In this article, we tried to answer questions such as what is VVS coin, what is cryptocurrency VVS Finance (VVS ), how to buy VVS coin. Here are the details about VVS coin review and future…
How much is VVS Coin?
According to current crypto money market data, 1 VVS Coin 0.000120 TL is traded at TL. VVS Coin price has fluctuated between -2.13% in the last 24 hours. The trading volume of VVS Coin in the last 24 hours is 2,804,905 $ and the total market cap is 127,033,491 $ dollars.
How much is VVS Coin?
According to current crypto money market data, 1 VVS Coin 0.000007 $ is traded at $.
Since Singapore-based Crypto.com launched Cronos in November 2021, the EVM-compatible blockchain has steadily come to the fore in the crowded decentralized finance (DeFi) space. The Cronos DeFi ecosystem currently has a total locked value (TVL) of $1.83 billion with over 44 protocols.
VVS Finance is the largest project in the Cronos chain and one of the 10 largest decentralized exchanges (DEX).
What is VVS Finance?
VVS Finance is an automated market maker (AMM) DEX built on the Cronos blockchain that facilitates liquidity pools, swaps and staking. VVS Finance offers an easy-to-use interface that aims to demystify DeFi and encourage adoption, even for beginners.
The History of VVS Finance
The team behind VVS hides behind the alias The Craftsmen. Preferring to remain anonymous, they describe themselves as “humble farmers” with “deep product design backgrounds”. They partnered with Cronos to develop DEX, the first AMM DEX built on Cronos.
The project, launched in November 2021, was also supported by Particle B, a startup accelerator focused on DeFi projects built on Crypto.com Chain, Ethereum, and Bitcoin networks. The B Particle link means that both the Crypto.org and Crypto.com ecosystem support VVS.
Through partnership with Beefy Finance, users can earn Beefy Finance tokens (BIFI) when they invest in VVS, enabling them to participate in liquidity pool farming for the CRO/BIFI pair.
VVS is ranked 28th in the list of cryptocurrency decentralized exchanges as of June 7, 2022. According to DeFi Llama, the platform’s TVL was $886.63 million, while it fell to $1.4 billion, the all-time TVL on February 11, 2022.
How Does VVS Finance Work?
VVS Finance powers a range of decentralized applications (DApps) in the Cronos ecosystem. Decentralized exchanges using the AMM model have liquidity pools that allow for the decentralized and permissionless trading of digital assets. No single entity has control and no human tools. Since these liquidity pools are automatic, they allow 24/7 trading.
Liquidity pools solve the problem of low liquidity that can make cryptocurrency trading difficult. Liquidity providers create liquidity by investing their assets in a liquidity pool for a fee. AMM DEXs such as
VVS maintain a stable balance of assets in the pool using a mathematical formula. In theory, this helps regulate the price of assets locked in liquidity pools. When the prices of assets in an AMM move too much from market prices on other exchanges, traders are encouraged to take advantage of this difference, which brings the price to equilibrium.
VVS’s design ideology is to make DeFi products accessible to the masses. Despite its simplicity, VVS Finance has many valuable features listed below.
Key Features of VVS Finance
Bling Swap
Bling Swap feature allows users to perform various liquidity transactions without a centralized order book. It is an algorithmic routing system that allows it to seamlessly exchange tokens between its pools. Users can trade tokens for a small fee of 0.3% split between Liquidity Providers and the VVS platform.
Bling Swap also allows users to earn profits by providing liquidity. Liquidity Providers (LPs) deposit tokens in the VVS protocol to facilitate trading. They earn ⅔ of the trading fees from any token pair they deposit, based on their pool ownership.
Crystal Farming
Liquidity Providers can stake LP tokens on crystal farms for high returns.
Glitter Mining
Glitter mining allows non-LP users to stake VVS tokens and earn more VVS or other common tokens with auto-combine benefits.
IGO
IGO provides users with an opportunity to purchase new tokens that have just been released on Cronos. It offers project owners a flexible launchpad with a rapidly growing user base. Projects gain maximum visibility through optimized sales mechanisms.
Analysis Tool
The overall performance of the tokens is available in a user-friendly dashboard interface.
What is xVVS?
Launched on March 25, 2022, xVVS is VVS Finance’s award-winning governance token. It will gradually replace VVS as the management token of the ecosystem. xVVS tokens were created to provide miners with more incentives to support the network and enhance the long-term utility of the VVS ecosystem. To receive
xVVS tokens, users must stake VVS. For now, one xVVS equals one VVS. However, VVS Finance will spend a significant portion of the platform revenue from token swaps on repurchasing VVS, allowing the price value of xVVS to increase gradually over time. Another portion will be shared among the xVVS owners in the pool in proportion to their contributions.
Miners can lock their xVVS into vaults to earn VVS without incurring permanent losses (temporary loss of funds due to volatility of staked trading pairs). The locking mechanism incentivizes long-term holders with rewards that increase exponentially as the lock period increases. The lock-in period ranges from one week to four years.
VVS Finance and Other Cronos DeFi Projects
VVS Finance, 47% of TVL in the Cronos chain It is the largest project in Cronos, accounting for .7. But how does it map to other protocols in Cronos?
VVS Finance – Mad Meerkat Finance (VVS – MMF)
Like VVS Finance, Mad Meerkat Finance (MM Finance) is an AMM DEX running on the Cronos blockchain . MMF uses a unique proof-of-liquidity protocol where a certain percentage of transaction fees generates the liquidity of the MMF/CRO.
VVS Finance can boast of being the first DEX with the highest liquidity on the Cronos blockchain. It has a TVL of $886.63 million compared to the $308.9 million MMF TVL, which makes the project the second largest project in Cronos.
The two projects share similar features, such as a launchpad, yield farming and staking.
MM Finance offers fee reductions through trade mining. So, whether you made a profit or not, you earn free MMF tokens from every trade. They also have the lowest transaction fees on Cronos.
But when it comes to monetization, MM Finance takes the lead. They offer mouth-watering APRs that are much higher than those provided on VVS Finance. This is why many investors lock their cryptocurrencies on MM Finance.
Despite having a lot in common, VVS Finance offers users less complex ways of earning. For example, to earn free xVVS tokens, all you have to do is lock your paid VVS for a while. However, MM Finance requires you to actively trade your assets to earn free MMF tokens.
In terms of security, VVF is the more secure Cronos DeFi platform. In late April 2022, a DNS vulnerability on the MM Finance website was exploited by a cyber attacker who took away $2 million in user funds.
VVS Finance – Tectonic (VVS – TONIC)
Tectonic is a cross-chain money market and liquidity platform for generating passive returns and leveraging DeFi borrowing. Users can borrow crypto for trading or short exposure to other crypto types without having to liquidate other original asset holdings. Tectonic offers its users a loan opportunity of up to 75% of the deposit they deposit. In contrast, VVS does not offer credit.
TONIC is Tectonic’s protocol token used to bet on the community insurance pool, secure the protocol and earn more rewards.
Funds are deposited at various repayment interest rates and then provided as liquidity to borrowers. Rates are dynamic and depend on the supply and demand of the asset. Smart contracts rule everything.
Unlike VVS Finance, which guarantees you a certain reward for locking your assets for a fixed period, Tectonic rewards your assets according to current market demands. For these reasons, Tectonic reward rates are subject to constant change.
Both VVS Finance and Tectonic allow you to generate passive returns.
VVS Finance – Mad Meerkat Optimizer (VVS – MMO)
Mad Meerkat Optimizer (MMO) is DeFi return aggregator for MM Finance. Yield collectors are protocols that automate and optimize the staking and interest collection processes for users, often leveraging other DeFi protocols to maximize throughput.
Compared to VVS Finance, Mad Meerkat Optimizer enables yield farmers to earn a higher APR. The protocol also makes use of the automatic defragmentation feature that allows users to gain more than manually merging. It works with different DeFi protocols like Aave Compound Finance and MakerDao.
VVS and MMO offer low gas prices for users and were built with beginners in mind.
VVS Finance (VVS) Coin Review and Future 2022
VVS token has all the tokens of a good crypto project. It has a great initial market value, reasonable price action and good trading volume.
However, VVS has a current circulating supply of 17.3 trillion and is expected to reach 100 trillion in the next 10 years according to the emissions schedule.
Comparatively, other major DEXs have much lower circulating resources (the closest Uniswap has only 590.8 million UNIs). With such inflationary trends, VVS price performance looks questionable.
While the value of VVS is likely to struggle to rise due to its extremely high supply, aggregate supply is not the primary indicator of its long-term potential. After all, some major cryptos have more resources and even Ethereum has unlimited resources. More important is how tokens will be distributed and used.
For example, if the supply is high and there is not enough use of the token (through staking or burning, etc.), there will be downward pressure on the token’s value.
However, according to ambitious roadmaps, the VVS Finance project is just getting hot. Some of its planned new products include Smart LP removal, Pond/Farm Performance Insights, Flash LP, VVS Multi-Award Farms and VVS Voting Management to prevent permanent loss.
Of all the indicators, most forecasters do not consider VVS a good investment. It’s inflationary and historically hasn’t performed well for the crowded DeFi market. Instead, due to the deflationary nature of xVVS tokens, many investors are choosing to turn to xVVS instead.
VVS Finance protocol is currently the best DeFi implementation in the Cronos chain. The appeal of the protocol lies in its simple interface that allows anyone to earn high returns through staking and yield farming. All things considered, the promising VVS Finance roadmap could create value in the Cronos ecosystem as the team aggressively seeks to improve their long-term prospects. This can be seen with the launch of xVVS tokens and the VVS token vault.
