$XVS

Venus (XVS) is a decentralized finance (DeFi) protocol operating on the BNB Smart Chain (formerly Binance Smart Chain). It functions as an algorithmic money market, enabling users to lend and borrow various cryptocurrencies in a decentralized manner. Additionally, Venus allows users to mint synthetic stablecoins, such as VAI, which is pegged to the U.S. dollar.

Key Features of Venus (XVS):

Lending and Borrowing: Users can supply assets to the protocol to earn interest or use their supplied assets as collateral to borrow other cryptocurrencies.

Synthetic Stablecoins: Venus enables the minting of VAI, a synthetic stablecoin pegged to the U.S. dollar, which is collateralized by the assets supplied to the protocol.

Decentralized Governance: XVS token holders participate in the governance of the protocol, including decisions on system upgrades, new collateral additions, and changes to parameters.

Market Data (as of January 3, 2025):

Price: Approximately $9.21 per XVS.

Market Capitalization: Around $152 million.

Circulating Supply: Approximately 16.5 million XVS tokens.

24-Hour Trading Volume: Approximately $4.68 million.

Historical Performance:

All-Time High: XVS reached an all-time high of approximately $147.02.

All-Time Low: The all-time low was approximately $0.00007171 BTC per XVS.

this is for information only.DYOR.