XVS Token (XVS) is a decentralized lending platform built on the Binance Smart Chain (BSC). The Venus Protocol aims to provide users with access to decentralized finance (DeFi) services such as borrowing, lending, and earning interest on digital assets.
Users can use XVS tokens as collateral to borrow various cryptocurrencies and stablecoins supported by the Venus Protocol. Additionally, users can lend their digital assets to earn interest, which is distributed in the form of XVS tokens.
XVS, the native cryptocurrency of the Venus Protocol, allows token holders to participate in the governance of the Venus Protocol by voting on proposals and protocol upgrades. This decentralized governance model allows stakeholders to have a say in the direction and development of the platform. XVS tokens are also used to pay for transaction fees.
