DescriptionVai is Venus Protocol's decentralized synthetic stablecoin that is pegged to USD.
Category:crypto-backed
Minting and RedemptionVAI is minted by supplying and locking a single or basket of cryptocurrencies. VAI is exchangeable to all supporting assets, including USD, which can be redeemed directly to your bank account in the Swipe Wallet platform for verified users.
Vai (VAI)