Crypto lending and borrowing are essential aspects of DeFi. However, not many crypto lending platforms efficiently offer low-interest loans using a variety of cryptocurrencies. Aave (AAVE) and Petrousus Token (PSUS) are fully decentralized platforms that provide quick, seamless lending services with low-interest rates and efficient cross-chain interactions.
On the other hand, Binance Coin (BNB), currently fifth ranking on CoinMarketCap, provides a larger scalable platform for crypto lending across multiple platforms and blockchains.
Aave (AAVE) is the leading DeFi protocol for seamless and efficient lending and borrowing across multiple networks. Its open-source protocol, deployed on the Ethereum blockchain, provides individual liquidity pools for digital assets to facilitate decentralized lending.
Borrowers on Aave can access various cryptocurrencies in the liquidity pool using their crypto as collateral. Borrowing interest rates vary across each network. On the other hand, participants of the liquidity pool passively earn interests for supplying liquidity.
Additionally, Aave offers a flash loan service. Flash loans enable borrowers to borrow and repay unused assets in the liquidity pools in an unsecured manner within a short time.
The native token, AAVE, offers its holders lower trading fees and collaterals. It also serves as a governance token on the platform.
Binance Coin (BNB)
Binance Coin (BNB) is the cryptocurrency issued by Binance exchange, the world’s largest cryptocurrency exchange. It is the native token that powers the Binance Chain ecosystem (made up of Binance Chain and Binance Smart Chain).
Aside from a decentralized cryptocurrency exchange, the Binance Coin (BNB) offers a vital financial service on the Binance platform – crypto lending. BNB enables users to lend and borrow cryptocurrencies using collateral or flash loans (collateral-free loans).
Due to BNB smart contracts, users can borrow and provide collateral using varying digital assets and cryptocurrencies such as AAVE, 1INCH, ADA, BNB, BTC, ETH, etc.
Additionally, it supports crypto lending on alternative lending platforms like Aave and Abracadabra due to its multi-chain interoperability. Also, BNB HODLers can store their crypto in a vault and passively earn APY (Annual Percentage Yield) while their crypto assets facilitate lending.
Petrousus Token (PSUS)
Petrousus Token (PSUS), new to the DeFi and cryptocurrency market, aims to facilitate decentralized financial services, such as crypto lending and borrowing. Built on the Binance Smart Chain, it will enable anyone to lend and borrow fiat currencies in a trustless nature.
It allows lenders to lend assets and earn greater profits while borrowers anonymously access loans at cheap rates using higher-value collateral.
To overcome the challenge of over-collateralization and revolutionize crypto lending, Petrousus Token allows users to leverage High-Yield Vaults to lend cash. Consequently, lenders will receive higher loan rates due to a higher demand for fund allocation to the High-Yield Vaults.
Features that will facilitate these lending services include; a decentralized blockchain, smart contracts for multi-chain interaction, and a mobile app to increase adoption.
Also, the Petrousus Token, PSUS, will provide security, reward staking, and confer voting rights to its holders in the community.
Early participation in the Petrousus Token (PSUS) presales offers bonuses to buyers. Also, there are additional bonuses for purchasing using different cryptos or fiats.
For example, stage 1 of the presale offers a 7% bonus, a 25% bonus for purchasing the PSUS token within 10 minutes of signup and an additional 16% bonus if BNB is the purchasing currency.
The primary objective of DeFi crypto lending is to grant better access to loans on a peer-to-peer basis while offering passive interests to lenders. Consequently, ordinary citizens can fund loans without controlled bodies like banks.
Established crypto lending platforms like Aave (AAVE) and Binance Coin (BNB) have set the pace for crypto loans with features such as smart contracts, low-interest rates for borrowers, passive income earnings for lenders, and multi-chain interoperability.
Meanwhile, the upcoming Petrousus Token (PSUS) will provide a viable solution to over-collateralization with hopes of revolutionizing crypto lending.
Follow up on the activities of Petrousus Token by visiting these links below.