All about Hedera, Binance integrates USDC on the Hedera network.
1. USDC on Hedera.
+ USDC on Hedera is a stablecoin issued by Circle and backed by USD, traded directly on the Hedera network. Transactions with USDC on Hedera have extremely low costs, significantly cheaper than other blockchains like Ethereum and Solana. The DeFi ecosystem of Hedera allows users to earn yields of up to 20% APR when trading USDC.
2. What is Hedera?
+ Hedera is an open-source enterprise-level blockchain platform that uses the hashgraph consensus algorithm, enabling it to process over 10,000 transactions per second with extremely low transaction fees ($0.0001). This platform is governed by major corporations such as Google, IBM, Dell, Chainlink, and many other prominent organizations.
3. Benefits of using DeFi on Hedera.
+ Hedera has a protective mechanism against MEV (Miner Extractable Value) attacks, helping to reduce risks such as "front-running" and market manipulation.
+ The largest DEX on Hedera: SaucerSwap, with yields of up to 20% APR when trading and providing liquidity with USDC.
+ The largest lending platform: Bonzo Finance, using the AAVE protocol, allows users to earn a yield of 17% APR when lending or providing liquidity with USDC.
4. Wallets used on Hedera.
+ HashPack Wallet is the top choice on Hedera, enabling users to easily interact with DeFi applications while ensuring high security.
5. How to participate in DeFi on Hedera.
+ Buy hUSDC on Binance.
+ Send to HashPack wallet.
+ Connect the wallet with Bonzo Finance or SaucerSwap, send hUSDC to earn yields from 17-20% APR.
