Introduction to #dev DeFi | Decentralized Finance Protocol on Binance Smart Chain.
What is #dev DeFi?
#dev DeFi is an aggregate Lending & Borrowing protocol. The protocol is fully decentralized and open-source on the Binance Smart Chain (BSC).
Since the recent trend on Binance Smart Chain (BSC) has been focused on YEILD farming most of new Dapps build on BSC are farming platforms which connect others platform or just simply fork from Pancakeswap. The ecosystem of BSC is essentially lack of Lending & Borrowing choices.
The vision of #dev DeFi is to aggregate different protocols to optimize Lending APY to users; to lend and borrow from #dev DeFi users will do it through vaults, each vault has different strategy and connects to different protocol to earn profit. The purpose of this is within an asset lenders will have many choices of where to deposit their asset.
In the early stage, #dev DeFi aims to help users borrow CAKE, BNB, BUSD at low borrow interest rates and earn rewards from their collateral at the same time.
➡️ Website: devdefi.finance
Genesis vaults
Genesis vaults are vaults in which assets are not deposited to any other platforms or smart contracts. The main reason is that assets deposited to other platforms are subject to risks and changes of the other platforms. The downside of the Genesis vault is its probably low APY; however, Genesis offers low transaction fees and safety of capital.
DEV token
The tokenomics is to be confirmed. However, surely, users who join #dev DeFi before DEV token is released will still receive their fair shares of DEV token thanks to the retrospective token distribution during the genesis token release.
DEV token will be used to build a DAO governance in the future.
Join us
Website: https://devdefi.finance/#/
Telegram: https://t.me/devdefiofficial
Twitter: https://twitter.com/devDeFi_BSC
Strategy Guides:
→ #1 Strategy guide: Make 20% profit from BNB https://devdefi.medium.com/1-strategy-guide-to-make-profit-from-bnb-using-dev-defi-6057e92ae51d
→ #2 Strategy guide: Make 15% profit from BUSD https://devdefi.medium.com/2-strategy-guide-reach-15-apy-on-busd-using-dev-defi-d1776a0a3cb8
