【One-Image Flow】On-Chain Lending BNB Participation in TGE New Project【Venus Edition】
Because Chicken Brother's BTC is in the SOLV protocol, Venus is used here for lending. Similarly, many assets are supported, and there are many collateralizable assets. Various tokens can be used as collateral assets, not limited to the SolvBTC mentioned in the text.
The lending platform here takes AAVE and VENUS as examples, illustrating how to mortgage and lend BNB in a one-image flow. You can choose either of the two platforms. Some collateralizable assets are unique to certain platforms; for example, if you want to borrow with SolvBTC, you can only go to VENUS, as AAVE does not support it.
【Lending BNB to Participate in TGE Process】 Taking SolvBTC as an example: 1. Deposit enough SolvBTC into Venus and borrow 3 BNB. 2. Participate in the TGE event. 3. After the event ends, repay the 3 BNB and withdraw SolvBTC.
Using the lending method for BNB participation in TGE only requires GAS or a small amount of interest (the interest for borrowing for just 1 hour can be ignored), without fear of BNB price fluctuations. Choosing between AAVE and Venus depends on personal preference; please refer to the previous article for borrowing BNB using AAVE.
The following is the on-chain lending BNB【Venus Edition】for #一图流 .
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