Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

What is vTokens (Venus)?

Crypto Terms Glossary: What is vTokens (Venus)?

vTokens are the primary mechanism for users to interact with the Venus Protocol. vTokens are collateral-pegged assets that allow users to tokenize their traditional crypto assets such as bitcoin (BTC) or ether (ETH) in exchange for vBTC or vETH. vTokens are used on the protocol as a redemption tool for borrowing and supplying assets and minting VAI stablecoins. As well, transactions with vTokens — including redeeming, repaying a borrow, liquidating a borrow, or transferring — is done through a vToken contract. Examples of vTokens that are available on Venus include: vBTC, vETH, vBNB, vBUSD, vUSDC, and vXVS.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Altcoins: The founder of Telegram commented on the launch of the Notcoin token
Pavel Durov, the creator of the Telegram messaging platform, shared his thoughts on the introduction of the Notcoin (NOT) cryptocurrency. He emphasized that the initiative has attracted more..
Regulation: The French regulator announced a possible blocking of the Bybit platform
The French financial markets regulator (AMF) has issued a warning to investors about the possible restriction of access to the Bybit platform's website. It also noted that..
Mining: During the last three years, El Salvador mined 473.5 BTC using geothermal energy
Since 2021, El Salvador has mined 473.5 BTC (equivalent to $29.3 million) through the use of geothermal energy. Such information was released by Reuters, referring to the state structure..
Altcoins: Trader made $46 million out of $3000 on PEPE memcoin
An unknown trader earned an amount exceeding 46 million dollars by buying the Pepe Coin memcoin (PEPE). This financial triumph was reported by analyst firm Lookonchain.
Make crypto bots for trading