Vee.Finance Weekly Report 10/25
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 Statistics
the total value locked (TVL) on Vee.Finance V2 surpasses $22.6 million, the total number of deposited users reached 283. In terms of mining rewards, WETH.e has the highest borrow APR, up to 122%, and APR of over 370% for both the VEE-AVAX and VEE-USD.e pools. Details: vee.finance/dashboard.
Halloween Event Update
Over 3,480,000 VEE tokens are currently staked. All users who meet the event rules will enjoy a 500% promotional APR as the Halloween treat, and lucky winners will win an extra reward of 3000 USDT or 1000% APR. Check here for details. Join to stake: vee.finance/dashboard/stake.
Resuming the V1 stable coin sector interest rate
We have resumed the V1 stable coin sector interest rate, and suppliers start enjoying interest returns and borrowers need to pay interest. We hope users in the V1 stable coin sector pay back their loans so that they can take all their funds out to V2, to enjoy higher returns.
Launching a new chain poll
The technical team is working on a new chain deployment, for which we launched a poll on Twitter for users to choose the public chain they were interested in. A total of 195 people participated in this poll, with 62.6% of users choosing Binance Smart Chain.
Preparing IDO
We have already had initial communication with the IDO platform and submitted relevant materials. We will keep you updated on the latest developments through the official media.
Coming up:
Developing VEE Bridges
As Vee.Finance is going to deploy on new chains, VEE tokens will be available in multiple chains. The technical team is developing a bridge for users to transfer VEE tokens across different chains. By using VEE bridges, users can buy and sell the VEE token easily.
Opening the compensation pool
The compensation pool will be open on October 31. By that time, we will deposit all the retrievable revenue into the pool on October 31, 2021. The number of tokens deposited will be calculated as a percentage of their dollar value and the token price will be based on a snapshot as of October 28 EDT.
Adapting the Vee.Finance website for mobile
We are working on developing a dapp adapted to mobile, and through the MetaMask app, users can now use the full features of the Vee.Finance through their mobile phones.
Community
Telegram: 35000+
Twitter: 42800+
Discord: 17200+
Medium: 29000+
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.
Website | Twitter | Discord | GitHub | Telegram
Email： contact@vee.finance
