Details about Venus XRP cryptocurrency
Venus XRP
VXRP
Unknown for now
€0
594,225,826
1
Unknown
https://venus.io/
@VenusProtocol
200417x
€1988.13
Venus XRP price charts
VXRP exchanges
Venus XRP, the crypto
Venus XRP (VXRP) is a cryptocurrency token built on the Binance Smart Chain (BSC) that is used as collateral for lending and borrowing activities on the Venus platform. Venus is a decentralized finance (DeFi) platform that aims to provide a more efficient and cost-effective way for users to access financial services, such as loans and yield farming.
The point
The main point of Venus XRP (VXRP) is to provide a stablecoin alternative to XRP users who wish to participate on the Venus platform. By using VXRP as collateral, they can access a variety of DeFi services offered by Venus, including borrowing and lending activities, liquidity provision, and yield farming.
The problem
Venus XRP (VXRP) tries to solve the problem of limited financial services available to XRP users in the DeFi space. By providing a stablecoin alternative that can be used as collateral on the Venus platform, XRP holders can participate in a wider range of DeFi activities and take advantage of the benefits offered by decentralized finance, such as increased transparency, reduced intermediaries, and greater control over their assets.
Compare VXRP and BTC performance
| Timeframe | VXRP | BTC |
|---|---|---|
| 1h change | -0.53337 % | 0.147369 % |
| 24h change | -5.01 % | -3.62863 % |
| 7 day change | 6.55 % | 3.9344 % |
| 14 day change | -14.94 % | -8.62535 % |
| 30 day change | -18.4 % | -7.41801 % |
| 200 day change | -0.7 % | 127.413 % |
| Year change | 17.53 % | 141.647 % |