VVS Finance is a decentralized non-custodial Automated Market Maker (AMM) protocol that brings an efficient way for users to swap and farm tokens. Users can earn passive income by providing liquidity to the market. On the other hand, you can borrow assets from the liquidity pool with enough collateral from your deposited assets.
VVS Finance operates as an automated market maker. The protocol leverages liquidity pools where users can deposit their assets to facilitate token swaps for other traders. These pools maintain liquidity through a mathematical formula that adjusts prices based on the ratio of tokens in each pool.
VVS Finance provides Bling Swap (token swap), Crystal Farms, and Glitter Mines to cater for the needs of different users.
LPs can earn rewards in the form of VVS tokens for staking LP tokens in Crystal Farms. However, the rewards from crystal mining (high profit) are only available for a limited time. The VVS token serves multiple purposes within the VVS Finance ecosystem. VVS holders can participate in governance decisions through voting on protocol parameter changes and feature implementations. Additionally, users can stake VVS to earn additional rewards.