Most people still think you need a laptop and some expensive setup to use DeFi, but that’s so 2018.
These days, I do it from my phone. Using Venus Flux, I was able to lend and borrow in under 10 minutes… 👀
Here’s exactly what I did;
Step 1: Open Venus Flux
On my phone browser, I opened: flux.venus.io
Step 2: Connect wallet (WalletConnect)
I tapped Connect Wallet → selected WalletConnect and my wallet popped up. I approved the connection and signed the request.
It Connected.
Step 3: Deposit USDC
At the top of the page, there’s a dropdown menu.
I selected “Lend”, which opened up a list of assets I could supply.
I selected USDC and the page showed the live APR (the rate changes, but at the time it was around 5.84% APR).
Step 4: Enter amount
I entered 300 USDC.
Step 5: Approve contract
Now this part is important. Before you can deposit, you must Approve the contract to access your USDC.
So I tapped Approve.
Here’s what I noticed: I didn’t need to manually confirm anything inside my wallet because the confirmation flow was automatic.
I saw a “Transaction Pending” message, and almost immediately after, a pop-up notification that it had been confirmed.
Super smooth!
Step 6: Supply (this is the actual “lending” step)
After approval, the button changed to Deposit. I tapped Deposit and again I got a short pop up pending message, pop-up confirmation and done.
And just like that, the 300 USDC was supplied. That’s all it took for me to lend some USDC.
After that, I proceeded to borrow USDC using BTCB as collateral.
I simply put up my collateral (BTCB) and borrowed against it (USDC).
And here’s how it went step by step;
Step 1: Selected the BTCB/USDC market
On Flux, I navigated to the market/pair showing: BTCB / USDC
Step 2: Deposit BTCB as collateral
I tapped Deposit under BTCB. My wallet balance showed 0.5 BTCB, so I entered 0.5.
Just like lending, it first required an Approve transaction, then a Deposit transaction.
Tap Approve → You’ll see “Transaction Pending” → Then almost instantly, a confirmation pop-up.
Then tap Deposit →Pending →Confirmed.
Once that confirmed, my 0.5 BTCB was now collateral.
Step 3: Borrow USDC
Next, I opened the Borrow action for USDC. I entered 2,000 USDC as the borrow amount.
Before confirming, I looked at the safety indicators on the screen:
• It showed Safe
• My Ratio
• The Liquidation Threshold (88%)
• A liquidation price reference in USDC terms
Then I tapped Borrow and it was the same flow as lending.
✅ Once confirmed, the 2,000 USDC landed in my wallet.
Step 4: Confirm the position (My Positions)
After that, I checked My Positions and could see everything clearly:
• Collateral: 0.5 BTCB ($33,458 at that moment)
• Debt: 2,000 USDC
• Borrow APY: 2.23%
• Multiplier: 1.06x
• Ratio: 5.98% (very conservative)
And that was it. No Complex procedures!
Get started: flux.venus.io
@VenusProtocol @BNB Chain #BNBChain #defi #VenusProtocol😍 #VenusFlux