I am a lover of passive income, if you follow me you will already know. I keep publishing and getting into activities that generate daily dividends, even if they are small, but the cash flow cannot stop.
If there is something in this world that irritates me considerably, it is having the money stopped. When I see 30 or 40 dollars in a wallet resting, sleeping, unproductive ... They take the demons.
If you like to save and you want those savings to stay productive, I will briefly explain how to achieve this with Venus.
The Venus platform is one of the most consistent vaults yet, a website specializing in decentralized finance and microloans. Naturally, they are eager to find investors who will give them liquidity and establish collateral in Stablecoins.
To use it we will need a Wallet that can move in the Binance Smart Chain, as is the case of Metamask or Trustwallet and have capital. No more sleeping all day.
USDT has the best percentage alongside BUSD. These cryptocurrencies can be obtained from Binance or in any Exchange.
The master move must consist of two things:
- The first is to add collateral in USDT. It has an APY of 17%. It is usually kept at this amount. By adding our capital in the liquidity pool from the control panel, we will get interest on the loans granted by the platform to users who ask for money. All our profit will be received in the form of XVS, the governance token of Venus.
- Additionally, this XVS can be exchanged for VAI, on another platform, since Venus does not have its own Exchange. We can do it directly from Metamask or Trustwallet but it will be more expensive. I suggest doing it from Pancakeswap.
We will put all the VAI that we obtain in Staking to generate daily dividends in the form of XVS.
I have left you two images so that you can see where to do each thing. Collateral is added in the Dashboard and staking in the Vault tab. It is a good strategy to ensure that our interests in XVS received by having a collateral in Venus, continue to produce.
Posted Using LeoFinance Beta
You can actually mint VAI on Venus respective to the collaterals you provided.
Looking forward to your next BSC DeFi ;)
Posted Using LeoFinance Beta
thanks for your help.
Posted Using LeoFinance Beta