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HomeCOINSVaren (VRN) Coin Complete Detailed Review About Varen

Varen (VRN) Coin Complete Detailed Review About Varen

REVIEW OVERVIEW

Cost Value
Trust Score
Customer Service
Ease To Use
Available At Market
Development Score

What Is Varen (VRN) ?

Varen A cross-chain swapping dApp powered by RenVM and built by Varen Finance, an Ethereum based multi-chain DeFi hub. Until recently DeFi users had to jump through hoops and visit different platforms to achieve native to native decentralized cross-chain swaps. The VarenX smart contracts and user interface abstract away all these steps, saving you time, effort and gas. VarenX builds on top of RenVM technology (RenBridge) to enable native chain to native chain swaps for the L1’s supported by RenVM (please consult FAQ for a complete list).

Varen (VRN) Basic Point Table

Coin BasicInformation
Coin NameVaren
Short Name(VRN)
Circulating Supply87,891.31 VRN
Max Supply88,888
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Who Are The Founder Of PlaceWar ?

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VRN Price Live Data

Varen The live price today is $23.94 USD with a 24-hour trading volume of $995.39 USD. update VRN to USD price in real-time. is down 8.93% in the last 24 hours. The current CoinMarketCap ranking is #6102, with a live market cap of not available. The circulating supply is not available and a max. supply of 88,888 VRN coins. If you would like to know where to buy Varen at the current rate, the top cryptocurrency exchange for trading in Varen stock is currently SushiSwap. You can find others listed on crypto exchanges page.

Mint-swap-burn in one transaction

VarenX smart contracts are developed to enable minting and burning native Ren assets, and swapping ERC-20 tokens in one single transaction. Here’s an example of such a transaction, in this case BTC to LUNA:

Gas efficient

Varen Wrapping the Mint-Swap-Burn process into one transaction is the most gas efficient way to use the RenVM ecosystem to date. While a mint/swap/burn always consists of at least one transaction to or from the users wallet, a Mint-Swap-Burn transaction doesn’t.

Classic Mint-Swap-Burn example:

  1. 1.The user sends BTC to the gateway address on bridge.renproject.io to mint renBTC.
  2. 2.The user now has to pay for the transaction of the minted renBTC to his Ethereum wallet.
  3. 3.The user navigates to a DEX and initiates a swap from renBTC to renLUNA. He has to pay for the transaction and the swap process.
  4. 4.The user finally sends his renLUNA to the gateway address on bridge.renproject.io to burn his renLUNA to LUNA (while paying for the transfer of renLUNA)

Overview

Varen As a decentralized autonomous organization (DAO), the trajectory of the Varen DAO is determined by the community through voting on governance proposals

Governance

Varen Governance is the process of interaction and decision-making among the stakeholders of a given project, in this case the Varen DAO. It determines how decisions are made and where the community wants to direct funds from the Varen treasury. It is also the way rules, norms, and actions are proposed, structured, sustained, regulated, and upheld.

Voting

Varen $VRN token holders, who are the primary stakeholders of the system, make decisions by voting on project proposals. In addition, stakeholders participate in governance by engaging with the community and other stakeholders in places like the Discord, where consensus and support for proposals is built. Voting happens on the Snapshot page of Varen Finance.

How voting works

Varen When you stake $VRN in the Governance contract, you will receive $yVRN, which gives you the ability to vote on Varen Improvement Proposals (VIPs) posted to the Snapshot page. Voting power is 1:1 with the amount of VRN staked in the Governance contract.

Why Should use VarenX?

Varen The simplicity of cross chain swaps offered by not only saves time and transaction fees but it also allows for anyone to seamlessly move assets between native blockchains with minimal friction. The user-friendly and familiar interface and flow makes a complex task of swapping assets between native blockchains accessible even to the most novice DeFi users.

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What Is Varen (VRN) ? Varen A cross-chain swapping dApp powered by RenVM and built by Varen Finance, an Ethereum based multi-chain DeFi hub. Until recently DeFi users had to jump through hoops and visit different platforms to achieve native to native decentralized cross-chain swaps....Varen (VRN) Coin Complete Detailed Review About Varen