ApeSwap Lending Protocol Close to Launch

ApeSwap has conducted an AMA with its community in preparation for its lending protocol launch on November 22nd.

By
Robert D. Knight
on
November 22, 2021
Category:
BSC News

ApeSwap Lending

ApeSwap recently conducted an AMA with its community to answer questions about its upcoming leading protocol launch. ApeSwap has partnered with Ola Finance to make the lending protocol a reality, with the service going live on November 22nd, from 10 pm UTC. 

Ola Finance joined ApeSwap on their Reddit page on Sunday to answer questions pitched by the ApeSwap community. During the AMA, it was confirmed that eight assets will be supported through the lending protocol on launch. The eight supported assets will be:

  • BANANA
  • BNB
  • ETH
  • BUSD
  • CAKE
  • USDT
  • BTC
  • USDC

It was further confirmed that $120,000 in BANANA rewards would be made available to users during the 30 day beta period for the protocol.

“ApeSwap is a major partner of Ola, and it's our top priority to make sure that it fulfills ApeSwap's goals. Usability is our top priority,” proclaimed Ola Finance.
News on the ApeSwap lending protocol is now Ser | Source

Nature of Partnership

During the AMA, ApeSwap and Ola Finance clarified how the two will be working together.

“Ola Finance is a ‘lending as a service’ project which helps create/maintain/consult a lending network for different projects,” said ApeSwap. “We are launching a network-specific for ApeSwap where the core team and eventually governance gets the final decision on which markets are added and their configurations. We have been working with the team to improve the UI for the best user experience and will be taking feedback from the community once launched.”


About ApeSwap 

ApeSwap is a leading DEX on the BSC, which offers users the best trading experience. ApeSwap is a blend of a decentralized exchange, yield farming, staking, and an automated market maker (AMM). ApeSwap users are urged to partake in its liquidity pool offerings via yield farming to earn its native BANANA token. What's more, these earned tokens can be used to stake and earn other tokens and unlock deluxe features. 

For more information about ApeSwap, visit the platform's media links: 

Website | Twitter | Medium | Telegram

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Robert D. Knight

Robert D. Knight is an experienced journalist and copywriter who has been working in crypto for 4+ years. His bags are heavy in ETH and BTC, plus he also hodls some smaller cryptocurrency.

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