Venus BETH (VBETH) ? Complete Guide Review About Venus BETH

What is Venus BETH (VBETH) ?

Venus BETH (VBETH) is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain. Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies.

Venus BETH (VBETH) 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. These interest rates are set by the protocol in a curve yield, where the rates are automated based on the demand of the specific market, such as Bitcoin.

Venus BETH (VBETH) The difference of Venus from other money market protocols is the ability to use the collateral supplied to the market not only to borrow other assets but also to mint synthetic stable coins with over-collateralized positions that protect the protocol. These synthetic stable coins are not backed by a basket of fiat currencies but by a basket of cryptocurrencies. Venus utilizes the Binance Smart chain for fast, low-cost transactions while accessing a deep network of wrapped tokens and liquidity.

Venus BETH (VBETH) Coin Storage Key Points

Money Markets built on Binance Smart Chain

Venus BETH (VBETH) You can now tokenize your assets utilizing the Binance Smart Chain and receive portable vTokens that you can freely move around to cold storage, transfer to other users, and more.

Access Instant liquidity on Venus

Use your vToken collateral to borrow from the Venus Protocol instantly with no trading fees, no slippage and directly on-chain. With Venus, you have on-demand liquidity available globally.

Earn Interest on Your Assets

Venus BETH (VBETH) Funds held within the protocol can earn APY’s based on the market demand for that asset. Interest is earned by the block and can be used as collateral to borrow assets or to mint stable coins.

Solutions

Venus BETH (VBETH) Creating a protocol that enables a traditional money market tied into synthetic stablecoin generation will lead to accessibility and benefit of locked collateral. Venus will enable anyone to utilize a high-speed and low transaction cost blockchain by leveraging Binance Smart Chain[4] to supply collateral, earn interest on that collateral, borrow against that collateral, and mint stablecoins on-demand within seconds.

These solutions all happen directly on the blockchain and may be utilized using a GUI. This protocol unlocks billions of dollars in value that are currently on-chains that have no lending markets such as Bitcoin, XRP, Litecoin, and more while enabling the participant to access liquidity in real-time.

Use Cases

Venus BETH (VBETH) Alice wants to buy her new dream house, but the bankers have declined her application. Alice has been a cryptocurrency advocate for years and has a good portfolio, but doesn’t want to expose herself to capital gains tax to sell the asset and not earn any potential appreciation. Then again, Alice believes in the underlying technology of cryptocurrencies as she believes in the mid and long-term growth of the asset class. So what does Alice do? She can’t use her bank to borrow money from her asset class. She can’t sell at the moment and expose herself to taxes and missing opportunities.

Key Features :

Borrow cryptocurrencies and stable coins with no credit check and fast origination directly on Bianca Smart Chain

Supply cryptocurrencies and stable coins and earn a variable APY for providing liquidity the protocol that is secured by over-collateralized assets.

Mint stable coins from your supplied collateral that can be used at over 60 million locations worldwide through the Swipe platform and more.

Controlled by the Venus Token, a governance token designed to be a fair launch distribution for the community