RE: One day - One coin: Venus (XVS)
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Very nice explanation of this protocol.
You mention it’s Binance Smart Chain based, can I deposit Bitcoin or Ethereum here? Do they get wrapped first, then deposit BNC-BTC?
Do they require KYC?
Thanks
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You’re right I forgot to mention that I used MetaMask wallet to do all this.
It means no KYC.
You can’t send ERC20 token directly to BSC so yes there is a wrapping done. In my case it was easy as the coins where on binance and I sent them from there to my wallet. Binance takes care of the chain change but bridges services exist.
But yes you can use BTC and ETH on Venus.
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