hey everyone and welcome back to the channel in this video we're going to be talking about buyers
finance i'll be showing some of this utility some of its different features and how to use their
platform as well as their community just a quick reminder though that this is not financial advice
always do your own research this video is just for education and information purposes only now
let's dive into it now here is the virus finance website and just a quick reminder
that all the websites covered in this video will be available in the link down in the
description below so make sure to go check them out over there so let's start with the basics
and just get a little definition of what virus finance exactly is so over here on their white
paper it says virus finance is a peer-to-contract money market protocol built on waze blockchain it
implements pool based strategy where loans do not need to be individually negotiated and matched as
in p2p based strategy but rather the conditions of lending and borrowing are determined by the
protocol itself algorithmically discovering rates price of money via the equilibrium between supply
and demand so they're essentially a liquidity protocol based for lending and borrowing assets
as you can see right on their homepage you have an option to connect your wallet to start lending
and borrowing and here are some of their assets in their market so as you can see you can supply
and borrow the waves asset usdt usdc and all these different coins as well as bitcoin and ethereum so
pretty cool stuff you guys are able to earn percentage of apr on them as well so the virus
finance is as a protocol actually describes the algorithm of borrowing assets by supplying other
assets as collateral in many aspects it's similar to compound ave lending protocols that we've seen
with the ave a platform do and assets supplied to a marker are actually represented by a liquidity
provider token and named v token so you can these are actually staked automatically upon deposit
as the money market occurs interest which is the function of borrowing demand v tokens
become convertible into an increasing amount of the underlying assets for example earning interest
which is shown over here under the boro apr the apr percentage for each of these assets over here
and for borrowing asset stake v tokens can be used as collateral to borrow from the protocol
as well each market has a collateral factor ranging from 0 to 1 that represent the portion
of the underlying asset value that can be borrowed now the sum of the value of an
account's underlying token balances multiplied by the collateral factors equal a user's
borrowing capacity so users are able to borrow up to but not exceeding their borrowing capacity so
these two now the sum of the value of an accounts underlying token balances
multiplied by the collateral factors equals a user's borrowing capacity so that's how much a
user is allowed to borrow of each asset users are then able to borrow up to but not exceeding their
borrowing capacity so this is a great platform if you are looking to pull out some bitcoin or
ethereum usdt you'd like to borrow some and use it for your own investment portfolio in the meantime
you know it's a great opportunity and great way to get some security within these assets if you don't
have the means exactly currently but you want it for the future now for risk and liquidation if
the value of an account's borrowing outstanding exceeds their borrowing capacity a portion of
the outstanding boring may be repaid in exchange for the user's stake v token at the current market
price minus a liquidation discount this incentives an ecosystem of arbitragers to quickly step in to
reduce the borrowers exposure and eliminate the protocol's risk the proportion eligible
to be closed a close factor is the portion of the borrowed asset that can be repaid and ranges from
0 to 1 such as 25 percent the liquidation process may be continued to be called until the user's
borrowing is less than their borrowing capacity with regards to liquidation threshold so there
is some great opportunity for liquidation but of course that does come with a little risk as you
all can see they actually mention over here their total liquidity which is 1.2 billion or a little
over that and this is actually the total supply of all their markets assets right now as you can
see this is a collective eth btc usdc usdt and all these assets over here so that is the total
liquidity of this platform and in this column is the total debt for each asset that they are giving
out so this is a great opportunity really if you are uh wanting to borrow or make a borrower for
any of these assets definitely check this out and this is a great opportunity and platform
virus finance so let's take a brief overview of the blockchain bridge okay so here's just a quick
disclaimer just showing you that you should be clear of all these information right here before
you get started so then there's the top up then you want to top up your balance with whatever
asset you would like and then transferring over onto the blockchain and then you send it over
and then you can check all your history over here so for this feature you actually need to uh
connect your wallet and then you can actually be having access to all this the splashing gateway
and be transferring different cryptocurrencies and assets so over here is where you would want
to connect your wally click on this and then it'll take you to these steps that will let you connect
your wallet over here now let's take a look at the governance panel and what's going on over here so
locking virus governance grants a share of the revenue stream of every market so every asset that
they have in their market so waves usd and usdt usdc eur n a btc and then eth so gradual unlock
occurs with every block and starts immediately after re-locking the average unlocked time is
eight months distribution is continuous the revenue is distributed every block so every minute
and then here you can have the option to lock 100 virus say for example will turn into revenue
monthly and it'll be this and then you go ahead and lock it connect your wallet of course and uh
go through the whole process of checking out with it then here's the revenue distribution to the dow
as you can see all the assets listed over here the daily distribution the monthly distribution
and yearly distribution and then the total distribution value total up for each of these
assets as we can see each market takes a cut of the interest that borrows pay this revenue
is distributed to virus dow across all virus locked in governance so the benefit of locking
into your virus is actually just showing your commitment to the governance of this project and
this will actually allow you to get your income straight up and paid out monthly through this
locking system and it's pretty good option overall if you are a long-term holder of this
project and really believe in it this will earn you some monthly income as well so great stuff if
you're interested in this project and here's some more information about locking the virus on the
government's uh grants as well over here and then you can also claim your revenue so the revenue
sheet locking buyers governance grants a share of the revenue stream of every market and that's
all their assets listed then the distribution is continuous and occurs every block you can always
lock relock and withdraw unlocked buyers at my virus page and then just shows you and then you
can actually claim your revenue right here and go through the process of connecting your wallet
here is some of the token stats for the virus protocol token as you can see current price is
60 dollars and 62 cents take a look at their community side of things here is their twitter
page as you can see 7 500 followers pretty good and as you can see decentralized liquidity
protocol for the waves blockchain so they are on the weird blockchain like we just covered
and this is just a great place to really stay up to date with their community shows you all
the different announcements and you can get the latest updates on this project what's going on
what partnerships and collaborations they're doing different articles that they're posting you know
uh just cross marketing for this project as well from all their different social media platforms
over on their twitter some different articles over here and whatnot so great stuff to keep
up to date with definitely give them a follow on their twitter have those notifications on
and yeah so all in all buyers finance is a great platform if you're looking to either
borrow digital assets or get involved in this project through their locking system
this has a great ton of features for their project and their token as well and just a quick reminder
all the websites covered in this video will be available in the link down in the description
below so make sure to go check them out over there so thanks again for watching the video if
you enjoyed it make sure to give us a like leave a comment down below on any questions you might have
had about this project subscribe to our channel so you can keep on getting some awesome content
in the cryptocurrency space to help you on your journey that's all for now thanks for being here