Vee.Finance Version Upgrade
Vee.Finance Version Upgrade: A New Leveraged Trading Experience
Since the Vee.Finance Beta was launched on July 10, Vee.Finance has reached a cumulative user base of nearly 10,000 and the cumulative number of trades exceeded 140,000. In order to keep meeting the continuously growing and diversifying needs of its users, Vee.Finance decided to upgrade its version.
The new version addresses several strategic issues: the introduction of leveraged trading, optimization of the UI interface, and the receiving address of the faucet.
Increase funds utilization with leveraged trading
Compared to other DeFi lending apps, Vee.Finance is innovative in fully linking lending agreements and leveraged trading, combining them to provide direct borrowing usage scenarios and leveraged trading services to maximize capital utilization. the lending agreement locked funds in Vee.Finance provides natural liquidity for leveraged trading and Vee.Finance currently offers up to 3x leverage to open positions, with users having the freedom to go long or go short.
Assuming a user holds AVAX but is bearish on LINK. then the user can supply their AVAX as collateral with Vee.Finance and then borrow LINK and exchange it for AVAX (with or without leverage) and if AVAX rises and LINK falls, that user will receive a correspondingly larger gain.
The current portfolio of crypto assets is supported on Vee.Finance, besides the common WBTC, ETH, LINK, AVAX. Considering the existence of many different kinds in the market (TUSD, USDT, USDC, etc.), Vee.Finance will launch a stable coin area, which solves the need for mutual exchange between crypto users in stable coins and is also one of the ways for users to participate in liquidity mining with low risk.
Vee.Finance smart contracts have been integrated with external DEX such as Pangolin for exchange between assets. Each time a trade is made on Vee.Finance, the trade will be executed on the DEX and the entry or exit price will be calculated in the same way as the price is calculated on Pangolin. Therefore, you need to pay attention to the liquidity and stability of your target trading portfolio on DEX. When liquidity supply is low, trades may experience large slippage.
Ultimate user experience
The new version will update the appearance of the entire platform and add more functions within the Dapp so that the platform can provide users with more information and choices. In order to show the user more information related to the current decision, a new card page will pop up when the user command is executed.
The most important update of this UI is on the transaction page. As a collection of DEx’s lending agreements, we have made the “Trade” function more visible, so you will see “Trade” in the first level navigation bar on the left. In the main view of the Trade page, we have added a drop-down box so that users can quickly find the crypto portfolio they want to observe or trade.
In addition, market information that must be observed when making trading decisions has been added to the trade page, including exchange ratios, current crypto asset prices, market liquidity, lending rates, and 7-day price K-line charts. For the Stop Loss/Profit settings, the operation of manually entering values has been added, allowing users to set the Stop Loss/Profit points more precisely.
The main view of supply and borrow will be more concise, with the left navigation bar of supply and borrow directly changed to “Supply” and “Borrow”. The user “Dashboard” has also been upgraded. Instead of switching between “Supply” and “Borrow”, everything will be displayed in the dashboard, allowing users to see their current crypto supply and borrow and the portfolio of assets being traded, making it easier for them to manage their positions.
It is worth mentioning that in the new version, we have also put the faucet address on the front page, so you can collect test tokens in the secondary menu bar of “More”, but for the gas fee (AVAX), you need to go to https://faucet.avax-test.network /.
For Vee.Finance team and the whole community, the new version is very much worth waiting for. We’re also looking forward to sharing more good news about product upgrades, feature enrichment, and partners! Join the Vee.Finance community for live updates on the project!
About Vee Finance
Vee.Finance is a DeFi lending platform for traditional financial and crypto users. We are committed to bridging the gap between traditional finance and DeFi and providing users with better digital asset management services. Users can participate in deposits, loans, long and short positions, and as well as other functions. Our mission is to reduce barriers for traditional users to participate in DeFi and optimize the efficiency of global asset allocation.
Website | Twitter | Discord | GitHub | Telegram | LinkedIn |Email |Reddit
Email： contact@vee.finance
