CAKE loans on Venus, the biggest lending agreement on the BNB chain, saw their annual interest rate soar to 167.37%

According to BlockBeats, Feb 9, the annual interest rate for CAKE loans on Venus, the largest lending agreement on the BNB chain, soared yesterday from 42.05% to 167.37%, with total loan originations soaring from $9.91 million to $17.24 million. As previously reported by BlockBeats, Aptos Eco NFT marketplace BlueMove announced that it will raise US $400,000 (in CAKE terms) at PancakeSwap platform IF0 on February 9 from 12:00 to 14:00 UTC; 10 million MOVE tokens will be sold, accounting for 3.33% of the total MOVE supply; The sale price is $0.04 per MOVE. Participants are required to hold a CAKE Token on the Aptos chain.