BNB Lending Tutorial [Detailed Graphic Version] Recommended to Bookmark
Many friends say they want to participate in TGE, but they don’t have BNB, and are worried about buying at a high price. What should they do? Actually, there is a method called lending, which can be broadly divided into two ways.
Method 1: Borrowing from other exchanges. Binance is the main battlefield, so it gets borrowed out quickly every time, and the interest rates tend to be higher. Therefore, it's recommended to go to other places, such as GT, OX, bg, by, etc. I will use OX as an example.
Open the app → Click on the top left corner → Scroll down to find Borrow Coins → Then select the coin to borrow. The coin type is BNB, fill in the quantity as 3, and then select the collateral. It is generally recommended to use USDT, with a collateral rate of 80%. If you use 3000 USDT as collateral, then the 3 BNB borrowed can only be worth 2400 USDT.
Method 2: On-chain, generally recommended to use Venus on the BNB chain.
Open the Binance wallet → Discover in the bottom right corner → DApp in the upper right corner → Enter Venus and go in after searching → Click on the three bars in the upper right corner → Core Pool → Find USDT and click → Supply, deposit your USDT (same rules as other exchanges, up to 80% of the collateral can be borrowed) → Go back to the previous interface, find BNB and click → Borrow, fill in the quantity as 3. Here, it is assumed that everyone will operate on the BNB chain, so first transfer USDT to the BNB chain.
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