as high as 19% apy... I wonder what interest does aave has for borrowing stable?
Wouldn't it cause interest rates to spike, causing a massive monetary tightening in the BSC realm?
Not really, as there is an income set aside for rewarding prime users.
But what does it incentive prime users to do?
It encourages users to hold 1k XVS in our vault. Reducing selling pressure on XVS 😉
No one stopped the non prime to become prime 😁
I just want you to see it from any new inversor perspective. Why will they use venus and not any other defi? The can't supply xvs, the pool is complete, if they vauot xvs cant use it as colateral.... We need to expand, so pple can suplly and borrow against xvs
I guess there will be 1-2 exits from prime everyday once xvs starts moving.. gotta be quick to grab
With this apy... You must be nuts. If you need liquidity, go to the bank... Borrow it, and venus will pay your loan
Personal loan in my country is 14% PA
I think these r starting issues.. once prime is settled we will see more competitive prices
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