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VNO Price
$0.04887
-2.16%
Market Cap
$23.19M
24H Volume
$10.98K
Circ Supply
474.51M

VNO Market Stats

  • Price $0.04887
  • 1H Change +0.09%
  • 24H Change -2.16%
  • 7 Day Change -15.8%

Veno Finance Info

Veno is a liquid staking protocol where users can stake their CRO and receive the auto-compounding, yield-bearing receipt token LCRO. The LCRO token is designed to maximize composability, allowing users to accrue CRO staking yield value within the token. LCRO can be freely utilized across the Cronos DeFi ecosystem, offering an extensive, cost-effective, and reliable method for leveraging staked CRO.

Maximizing Reliability and Efficiency

  • Veno is a vertically integrated liquid staking protocol, ensuring maximum reliability and efficiency in service provision.
  • Cost savings are achieved through leveraging proprietary node infrastructure and/or partner infrastructure.
  • Reliability is ensured with enterprise-grade node setup and deep expertise in node infrastructure management.
  • An insurance module is in place to secure user funds in the rare event of a slashing penalty.

Adoption and Utility Enhancement

  • Veno aims to maximize the adoption and utility of its tokens within the ecosystem.
  • Collaboration with major ecosystem partners is ongoing to achieve this goal.

Liquidity Maximization and Features

  • The goal is to maximize LCRO liquidity in the Cronos Ecosystem and attract significant capital with minimal spread, supported by high reliability and low fees.
  • LCRO functions as an auto-compounding yield-bearing token to enhance composability.
  • User liquidity can be further optimized by offering a tradeable NFT upon unstaking CRO.

VNO Utility

  • VNO, Veno’s native token, is usable across the Cronos Ecosystem.
  • VNO serves various purposes, including rewards participation and boost farming.
  • Users can deposit VNO into different vaults in Reservoir or Fountain to earn additional yields.

Veno Finance Technical Info

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