By phul on Skatehive
Correction: Venus will be conducting the snapshot for the airdrop on May 15th, with the distribution finalized by the 24th. Venus is going to be conducting an airdrop on $XVS token holders on May 15th. I wrote a post introducing Venus a few weeks ago, but it is an application on Binance Smart Chain that allows you to borrow against your collateralized assets. Currently, there are two main tokens on the platform: $XVS: the reward token for providing assets to the platform, which doubles as the governance token of the platform $VAI: a $DAI clone, that is minted in the same fashion (proposals are underway to fix the issue with $VAI pegging) This airdrop on May 15th will introduce a third token to the ecosystem, $VRT. VRT will become the new reward token for the platform, and then XVS will be strictly for governance. 1000 VRT per XVS will be airdropped to XVS holders. This includes XVS in wallets, and net XVS that you have locked in Venus (vXVS). The airdrop will also include an NFT for us