What is Veno Yield Bearing ETH
In December 2023 Cronos, a leading open-source blockchain project and ecosystem, announced the launch of Cronos zkEVM Chain public testnet, a zero-knowledge (ZK) layer 2 blockchain network that represents a significant milestone on Cronos' journey towards scalability and mainstream adoption.
Cronos zkEVM is a blockchain network using ZK Stack, launched in a partnership between Cronos Labs and engineering teams from Matter Labs (the team behind ZKsync), Crypto.com, VVS Finance, Fulcrom Finance and Veno Finance.
Cronos zkEVM's value proposition includes the following differentiating features:
1/ Leverages Cronos' vibrant ecosystem of end-users and developers (#CROFam). Utilizes zkCRO, a liquid staked version of CRO, as the gas token.
2/Scalable and cost-efficient zero-knowledge proof system leveraging Ethereum security.
First ZK chain to go live in mainnet besides ZKsync Era, participating in the "end game" of Ethereum scalability.
3/ "Triple yield" concept supported natively by the DeFi ecosystem: natively yield-bearing cryptocurrencies, DeFi yield, loyalty points.
4/ Native account abstraction enabling gasless transactions.
Veno Yield Bearing ETH vs Stoic
It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.
There is no guarantee that In 5 years, YBETH would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of YBETH might derail its progress.
Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including YBETH.
Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.
The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.
Over 12,000 people already use Stoic to automate their crypto investing.
