| General information | |
|---|---|
| Global rank: | 676 |
| Name: |
VAIOT |
| Symbol: | VAI |
| Current coin price (MGA): | 419.88 Ar |
| Last hour: | arrow_upward2.68 % |
| Last 24 hours: | arrow_upward2.67 % |
| Last 7 days: | 15.50 %trending_up |
| Capitalisation (MGA): | 144 752 670 617.40 Ar |
| Volume 24h (MGA): | 3 325 487 500.76 Ar |
| Available supply: | 344 751 032.00 VAI |
| Total coin supply: | -1 VAI |
| Start date: | 2020-11-23 |
VAIOT/Malagasy Ariary (VAI/MGA) price chart
VAIOT/Malagasy Ariary (VAI/MGA) capitalisation and volume charts
VAI is Venus Protocol’s native decentralized stablecoin that is minted and redeemed directly on the Venus platform running on Binance Smart Chain.
The Venus Protocol will enable users to mint VAI (VAI), a synthetic stablecoin based on the price of $1 USD, by using the vTokens from the underlying collateral that they have previously supplied to the protocol. Users can borrow up to 50% of the remaining collateral value they have on the protocol from their vTokens to mint VAI.