Гаманець для Venus LTC

What is Venus LTC (VLTC)?

A holder of vLTC owns a position in the Venus lending market, not Litecoin. Two steps separate the two: the asset supplied to Venus is a BNB Smart Chain peg of LTC issued as a BEP-20 token, and vLTC is the receipt for that supply. Real Litecoin lives on its own proof-of-work chain with addresses that begin with L, M or ltc1 and has no contract behind it at all.

Sending vLTC, or even the pegged LTC beneath it, to a Litecoin address is not a transaction that exists. Getting to actual Litecoin means redeeming the receipt, then unwrapping the peg through a service that will exchange it for coins on the Litecoin network.

The balance takes care of itself. Nothing accumulates as extra tokens; the redemption rate between vLTC and the underlying rises as interest is paid into the market, so the position matures without any action from the owner. Tangem simply queries BNB Smart Chain for the address state and shows what the protocol currently reports, so a card left alone for a long stretch is never out of date. There is no claim to press and no session to keep alive, which is about the least demanding way this kind of position can be held.

A last practical note: vLTC uses 8 decimals, the same as Litecoin coincidentally does, but the number displayed still represents a fraction of an LTC per unit, so do not read the two figures as comparable.

Supported networks in Tangem (1): BNB Smart Chain.