USDT and USDC on BNB Chain
Your dollars, in the better market.
Aave and Venus both pay interest on dollars, and the better one keeps changing. Reason holds your USDT or USDC in whichever pays more and moves it when that flips. No owner. Withdraw any time.
Yearly rates read from the Aave v3 and Venus contracts on BNB Chain, before the 3% fee.
You put in USDT or USDC and get vault shares. The money goes straight into whichever of Aave v3 and Venus pays more right now.
Interest builds up inside the market. Your shares are worth more every block, nothing to claim or compound.
When the other market pays at least 0.20% a year more, anyone can move the whole vault there. At most once every 6 hours, so a brief spike can't push it around.
Your dollars come back with the interest, from the market they sit in or from the other one. No lock, no notice, no exit fee.
3% of the interest earned, paid as vault shares. Nothing on deposits, withdrawals or moves.
Nobody holds a key
The markets are fixed when the vault is deployed. No admin can pause it, upgrade it or send your money anywhere.
Aave and Venus only
The two largest lending markets on BNB Chain, holding over $200M in dollars between them.
Not audited
Reason is small and tested on a copy of BNB Chain. A market can be short of free cash for a while. Start small.
$REASN
3% of the interest the vaults earn is the protocol fee. Protocol fees are used to buy back and burn the token.
About the token- 01Interest comes in
3% of it is minted to the treasury as vault shares.
- 02Buyback
The treasury buys the token in its pool on BNB Chain.
- 03Burn
Bought tokens go to the dead address, counted on the token page.
Questions
Why not just pick the higher one myself?
You can. The lead changed 15 times in the last year on USDT alone, and each switch is two transactions you have to notice. Reason watches it for every holder at once.
Can I always get my money out?
Whenever the markets have free cash, which is almost always: tens of millions of dollars sit unborrowed in each. If one runs short for a while, withdrawals take from the other first.
What do I get back?
Vault shares, an ERC-4626 token. Each share is worth more as interest builds up. The app shows what you put in and what you earned.
Are the Venus XVS rewards included?
No. Reason counts only the base supply rate of each market, the part paid in USDT or USDC.