billion in 2021, it also made unsecured loans to players such as Anchorage, Flow Traders, Galaxy Digital and an FTX subsidiary.
#crypto2023
-TheBlock