Vires.finance — a non-custody decentralized liquidity protocol, based on the Waves blockchain, where users, wallets and decentralized applications can participate as savers or borrowers. Depositors provide liquidity to the market to generate passive income, while borrowers can borrow with excess collateral.
Contents:
Description of the Vires.finance project
Vires.finance uses a common pool mechanic, whereby all deposited funds are equally involved in interest-bearing activities. Based on Waves Bockchain, it uses extremely low fees, making it very attractive for both large and small deposits and loans.
Other features of this defi app:
| 1 | To use the service, you simply provide your preferred assets. Once delivered, you will receive passive income, based on market demand for borrowed funds. |
| 2 | Escrow allows you to borrow other assets, using your escrowed assets as collatera. |
| 3 | In addition, some tokens (such as WAVES and USDN) are safely hosted in the ecosystem to generate additional income for contributors.. |
Your funds are in the smart contract system. The smart contract code is public, open source. You can withdraw your funds from the pool or export a tokenized (vTokens) version of your creditor position.
Connect your wallet and click "Deposit" for the asset you want to deposit on the home page. Select the amount you want to deposit and click the "Confirm" button. Your income is displayed as an increase in your deposit with each block (~ 1 minute). There is no special field for this or an airdrop procedure in the interface - it's just that your resource grows over time. By borrowing, you can get liquidity (working capital) without having to sell your assets that you want to hold on to. The main purposes of borrowing - new investment opportunities, arbitrage trading, hedging and management participation. For example, assets can be borrowed and used in AMM pools for higher returns, for margin trading, or required for immediate use.
vToken and other information about this coin defi
vToken represents your share of the total deposit of one asset. Once you have deposited funds into the protocol, you can export your deposit as the equivalent of a vToken if you wish to move or exchange your creditor position. vTokens - interest-bearing tokens, meaning their value steadily increases as the interest rate is applied to open loans. You can get more information about the project through the introductory document and WhitePaper. It provides a general description, answers to questions and more about this defi chain.