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Vai is a decentralised stablecoin that operates on the Venus Protocol, a DeFi platform on the Binance Smart Chain (BSC). Launched in 2020 by the Swipe team, Vai aims to provide a stable and secure medium of exchange within the highly volatile cryptocurrency market. It is pegged to the value of the US dollar, ensuring stability for users seeking refuge from market fluctuations. As a BEP-20 token, Vai leverages the low fees and high throughput of the BSC, making it an efficient choice for transactions and lending activities. What sets Vai apart is its integration into the Venus Protocol, where it can be minted by collateralising cryptocurrencies like Bitcoin, Ethereum, and Binance Coin, thereby offering flexibility and financial inclusion within the DeFi landscape.
