contract: Venus (XVS) - June 2024 Price Update - 7.84% Breakout Crypto News and Analysis

Cute, funny and a little bit crazy!!!

Explore the Core.

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.

Explore the Core.

They don't seem to have any major problems they are solving currently 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.

Donmello

Explore the Core.

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.

Spot the Main Event:

Following the community proposal [VRC] Deploy Venus Protocol on Arbitrum, and the associated snapshot, if passed, this VIP configures the bridge contract between Arbitrum one and the supported networks (BNB Chain, Ethereum, opBNB) using LayerZero (snapshot). After the execution, it will be possible to send XVS from Arbitrum one to any supported network and vice versa.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.