Vai(VAI) Prime on Ethereum
VaiVenus v5 revelation on the horizon
Venus Protocol is excited to announce Venus Prime, a revolutionary incentive program aimed to bolster user engagement and growth within the protocol. An integral part of Venus Tokenomics v3.1, Venus Prime aims to enhance rewards and promote $XVS staking, focusing on markets including USDT, USDC, BTC and ETH.
Venus Prime Essentials
Venus Prime's uniqueness lies in its self-sustaining rewards system, instead of external sources, rewards are derived from the protocol's revenue, fostering a sustainable and ever-growing program.
Eligible $XVS holders will receive a unique, non-transferable Soulbound Token, which boosts rewards across selected markets.
Prime Tokens:
Venus Prime encourages user commitment through two unique Prime Tokens:
Revocable Prime Token:
- Users need to stake at least 1,000 XVS for 90 days in a row.
- After these 90 days, users can mint their Prime Token.
- If a user decides to withdraw XVS and their balance falls below 1000, their Prime Token will be automatically revoked.
- The limit to the number of revocable Prime tokens is 500 on BNB chain. It can be changed with a VIP.
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