1H
1.35%$0.0755
24H
-2.45%$0.1424
7D
-3.36%$0.1971
30D
-2.52%$0.1466
The DeFi ecosystem has expanded from decentralized exchanges (DEXs) to lending and borrowing facilities, synthetic assets, derivatives, and payment systems.
It may be worthwhile to keep an eye on Binance Smart Chain, one of the emerging DeFi blockchains on the market today.
Binance coin (BNB) is now up over 3688%, 97%, and 38% in the past year, 30 days, and two weeks respectively.
Binance has announced another project on its Binance Launchpool called Venus. Users will be able to get new token rewards in return for staking BNB, BUSD and SXP tokens.
Premier cryptocurrency exchange Binance is set to include 180 fiat currency supported pairs within six or nine months.
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.
With the guide, you will get a clear understanding of the Polygon (MATIC) network that has ambitions of alleviating the problems of the Ethereum network whilst also promoting true and routine blockchain interoperability.
In this article, you’ll get a comprehensive look at what SPELL is, why it’s trending again, and whether it deserves a spot in your portfolio. We’ll explore price predictions for 2025 through 2030.
