Cronos Ecosystem Spotlight: VVS Finance

Read on to find out about VVS Finance, their growth on Cronos, and why they have chosen Cronos as their home chain to build on.

In Q2 2022, we kicked off the Cronos Ecosystem Spotlight Series — a series of interview articles covering projects that are building on the Cronos Chain.

Today, we are excited to feature VVS Finance, the leading Decentralised Exchange (DEX) on Cronos. Read on to find out more about VVS, their growth story on Cronos, and why they have decided to choose Cronos as the chain to build on.

Can you share more about VVS Finance and the team behind the project?

Definitely! VVS Finance stands for “Very Very Simple DeFi for Everyone”. VVS Finance was launched on Cronos in November 2021, and it hits its all-time TVL of $1.4 billion within merely 3 months. We are the first Automated Market Maker (AMM) Decentralized Exchange natively built on top of the Cronos blockchain with the aim of providing the simplest DeFi venue for everyone.

What makes VVS Finance stand out is its very low swap fee and its wide variety of services with an easy-to-use interface. We aim to provide an all-around and one-stop DEX experience to our users with all the services and products they need on one Dapp. So far, we’ve launched Bling Swap (token swap), Crystal Farms, Glitter Mines, Initial Gem Offering (IGO), xVVS (yield-bearing governance token), Miner Mole NFT, and VVSgotchi (Gamification). We are working relentlessly on building more community-desired products for our users. There are more exciting features to come, stay tuned to our next update!

We are a medium-sized team with a group of crypto-passionate and experienced subject-matter experts in software development, UI/UX design, QA, product management, and marketing around the globe!

VVS recently launched VVSGotchi — Can you tell us more about it and what makes VVSGotchi special? What can users look forward to next?

VVSGotchi is the first NFT gamification launched by VVS Finance in December 2022, which is an extension of our Miner Mole NFT project where you can feed, interact with, and take your Miner Moles on quests! VVSGotchi allows you to go on quests with your Moles to earn Experience Points (EXP). Ultimately, the more points your Moles earn, the more rewards you earn on your VVS-boosted farms!

There are 4 main components in VVSGotchi:

1. Team Page: Assemble your team and keep your miner mole team healthy
2. Quest Page: Play quests and earn Experience Points (EXP)
3. Leaderboard: Visualize the ranking system and tiering system of the game
4. VVS Staking Utility (v3): Play VVSGotchi and gain boost multipliers for available farms

VVSGotchi offers game experience and extra farm boost multipliers to all of our Miner Mole NFTs holders. The recent VVSgotchi launch is only the first step, we can see there is still a lot of potential for VVSgotchi. Our team is continuously exploring ways and possibilities to further enhance the user and gaming experiences. Our molefam can expect to see some more quests and fun features released this year.

VVS was one of the first platforms that launched on Cronos, can you share with us how your growth and the building experience have been?

It has been an exciting and incredible ride so far for VVS Finance. In the last year, VVS Finance and the whole crypto market have been through a lot of ups and downs, and various unexpected incidents in the market. We truly appreciate our VVS community and molefam who stay with us through all the highs and lows.

Despite all the turbulence in the market, VVS finance still stands and takes this opportunity to regroup and rethink in order to provide more quality products to our precious users. VVS Finance is committed to building a Very Very Simple DeFi for Everyone, and making DEX and yield farming more simple, secure, and enjoyable. Our team is dedicated to building the best products and leading our community into the next bull run.

Why did you decide to launch VVS Finance on Cronos?

We are extremely honored to be one of the first projects building natively on the Cronos chain. Here are some of the reasons for launching VVS Finance on Cronos,

• Low tx fee, high throughput: High gas fees on Ethereum have priced out the majority of retail users and made it a playfield for whales. We believe DeFi is for everyone and should have a very low barrier to entry. With less than $0.1 gas fee for simple transfers and hundreds of tps, Cronos offers a sustainable and scalable layer for DeFi apps that tailor to the mass audience.
• Fast finality: Built on Tendermint core, transactions on Cronos can achieve fast finality, with ~6 seconds block confirmation. This drastically improves the user experience, offering a similar experience as centralized finance applications.
• EVM compatibility: Cronos provides a fully compatible Web3 layer for interacting with existing EVM clients and tooling, which makes it super easy for us to build in a familiar environment.
• IBC-enabled interoperability: Cronos mainnet will enable Cosmos IBC at launch, which means in the future, we will be able to interact with other Cosmos chains in the ecosystem and facilitate cross-chain liquidity among EVM chains and the Cosmos ecosystem.
• The tremendous support from the Crypto.org and the Crypto.com ecosystem: We are so grateful for all the support from the Crypto.org team and Cronos Labs along the way. We are also excited to be able to access a mass retail audience that Crypto.com ecosystem offers, and work with our partners to provide an end-to-end seamless DeFi experience.

With the recent Cronos Mainnet Network Upgrade — Galileo, it scaled TPS (transactions per second) even further, optimized node storage with 30% less storage for full nodes, improved node performance, generalized reduction of node start-up time by ~50%, and its new Cosmos functionalities paved the way for greater EVM/Cosmos interoperability. All these improvements provided a more solid foundation and unlocked more possibilities for VVS Finance to keep building and growing to another level.

For a user new to VVS Finance, where can they learn more about your project?

Please feel free to visit our VVS Finance website to explore and try out our products! To stay on top of our latest product updates and exciting announcements, please follow us on our social media channels:

Twitter: https://twitter.com/VVS_finance

Telegram: t.me/VVSFinance

Discord: discord.gg/V2957zMsmg

Medium: https://medium.com/vvs-finance

Blog: https://docs.vvs.finance/

We also created a series of how-to videos to guide our lovely users through the flow of different features. Feel free to check out our Youtube channel for more details!