BNB Chain & the Future of DeFi with Velvet.Capital
The Velvet.Capital Mission & Vision
Velvet.Capital is building a cross-chain DeFi asset management protocol that helps people and institutions create portfolios, index funds and other structured financial products with additional yields. We’re on a mission to bring financial independence — free of intermediaries and centralized parties –- to the next billion crypto users & become the #1 multi-chain platform to manage digital assets. Our vision is to become the #1 multi-chain platform to manage digital assets.
GM folks :)
In lieu of our upcoming launch, we’re going to explore BNB Chain, the primary framework Velvet.Capital is built on. The BNB Chain is helping us provide the best asset management solutions without the extra hassle required in other blockchains.
We are thrilled to be a part of this ecosystem as we see the tremendous long-term potential. We are excited to be part of the Binance Labs Most Valuable Builders Program and to have been selected as one of the group of 11 out of 650 possible projects for their September Demo Day.
What is the BNB Chain?
Developed by Binance, the BNB (Build N Build) Chain is one of the most popular blockchains in the world. Most importantly, it is a community-driven, open-source, and decentralized ecosystem that promotes the adoption of DeFi protocols.
With the ever-increasing demand for decentralized technology, Binance supports dApps with massive user bases, and new GameFi and Metaverse protocols are being implemented daily. Additionally, gas fees are about 20 times cheaper than on Ethereum. With an average gas price of 20 gwei, a transfer of $300 worth of BNB will cost you about $0.01.
Due to the sheer number of protocols, Binance has split BNB chain into the following four areas:
● Beacon Chain: with BNB tokens, holders are given the right to be part of a community. Similar to DAOs, members vote on issues related to governance.
● BNB Smart Chain (BSC): here lies Binance’s main protocol, where Velvet.Capital’s primary platform will be located. Almost all of BNB’s financial transactions are handled here.
● BNB Sidechain: this is where things get interesting. Developers will be able to seamlessly deploy their own blockchains which support GameFi and Metaverse. Some of the largest protocols such as Axie Infinity live here.
● BNB ZkRollup (coming soon): a scaling solution for BNB Smartchain. Supports fast transaction speed, faster finality, and even lower gas fees
After launch, Velvet.Captial plans to integrate its platform into all three areas to provide users with unrivaled exposure to the best realms of Crypto!
DeFi’s potential on BNB
We are already seeing some of the largest DeFi protocols being launched on BNB with market caps reaching billions of dollars. Some big names include PancakeSwap, Chainlink, Band Protocol, Swipe, Ontology, Trust Wallet and at least 25 other projects. Many other Internet protocols are also in the process of being built or deployed on the BNB Chain. This will open up Ethereum assets to, among others, BNB Chain DeFi investors.
BNB is on a record-setting pace due to its ability to sustain rapid growth while also allowing holders to store assets without a third party. In other words, BNB does all the heavy lifting while you sit back and relax.
This means that with Velvet.Capital, you can avoid exorbitant gas fees and accumulate passive income without worry! Our uniquely fleixble protocol, coupled with BNB’s, is what allows us to manage highly diversified portfolios and maintain steady returns. Don’t forget to check out our article on yield farming here.
What’s next for Velvet.Capital?
As BNB continues its rapid expansion, a new wave of protocols will come to change the world. With an already well-developed decentralized ecosystem, we’re going to be on the lookout for some of the best tokens for our community to invest in.
With the help of BNB, Velvet.Capital is implementing a chain agnostic protocol so anyone can create structured financial products like a pro- index funds, portfolios, and other structured financial products. Our decentralized protocol will grow into the one-stop DeFi platform of the future. Your investments can grow and you never need to give up custody of your assets.
Velvet.Capital can automate your entire crypto portfolio. With a few simple clicks, you can purchase a crypto index (think S&P 500 for Crypto) with exposure to a variety of tokens. We also give professionals & institutions the ability (DeFi-As-A-Service) to create their own products (think ETFs for Crypto).
The diversified approach means you don’t stress about picking the “right” coin. You can comfortably ride the wave without falling off. What’s more? You can start earning a monthly yield from your crypto holdings. In other words, steady income to your wallet with none of the hassle. All from one account.
Velvet.Capital does the grunt work of vetting projects and yield farming protocols on your behalf. You can capture the full upside of a crypto boom, collect monthly checks and minimize the risk of total wipeout due to diversified crypto indexes. We make it seamless to participate in the DeFi ecosystem, whether you’re a complete novice or an institutional trader.
Perhaps most importantly, we’re a completely decentralized project meaning we run on automated smart contracts (Just like your favorite protocols).
Sign up here for exclusive early access and to qualify for our governance token airdrop: Velvet.Capital
& swing by our discord to join the Velvet Fam- we would love to meet you: https://discord.gg/8RXBQGGyA9