Vee Finance, a decentralized finance platform, has officially confirmed its hack on Avalanche. On September 20, the hacker managed to transfer funds worth $35 million. In terms of assets, it was 8804.7 ETH (around $26 million) and 213.93 BTC (around $9 million). According to the report, the stablecoin was left untouched. As for the hacker, the report confirms that they have not yet transferred or processed the funds. The team is working to provide more details of the incident. Further,…
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On June 3, 2020, Bitrue, a cryptocurrency exchange based in Singapore, announced via Twitter that they had unveiled a new way for users to earn passive income on their idle digital assets.
By using Power Piggy, users can now earn passive revenue on their EOS coins at a baseline interest of 5.3%, starting with the interest distribution on June 5 at 16:00 UTC.
Bitrue allows cryptocurrency holders to earn interest on their holdings by lending them out to borrowers. There are two-time windows each day at 10:00 (UTC+8) and 22:00 when users can invest their EOS, LTC, or BCH.
Deposits can be withdrawn at any time, and interest on locked EOS coins is paid out each day, making the program a great way for crypto lovers to experiment with non-legacy financial platforms.
Users can also choose the “Fixed-term investment,” where their funds are locked up for 30 days in exchange for higher interest rates.
EOS Comes To Piggy Power
The Power Piggy program is a way for you to earn interest in a wide range of cryptocurrencies, including many popular coins such as XRP, BTC, ETH, and most recently, EOS, LTC, and BCH.
Rates are adjusted occasionally and are currently 5.3% for BTC and ETH and 10.3% for USDT.
So far, the Power Piggy program has attracted a lot of attention from the wider crypto communities. Bitrue users can also conveniently take out a crypto-backed loan to use borrowed coins on other investment opportunities.
Lock BTR to Earn Higher Rates
To provide long-term sustainability and give a greater value to holders of their platform token, BTR, Bitrue offers lucrative rates on various coins for holders who stake the platform’s native token via the VIP Cap feature.
The main aim of the VIP Cap feature is to maintain a healthy and sustainable ecosystem around the Bitrue exchange as well as to enable BTR holders and long-term investors to maximize their investment capabilities.
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