We’re happy to announce that xVVS Vault is now live on DeFi Earn in the Crypto.com DeFi Wallet. Users can now lock their xVVS tokens for a fixed term to boost their earnings and farm rewards
xVVS is a non-tradable, yield-bearing token in the VVS Finance ecosystem. Users will automatically receive a share of VVS’s platform profits by simply depositing xVVS into an xVVS Vault. Users stand to enjoy a rewards rate of up to 144% p.a.
If users would like to boost their token rewards, they can select a fixed-term deposit. Terms range from one week to 48 months and when the lock-up period is over, xVVS Vault will issue VVS token rewards based on how much xVVS users deposited. They can then compound their earnings by staking the VVS received.
It takes just four steps to start earning token rewards:
Step 1: Navigate to the Earn tab in the DeFi Wallet app and select xVVS
Step 2: Tap the xVVS Vault pool under VVS Finance protocols
Step 3: Select a lock-up period under xVVS Vault Fixed Term: 1 Week, 6 Months, 12 Months, or 48 Months
Step 4: Tap Confirm to start earning