VVS Finance cryptocurrency exchange is a decentralized exchange built to offer simplicity and ease of use to its users. The platform focuses on enabling users to easily swap tokens and earn yields “while having fun.” Besides, VVS stands for "Very Very Simple."
Founded in 2021, the exchange is built on the Cronos blockchain to offer DeFI services to people new to the concept, while providing a platform that has features experienced investors and traders can use as well.
Being a decentralized platform, there are no cumbersome KYC verification processes. To join the platform, all you have to do is to connect your wallet and you are good to go. Furthermore, there are no restrictions on the countries where people can make use of its services.
There are over 300 VVS Finance trading pairs available for swapping on the platform. The major markets on VVS Finance crypto exchange are USDT, WCRO, USDC, and VVS. These are the main cryptocurrencies that are paired with others. The platform also supports wrapped versions of BTC, ETH, ADA, and CRO. Furthermore, there is no VVS Finance spot trading option as the platform is built for swapping and other forms of decentralized finance transactions. However, the platform has the option to perform limit order transactions.
In terms of VVS Finance exchange fees, the platform charges for all swapping activities carried out. There is a further VVS Finance crypto price of 0.1% placed on all limit order transactions. There are no charges for the cancellation of orders, however, users will have to pay for all gas fees incurred. For deposits and withdrawals, users have to pay for the network fees of the cryptocurrency in question.
The exchange has its own native token – the VVS token. It serves as the platform’s utility, rewards, and governance token. Holders of the token can also get discounts on transaction fees and other benefits. Check out the VVS Finance crypto price right here.
The Bling Swap offered by VV Finance provides a fast way for users to exchange tokens at only a small cost. This is different from centralized exchanges that use traditional order books. The trading fee of 0.3% goes to liquidity providers and the platform itself. Furthermore, by staking their LP tokens, holders of CRO can gain access to higher rewards than they would with traditional centralized yield accounts. Crystal Farming offers pools for both BTC and ETH, allowing token holders to earn even more in rewards by simply staking their tokens.
The Glitter Mines feature offers users an easy way to stake and accrue rewards. There are three methods of doing this: Auto VVS, Manual VVS, and Partnered Mines. Auto VVS allows you to automatically compound your VVS tokens so that you can earn more. With Manual VVS, you will have to manually harvest the rewards and reinvest them in the mine. Lastly, with Partnered Mines, you need to stake xVVS governance tokens in order to gain access to tokens from partners during the mine opening period. However, harvesting must be done manually as well.
Moreover, with their Initial Gem Offering feature, VVS Finance cryptocurrency exchange users are granted priority access to special sales of new tokens from upcoming projects being introduced on the Cronos blockchain. Furthermore, project creators have the opportunity to collaborate with the VVS system and launch their venture in the top DEX built on Cronos.
Additionally, the exchange has the Miner Moles NFT collection, which features 10,000 unique miner moles. Besides, the NFT collection has an extension platform called VVSGotchi. It allows users to feed their NFTs, interact with them, and take them on quests. The platform is inspired by the traditional Tamagotchi game.
About the Company
Not much is known about VVS Finance's team, except that they refer to themselves as the "Craftsman," have a strong background in product design, and are dedicated to making DeFi protocols available to everyone. Despite their anonymous status, VVS Finance has established numerous beneficial partnerships with influential companies such as Crypto.org and Crypto.com networks. Additionally, they were part of the Particle B Incubation program which helps promote new DeFi projects.
Care to see the live VVS Finance trade volume? Check out the VVS Finance volume chart above.