VVS Finance Review 2023
VVS Finance is a popular decentralized exchange created by Crypto.com in 2021.
It runs on 1 different chains including Cronos.
VVS Finance offers features such as liquidity mining, limit orders, yield farming, launchpad, spot trading and more.
We rated VVS Finance 4.5/5, based on it's features, security, and future prospects.
VVS Finance Features
VVS Finance allows you to earn passive income by providing liquidity. You're given LP tokens in return, which are interest bearing. The interest comes from trading fees generated by VVS Finance.
Limit orders are trades that execute at a specified price. They're great for executing trades while you're away from your computer. VVS Finance handles the execution for you, and you may incur lower transaction fees than if you market buy/sell.
Hosts incentivised yield farms. You can earn boosted rewards from staked LP tokens. This is a great way to earn more crypto. Projects put up tokens for you to earn, often for marketing efforts.
Has a project launchpad that launches new tokens.
This means you can buy and sell the real thing. Actual crypto. Not a futures contract or derivative.
VVS Finance Fees
All DEXs charge trading fees. VVS Finance is no different.
Trading fees incentivise liquidity providers to provide liquidity to VVS Finance. This enables people like you to freely trade between tokens without incurring too much slippage.
VVS Finance does not charge withdrawal fees.
DEXs, generally, do not require you to deposit funds onto them. Therefore there is nothing to withdraw. This is one of the many great things about dencentralized exchanges. You get to be the sole custodian of your funds.
How to use VVS Finance?
- Get a crypto wallet that supports web3 on one VVS Finance's of supported chains.
- Deposit crypto into the wallet, ensuring you have tokens for gas
- Navigate to VVS Finance's homepage
- Connect your wallet to the website
- Goto Swap/Trade
- Choose a token that you'd like to swap to
- Finally, swap!
Where can I buy VVS ?
You can by VVS direct from VVS Finance. It is the native token of VVS Finance, and they will therefore offer the most liquidity.
Is VVS Finance safe?
Yes, VVS Finance is safe to use. However, you should be aware that crypto trading carries inherent risk. dApps are vulnerable to exploits, so make sure to DYOR before investing.
What chains do VVS Finance support?
VVS Finance supports Cronos.