Item: VIRES
Rating: 3.00

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VES

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WikiBit Risk Alerts

Previous Detection 2024-12-22

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

VIRES Price Chart

Vires Finance introduction

Markets

0.00%

-3.32%

+148.04%

All

-96.37%

No data

VIRES is a cryptocurrency token that serves as the native utility token of the Vires.Finance protocol, a decentralized non-custodial liquidity protocol built on the Waves Blockchain 。Users and decentralized applications (dApps) can participate in this protocol as depositors or borrowers, providing liquidity to the market to earn passive income or borrowing in an overcollateralized manner.

The Vires.Finance platform utilizes a common pool-based mechanism where all deposited funds are used in interest-bearing activities equally. Being based on the Waves Blockchain, it offers extremely low transaction fees, making it attractive for both high and low volume deposits and loans 。

VIRES token holders have certain privileges within the ecosystem, including participating in the governance of the platform by proposing and voting on system parameters. Additionally, stakers of the VIRES token earn a share from the interest paid by borrowers 。