Hey, Vee.Finance community,
Welcome to our weekly report where we keep the Community up to date about what to expect in the coming week and provide a quick recap of the previous week.
Last week recap:
V2 mainnet relaunched on Avalanche
V2 mainnet has launched on Avalanche on October 7. In addition to the currently available functions, V2 provides users convenience to buy or sell VEE within the Dapp, as well as supporting VEE farming with tokens in the wallet.
Partnering with DeFi Security Project Lossless
We have partnered with DeFi security institution Lossless to recover the stolen funds as soon as possible. Lossless helped Cream Finance to recover 5,152.6 ethers ($ 16.7 million) that were stolen in the August exploit. If Lossless can trace the hacker and recover all the stolen funds, we would like to offer 25% of the stolen funds as rewards.
the total value locked (TVL) on Vee.Finance surpasses $17 million, the total number of deposited users reached 195. In terms of mining rewards, WETH.e has the highest borrow APR, up to 480%, and APR of over 250% for both the VEE-AVAX and VEE-USD.e pools.
In the stable coin sector, USDT.e and USDC.e both have Borrow APR over 30%. It is worth mentioning that the stable coin sector has a 90% collateralization rate and no liquidation risk. Read more here: https://vee.finance/dashboard.
Roadmap for V2
We have released the roadmap for V2. Check it out and give it a follow — it will be a good source for referencing features and articles.
Developing staking feature
The technical team are working developing the staking feature. Once this feature is live, VEE token holders will easily be able to participate in single coin pledge mining and start earning rewards.
Creating a compensation pool
Compensation pools are being created. Inside the pool will be five tokens AVAX, WBTC, WETH, LINK and USDT.
Enable more stable coin as collateral
We’re planning to add additional stable coin pools to the stable coin sector.
More Vee.Finance website UI Updates
Expect a few more updates and some usability fixes based on your feedback. If you have further feedback, please reach out to our community team on Telegram.
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. Our mission is to reduce barriers for traditional users to participate in DeFi and optimize the efficiency of global asset allocation.