Davos climbers, gather around for another Davos Explained series 🤓

Today, let's explore the DeFi landscape, featuring titans like @VenusProtocol, @compoundfinance, @MakerDAO, and our very own DUSD 🏔️

Get ready for another Davos Explained in 3...2...1...👇

1️⃣ $DAI @MakerDAO

$DAI is managed by MKR token holders and supports over 400 dApps and services.

As the third-largest stablecoin, it is widely used in the Ethereum ecosystem, offering an alternative to fiat-backed stablecoins like $USDT and USDC.

2️⃣ Compound @compoundfinance

The OG of decentralized lending, offering you the chance to earn interest or borrow against your crypto. It's the financial summit for your assets, with rates adjusting dynamically to market conditions.

Decentralized lending lets you earn interest or borrow against your crypto. You get liquidity from borrowed stablecoins and capital gains from your growing crypto collateral. You don't need to sell your crypto to get extra capital.

TLDR: The borrower keeps their crypto and still gets more capital.

3️⃣ Venus Protocol @VenusProtocol

Venus Protocol is a lending platform on BNB Chain. Users can supply collateral or borrow with over-collateralized crypto. Lenders earn interest, while borrowers pay it. Rates are based on demand, with governance setting limits.

Users get vTokens from collateral and can borrow up to 50% of their collateral value to mint VAI. Interest rates are fixed and governed by the protocol.

Venus is a rising star on BNB Chain, combining lending, borrowing, and more in one ecosystem. It offers quick transactions and low fees.

🏔️ Last but not least: Davos Protocol 🏔️

Now, let's talk about our very own DUSD. We're pioneering a new path in reward bearing assets, letting you mint DUSD against not only your LSTs and LRTs but also your Venus, Compound, and $DAI positions.

This opens up a world of possibilities, allowing you to unlock additional liquidity from your existing assets while continuing to earn yield and climb to new financial heights withing our DeFi integrations 🏔️

With seamless cross-chain capabilities via the Davos Bridge, your DUSD can explore a vast array of DeFi opportunities, maximizing your earning potential.

Choose the asset that is solid as a rock and stable as a dollar, and let's conquer the summit of financial freedom together 🧗

Start your ascent here → https://t.co/thH9G8fSAl