Details about Venus ETH cryptocurrency
Venus ETH
VETH
Unknown for now
€0
2,956,841
1
Unknown
https://venus.io/
@VenusProtocol
6607x
€411732
Venus ETH price charts
VETH exchanges
Venus ETH, the crypto
Venus ETH (VETH) is a cryptocurrency that is a collateral asset on the Venus platform, a decentralized finance (DeFi) protocol built on the Binance Smart Chain (BSC). VETH is a tokenized version of ETH, and holders of VETH can use it to earn yield on Venus or use it as collateral to borrow other cryptocurrencies on the platform.
The point
The main point of Venus ETH (VETH) is to provide a way for users to earn yield on their ETH while also having access to collateral for loans on the Venus platform. Instead of holding ETH in a traditional wallet and not earning any interest, VETH allows users to put their ETH to work in the DeFi ecosystem.
The problem
Venus ETH (VETH) tries to solve the problem of idle ETH, where holders of the cryptocurrency may not have a way to earn yield on it. By tokenizing ETH into VETH and making it usable within the Venus platform, users can put their ETH to work and earn returns on their investment. Additionally, VETH can be used as collateral for loans, which can be useful for those who may not want to sell their ETH but still need liquidity for other investments or expenses.
Compare VETH and BTC performance
| Timeframe | VETH | BTC |
|---|---|---|
| 1h change | -0.106699 % | -0.0202794 % |
| 24h change | -0.35 % | -0.623027 % |
| 7 day change | 3.36 % | 3.57007 % |
| 14 day change | -6.88 % | -1.77664 % |
| 30 day change | -5.88 % | 0.907414 % |
| 200 day change | 94.41 % | 136.014 % |
| Year change | 79.25 % | 146.53 % |