Vai (VAI) price, chart, coin profile and news

Find the latest Vai (VAI) price, coin profile, news and history to get you started with Vai trading and investing.

Vai
VAI- USD
$0.95
- $0.0001 ( - 0.01%)
DEFI

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What is Vai?

The Venus Protocol, or Venus, is a decentralised marketplace for matching lenders with borrowers. Built on the Binance Smart Chain (BSC) blockchain, it allows users to earn interest from cryptocurrency deposits. Other users can then borrow those funds through overcollateralised loans without the need for a credit check. The lender receives an annual percentage yield (APY) for deposited funds, while the borrower pays interest on what is borrowed. In comparison to similar money market platforms, Venus provides users with collateral tokens which can then be used to mint synthetic stablecoins. These synthetic stablecoins can then be used within other decentralised finance (DeFi) applications and means collateral can remain liquid. VAI is the first USD synthetic stablecoin of the Venus Protocol. It is minted directly through the platform and tracks the price of US Dollars at a ratio of 1:1. Unlike other stablecoins such as USD Coin (USDC), which is backed by real US dollars, VAI is backed by a basket of cryptocurrencies. According to the whitepaper, the stablecoin is completely decentralised, rather than controlled by a single entity.

Vai (VAI) is the 667th largest cryptocurrency in the world by market cap, valued at $23,654,536. The current price of Vai is $1.34942781, which is 0.653% higher than yesterday. Prices have ranged between $1.35645525 and $1.33102308 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 25, 2022 03:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Vai (VAI) price

Use our graph to track the performance of (VAI) over time.

Vai at a glance

Information last updated May 25, 2022 03:05 UTC.
Coin symbol VAI
Coin Marketcap AUD$23,654,536
Total VAI supply 24,716,372
Circulating VAI 24,716,372
Current price AUD$1.34942781
All time high AUD$2.3829
All time high date February 07, 2021

Vai price performance over time

Historical prices compared with the price of $1.34942781.

1 hour 0.20%
24 hours 0.65%
7 days 2.66%
14 days 1.51%
30 days 2.17%
60 days 5.70%
200 days 13.33%
1 year 3.86%

Disclaimer: Cryptocurrencies, including Vai, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of VAI is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Vai or any other cryptocurrency discussed.

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