Partnered With:

Vee Finance: Avalanche lending agreements restarted

Read this article in 17 Minutes

With the further development of DeFi, the gateway to the digital currency world for traditional financial users will be transformed from a trading platform to a blockchain version of a banking/lending platform.

On November 16th, at 6pm, Grant Reistad, CMO of Vee.Finance, a DeFi lending platform, held an online chat with his users to explain how to conduct lending and leveraged trading in Vee.Finance.

Vee Finance is a DeFi lending platform for both traditional financial users and crypto users. Compared with Compound and Aave, Vee.Finance has the advantage of ensuring the transaction depth of the platform and promoting the efficient use of capital by integrating DEX and cross-chain.

The following is a transcript of the online conversation

BlockBeats: Hi Grant Reista, please introduce yourself. Why are you entering DeFi?

Grant Reista:Hi, I'm Grant Reistad. I lead the marketing team at Vee.Finance. I'm a banking veteran, having worked at GE Capital, GE Money, Discover Financial, and other Financial institutions. Our team is composed of blockchain practitioners from the world's top fintech companies with years of banking experience.

We believe that deposits and loans, as the most basic financial needs, will exist for a long time, beyond the bulls and bears. With the further development of DeFi, the gateway to the digital currency world for traditional financial users will be transformed from a trading platform to a blockchain version of a banking/lending platform.

Therefore, we want to deploy a DeFi lending platform to lower the barrier for traditional financial users to participate in DeFi through a more user-friendly product experience.

BlockBeats: We can introduce vee. Finance briefly first. What are the advantages of vee. Finance?

Grant Reista:Vee Finance protocol draws on the practice of traditional capital pools of financial institutions to solve liquidity problems by constructing different underlying Token pools to achieve rapid aggregation of loan demands. Tokens have a time value and through powerful interest instruments allow suppliers and borrowers to achieve a time and value exchange of financial tokens.

We are committed to bridging the gap between traditional finance and DeFi and providing users with better digital asset management services. Compared to traditional loan services currently available in the market, we offer :& NBSP;

- Multiple public chains and cross-chains are supported, and vee. Financ enables Token transfers across multiple public chains, helping users maximize revenue.

- New fixed rate deposit options for traditional financial users will also be available soon.

BlockBeats: Why DeFi on Avalanche chain? Avalanche's advantage?

Grant Reistad:Avalanche is extremely scalable compared to other public chains, with over 4500 TPS; Fast confirmation time, extremely low gas costs, a more user-friendly environment for most users. In addition, Avalanche has been working hard to build the DeFi ecosystem, which is good for Vee Finance.

From a market development perspective, the Avalanche ecosystem is also growing rapidly, including wallet, DeFi, Layer2, cross-chain, storage, NFT, stable currency, and many more. This also provides Vee Finance with abundant users and asset classes for its future development.

BlockBeats: What do you think of the multi-chain era? At present, many projects will choose multi-chain launch. Will Vee.Finance choose multi-chain launch in the future?

Grant Reista:Mortgage lending is a clear and growing track of demand, but the potential of the overall DeFi loan market is far from being fully unleashed. The biggest bottleneck is liquidity fragmentation -- liquidity is dispersed across different public chain ecosystems, which greatly limits the further expansion of the DeFi loan market. This is why most projects choose to launch on a multi-chain basis. Avalanche was our starting point, and now that we have deployed the BSC test network, we will soon deploy more public chains to attract more assets to our platform.

BlockBeats: V2 was launched a month ago. You can imagine that V2 will be more secure. Can you tell us what security improvements V2 has made?

Grant Reista:Security at Vee.Finance is our top priority and the team is focused on building reliable and secure protocols. The team focuses on building reliable and secure protocols. We are pleased to share with you the steps we have taken to ensure the security of our platform funds.

- Security audit. Vee.finance Smart contract code passed the SlowMist security review. It was important for us to conduct a full audit of the protocol to enhance security, and SlowMist did a full audit not only of the smart contract code, but also of all security-related steps.

- Prophecy machine. The Vee.Finance protocol has been integrated with Chainlink, and the Vee.Finance pool now supports Chainlink's various tokens for price feedback, making it virtually impossible for an attacker to manipulate the price of BTC or ETH.

- Monitor on-chain and off-chain activities. We have updated our services to continuously monitor suspicious activity in the pool and have dedicated staff monitoring the back end 24/7. In case of suspicious fund transfers, we will immediately trace the source of funds and take appropriate measures to ensure the security of the fund platform.

- Internal testing. Before going live, we had done detailed unit testing internally, testing all the features and realizable scenarios so that the attack would not succeed.

With these measures in place, we are very confident vee.Finance is safe and reliable and welcome every one of our supporters to use it and enjoy Vee rewards.

BlockBeats: Can you tell us about the ways users can make money in Vee.Finance?

Grant Reista:Users are rewarded for all contributions to vee. Finance. Including: & have spent

1. Liquidity mining. Users who provide assets on vee.Finance will receive interest and mining rewards. For borrowers, although they will have to pay interest on the loan, the return will be enough to cover the cost of borrowing. It is worth mentioning that Vee.Finance has introduced stable pools, which are more user-friendly for users who prefer low risk, and can even use revolving loans to increase leverage and amplify returns.

2. mining. Users are also rewarded when they provide liquidity in the Farm pool, currently vee-USDT. Annual returns of more than 498 percent. In addition, since the pool is provided by Pangolin, users can receive both VEE and PNG rewards. It is worth mentioning that we recently launched a campaign to invite friends to Farming on Vee to receive airdrops. We welcome your active participation.

3. The pledge. VEE Token holders can pledge vees in Vee.Finance and receive rewards. We have developed a strategic pledge ratio for VEE holders, including four pledge stages.

- A 90-day pledge yields 10% VEE returns

- pledge for 180 days generates 25% VEE revenue & NBSP;

-Pledge VEE revenue of 50% of 360 days revenue & NBSP;

- Pledge 361+ days to generate 200% VEE gains & NBSP;

Users can withdraw their tokens at any time, and the reward rate is calculated on a daily basis.

BlockBeats: vee. Finance has just completed ID0, can you share the result of ID0 this time?

Grant Reista:ID0 was conducted on Cobak for a total of $200,000. ID0 was so popular that users snapped it up within five minutes. Thank you for your support! There may be a new round of ID0s in the future, please follow us on Twitter or Medium for more details.

BlockBeats: Vee.Finance Token economy?

Grant Reista:VEE will issue 10,000,000,000 tokens.

Seed round: 10.0% & have spent

Private A: 5.0% & have spent

Private B: 4.0% & have spent

For public sale :1.5%& NBSP;

Flow mining at AVAX :15.0%& NBSP;

Reserves: 44.5% & have spent

Team: 10.0% & have spent

Consultant: 3.0% & have spent

Marketing :7.0%

BlockBeats: Vee.Finance what are your plans in the near future?

Grant Reista:We have several key objectives. Things like the ongoing Thanksgiving event, the deployment of BSC, the launch of fixed rate products and listing on more trading platforms. Our goal is to always serve the community, and we want to continually improve our interface, product offerings and functionality to provide a great user experience.