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vardhan-btc

Hi I have question. I supply some doge on binance

weeb3 thn it's convert to vdoge automatically.

How to get back to doge now?

#blockchain #cryptocurrency #english #venus
0

8 ответов

23 просмотра
Venus Bot-

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
11 месяцев назад
Deborah | 🇳🇬 Never DM First 🇳🇬-

When you want to claim back your asset, you can simply navigate to your account and click on withdraw

0
11 месяцев назад
vardhan-btc Автор вопроса
Deborah | 🇳🇬 Never DM First 🇳🇬
When you want to claim back your asset, you can si...

I did this on binance. I can't see any claim or unsupply unstake over there

0
11 месяцев назад
🅳🅰️🅽🅽🆈 BD Lead |Vanguard Team Lead | Venus Protocol-
vardhan btc
I did this on binance. I can't see any claim or un...

If you supplied DOGE, you have DOGE staked on the market. To withdraw it simply click withdraw and it will swap your vTokens back to Doge.

0
11 месяцев назад
vardhan-btc Автор вопроса
🅳🅰️🅽🅽🆈 BD Lead |Vanguard Team Lead | Venus Protocol
Answered 👍

One more question. Will I get same amount of doge which I supply? Or any depreciation based on price fluctuations

0
11 месяцев назад
Deborah | 🇳🇬 Never DM First 🇳🇬-
vardhan btc
One more question. Will I get same amount of doge ...

You'll get the same amount of doge you supplied. For instance if you supplied 50 doge, you are getting 50 doge.

0
11 месяцев назад

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