Introduction to #dev DeFi

A basic guide to understand and use #dev DeFi
#dev DeFi is an aggregate lending and borrowing protocol. The protocol is fully decentralized and open-source on the Binance Smart Chain (BSC).
#dev DeFi aims to help users borrow BNB, BUSD and CAKE at low borrowing rates and receive interest for their collateral.


In Markets, users can borrow and lend assets with interest at different vaults.

Vaults & Lending

Under markets, in each asset, there are multiple vaults for users to choose from. Vaults have different risks and rewards. Users can choose to lend their assets to any vault based on their preferences.
Initially, #dev DeFi supports 3 assets which are BNB, BUSD and CAKE. For each asset supported on #dev DeFi, there are multiple vaults for users to choose from. Vaults have different risks and rewards. There are 2 type of vault, Aggregate vaults and Genesis vaults.
Aggregate vaults will deposits your assets to other DeFi protocols on BSC to maximize your return. Recently we have deployed Alpaca vaults which are connected to Alpaca Finance.
Genesis vaults are vaults in which assets are not deposited to any other platforms or smart contracts.


To borrow, users first need to deposit/lend their assets to #dev DeFi. After deposit, users can enable an asset as collateral. Collateral is used to protect lenders' principal in case of liquidation. Once users have collateral in #dev DeFi, they can borrow assets at Borrowing Interest Rates.
By default, #dev DeFi will help users to borrow their desired assets at the lowest interest rates possible. This means that the assets will come from vaults that have lowest borrowing APR and thus lowest lending APY.

What happens when you deposit assets into #dev DeFi?

Each vault will have its own strategy to balance APY and risk for lenders. Once you deposit your asset to a vault, the vault will immediately execute the predetermined strategy.
For Genesis vaults, the assets will stay in the smart contract until someone borrows the assets. For other vaults, usually, the vaults will deposit your assets to other DeFi protocols on BSC to maximise your APY.

Deposit returns

The returns to you for depositing to a vault will be converted to the token that you supplied. This means if you deposit BNB, your will receive BNB in return.

How often is interest compounded?

The frequency of compounding follows the vault that you deposited into. Usually the interest is compounded daily.

Liquidation Market

Has #dev DeFi been audited?

Not yet. We plan to get #dev DeFi audited when there is enough fund in the Treasury.

Where can I find #dev DeFi smart contracts?


What are the risks involves?