Convert 20 XVS to VND today

Venus (XVS) is a decentralized finance (DeFi) platform that enables users to borrow cryptocurrencies and create synthetic stablecoins on the Binance Smart Chain platform. Venus aspires to be a comprehensive decentralized lending platform on the Binance Smart Chain ecosystem.

Venus intends to transform traditional forms of lending into Blockchain-based decentralized protocols. Venus can make the lending process more efficient and convenient for borrowers by allowing them to obtain loans without the need for a credit check or proof of income. The Swipe project team is developing Project Venus, which was launched in 2020.

Venus’s Outstanding Characteristics

• Mortgage lending: A feature that allows users to borrow up to 75% of the value of the property they are offered.
• Profit: Venus allows users to profit by providing backed Crypto Assets as collateral.
• Stablecoin Mint VAI: A feature that allows users to mine VAI (Venus’ synthetic stablecoin, which costs 1 USD). The same collateral used for the protocol is used to generate the VAI. Users can borrow up to 50% of the protocol’s remaining collateral value from their vTokens to VAI.

XVS is a token that operates on the Venus platform, operating on the Binance Smart Chain platform according to the BEP20 standard. XVS primarily acts as a Governance token and can only be earned through Binance LaunchPool projects or through providing liquidity to the protocol. Venus tokens are used to vote in governance decisions such as product improvements, new collateral integration, platform parameter changes, etc., among other functions.