Venus Stars
Profiting from Binance Launchpools, Megadrop, and HODL’er Airdrop Without Holding BNB!
Did you know? You can maximize your gains from Binance #launchpools ,#Megadrop and #HODL’er airdrops without holding BNB.
But how? 🤔
The secret lies in Venus Protocol! 🌟
Here is a Quick Guide to Get Started
📌Head to App.venus.io and connect your Web3 wallet.
📌Navigate to the “Core Pool” Tab and select the crypto asset you want to deposit. (You can withdraw your assets anytime.) Choose from a variety of options like $BTC, $USDT, $USDC, $ADA, $ETH, $DAI, $TRX, and more.
📌 Deposit the Asset and click on the “Enable Collateral” button. This action allows the protocol to use your asset as collateral so you can borrow $BNB against it. To avoid liquidation risk, always borrow no more than 60% of your total collateral value
📌 Borrow $BNB: Click on the $BNB asset in the Core Pool tab, then click “Borrow,” enter the desired amount, and confirm the transaction. The $BNB will appear in your wallet.
📌 Maximize Your Gains: Transfer the $BNB to your Binance account and lock it in #SimpleEarnProducts Earn. When the Launchpool or Megadrop event concludes, withdraw your $BNB, repay your loan, and retrieve your collateral from Venus or Keep it there to earn interest!
📌 The returns?
On average Binance airdrop events average around 120% APY per event, and the borrow rates on Venus are usually between 30% and 40%, so borrowers can net 80% APY profit on every event!
Disclaimer: This is not investment advice. These strategies are dependent on many factors and can be risky. It is always best to do your own research and make your own decisions (DYOR)