What is Venus (XVS), and how does it work?
Venus Protocol is a decentralized lending and credit platform built on the BNB Chain, established in 2020. It gives its users the possibility to earn interests by lending cryptocurrencies, as well as take loans by pledging collateral.
XVS is the governance token of the entire protocol. It is mainly used to make decisions regarding the development of the project. However, XVS hodlers can also lock tokens and thus receive lower interest rates when borrowing and higher interest rates when depositing. XVS can also be staked in a vault to earn rewards in the form of passive interests.
As you can see, XVS is a very useful token. The fact that it is linked to the world’s largest crypto exchange — Binance — also confirms its good reputation. That’s why Ari10 decided to list it on the Ari10 Gateway, thus expanding the list of available crypto assets on the BNB chain. So far, it has included BNB, BUSD, and ARI10.
Nevertheless, it is not only XVS that represents the strength of the Venus Protocol. The project has also implemented another innovative solution — “Isolated Markets.”
These isolated markets consist of separated pools. They allow users to more effectively manage risk while earning. What’s more, they secure the liquidity of the entire protocol. How? Because these pools are restricted to their specific market only. Their other advantage is various rewards that motivate users to deposit collateral.
PS. crypto hodlers can earn passive income by also using their other assets to supply collateral to the network.
Currently, the isolated markets on Venus Protocol support 15 different assets divided into 5 pools: DeFi, GameFi, Tron, Stablecoins, and Liquid Staked BNB. The tokens are namely:
- BSW
- ALPACA
- USDT
- USDD
- ANKR
- RACA
- FLOKI
- BTT
- TRX
- WIN
- HAY
- WBNB
- BNBx
- stkBNB
- ankrBNB
What is Ari10 Gateway?
Ari10 Gateway is an innovative solution that works in the form of a widget. It is a fiat-crypto (on-ramp) payment gateway that allows B2B customers to sell cryptocurrencies on their own website. Its implementation is very simple and actually comes down to just pasting a few lines of code into the website structure.
From an individual, private customer’s point of view, Ari10 Gateway offers an easy way to buy cryptocurrencies. The entire process requires just a few clicks of the mouse or finger (in the case of the mobile app). Moreover, various payment methods allow for finalizing the transaction within seconds. In the conventional version on the gateway from Ari10, you can buy BTC, ETH, USDT, BNB, BUSD, ARI10, and soon it will also be XVS token.
If you want to learn more about the features and advantages of Ari10 Gateway solution, we invite you to our other article. You will find more details here.
On the other hand, if you are a company and would like to discuss the possibility of cooperation and implementation of the Ari10 Gateway widget on your site, please get in touch with us.