Did you know? You can maximize your gains from Binance #launchpools ,#Megadrop and #HODL'er airdrops without holding BNB.
But how? š¤
The secret lies in Venus Protocol! š
Venus is a highly audited and secure DeFi money market with over $3 billion in Total Value Locked (TVL). It allows users to borrow $BNB against assets like $USDT, $USDC, $BTC, $ETH, $XVS, and many other cryptocurrencies.
Quick Guide to Get Started š
Head to App.venus.io and connect your Web3 wallet.
Navigate to the "Core Pool" Tab and select the crypto asset you want to deposit. (You can withdraw your assets anytime.) Choose from a variety of options like $BTC, $USDT, $USDC, $ADA, $ETH, $DAI, $TRX, and more.
Deposit the Asset and click on the "Enable Collateral" button. This action allows the protocol to use your asset as collateral so you can borrow $BNB against it. To avoid liquidation risk, always borrow no more than 60% of your total collateral value.
Borrow $BNB: Click on the $BNB asset in the Core Pool tab, then click "Borrow," enter the desired amount, and confirm the transaction. The $BNB will appear in your wallet.
Maximize Your Gains: Transfer the $BNB to your Binance account and lock it in #SimpleEarnProducts Earn. When the Launchpool or Megadrop event concludes, withdraw your $BNB, repay your loan, and retrieve your collateral from Venus or Keep it there to earn interest!
This strategy is a favorite of mine, as new Binance listings can be highly profitable! š
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