Гаманець для Venus ETH

What is Venus ETH (VETH)?

VETH is what Venus hands back for ETH supplied to its lending market on BNB Smart Chain. Nothing in this token touches Ethereum: the deposit is made in the pegged, BEP-20 form of ether that circulates on BNB Smart Chain, and a withdrawal pays out in that same pegged form. Getting from there to ether on Ethereum is a separate bridging step that the wallet does not do for you.

The ticker is its own hazard. Other protocols issue tokens also written vETH, liquid staking receipts among them, representing staked ether on entirely different chains. Three shared letters, different issuer, different mechanics, different network. Confirm which asset a given interface actually means before acting.

As a lending receipt, the unit count on your side holds still. The protocol moves the rate at which those units convert back into the underlying ETH as the market accrues interest, which is why the figure on screen can look frozen for months. Fees for anything you do with it are paid in BNB.

A supplied position like this is typically opened once and then left alone for a long stretch, which shifts the weight onto the key rather than onto daily handling. Tangem generates that key inside the card's secure element and keeps it there, and the backup is a second identical card rather than words on paper, with a seed phrase available only if you want one. Supported networks in Tangem (1): BNB Smart Chain. What you rarely touch stays behind a key you never have to expose, which is the sensible trade for a position measured in years.