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Stablecoin
VAI Price
Contracts/Explorers:
VAI is Venus Protocol’s native decentralized stablecoin.
Market Cap
$ 20.48M
FDV
$ 20.48M
ATH Market Cap
$ 280.37M
24 Trade Vol.
$ 332.97K
Vol. (24h) / MCap
0.0163
Max Supply
VAI 20,520,702
Total Supply
VAI 20,520,702
Circulating Supply
VAI 20.52M
(100% of Max Supply)
Listing Date
5 Mar 2021
All Time High
$ 6.05
14 Jan 2023
All Time Low
$ 0.258
17 Jun 2022
From ATH
From ATL
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.
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:
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.
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.
Vai's current price is $ 0.998, it has increased +0.04% over the past 24 hours.
Vai's All Time High (ATH) of $ 6.05 was reached on 14 Jan 2023, and is currently -83.5% down.
The current circulating supply of Vai is 20.52 Million tokens, and the maximum supply of Vai is 20.52 Million.
Vai’s 24 hour trading volume is $ 332.97 Thousands.
Vai's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 20.48 Million.
You can find more details about Vai on its official website and on the block explorer.
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