Shaurya Malwa · 2 days ago · 2 min read
Read the latest › ETH 2.0
Read the latest › NFTs
Shaurya Malwa · 4 hours ago · 2 min read
Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more.Start Earning Interest
VAI is a decentralized stablecoin on the Venus Protocol exclusively on Binance Smart Chain.
The Venus Protocol is an BSC smart contract for supplying or borrowing assets. Through the vToken contracts, accounts on the blockchain supply capital (BNB or BEP-20 tokens) to receive vTokens or borrow assets from the protocol (holding other assets as collateral). The protocol will also enable the minting of VAI, which is the first synthetic stablecoin on Venus that aims to be pegged to 1 USD. VAI is minted by the same collateral that is supplied to the protocol. The Venus vToken contracts track these balances and algorithmically set interest rates for borrowers.
IntoTheBlock is an intelligence company that uses machine learning and statistical modeling to deliver actionable intelligence for crypto assets.Explore Vai