#### What is VVS Finance? VVS Finance (VVS) is a decentralized [protocol](https://www.coinbase.com/learn/crypto-basics/what-is-a-protocol) that operates on the Cronos [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain), aiming to simplify the world of [decentralized finance](https://www.coinbase.com/learn/crypto-basics/what-is-defi) (DeFi). Launched in 2021, VVS Finance is an [automated market maker](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/automated-market-maker--amm-) (AMM) [decentralized exchange](https://www.coinbase.com/learn/crypto-basics/what-is-a-dex) (DEX) that strives to make DeFi accessible to everyone. The platform offers a range of products including Bling Swap, Crystal Farms, and Glitter [Mine](https://www.coinbase.com/learn/crypto-basics/what-is-mining), all designed to provide high transaction speeds and low fees. VVS Finance allows users to become [liquidity](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/liquidity-) providers and VVS miners, contributing to the growth of the ecosystem. The platform's name, VVS, stands for "very-very-simple," reflecting its mission to bring [cryptocurrency](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency) and blockchain technology to the mainstream. #### How does VVS Finance work? VVS Finance operates using an automated market maker model, eliminating the need for order books or middlemen. Instead, it uses liquidity pools to facilitate transactions between assets on the DEX. Users can become liquidity providers by adding [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token) to a liquidity pool, and in return, they receive a portion of the swap fees. The platform also offers features like Bling Swap, which allows users to exchange tokens swiftly and seamlessly between multiple liquidity pools. Other features include Crystal [Farming](https://blog.coinbase.com/around-the-block-7-understanding-yield-farming-and-the-latest-developments-in-defi-ef9f1ac910fb) and Glitter Mining, where liquidity providers can earn rewards in the form of VVS tokens for [staking](https://help.coinbase.com/en/coinbase/trading-and-funding/staking-rewards/eth-2-0-staking) LP tokens. #### What are the potential use cases for VVS Finance? VVS Finance aims to provide a simplified and accessible platform for engaging with DeFi. Users can [swap tokens](https://www.coinbase.com/learn/wallet/how-to-swap-tokens-with-coinbase-wallet), provide liquidity, and mine VVS tokens, all within a secure and fast environment. The platform also offers Initial Gem Offerings (IGOs), providing users with early access to exclusive token sales of upcoming projects in the ecosystem. This feature aims to foster growth and innovation within the DeFi space. Furthermore, VVS Finance's governance token, VVS, incentivizes the provision of liquidity to the platform, allowing users to participate in the platform's decision-making process. #### What is the history of VVS Finance? VVS Finance was founded by a group of individuals passionate about DeFi. The team, with a strong background in product design, came together with a shared mission to build DeFi products that are accessible to everyone. The platform was launched at the end of 2021, with the aim of simplifying the DeFi experience and making it accessible to a wider audience. VVS Finance operates on the Cronos blockchain, which offers fast and secure transactions with relatively low fees. The platform's governance token, VVS, was deployed as the CRC-20 technical standard on the Cronos Chain. The protocol has been fully audited by Slowmist, a blockchain security firm, ensuring the safety and security of the platform and its users.