VRT

Venus Reward Token price
VRT
#2240

$0.00002073  

0.73% (1d)

Venus Reward Token to USD Chart

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Venus Reward Token statistics

Market cap
$456.14K

0.73%

Volume (24h)
$1.08K

108.93%

FDV
$622.01K
Vol/Mkt Cap (24h)
0.2382%
Total supply
30B VRT
Max. supply
--
Circulating supply
21.99B VRT
VRT to USD converter
VRT
USD
Price performance
24h 
Low
$0.00002052
High
$0.00002182
All-time high
May 27, 2021 (4 years ago)
$0.01632
-99.87%
All-time low
Sep 11, 2024 (3 months ago)
$0.00001001
+107.09%
See historical data


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About Venus Reward Token

Venus Reward Token is a mechanism created to become an additional mining distribution to suppliers and borrowers of Venus Protocol. The goal is to gradually lower XVS inflation rate and also include burning XVS throughout this process. Since XVS is the Governance token that controls the entire protocol, our goal is to make the total supply lower over time to make Governance more secure. In substitution to this, we realize that a lucrative APY yield created by the protocol is important. VRT will have a total supply of 30 billion and be distributed to users over the course of 4 years while we plan to have the XVS distribution double to around 8 years to compliment the reductions. All of this is subject to Governance changes and on-chain proposals.
 
 
 
 
 
 

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