#Kava Deep Dive — @AnnexFinance, the $2.3M+ TVL protocol building a decentralized marketplace for lenders and borrowers with borderless stablecoins.
Let’s dive in 🧵 1/
2/ #Annex is a crypto lending, DEX, and NFT platform on #BSC and @cronos_chain. Their decentralized trading protocol allows access to an immutable money market on-chain.
Using the BEP-20 standard, all Annex assets are bound together for fast, secure, and low-cost transactions.
3/ Annex Finance coin $ANN guarantees liquidity for millions of users and hundreds of applications.
Funds held within the protocol can earn #ANN based on the market demand for that asset and can be used as collateral to borrow assets or mint stablecoins.
4/ #AnnexFi has a strong track record, with a TVL of $2.3M+, $201B in all-time volume, 72K+ liquidity providers, 40M+ all-time trades, and 200+ #DeFi integrations.
Their platform allows users to earn interest on their assets and participate in decentralized auctions.
5/ Annex’s #NFT marketplace showcases art, censorship-resistant domain names, virtual worlds, trading cards, sports, and collectibles.
They also provide money markets built on #BinanceSmartChain, allowing users to tokenize their assets.
6/ #AnnexFinance is right at home in the #KavaRise program, with its superpowers for DeFi developers and features such as programmable liquidity, flash swaps, and oracles.
We’re stoked to see what Annex does with its $KAVA rewards 👀
twitter.com/AnnexFinance/status/1559165800686047235