Vee Finance

Introduction

Vee.Finance is a cross-chain lending protocol for traditional financial and crypto users. We are committed to bridging the gap between traditional finance and DeFi and providing users with better digital asset management services. Our mission is to reduce barriers for traditional users to participate in DeFi and optimize the efficiency of global asset allocation.

• Lending Protocol

When users supply their preferred asset that is accepted by the protocol. Users will be able to earn interest based on the asset's market demand for borrowing. Additionally, supplied assets can be used as collateral to allow the user to borrow other assets. Interest earned by supplying funds offsets the accumulated interest rates from borrowing.

Suppliers/borrowers will be given tokenized yield-bearing tokens (veTokens) which will be used to withdraw funds from the pool on-demand when required.

• Multi-Chain Protocol

As a cross-chain protocol, Vee.Finance aims to solve the problems of fragmentation of operations and non-interoperability of assets. Vee.Finance realizes the integrity of assets on the chain by providing interoperability for different chain assets.

Wallet Setting

The “Connect Wallet” feature on Vee.Finance Dapp includes Metamask, WalletConnect, Coinbase Wallet, and Huobi Wallet. Make sure that you have switched the wallet network to Avalanche Mainnet C Chain or HECO before connecting the wallet to Vee Finance.

Connecting MetaMask to Vee.Finance

Step 1. Click [Connect Wallet] if you are using a desktop browser to access VeeFinance. You will now see a pop-up presenting different options for connecting your wallet. Click [Metamask] to install the Metamask extension. Click here to learn how to install MetaMask extension.

Step 2. You can also connect to Vee Finance visa Metamask’s app browser. In this case, Open the in-app browser (the in-app browser can be found by clicking the three-bar menu icon on the top left).

Step 3. Head to https://vee.finance/ using the search bar and click [CONTINUE] to enter Vee Finance. You are now connected to Vee Finance on Metamask.

How to Use WalletConnect?

The process of using WalletConnect to connect to Vee.Finance is different on mobile and desktop browsers. If you have issues connecting, which occasionally happens, go back to the beginning and try all the steps again.

Step 1. Click the [Connect Wallet] button if you are using a desktop browser to access Vee Finance. You will now see a pop-up presenting different options for connecting your wallet. Click [Wallet Connect] to display a QR code.

Step 2. We will use this QR code to scan with your WalletConnect enabled mobile wallet. In our example, we will connect using imToken.

Step 3. In imToken, head to [Wallet] and then click the scan icon on the top right corner. This selection will bring up your camera for you to then scan the QR code.

Step 4. Once you have scanned the QR code, a pop-up will appear in your wallet. Click [Allow] to give Vee Finance a request to interact with your wallet, you will be successfully connected.

Step 5. You can also connect to Vee Finance within your mobile device’s browser. In this case, follow step 2 as per usual. However, instead of seeing a QR code, you will find a list of wallets to choose from. Select your wallet, in our case the imToken option, and you will be back at step 4.

How to access Vee.Finance on Coinbase Wallet

Step 1. Navigate to Settings on Coinbase Wallet mobile app, select Default Network, then Avalanche C-Chain network or HECO from the list.

Step 2. Click [Connect Wallet] if you are using a desktop browser to access Vee Finance. You will now see a pop-up presenting different options for connecting your wallet. Click [Coinbase Wallet] to display a QR code or install the Coinbase Wallet extension.

Step 3. Scan to connect. In Coinbase Wallet, head to [Setting] and click [WalletLink]. This selection will bring up your camera for you to scan the QR code. Once you have scanned the QR code, your wallet will be successfully connected with Vee Finance.

Step 4. Or install the Coinbase Wallet extension to access Vee Finance. Click here to learn how to install Coinbase Wallet extension. We do not recommend this way because of connecting issues, which will be occasionally happened.

Step 5. You can also connect to Vee Finance visa Coinbase Wallet’s app browser. In this case, navigate to “DApps” on Coinbase Wallet. Head to https://vee.finance/ using the search bar and click [CONTINUE] to enter Vee Finance.

Step 6. Under Vee Finance’s Wallet Manager, click [Coinbase Wallet]. You are now connected to Vee Finance on Coinbase Wallet.

How to access Vee.Finance via Huobi Wallet?

Step 1: Navigate to [Wallet] on the Huobi Wallet app, click [Add Wallet], then AVAX or Huobi ECO Chain network from the list. Follow the prompts until the wallet is added.

Step 2: Head to [Brower] and enter ‘vee’ in the search bar, then select VEE on HECO or AVAX based on your wallet network settings. Click [CONTINUE] enter Vee.Finance Dashboard.

Step 3: You can also use a desktop browser to access Vee.Finance. In this case, Click [Connect Wallet] in the upper right corner of the Dapp and select Huobi Wallet on the pop-up page. You are now connected to Vee.Finance on Huobi Wallet.

Why do Crypto and Stablecoin Sector have USDT?

The USDT in these 2 Sectors are the same asset, the difference is that Vee.Finance sets different parameters for the assets in different sectors for users with different lending needs. View the parameters of each asset here.

How much would I pay in interest?

The interest rate you pay for borrowing assets depends on the borrowing rate which is derived from the supply and demand ratio of the asset. You can find your current borrowing rate at any time in the Borrowings section of your dashboard.

How do I pay off all the AVAX loans?

If you want to pay off all your AVAX loans, click on "max" in the repayment dialog instead of entering the repayment data manually. After confirming the transaction, the Borrow Balance of AVAX will show less than 0.0001, which means you have paid off all your AVAX loans.

How do I avoid liquidation?

Vee.Finance allows users to borrow assets and It requires maintaining its collateral ratio above the market limit, otherwise, it could be liquidated. In order to avoid the reduction of liquidation, you can repay the loan or supply more assets.

Has Vee.Finance been audited?

Vee.Finance smart contracts were Audited by SlowMist. However, security audits don't eliminate risks completely. Please do not supply your life savings, or assets you can’t afford to lose.

Claim $VEE

Users will be qualified for a portion of the mined VEE if they contribute capital to the protocol, such as supply or borrow assets, provide liquidity in the farm pool, or stake $VEE. The VEE token you have mined will be shown in your account, which is on the top right.

To claim your VEE tokens, here are the steps.

Step 1. Click the "VEE" icon in the top right corner, and In the pop-up page, select the VEE you want to claim, the VEE reward sources are classified as crypto, stable coin, and Farm. Then click "Claim To Vault".

Step 2. After the transaction is confirmed, click on "Claim to Vault" in the pop-up dialog box. Then you can click "Claim to Vault" or "Go to Farm".

Step 3. If you click "Claim To Vault”, Go to the "Vault" dashboard and click "Release" to start the linear release on the number of VEE tokens.

Rules for linear release: 10% of the total VEE tokens will be released immediately to the wallet, the remaining VEE will be linearly released in the next 90 days.

Step 4. You can always withdraw the released shares to your wallet by clicking "Withdraw" on the Vault page, or farm at any time to earn more rewards, or accumulate the released shares and withdraw them at once, to save some gas fee.

Note: you can withdraw once in an hour, please do not click withdraw repeatedly, if you want to release the newly mined VEE linearly, you need to click the Stop Release button and claim the new VEE mined.

Step 5. Or click “Go to Farm“, you can go to the "Farm" dashboard, add VEE to the mining pool and earn rewards. Please click here for the detailed farm operation.

Tokenomics

VEE, the native token of Vee Finance, was by nature designed to achieve full decentralization. The VEE token is an ERC20, Ethereum based token, which serves as the connector of the Vee Finance protocol.

What is VEE used for?

• Liquidity Mining: Miners will be qualified for a portion of the newly mined VEE if they contribute capital to the protocol. Time and value are the two keys in the VEE distribution calculation. The number of newly mined VEE will follow a profit allocation curve.

• Governance: We strongly believe in decentralized governance, and that is why we have designed a governance framework. VEE tokens are by nature to represent token holder’s voting rights. Each VEE token entitles token holders to one voting right. The framework ensures a prosperous, secure, and healthy community.

Community voting would include, but not limited to:

1. New tokens supported as collateral

2. Highest leverage on each token

3. Partnerships with new DExes

VEE Token Allocation

VEE will issue 10,000,000,000 tokens.

Summary

Vee Finance, a DeFi lending platform for traditional financial users, lowers the threshold for traditional financial users to participate in DeFi through a more friendly product experience, by adding the option of DEx, it pioneers the function of leveraged lending, which makes the capital efficiency improved. In any lending platform, there are two types of users, suppliers, and borrowers.

The needs of the two types of users are completely different:

• The needs of suppliers: safe tokens and high returns

• The needs of borrowers: convenience and acceptable costs, increase the capital efficiency.

Compared to typical lending services on the market today, Vee Finance has the following features:

For suppliers, it provides:

1. More token options

2. Support for multiple public chains and cross-chains through the Token Bridge, Vee Finance enables the movement of tokens across multiple public chains, helping users maximize their returns.

3. New fixed-rate deposit option for traditional financial users

4. For new cryptocurrency users, it adds fiat deposit aggregation and will support Wyre direct fiat deposit

5. Support for NFT tokens

For borrowers, it provides:

1. Unique embedded arbitrage mechanism for lending and trading: digital currency markets show cyclical fluctuations, and the sudden and unpredictable nature of the fluctuations makes the risk of investment not easy to manage. Vee Finance provides an embedded arbitrage mechanism that allows for precise profit-taking during the upward cycle of the digital currency market, thus ensuring the relative stability of returns.

2. Parametric market: Vee Finance provides flexible parameter control of the arbitrage mechanism. For entry-level users, Vee Finance provides default configurations based on artificial intelligence and big data recommendations. At the same time for professional users to provide flexible parameter configuration.

3. Integrated DEx option to allow leveraging of collateralized borrowings for trading

4. Automatic repay feature