BTCC/ Crypto Prices / Venus DAI (VDAI)
Venus DAI

Venus DAI Price VDAI

USD
$0.02613
$0.000006635991504430.056635 +0.03%
1D7D1M3M1Y YTD All

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Venus DAI Today's Price

About Venus DAI

VDAI is a yield-bearing token that represents a user's supplied DAI stablecoin within the Venus Protocol, a leading decentralized finance (DeFi) lending and borrowing platform on the BNB Chain.

Key takeaways

  • VDAI is a receipt token minted when you supply DAI to the Venus Protocol, accruing interest over time.
  • It functions within a decentralized money market, allowing users to earn passive yield on stablecoin deposits.
  • The token's value is directly pegged to the underlying DAI, with its balance increasing as supply interest compounds.
  • VDAI can be used as collateral to borrow other assets on Venus, enabling leveraged DeFi strategies.
  • It plays a crucial role in the Venus ecosystem's liquidity and stability mechanisms.

What is Venus DAI? Key Specifications & Tokenomics

VDAI is a Venus Market token (vToken) that accrues interest for suppliers of DAI on the Venus Protocol.


ItemDetails
Name (Ticker)Venus DAI (VDAI)
Alternative NamesvDAI
Consensus MechanismN/A (Issued on BNB Chain, which uses Proof of Staked Authority)
Smart ContractsYes (BNB Chain BEP-20)
CategoryDeFi (Decentralized Lending)
Hash AlgorithmN/A
Block RewardN/A
Max SupplyVariable (Minted/Burned based on DAI supply/withdrawal)
TPSDependent on BNB Chain
Scaling SolutionBNB Chain
BlockchainBNB Chain

Who created Venus DAI (VDAI)?


The Venus DAI token was created by the developers of the Venus Protocol. Venus was founded by a pseudonymous developer or team known as "Swipe Wallet," which later integrated with the Binance ecosystem. The protocol is now governed by the Venus community through a decentralized autonomous organization (DAO), where holders of the protocol's native governance token, XVS, vote on key parameters and upgrades. The core team and community maintain and develop the smart contracts that govern the minting and burning of VDAI and other vTokens.


How does Venus DAI (VDAI) work?

VDAI operates as the core interaction point for DAI within the Venus money market. Here's the process:

  • Supply & Minting: When a user supplies DAI to the Venus Protocol, the platform's smart contracts automatically mint an equivalent amount of VDAI tokens and send them to the user's wallet. Your VDAI balance represents your share of the total DAI pool.
  • Interest Accrual: The supplied DAI is pooled and made available for other users to borrow. Borrowers pay interest on their loans. This interest, after a portion is reserved for protocol reserves, is distributed to suppliers. Instead of receiving separate interest payments, your VDAI balance increases over time as the exchange rate between VDAI and the underlying DAI rises.
  • Withdrawal & Burning: When you wish to withdraw your DAI plus accrued interest, you return your VDAI tokens to the protocol. The smart contracts then burn those VDAI tokens and release the corresponding amount of DAI (based on the current, higher exchange rate) back to your wallet.

What makes Venus DAI (VDAI) unique and valuable?

VDAI's value proposition is tied directly to the Venus Protocol's features:

  • Passive Yield Generation: It provides a straightforward way to earn a yield on idle DAI holdings without active trading. The interest accrues automatically in the background.
  • Collateral Utility: Holding VDAI isn't just for earning yield. You can use it as collateral to borrow other cryptocurrencies on Venus. This allows for complex strategies like leveraging positions or accessing liquidity without selling your DAI.
  • Ecosystem Integration: As a core vToken, VDAI contributes to the overall liquidity and health of the Venus Protocol. A deep and stable DAI market is essential for the platform's borrowing and lending efficiency.
  • Transparent and Automated: The interest rate model and token mechanics are fully governed by transparent, audited smart contracts, removing intermediary risk.

What is Venus DAI (VDAI) used for?

The primary use cases for VDAI are centered around decentralized finance activities:

  • Earning Supply APY: The main use is to deposit DAI to earn a variable interest rate, with returns compounded directly into the growing value of the VDAI token.
  • Securing Loans: Users lock their VDAI as collateral to take out loans in other supported assets, enabling access to capital while maintaining exposure to potential DAI yield.
  • Liquidity Provision: By supplying DAI, users provide essential liquidity to the Venus market, facilitating borrowing for others and earning interest in return.
  • DeFi Strategy Component: VDAI can be integrated into more advanced DeFi strategies across different protocols, such as providing liquidity in yield farming pools that accept vTokens.

How to buy VDAI Coin?

VDAI is a specialized DeFi token primarily interacted with directly on the Venus Protocol. For trading, it's available on several decentralized exchanges (DEXs). However, for a secure and straightforward process to acquire the underlying DAI first, using a major centralized exchange like BTCC is recommended.

  1. Register a BTCC Account: Sign up using your email or phone number and complete the KYC verification to access all platform features and benefits.
  2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account. (How to buy USDT on BTCC)
  3. Trade for DAI: On BTCC, purchase DAI using your USDT or fiat balance. You can trade the DAI/USDT spot pair.
  4. Withdraw to a Web3 Wallet: Withdraw your DAI from BTCC to a self-custody wallet like MetaMask that is connected to the BNB Chain network.
  5. Interact with Venus Protocol: Connect your wallet to the Venus Protocol app. Supply your DAI to the platform to mint VDAI tokens directly in your wallet.
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Venus DAI FAQ

What is the price prediction for Venus DAI (VDAI) by 2030?

The price of Venus DAI (VDAI) by 2030 remains uncertain, as its future value depends on regulatory shifts, tech upgrades, and global adoption. While various forecast models offer long-term estimates, these projections vary widely, and there is no unified market consensus.

Instead of relying on a single absolute figure, experienced traders typically combine multiple data sources. You can explore BTCC's in-house algorithmic prediction models and follow the exclusive technical analysis reports published by our BTCC Academy analysts for real-time, structural market insights. It is also highly effective to cross-reference data from leading third-party platforms, such as CoinCodex for historical-algorithmic modeling, DigitalCoinPrice for technical analysis trends, and WalletInvestor for community-driven sentiment forecasts.

At BTCC, we encourage you to view these long-term projections as sentiment indicators rather than absolute facts, and focus on understanding Venus DAI's core fundamentals. Leverage our deep liquidity and secure trading terminal to execute your strategies with complete peace of mind.

How high will Venus DAI go?

Venus DAI (VDAI) price depends on many factors, including market demand, adoption, Cryptocurrency regulations, technological development and overall conditions in the cryptocurrency market.

 

No one can guarantee how high Venus DAI will go, not even market forecasts from analysts and experts. Investors should follow market trends, project progress, and broader crypto industry growth when evaluating potential price movements.

Is Venus DAI going to crash?

It is impossible to predict with certainty whether Venus DAI will crash. Like most cryptocurrencies,  Venus DAI (VDAI) price can experience both rapid increases and sharp corrections.

 

Market sentiment, investor behavior, regulations, and overall crypto market performance can all influence the price. However, the risk of a significant drop may increase if you notice the following warning signs:

 

  •  weak fundamentals or lack of real adoption
  • excessive hype without utility
  •  low liquidity or heavy concentration of large holders

 

Monitoring market trends and project updates can help investors better understand potential risks.

Is now a good time to buy Venus DAI? Should I buy Venus DAI now?

There is no perfect timing. Whether now is a good time to buy Venus DAI(VDAI) depends on your investment strategy, risk tolerance, and market outlook. Some investors look at price trends, technical indicators, and project fundamentals before making a decision.

 

Since cryptocurrency prices can move quickly, it’s important to do your own research and consider both short-term volatility and long-term potential:

 

  • Long-term belief - consider gradual buying, such as DCA (dollar-cost averaging) 
     
  • Short-term trade - look at trend direction, support levels, and volume
     

Is it safe to buy Venus DAI?

Buying Venus DAI involves risk, and no cryptocurrency is completely safe. Like any cryptocurrency, VDAI is volatile, which means Venus DAI (VDAI) price can change quickly. 

Before buying Venus DAI, it’s important to research the project, understand its use case, check market conditions, and only invest money you can afford to lose. 

Using trusted exchanges like BTCC and secure wallets can also help reduce potential risks.

Why is Venus DAI price dropping today?

The price of Venus DAI (VDAI) may go down for several reasons. Cryptocurrency prices are highly volatile and can change due to shifts in market sentiment, broader crypto market trends, macroeconomic events, regulatory news, or large sell-offs by investors.

 

Short-term VDAI price declines do not always reflect the long-term potential of Venus DAI. To better understand price movements, it is helpful to consider factors such as overall market conditions, project updates, trading volume, and investor demand before making any investment decisions.

 

Why is Venus DAI going up?

Venus DAI's price is increasing due to demand outstripping supply, fueled by widespread adoption, positive news, and investor optimism. For in-depth analysis, visit our BTCC Academy.
 

Is Venus DAI a good investment based on its price history?

Venus DAI(VDAI) has historically grown over time but is volatile. Investment depends on risk tolerance and long-term strategy.

When will Venus DAI crash again?

Predicting the exact timing of a Venus DAI crash is impossible, as the market is influenced by a complex mix of global economics, regulation, and investor sentiment.

 

For a long-term investor, understanding this cyclical nature is more valuable than trying to time the next crash. Also visit the BTCC Academy section for technical and marketing information.

What was Venus DAI’s all-time low (ATL)?

The Venus DAI All-Time Low (ATL) price was $0.01948, recorded on 2023-03-11 07:45. This stands as the lowest price for Venus DAI(VDAI) on record.
 

What was Venus DAI’s all-time high (ATH)?

The Venus DAI All-Time High (ATH) was $0.03120, recorded on 2021-11-17 05:05. This represents the highest price Venus DAI has ever reached. Please note that this is a historical record, and the live price fluctuates constantly. We recommend monitoring the live VDAI price for the most up-to-date information.

How many Venus DAI are there?

Venus DAI(VDAI) currently has a circulating supply of 274.54M, with its maximum supply capped at ∞.
 

What is the current market cap of Venus DAI(VDAI)?

The current market cap of Venus DAI(VDAI) is $7.17M. The market cap of a cryptocurrency refers to its total circulating supply multiplied by its current price.

What is Venus DAI's 24h trading volume?

Venus DAI's 24h trading volume is $0, representing the total value of all Venus DAI(VDAI) bought and sold across exchanges in the past 24 hours.

What is the current price of Venus DAI(VDAI)?

The current Venus DAI price is $0.02613. As the VDAI price changes constantly, BTCC offers real-time VDAI to USD prices that can be accessed at the top of our crypto price page.

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.