What is the current price of Vai Stablecoin (VAI)?

The current price of Vai Stablecoin (VAI) is 1.539799929951403 AUD, representing a -0.97 from the day prior.

Can I buy Vai Stablecoin (VAI) on Coinstash?

Yes - you can easily buy and sell Vai Stablecoin (VAI) on Coinstash. Simply login or sign up, to start buying Vai Stablecoin (VAI) in minutes.

Where is the best place to buy Vai Stablecoin (VAI) in Australia?

The best place to buy Vai Stablecoin (VAI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Vai Stablecoin (VAI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Vai Stablecoin (VAI)?

The trading volume of Vai Stablecoin (VAI) is 102.1K AUD in the last 24hrs, representing a -0.97 from the day prior.

How can I buy Vai Stablecoin (VAI)?

Vai Stablecoin (VAI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Vai Stablecoin (VAI)?

The current market cap of Vai Stablecoin (VAI) is 7.0M AUD.

Can I convert Vai Stablecoin (VAI) to cash?

Yes - With Coinstash you can convert your Vai Stablecoin (VAI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Vai Stablecoin (VAI) are there?

The current circulating supply of Vai Stablecoin (VAI) is 4.6M.

Is Coinstash a safe place to buy Vai Stablecoin (VAI) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Vai Stablecoin (VAI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

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.