If you're looking to swap Venus, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Venus or some fresh information about xvs’s price movements. And, of course, we provide you with the multiple Venus exchange options so that you can choose the offer with the best rates and lowest Venus fees, as well as other parameters that suit you.
Venus Price Stats
Venus Price Chart
Here you can see the current price of Venus, as well as Venus price history.
What is Venus?
Venus (XVS) is a BEP-20 governance token on the Venus network, which is a lending and borrowing platform in the DeFi space, launched by the team behind Binance’s Swipe in 2020. Venus is designed to solve some of the current problems in traditional lending and similar crypto solutions:
- The banking system has a lot of conditions for a borrower, such as having to pass a credit check, even if their loan is fully collateralized
- Many decentralized protocols run on Ethereum, which leads to slow processing speeds and high transaction fees
- Some DeFi solutions such as Compound are also governed mostly by private funds, so they aren’t really decentralized.
Venus allows anyone to borrow cryptocurrencies from anywhere without checking credit history on the only condition that they can supply the collateral. Moreover, users can utilize their collateral to provide liquidity, earn interest on it, or mint stablecoins from it to use in the general crypto space. The transactions are fast and low-fee since Venus runs on Binance Smart Chain. The network is secured by a unique hybrid protocol – Proof-of-Staked Authority (POSA).
The default synthetic stablecoin on Venus is VAI, pegged to the value of the dollar. XVS is used for governance, and since it was distributed through fair launch, it facilitates truly decentralized decision-making.
A Simple Way To Exchange Venus Here At SwapSpace
Choose the cryptocurrencies you would like to exchange among more than 800 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!
You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: email@example.com.