Buy Vai Stablecoin (VAI)

What is Vai?

Vai (VAI) is a decentralised stablecoin native to the Venus Protocol, operating on the BNB Smart Chain (BSC). It is designed to maintain a stable value pegged to the US dollar, backed by a diversified basket of stablecoins and cryptocurrencies. Vai supports a stable medium of exchange within the Venus ecosystem while facilitating DeFi applications such as lending and borrowing.

How does Vai work?

Vai leverages the Venus Protocol and BSC's infrastructure to provide a stable and secure financial ecosystem.

Key features include:

• Algorithmic stability mechanism: Automatically adjusts supply to maintain the 1:1 peg with the US dollar.
• Collateral backing: Supported by a basket of stablecoins and other crypto assets within the Venus Protocol.
• Governance by XVS: Decisions regarding the VAI token are made by holders of the Venus Protocol's governance token, XVS.
• Integration with DeFi services: Fully integrated with Venus Protocol's lending and borrowing functions, enhancing liquidity and usability.

Vai is powered by EVM-compatible smart contracts, which facilitate its minting, burning, and overall supply management.

What are the potential use cases for Vai?

Applications:

• Decentralised lending and borrowing: Use VAI as collateral or borrow it against other crypto assets.
• Yield farming: Earn returns through VAI in various DeFi protocols.
• Liquidity provision: Provide liquidity for decentralised exchanges and earn rewards.
• Stable medium of exchange: Utilise VAI for secure, stable crypto transactions.

Industries:

• Decentralised Finance (DeFi)
• Cryptocurrency trading
• Cross-border transactions
• E-commerce

Partnerships:

• Integration with Venus Protocol: Central to its functionality within the BSC ecosystem.
• Collaborations: Potential partnerships within the Binance Smart Chain ecosystem to expand utility.

What is the history of Vai?

Founding:

Vai was launched in 2019 as part of the Venus Protocol.

Key Milestones:

• 2019: Launch of Venus Protocol and the VAI stablecoin.
• 2021: Surpassed $300 million in trading volume.
• 2023: Expanded support to multiple blockchain networks to enhance utility and adoption.

Market Presence:

• Circulating supply: 5,171,072.5 VAI.
• Total supply: 5,171,072.57 VAI.
• Max supply: 8,484,461.45 VAI.

Vai is a key player in the Venus Protocol ecosystem, providing a stable and versatile asset for a wide range of DeFi and crypto applications.