Earning Yield with Venus Protocol
Earn yield on BTC, ETH, USDT, and other top cryptocurrencies on Velvet Capital by lending out assets to Venus Protocol. Venus is the largest lending protocol on BNB Chain.
At Velvet Capital, our goal is to bring Asset Management on-chain. To execute our mission, we must partner with the top DeFi Yield Farming Protocols.
To find you the best and safest yield on BNB Chain, we integrated Venus Protocol Lending. You can earn yield on Stablecoins and Crypto Tokens in Venus’s Core Protocol through lending.
What is Venus Protocol?
Launched in 2020, Venus Protocol has become the DeFi Lending/Borrowing lender on BNB Chain with more than $1.7B in supply and over $900M in available liquidity.
The three main aspects Venus focuses on is:
Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed.
The protocol sets interest rates in a curve yield, where APY is automated based on the demand of the specific market, such as Bitcoin or USDT.
How Venus works on Velvet Capital
When you supply assets to a Venus pool on Velvet, the assets are sent to a smart contract on BNB Chain, and can withdraw or trade the yield farming assets in Velvet at any moment.
Venus is one of our oldest partners and was even one of the top vaults on our V1 with “Yield By Venus.”
However on the V2, as a Vault Manager, you can choose from 19 different lending assets from Venus, including vBTC, vETH, vUSDC, vUSDT, and many others with APYs varying based on the asset and market.
Current Yields for some Venus Protocol Lending Assets on Velvet:
BTC: 0.43% APY
ETH: 1.8% APY
USDC: 13% APY
USDT: 13.25% APY
DAI: 8.8% APY
TRX: 4% APY
DOT: 1.5% APY
MATIC: 0.6% APY
LINK: 0.4% APY
Simplify your on-chain Portfolio Management and earn 2x the Airdrop Reward while you still can!
By having Venus Protocol Crypto Assets in your vault, Velvet users can earn additional yield on many top Crypto Assets and maximize your returns.
Velvet Capital passed $1M in TVL and currently at $2,280,000, up about 42.5% in the past week!
We also have an Airdrop on the way and are running our liquidity mining program on the V2 where depositors are currently receiving a 2x Airdrop Bonus during the first $5M TVL (trackable in our in-app tracker and updated daily). With the Airdrop, users of Velvet Capital are increasing the return in their vaults.
Currently, Velvet Capital is live on BNB Chain, and expanding the blockchain ecosystem shortly! Stay tuned for some big announcements regarding our progressively omnichain expansion in the next few weeks.
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