We are pleased to announce that we have had 17,000 borrow events as a result of the efforts of the entire Chee Finance family. We appreciate everyone who took part in our Testnet and helped us out. Thank you all for entrusting us.
Chee Subgraph
You can quickly review our subgraph to get all the number of participants in TransferEvent, MintEvent, RedeemEvent, LiquidationEvent, BorrowEvent, RepayEvent, etc.
Celo Alfajores Testnet subgraph:
https://thegraph.com/hosted-service/subgraph/cheenicey/chee-subgraph-alfajores
BNB Chain Testnet subgraph:
https://thegraph.com/hosted-service/subgraph/cheenicey/chee-subgraph-bsc0
Chee Finance Testnet Update
We've always tried to keep the community informed as we refine Chee Finance's testnet, which hasn't always been easy given that the changes are mostly invisible code updates. Rather than spewing dry, largely incomprehensible jargon, we'll try to communicate some of the more exciting changes we've implemented and demonstrate how to improve your lending/borrowing experience.
Supporting Networks
We have now added the Meter.io testnet and the BNB chain testnet, making our testnet available on three networks. (Testnet Celo Alfajores, Testnet BNB Chain, Testnet Meter) We have decided to accept NFTs as collateral, beginning with Uniswap v3 LP NFTs, which is why we'll be launching on Polygon soon. We have upgraded our frontend several times to provide a better lending/borrowing experience for our users: https://apptest.chee.finance/
How to change the network
To switch the networks, simply click the green button in the bottom left corner of the app.
You'll see the existing networks after clicking that button.
You should confirm the switching process in MetaMask once you've chosen the desired network.
About Chee Finance
Chee Finance is a decentralised money market built on the Celo, Polygon, Meter.io, and BNB Chain networks that offers advanced cross-chain non-custodial FT & NFT liquidity. Users can easily lend, borrow, and earn interest with their digital assets thanks to the innovative Chee Finance protocol. Lenders can choose to ensure liquidity to the protocol while earning passive income by depositing assets. In the lending process, borrowers can use over-collateralization.
About Celo
Celo is the best blockchain for stable coins like the cUSD, cEUR, and cREAL. Celo is on a mission to make DeFi available to everyone in the world who owns a smartphone. It's also Evm-compatible, with a TVL that's rapidly increasing.
About Meter
Meter is a DeFi infrastructure with a crypto-native, metastable currency built in. It works as a highly decentralised, high-performance EVM compatible Ethereum and other public chains side chain.
Meter addresses two major issues:
- For DeFi applications, the lack of a stable, decentralised unit of account is an established value.
- Scalability and interoperability issues with currently available blockchains.
Recent articles:
Chee Finance Testnet Tutorial: https://mirror.xyz/0xDE5710e2A9f657893a4cE47953dFdC846a1E9109/t1iAnELxfWWNHG2YhVq9YaFkWNvqLfSbD_OVSMbvwU4
Chee Finance Announcement on Receiving $60,000 Grants from Celo:
https://mirror.xyz/0xDE5710e2A9f657893a4cE47953dFdC846a1E9109/Shk96CDBSN5hyt-Nx4wjy2IZ1s2eY0T0TF8KRD278_M