Venus update: XVS Live price, price chart, news and markets

The XVS price update as of now is $9.24. In the previous 24 hours, its trading volume was $6,358,453, and its value has increased by 0.53%. As of now, XVS's live market cap is $154,180,004, and it is ranked as the #326 on the Coincu. XVS has a circulating supply of 30,000,000 and a maximum supply of 30,000,000.

The Power of Venus: Unleashing a Revolutionary Crypto Market Protocol

Venus, an innovative platform built on the foundation of Binance Smart Chain, aims to introduce a comprehensive cryptocurrency market protocol like never before. By combining the finest elements from Compound and MarkerDao, Venus brings together the strengths of both systems. The ultimate objective is to elevate Venus (XVS) from being a mere digital asset project to becoming a fully autonomous and decentralized ecosystem.

A standout feature of this protocol is its cryptocurrency and asset lending solution, which plays a pivotal role in the decentralized financial landscape. Users can conveniently borrow collateral in a swift and cost-effective manner.

Furthermore, Venus provides the ability to instantly withdraw VAI Stablecoin. Users can avail themselves of this feature by registering at least 200% collateral into the Venus XVS Smart Contract.

In the Venus XVS protocol, the community members hold complete control. XVS Tokens are allocated to founders, team members, and advisors.

A Paradigm-Shifting Solution Brought Forth by Venus

The advent of DeFi has paved the way for a diverse ecosystem that is directly built on Blockchains. The transparent and verifiable nature facilitated by Smart Contracts has revolutionized the structure of the currency market, eliminating the need for third-party intervention.

However, when it comes to the traditional market, individuals seeking loans are typically required to present proof of income and satisfy various other criteria. The issue lies in the fact that lenders only accept physical assets as collateral, thereby excluding cryptocurrencies from the lending process.

Venus: Key Elements Redefining the Crypto Landscape

• Over-collateralized lending: Users can borrow assets worth 75% or less of the value of their offered property.
• Earn substantial profits: Users can generate impressive profits by providing collateral for the protocol.
• Mint stablecoin VAI: VAI, the stablecoin on Venus, is pegged at a fixed price of 1 USD. It is created using the very collateral utilized for the protocol, thereby allowing users to borrow 50% of their Token collateral in VAI.