When someone says to beware of slippage when using DeFi, the intent is categorically to warn of a sudden price change due to a change in liquidity. For a new user, it could be worth it if you bid for 100 USDT at 100 USD. But less liquidity during trading meant you got USDT at a much higher price.
This would result in an estimated $10 loss on your trade. As a result, the question arises of how to overcome this delay. VVS Finance is a protocol that has simplified trading, swapping, staking and earning returns; hence the name Very Very Simple Finance.
What is VVS finance?
As an AMM protocol built on top of the Cronos chain, VVS Finance simplifies trading DeFi assets with marginal network fees through its native VVS token. Users can bypass high fees while using VVS tokens. At the same time, they can even join specific liquidity pools.
VVS Finance allows access to different liquidity pools via its native token for staking and exploring the Initial GEM Offering or the IGO program. The IGO program is a trading battle event that users can enter and walk away with big prizes.
How does VVS Finance eliminate slippage problems?
In general, slippage occurs when the market is extremely volatile and liquidity is very low. VVS Finance counters this with fast swaps, where users can trade across multiple liquidity pools by paying a nominal 0.3% trading fee. In addition, there are also other rewards in the form of CRC-20 pool tokens given to LP holders.
These tokens can be staked in the VVS DEX yield farms. Through the process of quick incentives after every second for holding the tokens, liquidity providers always balance liquidity across different liquidity pools to handle extreme price volatility; thereby eliminating the slip scenario.
VVS Finance New timetable for 2022?
2021 was the year of excitement as VVS Finance penetrated the market through collaborations, funding, NFT launch, TVLs, community building and finally the Christmas event that brought the year to a crucial close. 2022 will be even greater than 2021 as the first phase of the 2022 Roadmap will introduce Smart LP Removal features.
This would set a condition and ratio based on which the LPs can withdraw funds without incurring an inconsistent loss. To this end, the protocol sets distance goals in line with the initial deposit to eliminate all instances of temporary loss.
In addition, VVS Finance will also launch xVVS tokens, which will allow stakers to share in the trading fees of the platform. As a high-yield governance token, xVVS holders not only receive better interest rates for token usage, but also participate in the governance of the VVS ecosystem.
VVS price prediction for 2022
VVS token price has been steadily falling for the past seven days as per the chart. The token’s greed index has taken a hit with extreme fear prevailing in the market. All of these concerns are giving way to far worse days where the token can drop as low as $0.000025.
With the current market sentiment showing a bearish signal for the token after posting consistent gains of 20% over the past week, VVS could undoubtedly be a good token to buy going forward, but the current stats do not paint a rosy picture going forward . The crypto market as a whole is in a bearish trend, so it’s only natural that VVS is also tanking.
How do I buy VVS tokens?
You can buy VVS tokens on 2 main exchanges that have decent trading volume: Crypto.com and Bitget.
Featured Posts
You May Also Like
More from altcoins
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.