Veno Finance

Staking is a common mechanism to secure Layer 1 Blockchains; for CRO, users can stake CRO on the Cronos PoS chain to receive CRO staking rewards. However, with an increase in adoption of Web 3, staking may be unfriendly to users who prefer immediate liquidity on their CRO holdings. In the case of CRO, the unstaking period is an exceptionally long 28 days. Staking may also be quite a hassle as it requires users to select and frequently monitor their delegated validator status. Worst yet, many users are also unfamiliar with the risks and inner workings of staking. This is where our one-stop liquid staking solution comes in.

Get Started with Veno

Veno is a liquid staking protocol on Cronos and zkSync Era where you can stake your CRO, ATOM, TIA, and ETH, and receive the auto-compounding, yield-bearing receipt token. The liquid tokens (LCRO, LATOM, LTIA, LETH) are designed to maximize composability. Just by owning the liquid tokens, you automatically accrue the staking yield value in your liquid token; the liquid tokens can thus be used freely across the DeFi ecosystem on both chains.

Veno’s liquid staking tokens offers the most extensive, lowest cost, and most reliable method of utilizing your staked CRO, ATOM, TIA, and ETH.

We currently support the following network and tokens:

• Cronos: CRO, ATOM, and TIA Staking

• zkSync Era: ETH Staking

Why Veno?

We are a vertically integrated liquid staking protocol, maximizing the reliability and efficiency of our service; allowing us to provide a price-competitive service in the long term;

• Cost savings are achieved by leveraging our own node infrastructure and/or infrastructure of our partners

• Reliability is achieved with our enterprise-grade node set-up and deep expertise in running node infrastructure

• We also have an insurance module that will help to secure user funds in the unlikely event of a slashing penalty

We will aim to maximize the adoption and utility of our tokens across the ecosystem, and we are working with some of the largest ecosystem partners to make this happen;

• We want to maximize the liquidity of our liquid tokens in the Cronos and zkSync Era Ecosystem and beyond, attracting the largest amount of capital, and attaining the lowest spread, with our high reliability and low-fee promises

• Liquid tokens are auto-compounding yield-bearing tokens to maximize composability

• We can further maximize user liquidity by providing a tradeable NFT after user unstakes their CRO, ATOM, TIA, or ETH