Venus (XVS) rallies 900%, TVL hits $3.54B after Binance Smart Chain launch

One such task is Venus (XVS), an algorithmic cash market and artificial stablecoin protocol designed particularly for the BSC. Cardano (ADA) is the most current addition, while the other projects presently offered are Ethereum (ETH), Litecoin (LTC), Polkadot (DOT) and Chainlink (LINK) Similar to the MakerDAO (MKR) platform and DAI, users of Venus can borrow against their possessions and mint Vai, the stablecoin for the Venus protocol. According to the Venus dashboard, there is currently $3.54 billion in overall worth locked in the Venus protocol, making it the seventh-largest DeFi protocol by TVL behind SushiSwap which presently has $3.7 billion in TVL.

One such task is Venus (XVS), an algorithmic cash market and artificial stablecoin procedure designed particularly for the BSC. Cardano (ADA) is the most recent addition, while the other jobs currently available are Ethereum (ETH), Litecoin (LTC), Polkadot (DOT) and Chainlink (LINK) Similar to the MakerDAO (MKR) platform and DAI, users of Venus can borrow versus their possessions and mint Vai, the stablecoin for the Venus procedure. According to the Venus dashboard, there is currently $3.54 billion in total value locked in the Venus procedure, making it the seventh-largest DeFi protocol by TVL behind SushiSwap which presently has $3.7 billion in TVL.
Title: Venus (XVS) rallies 900%, TVL strikes $3.54 B after Binance Smart Chain launchSourced From: cointelegraph.com/news/venus-xvs-rallies-900-tvl-hits-3-54b-after-binance-smart-chain-launchPublished Date: Thu, 18 Feb 2021 23:50:00 +0000

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami