Decentralized non-custodial liquidity protocol based on Waves blockchain, where users, wallets and dapps can participate as depositors or borrowers.
What is Depositor
Vires.finance is a decentralized non-custodial liquidity protocol based on Waves blockchain, where users, wallets and dapps can participate as depositors or borrowers.
Enno Wallet currently let you be as a depositor who can provide liquidity to the market to earn a passive income.
Vires.finance utilizes common pool-based mechanics where all the funds deposited participate in interest-bearing activities equally. The greater the demand for borrowing an asset is, the greater APY depositors get in return.
Governance with $VIRES
VIRES governs the future of Vires.finance, including tokens onboarding, configuration changes and the protocol updates through voting.
You may use your Enno Wallet to keep, to buy and to swap VIRES.
Compounding interest with APY
The annual percentage yield (APY) is the real rate of return earned on an investment, taking into account the effect of compounding interest.
Unlike simple interest, compounding interest is calculated periodically and the amount is immediately added to the balance. With each period going forward, the account balance gets a little bigger, so the interest paid on the balance gets bigger as well.
Be a Depositor and
earn high APY
Vires.Finance lets you deposit following tokens and earn a passive income with various APYs. You may use your Enno Wallet to deposit tokens and coins to Vires.Finance.
Generally, we all want top-notch security while quickly making any transaction on the blockchain. However, in most cases,
Waves Network has been experiencing a serious issue due to Vires Finance Liquidity Crunch. For quite a while,
Smart contracts we use in Enno Wallet belongs to Vires Finance and they are verified by an independent audit.
You can always check the collateral levels from blockchain. All operations involving USDN, such as issuance, staking and reward payouts, are fully transparent and governed by a smart contract.
What is Next
See Other DeFi Platforms
Enno Wallet has much more to offer.
Please be sure to check all other DeFi Platforms.
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