1H
0.32%$0.0156
24H
0.01%$0.0005
7D
30.0%$1.13
30D
4.05%$0.1907
Venus is an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain (BSC).
The protocol introduces a simple-to-use crypto asset lending and borrowing solution to the decentralized finance (DeFi) ecosystem, enabling users to directly borrow against collateral at high speed while losing less to transaction fees. In addition, Venus allows users to mint VAI stablecoins on-demand within seconds by posting at least 200% collateral to the Venus smart contract.
VAI tokens are synthetic BEP-20 token assets that are pegged to the value of one U.S. dollar (USD), whereas XVS tokens are also BEP-20-based, but are instead used for governance of the Venus protocol, and can be used to vote on adjustments – including adding new collateral types, changing parameters and organizing product improvements.
The governance of the protocol is entirely controlled by XVS community members, since the Venus founders, team members and other advisors do have any XVS token allocations.
Forks have become a powerful tool used in blockchain development. They help in solving various issues suggested by blockchain users. The guide below describes two types of forks: soft and hard forks.
This guide will provide you with information about our DeepSnitch (DSNT) price predictions through 2030, analyze its growth potential, and outline the risks associated with investing in the token.