Jul 28, 2021
ETNA-EFFECTIVE APPLICATIONS TO MEET USERS’ DESIRED NEEDS
Despite the fact that numerous borrowing and lending apps exist in the bitcoin industry, more efficient applications are still needed to fulfill the requirements of users or consumers.
DeBank, a fresh new loan and borrowing app, has just debuted. Despite the fact that it is not well-known or highly regarded in the cryptocurrency industry, DeBank has steadily increased its client base since its inception.
INTRODUCTION
DeBank is a well-known loan and borrowing application that was created by a team of developers to stand out in terms of usability amid many other competing solutions. This is the most popular borrowing and lending application that allows NFTs to be used as collateral. This application for borrowing and lending is also unique in that it is the first of its kind to give holders interest-free loans in exchange for ETNA as collateral. This group of developers is still working to ensure that their solution (DeBank) can handle a wider range of assets.
Assets given to this application (DeBank) from holders will be supported by certain conditions. This may be accomplished by depositing the application (DeBank) as a holder in order to be eligible for a large number of returns and incentives.
There is also a borrowing option, which allows participants (holders) to borrow money from DeBank.
There is also an option for users to farm ETNA tokens for a chance to earn ETNA tokens.
DeBank accepts the following assets:
ETNA \sUSDT \sDAI \sNFT
Except for NFT, which cannot be borrowed but can only be collateralized, all of the above-mentioned goods may be collateralized and borrowed.
When compared to many other loan apps, the product (DeBank) has the following advantages:
The many benefits associated with the product (DeBank) versus various competing apps for providing the same service.
THE VALUES ASSOCIATED WITH THIS EXCELLENT PRODUCT ARE HIGHLIGHTED BELOW.
DeBamk is one of the most adaptable lending apps in the Decentralized Finance industry. DeBank may be readily evaluated on a desktop computer or a variety of different mobile devices. The customer experience will soon be improved since the developers intend to upgrade the application, making it much simpler for participants.
This product (DeBank) is intended to be security aware, which means that any assets or money in the application’s hands (DeBank) are very secure and safe in comparison to many other apps that provide similar services.
This product is the most widely used application for borrowing and lending, granting loans to holders in exchange for NFT as collateral.
In exchange for their investment, participants (holders) have a good possibility of earning a lot of money. About 27% of the APY will be given on ETNA deposits from participants, with the remaining 8% going to NFT deposits.
This product (DeBank) has a lot of potential in terms of lending because of its liquidation method.
CONCLUSION
This group of programmers is working on an app that will act as a mobile wallet for the benefit of its users. It will be built in such a manner that the main blockchains’ applications and other functionalities will be supported.
Users will be able to interact with DeBank more easily since they will be able to create an online account and log in using their email address.
As part of the next update, customers will be able to enjoy lower transaction fees, which will improve customer service.
This group of programmers set out to create a frictionless application that would allow for efficient service delivery to users. Everyone, whether skilled or novice, is welcome to use the program.
Useful links
WRITER’S INFORMATION
TELEGRAM USERNAME :@Sadun1998
BITCOINTALK USERNAME : Amarakoon
BITCOINTALK LINK :; https://bitcointalk.org/index.php?action=profile;u=2547266;sa=summary
PROF OF AUTHENTICATION : https://bitcointalk.org/index.php?topic=5348731.msg57448632#msg57448632
BSC WALLET ADDRESS : 0x2c8e2d76De6AeebC8965D70af04a74fc0D45678A
