😎 2 New DeFi on Fuse Network & BSC with High Returns. What are they❓

😎 2 New DeFi on Fuse Network & BSC with High Returns. What are they❓

By Dapp.com | Dapp.com | 29 Jul 2021


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Ola Finance - Lending Platform on Fuse

 

Ola Finance is a platform on Fuse Network that lets you create a Compound/Aave-like instance that includes whichever tokens you likes. 

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Currently, you can use the Fuse LeN, where you can supply/borrow $WBTC, $WETH, $USDC and $FUSE tokens.

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What’s the advantage of using Ola Finance? The high APY! We can compare its APY with the top Ethereum lending protocol Aave.

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  • $ETH / $WETH

If you supply $ETH in Aave Protocol, the APY is 0.02%, plus 0.57% $AAVE rewards. If you transfer your $ETH to Fuse as $WETH and supply it in Ola Finance, the APY is 0.87%, 43.5 times compared to Aave, plus 7.1% $FUSE rewards.

  • $WBTC

In Aave, the APY for $WBTC is 0.05%, while the $WBTC APY in Ola Finance is 0.7%, 14 times Aave’s.

 

So with the same amount of crypto assets, you can get better returns from Ola Finance.

 

Then how’s its on-chain performance? Is Ola Finance under good conditions?

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Launched for 73 days, this lending network still has a long way to go, as the user, volume and transaction numbers are much smaller than the top ones. The 30d volume -34.19%, and the 30d transactions -22.64%. 

 

You can track its on-chain data and see if Ola Finance will attract more DeFi users with its high APY.



 

Moonpot - Win-Win Lottery on BSC

 

Moonpot is a lottery pool on Binance Smart Chain powered by DeFi yield optimizer Beefy Finance

It works similarly to PoolTogether, an Ethereum protocol for no-loss money games. By depositing crypto into a “pot”, you’ll automatically gain interest and enter into a weekly prize draw. Your deposit is your ticket for the lottery. So there’s a chance to win big-money prizes paid out in crypto from the pot you enter. 

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The current main pot is a $CAKE pot. At the time of writing, $9.97M worth of $CAKE is locked in this pot. You can deposit your $CAKE tokens in it with a 101.54% APY, meanwhile having a chance to become 1 of the final 5 lucky draw winners. The prize draw values $47,129. Each winner will receive 255.055 $CAKE and 5000 $DODO tokens. 

 

Moonpot’s prize is slightly more than the pool with the highest weekly prize in PoolTogether.

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Currently, the pool with the highest weekly prize is the USDC pool in PoolTogether with $45,366 prizes split evenly among 5 winners.

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Just live for 9 days so far, Moonpot’s on-chain data have shown an upward trend. If you’d like to participate in this win-win lottery pool, you can monitor Moonpot’s users and volume to check its performance.

 


 

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