Venus XRP Price

Venus XRP (vXRP) is a cryptocurrency operating as a BEP-20 token on BNB Smart Chain. Its entire existence is confined to the BNB Chain Ecosystem, where it functions as an interest-bearing receipt for XRP deposited into the Venus protocol.

The asset’s primary utility lies within Venus, an algorithmic money market and synthetic stablecoin protocol. This DeFi platform confronts a concrete liquidity problem: XRP, native to the XRP Ledger, lacks integration with BNB Chain’s lending markets. vXRP bridges this gap by tokenizing XRP deposits, enabling users to earn variable yield and tap into borrowing markets without leaving the BNB Chain environment.

Venus XRP operates on the BNB Smart Chain network. Its smart contract, deployed at address 0xb248a295732e0225acd3337607cc01068e3b9c10, interacts with Venus’s core pools to track the ever-increasing exchange rate between vXRP and the underlying XRP collateral.

Technically, the token adheres to the BEP-20 standard, which keeps it fully compatible with the Ethereum Virtual Machine and a broad array of wallets and decentralized exchanges on BSC. Because vXRP is a positive-rebase token, its balance in a holder’s wallet does not change; instead, the token’s value appreciates relative to XRP as interest accrues. This design eliminates the need for manual reward claims and maintains atomic composability with other DeFi primitives.

The Venus money market, responsible for minting and redeeming vXRP, operates without a publicly identified founding team. Governance resides with the XVS token, which controls risk parameters and asset listings. vXRP came into circulation as a natural offshoot of the protocol’s goal to onboard XRP liquidity onto BNB Smart Chain.

The broader mission of the Venus protocol centers on freeing financial infrastructure from traditional gatekeepers by allowing anyone to lend, borrow, or create synthetic stablecoins using cryptocurrency collateral. Within that framework, vXRP specifically extends this permissionless access to XRP holders, enabling them to deploy their assets productively instead of leaving them dormant in cold storage. The result is a more capital-efficient cross-chain ecosystem.

Mechanically, vXRP acts as a rebasing IOU. When a user deposits XRP into the Venus pool, the protocol issues freshly minted vXRP at the current exchange rate. Interest collected from borrowers continuously increases the exchange rate, meaning each vXRP token can be redeemed for a growing amount of XRP over time. The token can also be locked as collateral to borrow other assets such as USDT, BTCB, or BNB, with the usual overcollateralization ratios enforced by the protocol’s liquidation engine.

Suppliers provide XRP to mint vXRP and passively earn the supply-side APY dictated by market demand. They may subsequently borrow against that vXRP position to unlock liquidity without selling the underlying XRP. A liquidation event occurs if the value of the borrowed asset exceeds the permitted collateral factor, incentivizing active risk management.

Venus XRP has a total supply of 357,983,608.79 tokens. Currently, 0 are in circulation. The last recorded trading price settled at $0.0287, yet 24-hour volume across three active markets sits at $0.00. With a market capitalization of $0, Venus XRP ranks #5,786 among all cryptocurrencies.