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Venus Protocol is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain.Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed. These interest rates are set by the protocol in a curve yield, where the rates are automated based on the demand of the specific market, such as Bitcoin.TelegramWhitepaper (Description provided by CryptoCompare.
Venus Currency Details
Market Capitalization$63.49 million
Coin or TokenCoin
Official Website (Alt)N/A
Message Board (Alt)N/A
Blockchain Explorer (Alt)N/A
About Venus (XVS)
Venus (XVS) Frequently Asked Questions
How do I buy Venus?
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Venus.
Where can I get Venus wallet?
Venus produces its own wallet software that is available for download on its website, which allows you to store Venus on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of Venus?
One Venus (XVS) is currently worth $5.20 on major cryptocurrency exchanges. You can also exchange one Venus for 0.00025855 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Venus in U.S. dollars is $155.85 million.
Venus (XVS) Price Chart for Tuesday, October, 4, 2022