If there a proposal to put DOT as jump rate

Question

Venus Protocol

Tony - NOT AN ADMIN

If there a proposal to put DOT as jump rate

instead of the regular rate ?

#blockchain #cryptocurrency #english #venus

0

05.03.2022

4 ответов

12 просмотров

W W

🅳🅰🅽🅽🆈 BD & Community Lead | Venus
Yes. It will be upgraded soon.

Sorry to bother you. Can you please tell - what to do with vbnb please?

0

06.03.2022

🅳🅰🅽🅽🆈 BD & Community Lead | Venus

W W
Sorry to bother you. Can you please tell - what to...

vTokens are a tokenized representation of your supplied balance on Venus Protocol. Each vToken has a unique BEP20 address, which you can view on Binance Smart Chain explorers such as bscscan. When you supply an asset to Venus, you will receive the equivalent amount of vToken in return. Because interest accrues by the block, it wouldn’t make much sense to constantly distribute payouts. Essentially, vTokens allow users to accumulate interest without needing to have the amount paid out every block. It works by the underlying assets representing one vToken gradually increasing over time, depending on the market’s Supply APR. For example: Assuming a vBUSD/BUSD rate of 0.0204, if you supply 1000 BUSD to Venus then you would receive ~49019 vBUSD in return (1000 / 0.0204). Let’s say one year later, the vBUSD/BUSD rate has gone up to 0.0215. That would mean your 49019 vBUSD is now worth 1021.5 BUSD (1000 * 0.0215) – an increase of 21.5 BUSD. One of the benefits of vTokens is that they are transferable and continue to earn interest regardless of where they are held. However, remember that vTokens determine the Borrow Limit of the wallet they reside in. Meaning a transfer of vTokens could lead to liquidation scenarios. We expect to see more use cases for vTokens as the Binance Smart Chain ecosystem grows.

0

06.03.2022

W W

🅳🅰🅽🅽🆈 BD & Community Lead | Venus
vTokens are a tokenized representation of your sup...

Thanks so much 🙏

0

06.03.2022

🅳🅰🅽🅽🆈 BD & Community Lead | Venus · Accepted Answer

🅳🅰🅽🅽🆈 BD & Community Lead | Venus

Yes. It will be upgraded soon.

0

05.03.2022

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If there a proposal to put DOT as jump rate

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