Kryptopriser -Venus ETH
veth
Venus ETH
NOK 330.01
24h: -0.06%7d: -5.54%30d: -20.07%1y: -35.46%
NOK 330.01
Venus is a decentralized finance (DeFi) protocol operating on the BNB Smart Chain. It functions as an algorithmic money market and a synthetic stablecoin platform, allowing users to lend and borrow various cryptocurrencies.
The protocol enables users to supply supported cryptocurrencies as collateral to earn interest. Conversely, users can borrow other cryptocurrencies against their collateral, facilitating various DeFi strategies.
The Venus protocol is governed by its community through the Venus Token (XVS). XVS holders can participate in voting on key protocol parameters, such as supported assets, interest rates, and platform upgrades, contributing to its decentralized operation.