Equity Details
Price & Market Data
Price: $2.69
Daily Change: -$0.00695 / 0.26%
Daily Range: $2.66 - $2.77
Market Cap: $79,938,057
Daily Volume: 149,670
About Venus (XVS)
Discover the investment profile of Venus (X:XVS). With a price of 2.69, and a daily change of -$0.00695 / 0.26%. Market cap: 79,938,057. Performance figures include YTD and 52-week returns.
Details
Venus Protocol is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain.Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed. These interest rates are set by the protocol in a curve yield, where the rates are automated based on the demand of the specific market, such as Bitcoin.TelegramWhitepaper
