Vires Finance is governed by VIRES token holders, who can vote on governance proposals through a dedicated. Users can also lock their VIRES governance tokens to share a fraction of the revenue each market generates. As of writing, this offers around 110% APR, but this can vary considerably based on market conditions, and doesn’t take into account volatility in the VIRES token., a number of significant updates to the platform are currently in development and should be rolled out in 2022.
Vires is the first permissionless liquidity protocol on Waves and to this day, still the most popular. Nonetheless, it can be said to be an indirect competitor to similar protocols built on other blockchains, includingApplications built on Waves are designed to be secure and intuitive for users.
This article contains links to third-party websites or other content for information purposes only . The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site.
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