Last updated at 2022/10/04
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Vai, $VAI

USD-pegged Stablecoin

KPIs & Market Data

Market Cap
$20M
Market Cap 7d %
+0.82%
Market Cap 30d %
+0.34%
Volume 24h
$4.6K
Volume 7d
$81.1K
Mechanism
Governance
Decentralized
Issuer
Venus Protocol
Jurisdiction
n.a.

Vai is a cryptocurrency-backed stablecoin issued via the Venus Protocol and pegged 1:1 to the USD. The protocol is deployed as a money market on Binance Smart Chain and originated as a MakerDAO fork. The collateralization ratio is targeted to be a minimum of 133% of the borrowed stablecoin amount. If the collateralization ratio drops of depositors into a vault drop below 133%, the position gets liquidated while being subject to a penalty fee.

Risks

  • Smart contract risk
  • Risk of devaluation of on-chain collateral due to high-volatility
  • Loss of funds due to de-peg

$VAI Newsticker

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