XVS token
Overview
XVS is the native governance token of Venus Protocol, a decentralized money market and synthetic stablecoin platform on BNB Chain. Holders can vote on protocol proposals and use XVS as collateral to mint the VAI stablecoin. The token is also distributed as rewards to liquidity providers and borrowers on the protocol.
Within the DeFi Intel graph, XVS connects to 2 tracked entities, most strongly to Venus Core Pool, BNB Chain.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Venus Core Pool | 95% |
deployed_on | BNB Chain | 85% |
Frequently asked questions
What is XVS?
XVS is the native governance token of Venus Protocol, a decentralized money market and synthetic stablecoin platform on BNB Chain.
What can XVS holders do?
Holders can vote on protocol proposals and use XVS as collateral to mint the VAI stablecoin.
How is XVS distributed?
XVS is distributed as rewards to liquidity providers and borrowers on the Venus Protocol.