Welcome to Week 2! I am @Web3Income. Yesterday we revealed the double yield strategy. Today, I will teach you the first step: Lending your capital to obtain receipt tokens (vUSDT, a $USDT ).
Disclaimer: This is a DeFi strategy. It requires monitoring and knowledge of your Web3 Wallet.
Step 1: Preparation (Web3 Wallet)
Network: For this example, we will use Aave on Polygon (MATIC Network) or Venus on BSC. Both are safe and popular. Make sure you have $USDT and a small amount of $MATIC / $BNB .
BNB890.43+0.22%(for gas) on the chosen network within your Web3 Wallet.
Connection: Open your Binance Web3 Wallet, go to the dApps section and search for Aave or Venus Protocol. Click on the platform.
Step 2: Lend your USDT (Supply)
Select Supply: In the Aave/Venus interface, look for the "Supply" or "Deposit" section and select $USDT.
Amount: Enter the amount of USDT you wish to lend.
Confirmation: Accept the contract. Your Web3 Wallet will ask you to sign two transactions (an approval and the deposit). You will pay a minimum Gas Fee.
Step 3: Activate your Collateral and Receipt Token
Receipt Token: Once deposited, your USDT appears in the "Supplied" section. In Aave, you automatically receive aUSDT; in Venus, vUSDT. This token is the key! Keep earning interest.
Activate Collateral: In the protocol interface, click the button to activate your deposited USDT as collateral (often a toggle or switch). This allows you to borrow against it!
Step 4: Borrow $USDC (Borrow)
Borrow: Go to the "Borrow" section and select $USDC.
LTV (Loan-to-Value): The protocol will show you how much you can borrow. For SECURITY, NEVER borrow more than 50-60% of what you lent. If you lent $100 USD, only borrow $50-$60 USD.
Confirm Loan: Confirm the transaction. Done! The borrowed $USDC is now in your Web3 Wallet.
🔥 What did you achieve? Your USDT earning interest AND you have $USDC extra to use in a Yield Farming pool (double yield!).
