Veno Finance
VNO
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Veno Finance (VNO) is a liquid staking protocol deployed primarily on Cronos and zkSync. While the protocol retains operational infrastructure, third-party security audits by SlowMist (2022 and 2023), and a clean record regarding major exploits or depegs, the project demonstrates severe fundamental weaknesses. Active development is effectively stalled with no recent GitHub updates or roadmap progression beyond early 2024. Community engagement and governance participation are near-dormant, accompanied by negligible daily trading volume ($695-$898) and a drawdown exceeding 99% from its all-time high. Additionally, team identities remain anonymous, DAO governance is absent, and tokenomics feature heavy circular emissions and large uncirculated allocations posing ongoing dilution risk.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Veno Finance (VNO)
Veno Finance (VNO) is a liquid staking protocol launched in 2022 that operates primarily on the Cronos blockchain and zkSync Era. The protocol allows users to stake assets such as CRO, ATOM, and ETH to receive auto-compounding liquid receipt tokens, including LCRO, enabling capital liquidity while earning underlying staking rewards.
The VNO token serves as the protocol's utility and reward asset, with a total supply of 2 billion tokens allocated between Cronos (1.7 billion) and zkSync Era (300 million). VNO can be deposited into protocol mechanisms such as the Fountain or locked in the Reservoir to receive real-yield distributions in WCRO and ATOM. The protocol's liquid staking smart contracts and strategy vault contracts underwent security audits by SlowMist in November 2022 and August 2023, respectively.
Veno Finance faces notable market and operational risks. The VNO token has experienced a severe price crash, falling over 99% from its all-time high of $0.5438, accompanied by micro-cap market capitalization and low daily trading volume. Development activity has largely stalled, with official roadmaps lacking updates beyond early 2024. Additionally, the project operates under an anonymous team without formal decentralized autonomous organization (DAO) governance, token distribution schedules remain unverified with significant uncirculated supply posing future dilution risks, and exchange listings reflect friction and potential unlistings.