To extend users’ opportunities to increase profits when holding XVS and SRM, starting from March 1st, ONUS officially enables the Staking Daily feature for these tokens.
As a result, individuals with 1 XVS or 10 SRM on the ONUS application will earn a profit of 3% each year, or 0.008% every day. Interest is paid daily in VNDC, calculated based on users’ XVS or SRM balances at 0:00 (UTC+7) each day.
XVS is a token that operates on the Venus platform, a decentralized finance (DeFi) platform that enables users to borrow cryptocurrencies and create synthetic stablecoins on the Binance Smart Chain. XVS primarily acts as a Governance token and can only be earned through Binance LaunchPool projects or through providing liquidity to the protocol. XVS tokens are used to vote in governance decisions such as product improvements, new collateral integration, platform parameter changes, etc., among other functions.
SRM is a utility token used in the Serum ecosystem, a decentralized exchange (DEX) that operates on the Solana blockchain aims to expand and increase liquidity for derivatives, addressing some of the gaps and structural limitations of the current DeFi. SRM can be used to pay transactions fees, staking,…Its cross-chain swap protocol allows users to exchange assets between blockchains with ease.