Hi guys, I would like to present a strategy that I’m using to make money from my BNB. I develop this from the previous strategy, I borrow BUSD on #dev then open a leveraged farming position on Alpaca. Please apply at your own risks.
I deposited 11.29 BNB into #dev and wait until BNB/BUSD fall to 295, then I borrowed 1,000 BUSD.
2. Open a leveraged farming position on Alpaca using VAI-BUSD(PancakeSwap) pool.
Of coure you can use other pools with higher APY, but I prefer stablecoin-stablecoin pools to secure my position from being liquidated.
Create your own strategy and share it to the community!
Each money-making strategy using #dev DeFi is an use case of the protocol, we always want to share more strategies to our community so #dev’s users could find the best way to utilize their assets.
Strategy Innovation event aims to help develop more use cases of #dev DeFi and spread it widely by encouraging everyone to create and share their strategy. The creativity of the community and chances to make money with Dapps are unlimited.
Creating a Short/Long position is the most basic strategy when using lending protocol, in this case I’m using #dev and Venus to create a short position. You can borrow BNB with BUSD as collateral on #dev. Here is how my strategy work.
Open a Short position:
How Lending & Borrowing interest rates are calculated.
Lending and Borrowing interest rates are calculated due to Utilisation rate.
Utilisation Rate = Total Borrow / Total Lend
At low Utilisation rate, the Borrowing rate is calculated after below formula:
Borrowing Rate= rf +2 ∗ Utilisation Rate ∗ rf
Borrowing interest rate model of #dev DeFi uses the Kick parameter which follows a jump rate model. …
We publish this article to wrap up the vision of #dev DeFi since many of you have questioned us how to buy DEV token. This may answer all of your wonder about #dev DeFi’s vision and tokenomics at this moment.
Our intention is to build a fully decentralized protocol that can run by it-self without having any native token. DEV token will be released once and only when the community of #dev is strong enough to form a DAO governance.
Pioneering projects on Ethereum: Compound, MakerDAO, Uniswap, etc. …
Hi guys! 👋
The 2nd strategy guide to be introduced is a strategy to make use of BUSD utilization that help you to reach 15% APY and preserve BUSD at the same time by opening a borrowing position on #dev DeFi.
It’s a basic strategy but very effective, without further ado, let’s find out how you can increase your profit from holding a stable coin to 15% per year.
Step 1: The first step is deposit BUSD as collateral to borrow CAKE on #dev DeFi.
Step 2: I borrow CAKE at 20% APR, the loan’s value is 20% of my…
We have collected strategies for all users of #dev DeFi, when using #dev to make money. Strategy below are presented by one of our very first user.
It’s a simple strategy. This strategy allows BNB hodlers to receive rewards from Pancakeswap.
#dev DeFi announces Early Bird Event with the total prize of 300 BUSD that will go to 3 lucky winners (100 BUSD each) for using #dev DeFi protocol.
The event is an added incentive for users to try out #dev DeFi and feedback to help us improve the protocol.
We will randomly choose 3 lucky addresses that have engaged with our protocol to share $300 BUSD prize. …
#dev DeFi protocol enables users to borrow Binance Smart Chain assets like BNB, BUSD, CAKE by collateralizing other supported assets. Users now can trade, stake or perform liquidity farming on other platforms to earn profit with an asset that they don’t actually own.
This article will guide you to borrow assets from #dev DeFi step-by-step.