VVS

Market Making

VVS is a decentralized exchange protocol native to the Cronos chain, allowing permissionless trades and liquidity provision (to earn trading fees).

Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
Summary
What we like
VVS is designed to be the simplest DeFi platform for users to swap tokens and earn high yields.
What we like less
The team is anonymous and has significant control over the platform as the private key is held by a single individual.
What it means for you
Offers you a top decentralized exchange on the Cronos blockchain to swap asset and provide liquidity while also profit sharing through its staking vault.
Information
Exploit/Hacks
None
Info
  • Website
  • Token: VVS
  • Tags: Market Making
Key Metrics
  • TVL: $255.7M (Rank #52)
  • TVL Ranking by Market Making: #0
  • Blockchain: Cronos
  • Chain TVL
    • Cronos: $255.68M
Risk Assessment
Watch Out
Protocol Code Quality
  • Code not reviewed by any experienced auditors
  • Anonymous team reduces transparency
  • No documented protocol hacks since launch
Protocol Maturity
  • Core protocol launched in 2021; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 5% by total value locked reduces risk
  • Core contracts can be upgraded with just an EOA wallet
  • No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
  • Low voting power concentration reduces risk
Protocol Design
  • No death spiral concerns
  • This protocol is susceptible to risks related to decentralized exchanges (DEXs), such as impermanent loss
Things to know about VVS

How VVS works

VVS is an automated market maker (AMM) like PancakeSwap that launched in 2021 on the Cronos blockchain. AMMs rely on liquidity pools rather than traditional order books to execute decentralized trades. The liquidity pools are funded by users who deposit two tokens in equal proportion in exchange for a liquidity provider (LP) token that represents their claims to their share of the total pool, plus a portion of trading fees. On VVS, users can earn additional yield by staking their LP tokens to farm for the protocol's native VVS token.

How VVS makes money

Biswap charges a 0.3% fee on all trades within a liquidity pool. Of this amount, 0.2% is paid to LPs as a reward for providing liquidity and 0.1% is sent to the protocol treasury. The treasury funds are used to cover the team's operating expenses. Following the launch of VVS staking (xVVS), 0.08% of the 0.1% sent to treasury will be used to buyback VVS and distributed proportionally to xVVS holders.

How you make money on VVS

You can provide liquidity on VVS to earn 0.2% trading fees on VVS. You can also stake VVS on the platform (xVVS) to earn additional rewards paid in VVS. The protocol constantly earns 0.08% of all trading fees to be used to buyback and distribute to xVVS holders.