Original article from DeBox Academy

The new IDO PARTI of Binance MPC wallet is coming soon. The editor has noticed that many new partners buy BNB to participate for the first time, but it is easy to lose money due to the fluctuation of its price. Here is a tutorial on low-interest mortgage lending of BNB.

The first recommendation is aave lending rate of 2%
The second recommendation is Venus lending rate 3%

Important Tips:
Collateral management: When borrowing BNB, you need to deposit more collateral (such as USDT) to prevent liquidation due to rising BNB prices.
Interest and fees: AAVE and Venus have interest (2% and 3%) to ensure you can repay the principal plus interest.
Set up a Binance MPC wallet: This wallet is required to participate in TGE. If you don’t have one, please create one in the Binance app.
Time sensitivity: Events like the Bedrock TGE have specific time windows and confirmation times before borrowing BNB.
Risk Warning: DeFi platforms may be complex and risky. Please check the fees and terms carefully before proceeding.

Detailed Tutorial
1. Borrow BNB through AAVE (Figure 1)
Description: AAVE is a DeFi lending platform with an interest rate of about 2%, recommended for lending on the BNB chain.
Steps:
1. Visit the AAVE website.
2. Connect your wallet in the upper right corner and switch to the BNB chain.
3. Deposit USDT as collateral. It is recommended to deposit 3,000 USDT to borrow 3 BNB (about 1,900 USD) to prevent liquidation due to rising BNB prices.
4. Click “Supply” to deposit USDT.
5. Click “Borrow”, select BNB, borrow 3 BNB, and confirm.
6. Transfer to the MPC wallet on Binance.

2. Borrow BNB through Venus
Description: Venus (http://app.venus.io) is another DeFi platform with an interest rate of about 3%. The steps are similar to AAVE, so I will not repeat them here.

Off topic:
Deposit 3000U, borrow 3BNB, and then return about 0.0001 BNB interest.
The net profit in 2 hours was 2%. Even Buffett exclaimed that the profit was amazing.
I suggest new friends bring their parents, brothers and sisters to open a BN account, which can be verified by face recognition twice. If you buy new shares 3 times a month, 300u per person, it is a small income of 2,000 RMB.

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