What is VENUS (XVS) Token?
The #VENUS (#XVS ) token is the native token of Venus Protocol, a decentralized finance (#DeFi ) protocol based on Binance Smart Chain (#BSC ).
#VenusProtocol allows users to borrow, lend and make other financial transactions with crypto assets.
The XVS token is used as the governance token of the Venus Protocol, and users can hold XVS to have a say in the governance of the protocol.
The XVS token is also a reward token used to incentivize users to provide liquidity to the protocol.
For transactions performed on the protocol, users can earn XVS tokens. Therefore, the XVS token functions as both a governance token and a reward token for Venus Protocol users.
