DeFi creates a strong development trend. Recently, the DeFi ecosystem has been creating new games all the time, and with it many improvements to the decentralized financial system. For example hot NFTs, Metaverse-Wahn or GameFi etc. Regardless of the trend, the market has always shown strong and sustained demand for DeFi Lending products / services. The best known right now is the “cross-chain craze” in the DeFi ecosystem, with many projects using this hot feature to further grow their user base and capital.
On August 22nd, LendHub moved to BSC and supported more than 10 major BSC assets like BETH, BUSD, BETH, BNB, CAKE and others for LHB lending and mining and started mining. Users can click on “Cross-Chain Bridge” in the left toolbar of the LendHub.online official website to transfer LHB from the Heco chain to the BSC chain. After completing the cross-chain assets, click the BSC page in the top right corner of the website to deposit or pledge the assets of the BSC chain and receive the corresponding LHB reward.
1. LendHub, Heco’s leading credit platform, is switching to BSC
LendHub aims to be the best secure lending platform for multi-chain DeFi including BSC and Heco. The platform has supported more than 20 asset lending mining, liquidity mining and DAO fund mining. Users can earn LHB rewards by depositing or borrowing assets in LendHub. LHB is the main token of LendHub, with a total of 1 billion, 800 million are produced by mining and the remaining 200 million are linearly unlocked to the founding team over 10 years. LendHub announced that it will not spend any more LHB on this link chain, confirming LendHub’s determination to continue long-term development while bringing important benefits for effectively promoting the value of LHB.
After launching on January 14, 2021, LendHub quickly developed into the largest decentralized lending platform with the largest assets in Huobi’s Heco eco-chain. Just 69 hours after the platform launched, total deposits and borrowing exceeded $ 388 million. On April 8, total deposits and loans on the LendHub platform exceeded $ 1.86 billion and TVL exceeded $ 1.128 billion. On May 6, LHB / USDT network-wide, 24-hour trading volume exceeded $ 42.5 million, with a peak of over 116.2% on the day. Mai, the number of addresses holding coins in the LendHub chain reached 123,012, making TVL the top 5 in the DeFi market, second only to Compound.
2. Secure and have had no issues so far becoming the best multi-chain secure lending platform
The LendHub development team pays special attention to fundamental security and technology issues and always considers the security of users’ assets as the highest in the development process. There have been no security incidents since the platform was launched and the platform has passed the tests of many well-known security companies. The source code is publicly available and certified. In the future, LendHub will integrate the BSC ecosystem and contribute to the joint development of the BSC chain and the Heco chain. LendHub will always ensure the security of the platform and user resources and continue to support secure decentralized lending in the BSC chain. In addition, LendHub has signed a strategic partnership with Oracle Chainlink to maximize the security of the pricing system.
3. The “first mine” supports BSC cross-chain mining and LP credit exposure
On August 22nd, LendHub joined the chain with BSC and supported more than 10 major asset lending and LHB mining operations in the BSC chain and will introduce BNB-LHB and USDT-LHB pools for liquid collateral mining. Users can click on “Cross-Chain Connection” in the left navigation bar of the official LendHub.online website and select the Heco asset that supports the switch to the BSC chain. After completing the cross-asset chain, click on the upper right corner of the official website to go to the BSC page, deposit or pledge the assets of the BSC chain and receive the corresponding LHB reward.
4. Version 2.0 released, 21 product upgrades completed
LendHub is a product that provides users with a quick and easy rental experience. On August 19th, the latest improved version 2.0 of LendHub came out with a simple design that is loved by users, adds feedback on activity notifications and improves the interactive activity experience. The display effect on mobile devices is more optimized. This is the 21st updated product launch from LendHub. So far, the product development team has always received prompt feedback on optimization suggestions from users. The team not only optimizes the product on a regular basis, but also makes requirements to improve its product.
5. Efforts to expand world market and bring leveraged mining products to market in the near future
At that time, LendHub was embarking on a global expansion plan, with the first phase focusing on production in Korea, Vietnam, Thailand and other markets. To drive growth in various markets, LendHub recruits volunteers from communities around the world. After joining the English community, users can register on the official website and contact customer service. The volunteers are responsible for establishing, developing, maintaining, and managing local community groups. Select volunteers receive monthly USDT and LHB rewards.
In addition, LendHub’s core developers announced in an AMA interview that the platform will launch new products such as leveraged mining in the near future. LendHub, AKA’s easiest-to-use and most secure DeFi lending platform, is expected to grow into leading DeFi lending platforms like Compound and AAVE with reputable products and gain acceptance in the market.
This is a partner item. No investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
The source: CoinCu.com