Details about Venus DAI cryptocurrency
Venus DAI
VDAI
Unknown for now
€0
146,802,520
1
Unknown
https://venus.io/
@VenusProtocol
380630x
€8292.96
Venus DAI price charts
VDAI exchanges
Venus DAI, the crypto
Venus DAI (VDAI) is a cryptocurrency that is pegged to the value of the DAI stablecoin. It is issued on the Venus blockchain, which is a decentralized finance (DeFi) platform that allows users to lend and borrow cryptocurrency, as well as earn interest on their holdings.
The point
The main point of Venus DAI (VDAI) is to provide users with a stable, decentralized asset that they can use for lending and borrowing on the Venus platform. Because it is pegged to the value of DAI, which is backed by collateral in the form of other cryptocurrencies, VDAI is seen as a reliable asset with low volatility compared to other cryptocurrencies.
The problem
Venus DAI (VDAI) tries to solve the problem of volatility in the cryptocurrency market by providing users with a stablecoin that is pegged to the value of another stablecoin (DAI). This allows users to engage in lending and borrowing activities on the Venus platform without having to worry about fluctuations in the value of their assets. Additionally, because Venus is a decentralized platform, users can transact without needing to rely on centralized financial institutions.
Compare VDAI and BTC performance
| Timeframe | VDAI | BTC |
|---|---|---|
| 1h change | -0.140787 % | -0.0202794 % |
| 24h change | -0.63 % | -0.623027 % |
| 7 day change | -0.77 % | 3.57007 % |
| 14 day change | 1.77 % | -1.77664 % |
| 30 day change | 2 % | 0.907414 % |
| 200 day change | 3.98 % | 136.014 % |
| Year change | 9.86 % | 146.53 % |