Yeliz Akmaca 
Veno Finance is a liquid staking protocol operating on Cronos and zkSync Era. It allows users to stake assets like CRO, ATOM, TIA, and ETH and receive liquid, auto-compounding tokens (LCRO, LATOM, LTIA, LETH) in return. This enables investors to earn staking rewards while freely using their tokens within the DeFi ecosystem.
Team & Founders
Veno Finance is backed by a Cronos ecosystem-focused team specialized in node infrastructure and security. The founding team has extensive experience in enterprise-level node operations. The project follows a vertically integrated model, ensuring long-term reliability and low-cost advantages.
Ecosystem & Partnerships
Veno Finance has strategic partnerships to enhance the usage of its liquid staking tokens:
- DeFi Protocols: Integration with VVS Finance, Ferro, Tectonic, SyncSwap, Maverick, and Single Finance for liquidity pools and farming with LCRO, LATOM, LTIA, and LETH.
- NFT Marketplaces: Minted and Ebisu’s Bay allow NFT trading during unstaking.
- Other Projects: Ecosystem integrations with Cronos ID, Candy City, PUN, and Kaching expand utility.
Project Idea
Veno Finance aims to:
- Remove long wait times and validator management from traditional staking,
- Offer users liquid, auto-compounding tokens,
- Maximize the use of these tokens within the ecosystem.
How It Works
- Users stake CRO, ATOM, TIA, or ETH.
- They receive a liquid token (e.g., LCRO, LATOM, LTIA, LETH) with auto-compounding rewards.
- When unstaking, users get an NFT representing their stake, which can be sold or held until the original token is redeemed.
Governance
- Veno’s governance token is VNO. Users can:
- Stake VNO in vaults like Reservoir and Fountain for extra rewards,
- Participate in voting and incentive mechanisms,
- Benefit from the Buyback & Burn program to reduce supply.
Roadmap Highlights
- 2024 Q3: LETH launch on zkSync Era
- 2024 Q4: vETH, vUSD, zkCRO yield products
- 2025: More cross-chain integrations, new liquid staking tokens, ecosystem expansion
Token Utility
- Staking Incentives: Earn extra rewards via Reservoir/Fountain
- Governance: Participate in votes
- Liquidity Incentives: Additional APY in pools
- Buyback & Burn Program: Deflationary mechanism
Token Details
- Token Name: Veno Finance (VNO)
- Total Supply: 2,000,000,000 VNO
- Circulating Supply: 474.51M VNO
- Max Supply: 2B VNO
Token Distribution
- Ecosystem Reserve: 20% (60,000,000 VNO)
- Listing Reserve: 40% (120,000,000 VNO)
- Staking Incentives: 25% (75,000,000 VNO)
- Liquidity Management & Incentives: 15% (45,000,000 VNO)
Ecosystem & Integrations
- Cronos ID integration
- Swap & farming via Ferro Protocol
- NFT liquidity on Minted Network
- Liquidity provision on zkSync Era via SyncSwap and Maverick
Supported Assets & Yields
- CRO (Cronos PoS): TVL $91.57M, APY 6.38% → LCRO
- ATOM (Cronos): TVL $179.96K, APY 20.59% → LATOM
- ETH (zkSync Era): TVL $98.52K → LETH
- TIA (Cronos): TVL $8.20K, APY 9.39% → LTIA
Key Features
- Liquid staking NFTs for liquidity during waiting periods
- Auto-compounding for optimized passive income
- Deflationary Buyback & Burn program
- Low fees (0.2% unstake) and high security
- Multi-chain support (Cronos + zkSync Era)
Roadmap Phases
- Phase 1: CRO staking/unstaking, LCRO integration, NFT liquidity
- Phase 2: VNO launch, Reservoir/Fountain/Garden, UI/UX improvements
- Phase 3: Validator expansion, NFT integration, cross-chain bridging
- Future: Additional token staking, one-click strategies, analytics dashboard, improved liquidity & unstake experience
Social & Links
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