Will Venus (XVS) Testnet Launch be SUCCESSFUL? We tried the new DeFi platform...
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Venus testnet launched on Binance Smart Chain earlier this week and we got to experiment on the new protocol to get a feel for how it will work.
We've been yield farming this on Binance for a few weeks.
The performance is slow and the market dynamics are way off, but it still gives us an idea of what to expect and the price of Venus has gone up quite a bit since the launch. They may even airdrop free tokens to testnet users - you never know!
The next phase will be stablecoin minting for passive income... more to come on that as it's released.
We launched a new website (under development) : https://seems-legit.com
10% off Binance commissions: https://www.binance.com/en/register?r...
$59 in free COMP: https://www.coinbase.com/earn/compoun...
#xvs #bsc #defi
CHAPTERS:
00:00 - Intro
00:41 - Connecting to BSC Testnet
01:15 - Free coins from faucet
02:25 - Supping Collateral
03:31 - Borrowing against Collateral
04:10 - Voting
05:05 - Outro