Currencies
16661
Market Cap
$ 1.20T
+4.86%
24h Spot Volume
$ 34.94B
+22.8%
BTC Dominance
38.27%
-0.47%
ETH Gas
49 Gwei

Vai

[VAI]
BNB
VAI is Venus Protocol’s native decentralized stablecoin.

Vai Price

$ 0.9470.50

0.0000395-3.90

High / Low

High:$ 0.948

Low:$ 0.942

Contracts

Vai Market Cap

$ 20,097,088 
Ƀ 837.25
FDMC: $ 20,097,088 
ATH: $ 23,660,798 

24h Trade Volume

$ 8,061 
Ƀ 0.336
VAI 8,508

Supply

Circulating:
VAI 21,211,623(100%)
Total:
VAI 21,211,623
Max:
VAI 21,211,623

All-Time-High (ATH) Price

$ 1.12 (10 Oct 2021)
Ƀ 0.0000565 (18 Jun 2022)
ETH 0.00112 (18 Jun 2022)
From ATH: -15.1%
To ATH: +17.7%

Vai Live Chart

Vai price Index provides the latest VAI price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

The Vai to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

VAI to USD Converter

VAI

Vai Live Info Today

Vai's current price is $ 0.947, it has increased +0.5% over the past 24 hours.

Vai's All Time High (ATH) of $ 1.12 was reached on 10 Oct 2021, and is currently -15.1% down.

The current circulating supply of Vai is 21.21 Million tokens, and the maximum supply of Vai is 21.21 Million.

Vai’s 24 hour trading volume is $ 8.06 Thousands.

Vai's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 20.10 Million.

You can find more details about Vai on its official website and on the block explorer.

What is Vai

VAI is a stablecoin from the Venus Protocol. The Venus Protocol functions as an algorithmic money market platform. It is designed to offer a decentralized lending and credit system to the Binance Smart Chain by creating universal money markets. The protocol is designed based on the Compound and MarkerDAO projects and hopes to bridge the gap between traditional lenders and digital assets.

VIA, like all assets on Venus Protocol, is BEP-20 standard. It is an asset-backed stablecoin, backed by a basket of collateral and safety mechanisms. VAI can be minted by using the platform’s lending and borrowing services. It is originally designed to maintain a 1:1 peg to the value of the U.S. dollar.

What are Vai’s key features and how does it work?

The Venus protocol offers users lending, borrowing, and earning functionalities. Specifically, users will be able to supply collateral to the platform, borrow against it, and mint stablecoins. 

Some of the protocol’s key features include:

  • Borrowing cryptocurrencies and stablecoins without requiring any credit check;
  • High APY for providing liquidity;
  • Utility for minting stablecoins in exchange for depositing collateral;

In order to use the platform, users can deposit any of the supported cryptocurrencies or digital assets onto the platform. In return for the collateral, users can earn an APY or mint synthetic stablecoins. Interest earned is variable-based and will depend on the yield curve utilization of that specific market. In return for providing collateral, users receive vTokens. vTokens can be used to mint the VAI synthetic stablecoin. VAI is the platform’s default stablecoin.

In order to borrow from the platform, users must provide an over-collateralized deposit. The specific amount needed to provide, and collateral ratios are determined by the protocol which, in turn, is decided upon via the platform governance mechanism.

Where can you buy VAI?

VAI is available for trading on the following CEXs and DEXs listed here. Some of the most popular platforms with the highest liquidity are Binance and Pancake Swap. The price of VAI will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for VAI market prices, please view the price charts on this page.

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