#tge

Just went to take a look, Binance Wallet should have just placed the quick access to Venus lending here, but in reality, everyone is still lending and borrowing on Venus.

It will definitely be much more convenient 👻

It is important to note ⚠️ that the maximum collateralization rate for Venus is only 80%, so when borrowing, it's best to stay within the safe line (approximately 64%). If it exceeds 80%, liquidation will occur.

Liquidation price 🟰 current price * health index

Certain exchanges generally have a liquidation collateralization rate of over 90%, with a maximum borrowing rate of 77%. Players with insufficient funds are still advised to choose competitors first.

Lastly, since it is an on-chain protocol, there is inevitably a risk of theft, and everyone should have heard about the recent ZBT interaction theft.

🤔 On-chain DEX lending protocols and cross-chain bridges, commonly known as hacker ATMs, whether they provide compensation after a theft depends on the strength and conscience of the project team, so everyone needs to be aware of the risks before using.

😅 Although, I have also been using Venus for a long time.