Venus LTC Price

Venus LTC (vLTC) is a cryptocurrency token within the BNB Smart Chain ecosystem. It functions as a synthetic representation of Litecoin, issued by the Venus Protocol’s decentralized money market.

The protocol brings algorithmic lending and synthetic stablecoin mechanics to BNB Chain users. vLTC solves the friction of accessing Litecoin’s price exposure without requiring native LTC holdings, enabling composable DeFi strategies. Borrowers and lenders interact with the asset through an overcollateralized vault architecture.

Venus LTC operates on the BNB Smart Chain network.

The token adheres to the BEP-20 standard and its contract address, 0x57a5297f2cb2c0aac9d554660acd6d385ab50c6b, is publicly verifiable on BscScan. All transactions and supply adjustments are recorded on the BNB Smart Chain ledger.

The Venus Protocol surfaced as one of the first major money markets deployed on BNB Chain, offering a permissionless platform for borrowing and lending digital assets. Venus LTC emerged as part of the protocol’s synthetic asset layer, extending Litecoin liquidity into the BNB ecosystem. Without a centralized issuer, the token’s supply dynamically responds to user interactions with the protocol’s smart contracts.

The broader Venus project aims to create an algorithmic marketplace where users can mint synthetic stablecoins and mirrored assets against their crypto collateral. For vLTC specifically, the objective is to maintain a trustless peg to the Litecoin price, allowing DeFi participants to earn yield or hedge without off-ramping from the BNB Chain environment.

Within the protocol, vLTC acts as a debt representation minted when users lock accepted collateral. It can then be supplied to the money market to earn a variable supply APY, or utilized as collateral itself to borrow other assets, including Venus’s native stablecoin VAI. The token’s supply therefore expands or contracts based on open interest in the underlying Litecoin market.

A user might deposit BNB as collateral, mint vLTC tokens, and deposit them into the protocol’s LTC market to accumulate yields. Alternatively, the token can be swapped on supported decentralized exchanges to gain immediate synthetic Litecoin exposure. Lenders who supply vLTC to the market effectively provide synthetic LTC liquidity for borrowers seeking leverage.

Venus LTC has a total supply of 2,285,506.28 tokens. Currently, 0 are in circulation. With a market capitalization of $0, Venus LTC ranks #1,256 among all cryptocurrencies.