Vai is a decentralized stablecoin built on the Venus Protocol that runs on the Binance Smart Chain.
Venus Protocol, launched in 2019, is governed by the XVS token. The latter was designed to be a fair launch cryptocurrency with no preliminary allocation to the project’s founders or its team. It can be earned through Binance Launchpool by providing liquidity to the protocol.
Vai, powered by the Venus Protocol, claims to be the first decentralized stablecoin on the Binance Smart Chain that is backed by a basket of stablecoins and other crypto assets without centralized control. Being powered by Binance Smart Chain allows Vai to offer its users a high-speed, low-fee money market.
