Venus XVS

1. Summary

Ranks

Liquidity

96

Developer

82

Social

97

Momentum (beta)

51

Stack Rank™

81

Price

$7.26 -0.7%

Market Cap

$117.34M (#351)

Supply

15.91M / 29.75M

Tags

Binance Smart Chain Ecosystem DeFi Lending/Borrowing Binance Launchpool Ethereum Ecosystem BNB Chain Ecosystem

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Price
52W High price	$17.65
52W High date	1st Apr 2024 (3 months ago)
All Time High (ATH) Date	10th May 2021 (3 years ago)
ATH Price	$146.82
% From ATH	-93.95%
All Time Low (ATL) Date	6th Oct 2020 (3 years ago)
ATL Price	$1.65
% From ATL	436.9%

Supply & Trading Volume
Trading Volume (24h)	$6.49M
Total Supply	29.75M
Max Supply	30.00M
Circulating Supply	15.91M

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Description

Venus is an algorithmic money market protocol built on Binance Smart Chain. It enables users to supply collateral, earn interest on that collateral, borrow against it, and mint on-demand stablecoins. The protocol is forked from Compound and MakerDAO, bringing the benefits of both systems into one. Venus allows for fast, low-cost transactions, utili...

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Venus is an algorithmic money market protocol built on Binance Smart Chain. It enables users to supply collateral, earn interest on that collateral, borrow against it, and mint on-demand stablecoins. The protocol is forked from Compound and MakerDAO, bringing the benefits of both systems into one. Venus allows for fast, low-cost transactions, utilizing the Binance Smart Chain and accessing a deep network of wrapped tokens and liquidity.

Venus Key Features:

• Supply cryptocurrencies and stablecoins and earn APY.
• Mint stablecoins from supplied collateral.
• Borrow cryptocurrencies and stablecoins over-collateralized by supplied assets, without credit checks, and with fast origination directly on Binance Smart Chain.

XVS Token

The Venus Protocol is governed by the XVS token. The token's key metrics include:

• Token name: Venus
• Ticker: XVS
• Blockchain: Binance Smart Chain
• Token Standard: BEP-20
• Contract: 0xcf6bb5389c92bdda8a3747ddb454cb7a64626c63
• Token use cases: Governance
• Circulation supply: 11,141,598 XVS
• Max supply: 29,960,733
• Total supply: 29,960,733 XVS

Governance

XVS tokens are used for governance, enabling holders to propose changes and vote on the development and management of the protocol. This includes adding new cryptocurrencies or stablecoins, adjusting variable interest rates, and setting fixed interest rates for synthetic stablecoins.

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