VVS Finance VVS / VVS Finance

What Is VVS Finance (VVS)?

VVS Finance (VVS) is an automated market maker (AMM) DEX, which claims to be the first AMM on the Cronos blockchain. Launched at the end of 2021, VVS stands for "very-very-simple," hence the mission of bringing cryptocurrency and blockchain technology to the mainstream, and make DeFi easy to use.

Its ecosystem of products include Bling Swap, Crystal Farms, Glitter Mine, IGO and it offers low fees, and high transaction speeds. With VVS, users gain access to a simplified decentralized protocol where they can be liquidity providers and VVS miners.

VVS Finance operates on top of Cronos for fast and secure transactions with relatively low fees. Cronos is EVM-compatibility, which creates an EVM-like code execution environment for developers and contributes to the growth of the ecosystem. Cronos also offers IBC integration to the Cosmos ecosystem.

Who Are the Founders of VVS Finance?

VVS Finance was founded by a group of passionate individuals with diverse backgrounds and a shared love for DeFi. Coming from a deep product design background, this team of humble farmers came together with a common mission - to build DeFi products that are accessible to everyone, including their aunts and neighbors. Their ultimate goal is to bring amazing protocols to the masses and make DeFi a simple and enjoyable experience for all users.

What Makes VVS Finance (VVS) Unique?

VVS Finance applies an automated market maker model, meaning that there are no order books or middlemen, but there are liquidity pools, which facilitates transactions between assets on the DEX.

Some of the key features of VVS Finance include:

Liquidity provision. Any user can become a liquidity provider by adding tokens to a liquidity pool. In order to start trading through liquidity pools, users are required to pay swap fees to liquidity providers or LPs (fees are stored in reserves of liquidity pools). LPs receive two-thirds of swap fees (0.2% of the trading volume), while one-third is held in the Treasury of VVS Finance.

Bling Swap. The system allows users to swiftly and seamlessly exchange tokens and other AMMs between multiple liquidity pools. The trading fee is 0.3% and is shared between LPs and the platform. Users have the opportunity to earn by providing liquidity.