Isolated lending network for BANANA on Venus

Isolated lending network for BANANA on Venus

ApeSwap proposes the addition of an ILM for their native $BANANA token.

What is ApeSwap?
ApeSwap is a decentralized finance (DeFi) platform offering a full suite of tools to explore and engage with the future of wealth building, overseen by the ApeSwap Decentralized Autonomous Organization (DAO).

Our community and partners can tap into the next generation of financial innovation through our decentralized exchange, utility token staking, premium launchpad, lending network, and NFT projects in a secure, transparent, and globally accessible way.

To get started with ApeSwap:

  • Join by interacting with our community, using our DeFi platform, and purchasing our native utility tokens, BANANA and GNANA

  • Swap between different cryptocurrency tokens on BNB Chain, Polygon, Ethereum, and Telos using our decentralized exchange

  • Create liquidity between cryptocurrency token pairs to receive liquidity provider (LP) tokens, which can earn trading fees (liquidity mining) and be staked in Yield Farms or Maximizers to earn BANANA

  • Stake BANANA or GNANA in Staking Pools to earn tokens from partner projects

  • Lend and borrow crypto assets with the ApeSwap Lending Network

  • Purchase Treasury Bills with LPs to receive discounted BANANA or partner tokens that vest over time

Crypto projects can partner with ApeSwap to:

  • List their tokens on our decentralized exchange

  • Receive advisory services from our team

  • Network with our robust partnership ecosystem

  • Co-market with us to acquire new users

  • Create Yield Farms to incentivize users to add liquidity for their token on our exchange

  • Raise capital through Jungle Bills

Whether you’re new to crypto or a DeFi veteran, ApeSwap has the tools and the community to support your decentralized finance needs.

What is BANANA?

General Details

Ticker: $BANANA

Contract Address: 0x603c7f932ed1fc6575303d8fb018fdcbb0f39a95

Chain: BNB Chain (BEP-20)

BANANA is the primary native utility token of the ApeSwap ecosystem. BANANA serves several functions for the protocol, including staking in BANANA pools to earn rewards, rewarding users for adding liquidity to the ApeSwap platform, and incentivizing markets on the ApeSwap Lending Network.

In order to control return-on-emissions for the protocol, ApeSwap burns BANANA tokens every Thursday, removing them from circulation and reducing inflationary pressure.

What Can I Do With BANANA?

As our primary utility token, BANANA can be used in several ways:

  1. Stake BANANA tokens in our Staking Pools to earn more BANANA, or tokens from partner projects

  2. Acquire GNANA on the Golden Banana page

  3. Add liquidity on the Liquidity tab of the Exchange page by pairing BANANA with other tokens to create liquidity provider tokens (APE-LP tokens) that earn trading fees and can be staked in Yield Farms or BANANA Maximizers to create passive income

  4. Purchase Treasury Bills using APE-LP tokens and earn BANANA over a certain vesting period

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:speech_balloon: Telegram - Telegram: Contact @ape_swap

Benefits to ApeSwap/Venus
ApeSwap has one of the largest communities of unique active users of any dApp in Web3. Adding an isolated lending network for BANANA will bring the ApeSwap users flocking to Venus in large numbers in order to get involved with the platform, and vice versa we believe that Venus users that decide to check out Apeswap’s platform will be thoroughly pleased with our wide breadth of offerings.

ApeSwap will use its strong social media presence to bring more attention and hype, thus boosting liquidity and activity amongst the new IL networks.

Hi apeswap, i missed this proposal. I support this and i dont believe anyone here is aganist it :stuck_out_tongue: