What is XVS?
XVS is the governance token of Venus, an algorithmic money market and synthetic stablecoin protocol launched exclusively on Binance Smart Chain. The protocol introduces a simple-to-use crypto asset lending and borrowing solution to the decentralized finance ecosystem, enabling users to directly borrow against collateral at high speed while losing less to transaction fees. In addition, Venus allows users to mint VAI stablecoins on-demand within seconds by posting at least 200% collateral to the Venus smart contract
How to get the best swap rate for XVS?
Step 1: Use your e-wallet to connect to dApp SwapX
Step 2: Choose XVS to swap for USDT or other tokens
Step 3: Compare swap rates for XVS on SwapX and other exchanges
AMMs on Binance Smart Chain have lower fee, faster transaction speed, but still suffers from low liquidity and high price slippage. Also, as BSC is a relatively new public blockchain, it needs some time to develop cross-chain solutions and dApps that are more popular than those on Ethereum.
As an advocate for BSC, LaunchZone Ecosystem is committed to providing an ultimate solution for DeFi by building a new generation of AMM called LaunchZone SwapX. LaunchZone SwapX uses Cross-Chain Layer 2, LaunchZone’s unique technology, to automatically acquire the best pricing available for cryptocurrency swaps on BSC.
For more details about SwapX, click here.
Link to LaunchZone SwapX: https://swapx.launchzone.org/#/
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