The Venus Protocol has officially launched its main network on Binance Smart Chain. Users can now access a high-speed, low fee, money market that offers users to mint the protocol’s first synthetic stablecoin called VAI.
The Venus Protocol is governed by its native cryptocurrency XVS which can now be mined (farmed) by liquidity suppliers, protocol borrowers, and stablecoin minters.
Venus Protocol users can now supply and borrow the following assets to participate in liquidity mining incentives and use these assets to mint VAI:
To start using Venus follow the steps below:
We are excited to have launched the world’s first all-in-one money market that enables native synthetic stablecoins. We will release governance and developer documentation in the coming weeks.
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