1H
0.25%$0.0075
24H
1.87%$0.0554
7D
-0.86%$0.0262
30D
11.1%$0.3025
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.
In this guide, we will explore the concept of atomic swaps, understand their essence, how they work using smart contracts, the story behind the first successful atomic swap, and the significance they hold in achieving a more decentralized and interoperable crypto ecosystem.
IDOs presents broad opportunities for upcoming DeFi projects. Nowadays, more and more of them are choosing Decentralized Liquidity Exchanges to promote their work through an Initial Dex Offering. Let’s have a deeper look at this fundraising model.