Venus USDC (VUSDC) Price

Defi projects continue to gain positive reviews as more. Defi projects emerge to sustain the growing demand for financial services on Dapps. The Venus project is one of the popular solutions that provides a decentralized protocol for borrowing or lending with a synthetic stablecoin.

Its token is XVS, a BEP-20 token, since it's hosted on the Binance Smart Chain platform.  Its system enables users to mint tokens with a wide collection of supported cryptocurrencies for collateral like USDC, USDT, Venus (XVS), and swipe(XSP). The Venus token ( XVS) can be used for governance in the network. Holders can also propose the addition of new collaterals, upgrades of the protocol, and other crucial concerns.

Venus USDC features and updates

Venus possesses a variety of features that allow the smooth operation of the project:

• Integration with Binance Smart Chain: through Binance smart chain support, the Venus project runs at high speeds allowing for close to instant loans and transactions.

• Price Oracles: this feature allows price data to be accurate, relevant, and provided in real time.

• Venus wallets: holders can store assets on software, online, hardware, or cold wallets depending on how much or what purpose is intended.

Venus USDC Team and support 

Venus is an ingenious Defi lending and borrowing project founded and established by the swipe development team, which Joselito Lizandro heads. The swipe group issues crypto-currency debit cards on a global scale. The same group is behind the protocol design of Venus, which was launched in 2020. A lot of care and attention was taken into designing this project, and the same is applied in their support group in case users have any queries.