Vai is a pioneering decentralized stablecoin that operates on the Binance Smart Chain, supported by the Venus Protocol. As a stablecoin, it is designed to maintain a stable value and is backed by a basket of crypto assets.
The Venus Protocol, launched in 2019, is a fair-launch project governed by the XVS token, which has no pre-allocation to founders or team members. Liquidity providers on the Binance Launchpool can earn XVS tokens.
Vai offers a high-speed, low-fee money market thanks to the support from the Binance Smart Chain. The Venus Protocol allows users to lend and borrow crypto assets with ease, facilitating the minting of VAI stablecoin against a collateral of at least 200%.
The decentralized nature of the Venus Protocol means that users can obtain loans without credit checks, using the Venus DApp. The loans are sourced from a pool funded by Venus users, who earn APY on their contributions.
To purchase VAI Coin, one can use Binance, the largest cryptocurrency exchange by trading volume. After registering and depositing fiat currency, users can buy Bitcoin or BUSD to trade for VAI, with the option to place limit orders for desired prices.