Dear Bvnex users,
Bvnex is going to list COMP, SNX, and LEND on 16 Aug, 2020
1. Compound (Comp)
Compound is a DeFi protocol based on Ethereum. The main business realized is similar to the "mortgage lending" of banks. Users can mortgage their assets in the agreement to obtain annualized income, and the lender of the asset needs to pay the corresponding interest. . Compound is an open source protocol built for developers to open the financial system, based on which a series of new financial applications can be developed.
Project official website: https://compound.finance/
White paper: https://compound.finance/documents/Compound.Whitepaper.pdf
2. Synthetix Network (SNX)
Synthetix is a derivative liquidity protocol based on Ethereum in 2018, which aims to realize the issuance and trading of synthetic assets. Synthetix currently supports the issuance of synthetic assets including fiat currencies, cryptocurrencies, and commodities. In principle, the system can provide on-chain exposure to unlimited real assets. Synths is generated by collateralizing Synthetix Network Token (SNX), and participating in staking can charge fees generated by Synth transaction volume.
Project official website: https://www.synthetix.io/
White paper: https://docs.synthetix.io/litepaper/chinese/
3. AAVE (LEND)
AAVE implements decentralized lending based on Ethereum, so that everyone can profit from the global lending business. Through blockchain technology, the entire process is decentralized, so that the lending business is no longer monopolized by banks and regulatory agencies, everyone can participate, and a global fair interest rate is realized, so that the loan interest rate is no longer subject to the state and central bank. control. The value of the blockchain lies in its ability to ensure fast transactions and ensure the security of borrowing and lending to a certain extent through the mechanism of token mortgage. Smart contracts can accomplish these tasks very effectively. Lending will be linked to legal currency to avoid price fluctuations of digital currencies. The crowd lending model diversifies lending risks and increases the total amount of loans available, and algorithms based on machine learning will also be used for automatic risk assessment.
LEND official website: https://ethlend.io/
LEND White Paper: https://github.com/ETHLend/Documentation/blob/master/ETHLendWhitePaper.md
Open for deposit: 12:00 (GMT+7), August 15, 2020
Open for trading: 16:00 (GMT+7) on August 15, 2020
Digital assets are innovative investment products with large price fluctuations and high investment risks. Before investing, you are expected to fully understand digital assets, reasonably judge investment capabilities, and make investment decisions prudently.