Summary:
This proposal aims to promote enhanced cooperation between Venus and 48club on the Binance Smart Chain (BSC), with a focus on enabling the deposit and lending functions for Koge. By leveraging the strengths of both parties, this cooperation can create new opportunities for growth and innovation in the decentralized finance (DeFi) field.
Motivation:
Over the past two quarters, 48club has demonstrated remarkable profitability, generating net profits of 7,000 Binance Coins (BNB) and 6,500 BNB respectively. Since its establishment in 2018, although 48club has not been listed on traditional exchanges, it has maintained a healthy and sustainable development trajectory. The directors of this platform are also seasoned contributors to the Binance Smart Chain ecosystem, bringing with them a wealth of experience and expertise. Koge is one of the first tokens listed as Binance Alpha.
On the other hand, Koge has a pool depth of $5 million on the Binance Smart Chain network and offers a variety of trading pairs such as Koge/BNB and Koge/USDT. By integrating Koge’s services with 48club, Venus will be able to reach a larger user base and expand its product and service offerings in the DeFi market.
Benefits:
Expanded Service Portfolio: Venus users will be able to access a new range of deposit and lending options through Koge, thereby enhancing their overall experience on the platform.
Increased Liquidity: This cooperation is likely to bring in additional capital inflows, further strengthening the Binance Smart Chain ecosystem and benefiting all participants.
Strategic Alliance: Collaborating with a mature and profitable entity like 48club will enhance Venus’s reputation and market position within the DeFi community.
Long-term Growth Potential: This initial cooperation can serve as a springboard for deeper and more comprehensive partnerships in the future, opening up new avenues for innovation and expansion.
We eagerly look forward to receiving feedback on this proposal and are excited about the prospect of working hand in hand with Venus to drive the next phase of development in the DeFi field.