What are the main use cases of XVS in the DeFi ecosystem?

What are the main use cases of XVS in the DeFi ecosystem?

Blog Article

The primary use case of XVS is governance within the Venus Protocol, allowing holders to vote on protocol upgrades, system changes, and collateral asset additions. Beyond governance, XVS can also be staked to earn rewards, used as collateral for loans, and traded on various copyright exchanges. Its versatility in DeFi makes it an attractive option for those involved in decentralized finance. To evaluate the full scope of its use cases, checking the price and demand for XVS can help assess its growing role in the ecosystem.