What is Venus BUSD (VBUSD)? Maximizing BUSD Potential

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Bittime - The cryptocurrency market continues to develop with various innovative projects, one of which is Venus BUSD (VBUSD). VBUSD offers an attractive solution for investors looking to maximize profit potential in the world of Decentralized Finance (DeFi).

What is Venus BUSD (VBUSD)?

Venus BUSD is a BEP-20 token designed to increase the utility of BUSD on the Venus platform. VBUSD allows users to:

• Earning interest: Staking VBUSD on Venus Protocol earns competitive variable interest.
• Borrowing assets: VBUSD can be used as collateral to borrow various other crypto assets.
• Participate in governance: VBUSD holders have voting rights in Venus Protocol governance proposals.

Venus BUSD (VBUSD) Key Products & Features

• Venus Vault: Staking VBUSD in Venus Vault earns competitive variable interest.
• Venus Lending: VBUSD can be used as collateral to borrow various other crypto assets.
• Venus Governance: VBUSD holders have voting rights in Venus Protocol governance proposals.
• Venus X Vesting: A vesting platform that allows users to lock their VBUSD and earn VAI rewards.

Also read: Bitcoin as a Payment Tool

What is VBUSD?

VBUSD is a BEP-20 token that represents ownership of BUSD held on Venus Protocol. VBUSD is 1:1 pegged to BUSD, so the value is always the same.

Tokenomic Token VBUSD

• Total Supply: 2,694,770,470 VBUSD
• Circulating Supply: 2,694,770,470 VBUSD
• Market Cap: IDR 939,300,123,395 (as of February 2024)

Also read:

Fundamental Analysis of Venus BUSD (VBUSD)

• Total Value Locked (TVL): $1.49 billion (February 24, 2024)
• 24 Hour Trading Volume: $1.5 million (February 24, 2024)
• Audit: Venus Protocol has been audited by CertiK and PeckShield.

Comparison of Venus BUSD (VBUSD) & Competitors

Founder & Team Venus BUSD (VBUSD)

Venus BUSD was developed by a team experienced in blockchain and finance. The core team consists of:

• Kava Labs: The team behind the Kava DeFi platform.
• Binance Labs: Binance's investment arm.

Expert Opinion About Venus BUSD (VBUSD)

Experts are generally positive towards Venus BUSD. Some expert opinions:

• CoinGecko: "Venus BUSD is an attractive option for investors looking to earn interest on their BUSD and participate in Venus Protocol governance."
• The Defiant: "Venus BUSD is one of the most innovative DeFi projects on the market today."

Conclusion

Venus BUSD offers an attractive solution for investors looking to maximize profit potential in the world of DeFi. With attractive features and an experienced team, Venus BUSD has the potential to become one of the leading DeFi projects in the future.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via  Bittime .  Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets 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 assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  Complete Guide How to Buy Crypto on Bittime .

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

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