Veno Finance
Veno Finance
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Veno Official: Liquid Staking, Garden & Reservoir
Veno Official: Liquid Staking & Garden Hub
Veno Finance Official is the leading liquid staking protocol on Cronos and zkSync Era, offering auto-compounding tokens and gamified yield farming. This technical documentation serves as the primary resource for minting LCRO Liquid Staking tokens, optimizing returns in the Veno Garden Yield Farming module, and utilizing VNO Token Real Yield mechanisms via the Reservoir. Veno maximizes the utility of staked assets through vertical integration.
Veno Ecosystem: The Liquidity Flow
Veno creates a seamless loop between staking, security, and yield farming.
Liquid Tokens (L-Tokens): Users stake native assets (CRO, ATOM, ETH) to receive receipt tokens (LCRO, LATOM, LETH). These are "value-accruing" tokens; the quantity in your wallet stays the same, but the exchange rate vs. the native asset increases as rewards are compounded.
The Garden: The farming layer. Users take their L-Tokens, pair them (e.g., LCRO/CRO), and deposit the LP tokens into the Garden. This earns VNO rewards.
Watering & Helpers: Uniquely, Veno allows users to boost their Garden APRs by "Watering" (locking VNO) or assigning "Helpers" (staking compatible NFTs) to their plots, creating a sticky ecosystem for long-term holders.
Reservoir & NFT Unbonding
The infrastructure of Veno Finance Official includes novel insurance and liquidity features.
The Reservoir: This is the protocol's insurance fund and revenue sharing module. Users lock VNO here. A portion of the validator commissions (10% fee taken from staking rewards) is distributed to Reservoir stakers in WCRO or ETH. If a slashing event occurs, these funds cover the loss.
Unbonding NFTs: Standard unbonding takes 21-28 days. Veno issues an Unbonding NFT Receipt immediately upon the unstake request. This NFT represents the claim to the underlying funds. If a user needs urgent liquidity, they can sell this NFT on a marketplace like Minted, effectively bypassing the wait time.
Node Infrastructure: Veno operates enterprise-grade validators on Cronos and Cosmos Hub, ensuring high uptime and low slashing risk, which allows them to offer competitive fees compared to decentralized competitors.
VNO, Fountain & Real Yield
The reward system balances inflationary incentives with real revenue distribution.
Fountain (VNO Yield): Users lock VNO in the Fountain to earn more VNO (inflationary rewards). The longer the lock (up to 8 years), the higher the multiplier. This also grants "Watering Power" to boost Garden yields.
Reservoir (Real Yield): Users lock VNO in the Reservoir to earn "Real Yield" (Protocol Revenue). This aligns token holder incentives with the success of the validator business.
NFT Boosts: By staking verified collections (e.g., VVS Miner Moles, Cronos Cruisers) in the Garden, users can increase their farming multiplier by up to 2.0x, adding utility to partner NFT collections.
Security, Audits, and Backing
Veno Finance Official is deeply integrated into the Cronos ecosystem, backed by key partners.
Audits: The protocol smart contracts have been audited by PeckShield and SlowMist. The L-Token contracts are designed to be immutable or time-locked to prevent manipulation.
Ecosystem Partners: Veno is a core partner of VVS Finance (DEX), Tectonic (Lending), and Ferro (Stable/LST Swap), ensuring deep liquidity and utility for LCRO across the chain.
Slashing Insurance: The Reservoir acts as the first line of defense. If the insurance fund is insufficient, the protocol has mechanisms to use future revenue to make stakers whole, though this is a "soft" guarantee compared to a fully collateralized model.
Official Documentation & Reference
Access the verified Veno Finance Official technical resources below:
App: veno.finance
Docs: docs.veno.finance
Garden: app.veno.finance/garden
Twitter: x.com/VenoFinance
Frequently Asked Questions
What is LCRO? LCRO Liquid Staking token allows you to earn CRO staking rewards without locking your funds. It appreciates in value over time and can be used in DeFi apps like Tectonic or VVS.
What is the Reservoir? The Veno Reservoir Insurance module is where you lock VNO to earn a share of the protocol's revenue (Real Yield). It also serves as a safety fund against validator slashing.
How do Unbonding NFTs work? When you unstake, you get an NFT. This NFT claims the CRO after the unbonding period (28 days). You can hold it or sell it on an NFT marketplace if you want to exit early.
What are Helpers? Helpers are NFTs that you can stake in the Veno Garden to boost your yield farming APR. Different NFTs provide different boost multipliers.