Vee.Finance | V2
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Introduction to Vee.Finance
Introduction
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.
Using the protocol
To use the protocol, users supply their preferred asset that is accepted by the protocol. Users will be able to earn interest based on the asset's market demand for borrowing. Additionally, supplied assets can be used as collateral to allow the user to borrow other assets. Interest earned by supplying funds offsets the accumulated interest rates from borrowing.
Funds are administered by Smart Contracts. Suppliers/Lenders will be given tokenized yield-bearing tokens (veTokens) which will be used to withdraw funds from the pool on-demand when required.
Risks
No protocol within the blockchain space can be considered entirely risk free. The risks related to the protocol may potentially include Smart Contract risks and Liquidation risks. The team has taken necessary steps to minimize these risks as much as possible by undergoing audits and keeping the protocol public and open sourced.
If you have any questions or issues, feel free to reach the VEE team over the live chat within Telegram.
Last modified 1mo ago
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