What is Venus (XVS)? The Forerunner of the Universal Money Market

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Bittime  - Venus (XVS) is a decentralized finance ( DeFi ) platform that offers various services such as lending, staking, and yield farming. Built on Binance Smart Chain (BSC), Venus delivers an accessible and efficient DeFi solution for its users.

What is Venus (XVS)?

Venus (XVS) was founded in 2021 with the goal of opening DeFi access to everyone. This platform allows users to:

• Storing crypto assets: Venus provides staking services for various crypto assets, allowing users to earn passive income.
• Borrowing crypto assets: Users can borrow crypto assets collateralized by other assets.
• Mining liquidity: Venus offers a yield farming program that allows users to earn XVS, the platform's governance token, by providing liquidity to the pool.

Venus (XVS) Key Products & Features

• Money Market: Venus offers a decentralized money market where users can borrow and lend crypto assets.
• Venus Stablecoin (VAI): Venus allows users to mint VAI, a stablecoin pegged 1:1 to USD, collateralized by other crypto assets.
• Venus XVS Vault: Users can stake their XVS in Venus XVS Vault to earn passive income and increase their interest rate in the money market.
• Venus Governance: XVS holders can participate in platform governance by voting on proposals related to Venus development.

What is XVS Token?

XVS is the governance token of the Venus (XVS) platform. XVS holders have the right to:

• Participate in governance: Vote on proposals related to Venus development.
• Earning protocol fees: A portion of the fees generated by the Venus platform is distributed to XVS holders.
• Access exclusive features: XVS holders can access exclusive features on the Venus (XVS) platform, such as a yield farming program with higher interest rates.

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Tokenomic Venus (XVS)

• Total Supply: 30.000.000 XVS
• Circulating Supply: 15.712.258 XVS
• Max Supply: 30.000.000 XVS
• Market Cap : IDR 3,052,329,090,396 (as of 26 February 2024)

Fundamental Analysis of Venus (XVS)

Based on today's Bittime market, the price of XVS was observed to have increased 0.08 percent in the last 24 hours. Currently the price of XVS to IDR is IDR 195459.

Source: Bittime.com

• Total Value Locked (TVL): $1,117,537,866 USD
• 24 Hour Trading Volume: $25,210,110 USD

Comparison of Venus (XVS) & Competitors

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Founder & Tim Venus (XVS)

The Venus team consists of experienced professionals in the fields of blockchain and finance. The founders of Venus (XVS) are Su Zhu and Kyle Davies , two well-known investors in the cryptocurrency industry.

Public Opinion About Venus (XVS)

The cryptocurrency community generally has a positive view of Venus (XVS). The platform is praised for its low fees, fast transactions, and easy access. However, some users are concerned that the TVL of Venus (XVS) is lower than competitors.

Venus Conclusion (XVS)

Venus (XVS) is a promising DeFi platform with various interesting features. The platform offers accessible and efficient DeFi solutions for its users. Even though TVL Venus is still lagging behind competitors, this platform has the potential to grow rapidly in the future.

How to Buy Venus (XVS) on Bittime

You can buy and sell Venus tokens (XVS) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti. XVS is available on Bittime with XVS to IDR pairing

To be able to buy XVS/IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of Bittime assets is IDR 10,000. After that, you can make XVS purchases in the application.

More Complete Guide How to Buy Venus (XVS) on Bittime

Monitor price chart movements of Venus (XVS) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

What is Ethernity (ERN)? A New Way to Explore the World of Authentic NFTs

What is Kin (KIN)? Building an Open and Inclusive Digital Economy

What is Vertex Protocol (VRTX)? Bridge Between Blockchains So Transactions Are Easy

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.