Venus will be launched on the Base blockchain on December 19

2024-12-19 00:53:58

Launch

Venus will be launched on the Base blockchain. The VIP-408 management proposal for deployment on Base has been approved. Please provide the text to be translated. Access to Venus on Base will be available to users from December 19.

For more detailed information, you can check in the official XVS tweet:

XVS Information

Venus Protocol is a decentralized financial lending protocol on the BNB Chain created by the Swipe development team. The protocol provides a bridge between traditional finance and DeFi, bypassing the issues typical of Ethereum.

Users can borrow and lend cryptocurrency, thanks to the over-collateralization mechanism. Venus also allows for the creation of stablecoins (VAI) based on collateralized positions. A distinctive feature is the ability to use collateral funds for loans and for issuing stablecoins without the need to withdraw assets. Please provide the text to be translated XVS (BEP-20 standard) is the governance token of Venus Protocol, which grants its holders the right to participate in voting on key protocol development issues. XVS holders control future upgrades, token support choices, and other system parameters.

XVS15,27%

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