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The current real-time price of SVIC is --. In the past 24 hours, SVIC has traded between -- and --, showing strong market activity. The all-time high of SVIC is --, and the all-time low is --.
From a short-term perspective, the price change of SVIC over the past 1 hour is , over the past 24 hours is --, and over the past 7 days is --. These figures provide a quick overview of the latest price trends and market dynamics of SVIC on LBank.--
The live price of SVIC today is --, with a current market cap of --. The 24-hour trading volume is --. The price of SVIC to USD is updated in real time.
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Before deciding whether to buy or sell SVIC, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s SVIC technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for SVIC.
How much will SVIC be worth tomorrow, next week, or next month in ? What about your SVIC assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! SVIC Price Prediction
To learn more about SVIC, consider exploring other resources such as the whitepaper, official website, and other published information:
sVIC is an VRC20 token designed to represent a user's ownership share in the total VIC tokens staked via Vicpool. It also includes any accumulated staking rewards. Essentially, sVIC serves as a tokenized representation of staked VIC, enabling liquidity for otherwise locked assets. This mechanism allows participants to retain access to their staked value while continuing to earn rewards.
When users stake VIC through Vicpool, they are issued sVIC tokens in return. A key feature is that sVIC's supply is constant and non-rebasing, meaning its balance doesn't automatically change. These tokens are transferable and can be minted or burned as needed. This design allows for flexibility, as sVIC holders can convert their tokens back to VIC at a daily updated, predetermined rate, reflecting earned staking rewards.
The sVIC to VIC conversion rate begins at an initial 1:1 ratio. This rate is dynamically updated each time new staking rewards are generated. The calculation incorporates the current conversion rate, the amount of new VIC rewards (R), the established ProtocolFee, and the total circulating supply of sVIC tokens. Specifically, the formula used is `updatedRate = currentRate + R (100 - ProtocolFee) / (total supply of sVIC) / 100`, with the ProtocolFee currently set at 10%.
To begin staking VIC and receive sVIC tokens through the Vicpool application, users must meet a minimum staking threshold. This minimum required amount is set at 500 VIC. This ensures efficient operation of the staking mechanism and participation within the Vicpool ecosystem.
Liquid staking with sVIC through Vicpool provides several advantages. It simplifies the staking process and offers flexibility regarding deposit amounts. A significant benefit is sVIC's utility within the broader decentralized finance (DeFi) ecosystem; it can serve as a foundational asset, for instance, as collateral in various lending protocols. This dual functionality allows users to earn staking rewards while simultaneously exploring additional opportunities, potentially enhancing their overall asset utilization.
Vicpool implements a standard protocol fee of 10% on all staking rewards generated. This fee is then distributed, typically allocated between the users (as a share of rewards) and the project's DAO Treasury or node maintainers, supporting the ecosystem's operational costs and development. It is important to note that this fee structure is not immutable and can be subject to change through a decentralized autonomous organization (DAO) vote, reflecting community governance.
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