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Venus XVS Logo
Venus XVS
$6.11 4.82%
OG Score 44.54
Reviews 3
Venus XVS Logo

Venus XVS Price

$6.11 4.82%
Low All Time High
$1.65 $146.82

Introduction

Venus Protocol on Binance Smart Chain enables fast, low-cost lending and borrowing with community governance, ensuring decentralized finance accessibility. More

OG Score 44.54
Reviews 3
Market Cap $102.41M
Market Cap Rank # 543

Token Stats

Fully Diluted Valuation $181.92M
24H Trading Volume $7.61M
24H Low / High $5.75 / $ 6.13
Circulating Supply 16.74M
Total Supply 29.75M
Max Supply 30.00M

Info

Categories Yield Farming 10 more
Founder Swipe project team
Website venus.io Whitepaper
Socials 5 more
Chains Ethereum Ecosystem 7 more
Explorer L2scan 9 more
Contracts Venus 0xd3c....b894a 7 more

XVS/USD Price Chart

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$XVS Community Sentiment

OG Evaluation

OG Score

OG Score Rank #377
Reviews 3
Gem Score 13.70

OGAudit Coin Evaluation Metrics

Innovation 45 .20
Innovation Evaluates whether the project introduces a unique, impactful solution that clearly outperforms competitors.
Security 41 .53
Security Assesses the robustness of smart contracts or protocol security, and the availability of up-to-date audit reports.
Community 38 .73
Community Measures how actively the team engages its community and whether governance decisions involve on-chain voting or transparent input.
Tokenomics 45 .30
Tokenomics Examines the utility of the token, distribution fairness, and whether there are clear incentives for long-term holding or usage. Also evaluates the project’s revenue model, including income sources, sustainability, and whether value flows back to token holders or the ecosystem.
Team 49 .07
Team Evaluates the experience,credibility of the founding and development team.
Roadmap 47 .40
Roadmap Assesses the clarity, transparency, and timely execution of the project's development roadmap.

Venus $xvs User Reviews

What Crypto OGs are Saying About Venus

$xvs Markets

Name Pair OG Score

About Venus $xvs

What is Venus (XVS)?

Decentralized Finance (DeFi) continues to evolve, and at the forefront of this evolution is the Venus Protocol, exclusively launched on the Binance Smart Chain (BSC). Functioning as a lending platform and synthetic stablecoin protocol, Venus offers users a permissionless environment to lend or borrow from a pool of assets. Operating similarly to Compound and MakerDAO, Venus stands out by supporting various collateral types, allowing users to borrow stablecoins and other cryptocurrencies rapidly. The platform's native token, XVS, serves as a governance token, giving community members control over the protocol's development.

Venus's unique strengths lie in its high speed and minimal transaction costs, attributes attributed to its integration with the Binance Smart Chain. The protocol enables users to access lending markets for popular cryptocurrencies like Bitcoin, XRP, and Litecoin in real-time, without the need for credit checks. The Venus community plays a vital role, contributing to a pool that provides liquidity to borrowers, who secure loans through over-collateralized deposits. To prevent market manipulation, Venus relies on price feed oracles, including those from Chainlink, ensuring accurate and tamper-proof pricing data.

The Venus network's security is anchored in the Binance Smart Chain, utilizing a proof-of-staked authority (POSA) consensus algorithm. This unique hybrid mechanism combines aspects of proof-of-stake (POS) and proof-of-authority (POA). Automatic liquidation measures further protect suppliers, automatically reimbursing them if a borrower's collateral falls below 75% of their borrowed amount. Developed by the Swipe project team, Venus is committed to achieving decentralization through community governance, with no pre-mines for the team or founders, giving XVS holders complete control over the protocol's trajectory. In summary, Venus Protocol emerges as a robust and community-driven platform, offering efficient lending and borrowing solutions with unprecedented speed and low costs in the decentralized finance landscape.

What is unique about Venus (XVS)?

Venus (XVS) stands out for its high-speed transactions, low costs, and community governance, allowing rapid lending and borrowing in decentralized finance.

Who are the founders of Venus (XVS)?

Venus is developed by the Swipe project team, aiming for decentralization through community governance, with no pre-mines for the founders.

Who are the backers/investors of Venus (XVS)?

The backers and investors of Venus (XVS) are largely unknown due to its emphasis on decentralization and community governance.

What is the consensus mechanism of Venus (XVS)?

Venus (XVS) operates on the Binance Smart Chain, utilizing the proof-of-staked authority (POSA) consensus mechanism, a hybrid of proof-of-stake (POS) and proof-of-authority (POA).

Where can I buy Venus (XVS)?

You can buy Venus (XVS) on Binance, MEXC, Gate.ioHTXBingX cryptocurrency exchanges.

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