Venus Token

by Venus

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Sovryn

by Sovryn Foundation

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Venus Token

by Venus

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Sovryn

by Sovryn Foundation

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What problem does this service solve?

Venus is a decentralized lending marketplace that algorithmically connects lenders and borrowers.Sovryn aims to allow DeFi traders more opportunities to earn interest on their assets by leveraging Bitcoin's larger liquidity pool; as opposed to most DeFi solutions that are built on Ethereum.RCN is a peer-to-peer credit network based on a blockchain protocol with cosigned smart contracts. Its goal is to bring lenders and borrowers together and in a global credit network.

Token Stats

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Company Description

The Venus token enables the Venus Protocol; an algorithmic-based money market system designed to bring a complete DeFi lending and credit system onto the Binance blockchain. The Venus token (XVS) is designed to be a fair launch cryptocurrency, without any designated allocations to a founding team. XVS tokens can only be earned by contributing liquidity to the protocol. Venus allows users to deposit collateral to the network that can then be borrowed by other users that are required to place tokens as collateral. This creates a secure lending environment with the lender receiving an interest payment that is distributed per block, and the borrower paying an interest on the cryptocurrency they borrowed.

Sovryn is a decentralized exchange and derivatives market. It is a permisionless and non-custodial platform for earning interest on Bitcoin and other Bitcoin based currencies. Sovryn is built on the Bitcoin sidechain RSK, and hopes to advance the decentralized finance space by leveraging the larger market cap and liquidity pool of the Bitcoin ecosystem. Traders can trade, borrow, and lend bitcoin, USDT and RSK’s dollar on chain (DOC) stablecoin.

Ripio Credit Network is a blockchain protocol for the lending industry. RCN connects lenders and borrowers anywhere in the world, and facilitates loans in any currency. RCN's goal is to lower fees and costs with a decentralized tokenized lending process, but maintaining an intermediary agent in order to manage the credit risks involved in lending and to handle certain aspects of debt collection. The network is powered by the RCN token.

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