Market Cap
$89,723,662.6
Fully Diluted Valuation
$162,252,823.6
24 Hour Trading Vol
$5,958,024.9
Circulating Supply
16,589,602.7
Total Supply
30,000,000.0
Max Supply
∞
Venus Price
$5.41
24h Range
$5.22 - $5.49
Percent Change 1h
0.28%
Percent Change 24h
1.05%
Percent Change 7d
-11.6%
All-time high
$146.82
All-time low
$1.65
1D
7D
1M
1Y
All
Venus (XVS) is a decentralized finance (DeFi) protocol built on the Binance Smart Chain (BSC) that enables users to borrow and lend cryptocurrencies. Launched in 2020, Venus aims to create a money market for users to earn interest on their crypto assets while also allowing them to borrow against their holdings. The protocol utilizes a unique algorithm that determines the interest rates based on supply and demand dynamics, offering users competitive rates. As of early 2024, Venus has gained significant traction, facilitating over $800 million in total value locked (TVL) and supporting a variety of assets including stablecoins and major cryptocurrencies.
Venus was co-founded by Joselito Lizarondo, who is known for his extensive experience in blockchain technology and financial systems. Lizarondo previously worked on various blockchain projects and has a strong background in software development and financial markets. Another key figure in the project is Ben "BitBoy" Armstrong, who has played a role in promoting and educating the community about DeFi and the broader crypto ecosystem. The founding team also consists of several developers and financial experts who contribute to the protocol's ongoing development and compliance.
Venus operates on a liquidity pool model, where users can supply assets to the protocol to earn interest and borrow against their crypto holdings. The process works as follows:
Venus has several prominent use cases within the DeFi ecosystem:
Ensuring the safety of your Venus assets involves several best practices:
Investing in Venus (XVS) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Venus: Once your account is funded, you can purchase Venus directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Venus using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Venus (XVS) is currently trading at $5.41 and exhibits good potential for future growth. Check the latest Venus (XVS) price prediction.
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