remain anonymous?
Anonymous to protect our decentralized aspect
Ok thanks. Decentralisation doesn’t necessarily mean the council/devs need to be anonymous. The more transparent, the less risky the platform is, and more users would come into the platform. Would hope one day no Council would be require and so no one to be doxxed, as this is the true meaning of decentralisation.
If you follow Venus well, council members are the Binance Smart Chain team, so asking such a large team to doxxed themselves is a difficult decision, after all, they run a huge Network.
Ok thanks. Fantastic to know most Council members are from the BSC team. Gives users like me comfort to move my money here as it will have backing by BSC if something goes wrong. I used to follow Venus until the fallout with the previous founder, which scared me away. Hoping for more stability now with the Council members and stick with the project no matter what happens with the native token.
Please read weekly update above, it has really important information
hi any idea how much btc collateral i need for 5500usd?
Collateral factor for USDT/BUSD is 80%>
You need at least $6875 worth of BTC However, this is the liquidation limit, my advice to you is to use a higher amount and to Borrow after learning what Defi Lending is.
Ok thanks. Will come back to Venus and start following the updates :)
so if i use 6875 how much does btc need to drop
Read Me!! Update: Venus Roadmap 2021: https://community.venus.io/t/venus-v3-roadmap-draft-for-comments/957 FAQ How to setup Binance Smart Chain on MetaMask? https://medium.com/venusprotocol/venus-protocol-main-network-launched-52ea9929091f How to use Venus for lending or borrowing? https://www.youtube.com/watch?v=GzJO1Xwvn24 https://dexplain.com/venus-protocol-defi-tutorial-how-to-supply-and-borrow-assets-mint-vai-stablecoin-and-farm-xvs-tokens/ Unable to log into Venus platform, then try the following alternative sites: https://app.venus.io/dashboard https://venus.finance/dashboard Is there a trading group? https://t.me/venusxvs How do liquidations work? https://xeneizep2p.medium.com/liquidation-guide-on-venus-protocol-d016569d1b9d Resources Venus Dapp Radar Video Review and Tutorial: https://www.youtube.com/watch?v=8Pjky-zKCBw Community Forum (Proposal ideas and discussions): https://community.venus.io/ CertiK Audit of Venus Protocol: https://certik-public-assets.s3.amazonaws.com/REP-SwipeVenusProtocol-FINAL-16_12_2020.pdf hun
Check on Venus.finance/dashboard you will see the liquidation price of your supplied asset that are enabled as collateral.
is there still a calculator?
Its easy to do the math...
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