Vee.Finance Beta Launch：Over 6,000 Participating Users, New Wallet Addresses Account for Over 11% of Avalanche Ecosystem

Vee.Finance is the first DeFi lending protocol alive on Avalanche public chain. Since the Beta version was launched on July 10, it has received a lot of positive comments and feedback suggestions from community.

Up to now, more than 6,000 users have participated in the beta testing.

According to Explorer data, as of July 27, there are 7,430 new wallet addresses on Vee.Finance, and 66,034 total wallet addresses on Avalanche, accounting for more than 11%.

During the test period, more than 6,000 users contributed 41349 transactions.

It is worth mentioning that Vee.Finance brought 13,000 transactions to its cooperative DEx platform, Pangolin.Exchange.

Vee.Finance Beta has got strong community support because of the following 3 features：

Lowered the threshold for DeFi participation: Unlike other DeFi lending applications, Vee.Finance is based on the Avalanche network and has a very low transaction fee, a TPS of 4,500+, which greatly lower the threshold for participants. Borrowing and trading, providing users with small amounts of capital the opportunity to participate in DeFi.

Extremely high capital utilization: Vee.Finance’s unique lending + DEx model provides a transaction scenario for lending and borrowing, which greatly increases the frequency and scale of lending and thus capital utilization. Vee.Finance offers up to 3x leverage to trade, and leveraged trading will go live in next several months.

Convenient and safe trading experience: the simple and easy-to-understand UI allows users to complete long or short trading/ stop-loss setup in one step, minimizing the threshold for new users; in terms of fund security, the Vee.Finance smart contract code has passed the audit by Certik.

Vee.Finance has completed multi-million dollar seed round, led by Huobi Ventures Blockchain Fund and Avalanche Asia Eco Fund AVATAR. In order to encourage more users to participate in Beta testing, Vee.Finance released its first airdrop campaign on July 26th, early contributors will share 60,000 platform coins reward, please pay attention to Vee.Finance official media platform for details of the campaign.

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Email： contact@vee.finance