what's USDVE?
USDVE is a USD-referenced stable token designed for the ERAI ecosystem by ECOVERAI. It provides price stability for on-chain transactions, settlements, and real economic activity, operating across BNB Chain and Solana. Stability is achieved through open market dynamics rather than traditional peg mechanisms. The token launches with an initial supply of approximately 1 billion USDVE and incorporates a gradual burn mechanism to target a long-term circulating supply of 770 million USDVE. It serves as the monetary foundation, preceding the introduction of ecosystem assets like ERAI (governance/utility) and VER (community meme token).
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x.com/ecoveraiOpened private beta on Base network, allowing users to deposit wstETH, weETH, or Morpho vault receipts as collateral to mint USDVE with zero interest while collateral continues earning yield.
Launched initiation campaign offering Pareto Points for deposits, borrows, liquidity provision on Hydrex, or stability pool participation, available via referral only.