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Mr. Classic-(No DM 1st)

I am an old hand here. Been here since the

beginning when we had those NFTs (and I still have a whole lot of them). A question, what do I gain by minting Vai? I can see an APY of 512.94% at mint? What is this? Do I earn it if I mint? What is the repayment APY?

#blockchain #cryptocurrency #english #venus
0

2 ответов

19 просмотров
🅳🅰️🅽🅽🆈 BD Lead |Vanguard Team Lead | Venus Protocol-

At this time, liquidity is extremely low for VAI and it is depeged a bit so the stability fee is super high (VAI Peg Mechanism). The APY you see is interest. When it is at PEG, VAI is usually cheaper to borrow/mint than other stablecoins but right now, it's not and you should avoid minting as you can borrow other stablecoins for less interest.

0
10 месяцев назад
Alex-Gan
🅳🅰️🅽🅽🆈 BD Lead |Vanguard Team Lead | Venus Protocol
At this time, liquidity is extremely low for VAI a...

Thats good Now i can buy 1 VAI for 0.95 UDST and get profit when PEG

0
10 месяцев назад

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