Official Launch Of TRAVA Lending Pool And Liquidity Mining Program

Republished By Plato

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Fellow Trava Knights!

We are proud to announce the Trava Lending Pool will be officially live this Thursday, Sept. 16th 2021 at 3:00 UTC P.M.

This event marks a significant milestone in the development of Trava. With the mission to create a ground-breaking lending protocol and give a great opportunity to all users to get experience with such lending protocols, we offer a Trava Lending Pool, which allows users to deposit, borrow assets in Trava’s Pool to make profits. By participating in this pool, users can now get enormous earnings in an effortless manner.

Deposit: Users can deposit their assets to Trava Pool to earn APY. This APY depends on the deposit/borrowing demand in the pool.
Borrow: When users want to use a type of asset (which they do not possess in their wallet) to do business without selling their holding assets, they can deposit these available assets as collateral to borrow favorable assets. By this way, they can still do business on any assets they want without losing their holding assets.
Withdraw: After depositing, users can withdraw their cryptocurrencies anytime they want. However, as the deposit’s interest accrues over time, so the longer the deposit period, the bigger the interest they will earn.
Repay: When borrowing, users can pay back all or part of their loans. Users should adequately manage their repaying to avoid being liquidated collateral.

The first version of Trava lending pool supports seven types of assets in the pool, including:

USDT
USDC
DAI
BUSD
WBTC
WETH
BNB

In addition, other tokens will be supported later.

To celebrate this great event, and encourage the deposit and borrow actions, we are thrilled to announce the W1 Liquidity Mining Program. It will be a great opportunity for Trava Knights who want to earn more profits besides interest taken from the lending pool. In 7 days from the opening event, we will give out 5.250.000 $TRAVA as rewards for depositors and borrowers, in the period: from 03:00 PM UTC 9/15/2021 to 03:00 PM UTC 9/21/2021.

In this special program, when conducting depositing or borrowing transactions, users will receive two types of rewards:

(1) APY — interest rate based on deposit-borrow demand in the pool, and

(2) APR — reward from the liquidity mining program. The APR reward distribution of the Liquidity program is as below:

Total program reward: 5.250.000 $TRAVA
The total reward for deposit transactions of each asset: 500.000 $TRAVA
The total reward for borrow transactions of each asset: 250.000 $TRAVA

Note 1:

The reward will be distributed by $TRAVA
The sooner staker you are, the greater reward you receive as APR is calculated based on the TVL of the pool.
In terms of instruction, there will be a detailed guideline to help you efficiently access the Lending Pool. We will publish this document later.

Let’s take an example for your deposit action:

Assume that the price of one TRAVA token is 0,01$, then:

Concretely, a user deposits 50.000 BUSD and the TVL of this asset after the user deposits is 500.000 BUSD. The user will get 50.000 $TRAVA in 7 days. The APR that this user gets is 52,14%. It is 4,5 times more than the Trava staking program https://staking.trava.finance (APR of BUSD is 11.51% when staking value is 500.000$). So, moving to the lending pool or providing liquidity is the best choice for users. Remember that simultaneously, the users also get lending pool interest that depends on the deposit and borrow numbers.

The reward mechanism is similar to the borrow action (different total reward as presented above).

Note 2:

To follow the enthusiasm of this event, an inclusive Farming Pool will be open only for users who participate in the W1 Liquidity Mining Program. To be more specific, users, who get rewards from W1 Liquidity Mining will have a chance to use these rewards to stake in the Farming Pool with high APR. Therefore, joining the W1 Liquidity Mining program will be an essential stepping stone to join Farming Pool and receive great earnings (get TRIPLE interests at the same time: from (1) APY of lending pool, (2) APR of liquidity mining reward, and (3) farming interest).

Trava Finance is the world’s first decentralized marketplace for cross-chain lending. While existing approaches provide only one or a few lending pools with their own parameters such as borrow/supply interest rate, liquidation threshold, Loan-to-Value ratio, or a limited list of exchangeable cryptocurrencies, TRAVA offers a flexible mechanism in which users can create and manage their own lending pools to start a lending business. Trava is deployed on the Binance Smart Chain and allows for lending with BSC tokens first; we then enable cross-chain lending with various tokens on Ethereum and other blockchain networks.

Source: https://medium.com/trava-finance/official-launch-of-trava-lending-pool-and-liquidity-mining-program-a9b3e65cb2e5?source=rss——-8—————–cryptocurrency

Time Stamp: September 14, 2021