'Venus Protocol Launches $1 Million Dollar Grant Program to Promote Innovation in DeFi ' blockchain defi
, Binance Smart Chain’s leading DeFi lending protocol, is introducing a grants programme to stimulate innovation within its ecosystem, encouraging DeFi breakthroughs that will lay the groundwork for wider institutional use in a multi-chain environment.
The funding programme supports a broad range of activities, including developing core protocol and additional projects built on creating alternative frontends and apps that integrate Venus, developer tools, code audits, and bounties. Proposals that focus on the community, such as instructional material grants and hosting events and hackathons, will also be considered.We’re especially excited to support applications that build upon the core Venus smart contracts.
To secure the protocol, Venus borrows against crypto assets using collateral provided by the market and mints synthetic stablecoins with over-collateralized positions backed by a basket of cryptocurrencies. This creates a safe loan environment by paying lenders a compounded yearly interest rate per block while borrowers pay interest on the coin they borrow.Crypto assets underlying value may rise or fall, but they do not earn interest if they lie idle in wallets.
When you take out a bank loan, you must have collateral to back up your loan. The automobile, for example, is collateral for a car loan. The bank will confiscate the car if the user defaults on the loan. The decentralized system is similar; the main difference is anonymity and does not need any tangible assets as collateral. The borrower must provide something of value than the loan amount to get a loan.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
The 'morning star' Venus returns to the dawn sky this monthJoe Rao is Space.com's skywatching columnist, as well as a veteran meteorologist and eclipse chaser who also serves as an instructor and guest lecturer at New York's Hayden Planetarium. He writes about astronomy for Natural History magazine, the Farmers' Almanac and other publications. Joe is an 8-time Emmy-nominated meteorologist who served the Putnam Valley region of New York for over 21 years. You can find him on Twitter and YouTube tracking lunar and solar eclipses, meteor showers and more. To find out Joe's latest project, visit him on Twitter.
続きを読む »
2022 Is a Venus Year; Here's What That Means for Your Sign | Well+Good2022 is a Venus year, which means there's a focus on love and relationships. Here, learn what an astrologer says your sign can expect.
続きを読む »
How Crypto’s Original Bubble Boy Rode Ethereum And Is Now Pulling The Strings Of The DeFi BoomNow he’s pulling the strings, and raking in hundreds of millions, from a blockchain rage called DeFi, which promotes the fantasy of democratized financial services.
続きを読む »
OAuth2.0 Grants — Cheatsheet for WSO2 Identity Server or Asgardeo | HackerNoonOAuth2.0 is still the most commonly used specification in the area of application security. Hence, this cheat sheet will help you with important code commands.
続きを読む »
9 Best Java Online Courses to Learn Programming for Beginners | HackerNoonIn this article, I am going to share some of the best Java courses beginners can join to learn Java.
続きを読む »