Multi-chainVeno Finance
ValidatedDeFi
Staking
VNO$0.03-12.48% ↓
Liquid staking protocols on Cronos and zkSync Er
- 282 Followers282 Followers
- 201 Likes201 Likes
About Veno Finance
Veno is a liquid staking protocol on Cronos and zkSync Era where you can stake your CRO, ATOM, and ETH, and receive the auto-compounding, yield-bearing receipt token. The liquid tokens are designed to maximize composability. Just by owning the liquid tokens, you automatically accrue the staking yield value in your liquid token; the liquid tokens can thus be used freely across the DeFi ecosystem.
Veno Finance is a cutting-edge platform specializing in secure and straightforward liquid staking. The project’s mission is to offer users a seamless way to stake their tokens while receiving liquid tokens in return. These liquid tokens can be used across various protocols to maximize staking rewards and enhance overall yield.
At its core, Veno Finance aims to simplify the staking process, making it accessible to a broader audience. The platform achieves this by integrating with multiple blockchain networks, providing users with diverse staking options and opportunities. By focusing on security and performance, Veno Finance ensures that users can trust the platform with their assets.
The significance of Veno Finance in the industry lies in its ability to offer enhanced staking rewards through ecosystem partnerships. Users can stake tokens such as CRO, ATOM, ETH, and TIA, receiving corresponding liquid tokens like LCRO, LATOM, LETH, and LTIA. These liquid tokens can be leveraged across partner protocols, providing users with additional avenues to boost their APY.
Overall, Veno Finance is dedicated to creating a robust and user-friendly liquid staking solution that caters to both novice and experienced users. By focusing on ease of use, security, and integration with various blockchain networks, the platform stands out as a leader in the liquid staking space.
Veno Finance Magic Store Validation Score
See Results ››Validation Score
4.3yes86%
no14%
Validation Date: -
salinavivinoYes
SumitYes
AlekseiYes
sneg8Yes
PhonghoangYes
KripvalYes
ssv82Yes
ehYes
rektek1Yes
Veno Finance Review Score by Real Users
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similar to any liquid staking, I dont know any other in the cronos echo , the website is slightly glitchy, otherwise been using for 9 months and seems safe Read More ››
0 people found this review funny
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0 people found this review funny
Veno is CRO and ATOM specific staking platform. They offer good staking APYs on both tokens, but ATOM has higher percentage and is worth a try with 16% APY. The best offer is staking their own token VNO in fountain where you can earn share from VNO emissions and APY is up to 90%, but is more risky. If you a risk type of investor you may try this. What I would like to see is much more options as tokens and networks for staking, so It could be flexible and when APY of one token decrease you move to another.Read More ››
0 people found this review funny
Veno's awesome – stake CRO, get LCRO tokens that grow automatically, and use them easily across Cronos DeFi apps, making staking simple and rewarding!Read More ››
0 people found this review funny
Staking is a common mechanism that helps secure a blockchain network, Veno Finance is a liquid staking protocol built on Cronos Chain and they describe themselves as a vertically integrated liquid staking protocol that focuses on cost savings, reliability and security, which I think is important. Expanding its staking infrastructure and staking services to other Tier 1 tokens could bring the platform to a very different place in the future.Read More ››
0 people found this review funny
Veno Finance is nice and user friendly liquid staking protocol on Cronos chain. Basically you stake your $CRO on Cronos with Veno to earn rewards from Cronos PoS validators and obtain in return a liquid token $LCRO. The same you can do with $ATOM to earn from CosmosHub Validators, obtaining the liquid token $LATOM. Veno has good partnerships on the Cronos blockchain with which to use liquid tokens, to increase yield. Unstaking is easy, you also get a sellable NFT, representing your unstake amount, that could be listed on marketplaces, instead of waiting for the unbound period. Def a good dAPP, and a nice user experience, with a lot of self explanatory documentation. Team is always reactive through their CMs on Discord.Read More ››
0 people found this review funny
Veno Finance is nice and user friendly liquid staking protocol on Cronos chain. Basically you stake your $CRO on Cronos with Veno to earn rewards from Cronos PoS validators and obtain in return a liquid token $LCRO. The same you can do with $ATOM to earn from CosmosHub Validators, obtaining the liquid token $LATOM. Veno has good partnerships on the Cronos blockchain with which to use liquid tokens, to increase yield. Unstaking is easy, you also get a sellable NFT, representing your unstake amount, that could be listed on marketplaces, instead of waiting for the unbound period. Def a good dAPP, and a nice user experience, with a lot of self explanatory documentation. Team is always reactive through their CMs on Discord.Read More ››
0 people found this review funny
VNO Token Price Chart (Real Time)
Token Statistics
- Market Cap$14,689,682.00
- Volume$34,561.00
- Circulating Supply484,742,347.204
- Max Supply2,000,000,000
- FDMC$56,194,073
About Veno Finance Token
The VNO token is integral to the Veno Finance ecosystem. It is designed to provide numerous utilities and rewards for users who participate in the platform. By locking VNO in the Reservoir, users can earn real yield in ATOM and WCRO rewards. Furthermore, those who deposit VNO in the Fountain can accumulate additional VNO rewards. Another utility includes liquidity provision on platforms like Ferro and Tectonic, where users can receive VNO from the Veno Garden. This system is set up to enhance liquidity and reward alignment within the Veno Finance ecosystem.
The main purpose of the VNO token is to drive engagement and incentivize participation within the ecosystem. Its utility extends beyond simple staking rewards, as it can be used for governance, allowing holders to vote on key proposals and decisions affecting the platform. The token also plays a crucial role in fostering community growth and ensuring that users are rewarded for their contributions and participation.
Moreover, VNO is listed on several exchanges, which adds to its liquidity and accessibility. Users can trade VNO on platforms like Ferro and Tectonic, which provides a seamless experience for buying, selling, and staking the token.
Veno Finance Magic Store Trust Score
- Audit Score
- 1No. Of. Audits
- HighScore
- Security Validators Score
- 14.12.2023Validation Date
Veno Finance User Trust Reviews
I became interested because Veno is a liquid staking protocol where you can stake your CRO and receive the auto-compoundingRead More ››
0 people found this review funny
Veno Finance FAQ
Veno Finance stands out in the liquid staking market due to its innovative integration of NFTs for unbonding periods. This unique feature allows users to receive NFTs representing their staked assets during the unbonding period, which can be traded or exchanged for the original tokens once the period ends. Additionally, Veno Finance offers enhanced rewards through strategic ecosystem partnerships and supports multiple blockchain networks, providing users with diverse staking options.
The Reservoir mechanism on Veno Finance allows users to lock their VNO tokens to earn real yield rewards in ATOM and WCRO. By participating in the Reservoir, users can benefit from the platform’s yield-generating strategies, which are designed to maximize returns. This mechanism incentivizes long-term holding of VNO tokens and provides an additional layer of earning potential for participants.
Yes, liquid tokens received from staking on Veno Finance can be used across various decentralized applications (dApps) within the partner ecosystem. These liquid tokens, such as LCRO, LATOM, LETH, and LTIA, offer flexibility and enable users to participate in yield farming, liquidity provision, and other activities on partner protocols, thereby enhancing their overall staking rewards.
During the unbonding period on Veno Finance, users receive an NFT that represents their staked assets. This NFT can be held, traded, or exchanged for the original tokens once the unbonding period ends. This innovative approach provides users with a unique and tradable asset during the typically inactive unbonding period, adding an extra layer of utility and potential liquidity.
The VNO token offers multiple benefits within the Veno Finance ecosystem. It serves as a utility token, providing additional staking rewards, liquidity incentives, and governance rights. VNO holders can participate in platform governance, voting on key proposals and decisions. Additionally, VNO can be used in various yield-generating strategies, further enhancing its value and utility for users.