If I have beth do I need to swap to

Question

Venus Protocol

Crypto Newbie 🇵🇭

If I have beth do I need to swap to

wbeth or no need?

#blockchain #cryptocurrency #english #venus

0

04.05.2023

8 ответов

9 просмотров

Doomer

Hey admin, have you guys ever considered implementing AAVE's E-mode for WBETH-ETH? It could increase capital efficiency for leveraging staking

0

04.05.2023

Deborah | 🇳🇬 Never DM First 🇳🇬

Doomer
Hey admin, have you guys ever considered implement...

Hey.. Thanks for bringing that up. Not quite sure how aave e-mode works. But if it is what will benefit the community. You can propose it to the community here. 😉 ⬇️ https://app.venus.io/governance

0

04.05.2023

Crypto Newbie 🇵🇭 Автор вопроса

Deborah | 🇳🇬 Never DM First 🇳🇬
Please do. WBETH is the new liquid staking token....

Hi I have barrowed vai and my collateral is Beth will this be affected?

0

04.05.2023

Deborah | 🇳🇬 Never DM First 🇳🇬

Crypto Newbie 🇵🇭
Hi I have barrowed vai and my collateral is Beth w...

To my best of knowledge, Venus has recommended that users should immediately reduce their exposure to BETH on Venus to avoid risk of liquidation. So you could risk getting liquidated.

0

04.05.2023

Doomer

Deborah | 🇳🇬 Never DM First 🇳🇬
Hey.. Thanks for bringing that up. Not quite su...

I don't have 1.8 million dollars to purchase XVS. Simply put, e-mode is a feature in AAVE that allows for enhanced borrowing power (up to 97% LTV) within e-mode and you can only borrow assets within the same category (such as stablecoins). I saw a great opportunity since Binance launched wbETH, but it seems like no one really cares. I tried;; thanks for reply I guess it won't happen to venus protocol

0

04.05.2023

JR 🧉

Doomer
I don't have 1.8 million dollars to purchase XVS. ...

Hey! Thanks for sharing this idea. You don't need to push the VIP yourself 😅 You can elaborate your proposal and post it on the Community Forum for discussion.

0

04.05.2023

Bilal

JR 🧉
Hey! Thanks for sharing this idea. You don't need...

Lool 😂

0

04.05.2023

Deborah | 🇳🇬 Never DM First 🇳🇬 · Accepted Answer

Deborah | 🇳🇬 Never DM First 🇳🇬

Please do. WBETH is the new liquid staking token. Venus is working on removing the BETH market completely and replacing it with the WBETH. A VIP was launched recently to pause BETH Borrowing on Venus. So if you borrowed BETH, I will advise you repay it immediately to avoid paying more when liquidity shortage occurs on the BNB chain.

0

04.05.2023

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