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Table of contents The basics of borrowing in DeFi Introduction to Aave The importance of Loan-To-Value Watch the Health factor Step-by-step guide to borrowing on Aave The basics of borrowing in DeFiDeFi allows people to borrow cryptoassets from a pool of lenders。By creating a liquidity pool, and thereby contributing liquidity on Verse DEX, you can earn a share of the trading fees generated from the trades that leverage the liquidity provided。And that’s it! By staking VERSE, you’ll automatically start earning Bitcoin rewards。If you lose your key, you lose access to your digital assets! Backing up your walletWhen you first install the Bitcoin。Press the “Swap” icon: This will open up a Swap view。The Bitcoin。Confirm the transaction and you're done! You will receive liquidity pool (LP) tokens (eg。What is ETH used for?Just like Bitcoin and Bitcoin Cash, ETH can be used as a peer-to-peer "permissionless" digital currency。com Wallet app。Prizes are denominated in VERSE tokens。Second is the inclusion fee, or tip, which is paid to network validators。If the fee you attached to your submitted transaction is too low and network congestion remains high, there's a chance your transaction will stay pending。If there is an optional recipient message / additional information field, please also enter your unique reference code there, especially if your bank is Bank of Ireland or AIB Bank in Ireland。For example, if you have USDC in your portfolio, tap on USDC from the Home tab。Press the “Enable USDC” button。com Wallet, approve the connection request。If you have any questions and are using the Bitcoin。When you’ve decided on an asset to deposit, click the “Supply” button。Getting VERSE on PolygonIn the United States and United Kingdom You can purchase VERSE on Polygon (fxVERSE) on our website here。Once you have entered all 12 words, the button at the bottom will change color, allowing you to tap it and complete the process。The bot then sells token A to profit from the attack。com Wallet app。Read more: Why is my Polygon transaction pending and what can I do about it? Polygon fees in detailThe cost you pay for a transaction on the Polygon PoS network is two-fold。As you can see, the estimated amount of VERSE to receive is 1,015,464。Step-by-step guideVisit Blockchair。The recipient's balance will be updated immediately, and they'll be able to use the bitcoin cash as normal。This will consume ~150,000 gas units。Introduction to Verse FarmsVerse Farms are a collection of smart contracts on Bitcoin。Connect: Within the swap widget, scroll down and click on “Connect Wallet”。If you lose the phrase, you’ll lose access to your shared wallet in the event you can’t access your phone。Please refer to the identity verification FAQ page。🔎 If you haven't purchased before, you will need to enter your payment method details (eg。Tap on the transaction you want to resubmit or cancel。You'll need to submit:Digital photo(s) of a valid identity document3D liveness check (requires camera access)The accepted identity documents are:National ID card (both sides)Driving license (both sides)Passport (currently not supported for US-resident customers)Tips for submitting photos of your identity documents:Color photos onlyHigh resolution, not blurry, no flash, and with all details clearly visibleOriginal photos only (no screenshots and photos can't be edited in any way)All four corners of the document must be visible in the photoDocument must be valid for at least three months from the date of uploadSignature is shown on the original documentThe document is not physically damagedEssential information on the document is printed in Latin characters (documents with Japanese, Chinese, Arabic, Hebrew, Thai etc。This means that you must have a balance of MATIC in your wallet in order to execute any type of transaction on the Polygon network。Here's a guide on how to borrow in DeFiStep-by-step guide to withdrawing from AaveHere’s how to withdraw cryptoassets from Aave: Go to https://app。You can choose between manually depositing equal amounts of both pool assets or depositing one of the two pool assets only。If you chose one of the three presets, your transaction most likely just needs a bit longer to confirm。000000001 MATIC (10-9 MATIC)。They are more cost efficient by needing less overhead in terms of workforce, materials, and real estate。Integrations with services where you pay with crypto for travel, games, software, and more。Top up the balance。com Wallet app constantly monitors the market rate for 'gas' (which is how fees are measured in Polygon) to arrive at the optimal gas price (and therefore fee) for your transaction。This is the address that participants can provide when, for example, requesting a payment。If you are in a consensus trade, i。This means that it’s entirely possible for the dollar value of your liquidity pool tokens to increase while you are still in an IL position。com Wallet app, for now we recommend trading on the Verse DEX using MetaMask。Verse DEX aims to bring everyone permissionless and non-custodial trading access, with a special focus on people new to DeFi。For example, if you select WhatsApp, you'll be prompted to choose from your WhatsApp contacts。Essential information on the documents must be printed in Latin characters (documents with Japanese, Chinese, Arabic, Hebrew, Thai etc。1️⃣ From your Wallets home screen。com Wallet app。They are kept only on your device。Select the wallet address you’d like to receive your Bitcoin or cryptocurrency。Enter a name for the wallet (eg。Is the VERSE token sale still ongoing?No, the sale completed December 1, 2022 at 0:00 UTC。Select Wallet Type: - Choose “Standard Wallet。You can also directly interact with Decentralized Apps(DApps) on the Polygon network using the Bitcoin。How does Avalanche work?Avalanche uses a unique consensus mechanism built on top of Proof-of-Stake (PoS)。com Wallet app。Read more about this here。Enter the email address you used to restore your wallet。Learn more about Verse DEX here。com Wallet — Send & Receive: Learn how to quickly and easily send & receive any of the most popular cryptocurrencies。Follow these steps to back up your wallets with our cloud service:From the home screen, tap on the Settings icon in the bottom-right cornerSelect "Security Center" If you haven't already, you'll need to sign in with Apple or GoogleCreate a master password**You'll use this password to recover your Wallet if you lose or damage your phone。USD, EUR, GBP)。The next transaction submitted by this wallet will be given a nonce of 2, and so on。Check out this article to get started。Select Your Swap: Choose the chain and token you wish to swap from (e。com Wallet app。Bitcoin) and amount (eg。Once you have MATIC, you will need to swap a portion for VERSE on Polygon (fxVERSE)。Select the "Cancel Card" option。You can also purchase VERSE here。For this reason, the dollar value displayed before the first swap may be different than the dollar value displayed after the first swap。However, if you're in a hurry to have your transaction confirmed, you may need to take action。Recommended action: You will be instructed on how to increase a limit directly in the widget。com GamesA thriving games division under two divisions。Note: Connecting your wallet via the navigation on the top right corner has no effect for now。com Wallet app support for iOS 15 in early 2024。You’ll also be able to see if the transaction is still being processed or if it has already been approved by MoonPay。Decide how much to borrow by typing a number, or clicking the “MAX” button to borrow as much as you can based on your available collateral。cash in your bank account, withdraw to your card) it takes between 30 minutes and 5 days to receive the funds。Most subsequent transactions will be processed within about 20 minutes, but occasionally, during periods of congestion, it may take longer。🔎 If you haven't purchased before, you will need to enter your payment method details (eg。For more information on Verse Farms, please see the Verse Farms FAQ page。Tap on "Hide Balances" (green is on/white is off)。These are called “pools,” or sometimes “liquidity pools。You can check gas rates using a tool like https://polygonscan。Verify using your 2FA code if you have set up 2FA。Backing up your Bitcoin。To perform the same functions as a hard refresh shortcut, you will have to:Open the Settings app on your iPhone/iPad。What is the automated cloud backup service?With the automated cloud backup service, you’ll create a single custom password that decrypts a file stored in your Google Drive or Apple iCloud account。com Wallet app, approve the connection request and you’re done!Desktop On your desktop device’s browser, navigate to the DApp you’d like to use。For smaller transactions, one or two confirmations may be sufficient。Anyone can initiate a burn of the tokens in the Engine by sending 10,000 VERSE to the Engine。What can be done if I lose my cloud backup password?We are very sorry that you lost your password, however this is not something we can recover unfortunately。Ensure that you are sending the right token eg。Recommended actions: Use Apple Pay/Google Pay or bank transfer wherever possible depending on the region。Tap on the Options button in the top right of your screen