Circulating supply
2,633,762 VIRES
Total supply
2,633,762 VIRES
Max. supply
2,633,762 VIRES
Vires Finance (VIRES)
$ 0.04
Main info
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Key data
updated $0Market cap$0
Volume 24h$0
Circulating supply2.63M100% of max 2.63M
Vires Finance (VIRES) is a decentralized finance (DeFi) platform built on the Waves blockchain, focusing on lending and borrowing services. It allows users to earn interest on deposits or take out loans using crypto assets as collateral. The platform operates with algorithmic interest rates based on supply and demand.
Frequently asked questions
What is Vires Finance and how is it different?
Vires Finance is a DeFi lending protocol on Waves, similar to Aave or Compound but optimized for the Waves ecosystem. It stands out with its cross-chain compatibility and integration with Waves-based assets.
How does Vires Finance's technology work?
It uses smart contracts to automate lending/borrowing without intermediaries. Interest rates adjust algorithmically based on pool utilization, and loans are overcollateralized for security.
How is VIRES token issued and distributed?
VIRES has a fixed supply with tokens distributed through platform usage rewards, liquidity mining, and governance participation. No additional minting occurs after initial distribution.
How to store and use VIRES tokens?
VIRES can be stored in any Waves-compatible wallet like Waves.Exchange. To use it, connect your wallet to the Vires Finance platform to lend, borrow, or participate in governance.