Question 1

What is VVS?

Accepted Answer

VVS is the CRC-20 platform token used by VVS Finance on Cronos. VVS Finance’s official website provides access to swaps, bridging, adding liquidity, farms, and staking VVS for xVVS, so VVS is connected to the platform’s liquidity incentives and staking mechanisms. VVS is a platform token, not the native gas asset of the Cronos network. The asset used to pay transaction fees for on-chain operations and the VVS you hold are different concepts; they should be confirmed based on the network used and the specific operation.

Question 2

What are the main features offered by VVS Finance?

Accepted Answer

The core operations displayed on the VVS Finance website include token swaps, bridging, adding liquidity, farms, and VVS staking. Swaps are used to exchange assets available in a pool; adding liquidity means depositing two assets according to the pool’s rules to obtain a receipt representing that liquidity position. Farms and staking are different participation paths after holding the relevant assets or receipts. They do not guarantee fixed returns; the pools available, rules, fees, and reward conditions should be based on the protocol parameters displayed in the interface when the user acts.

Question 3

How do VVS Farms work?

Accepted Answer

The basic VVS Farms process is as follows: users first provide liquidity to a trading pool, obtain a liquidity receipt representing that position, and then deposit that receipt into the corresponding farm. The farm uses this to identify the pool and share in which the user participates, and distributes VVS rewards to participants according to the farm’s rules. The prerequisite for rewards is not simply holding VVS, but holding and depositing the specified liquidity receipt; after removing liquidity or withdrawing the receipt from the farm, the related position no longer continues participating under that farm. Providing liquidity also exposes the position to risks arising from price changes in the assets in the pool.

Question 4

What do you receive after staking VVS?

Accepted Answer

The official website presents “stake VVS” as a path to obtain xVVS: users deposit VVS into the staking mechanism and receive xVVS as the representation of that staking position. The website also links xVVS to a profit-sharing function, rather than describing it as a right automatically granted to all VVS holders. Therefore, VVS and xVVS should be distinguished: the former is the token deposited, while the latter represents the position after entering the staking arrangement. The specific rules for xVVS yield formation, claiming, or exit should be based on the terms provided on the staking page at the time of the operation.

Question 5

What was VVS’s early issuance plan?

Accepted Answer

The tokenomics design proposed in VVS Finance’s 2021 farms announcement was: 50 trillion VVS were planned to be issued in the first year, with annual issuance approximately halving each subsequent year. Halving describes the annual cadence of newly issued VVS in the plan, rather than directly halving existing token balances. This figure reflects the issuance design at that time and cannot be treated as the current circulating supply, current total supply, or real-time emissions data. To determine the supply status at a particular point in time, on-chain or official supply information from that time is also needed.

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