VAI/USD price feed

The asset here is the stablecoin minted through Venus, a lending protocol on BNB Chain: users lock collateral, mint VAI against it, the token trades as a dollar instrument. It has done so for years, which makes it one of the older protocol dollars still running.

The name is where confusion starts. A search for this asset's price returns results that differ by orders of magnitude, because unrelated tokens share the same three letters and public sources resolve them differently. A feed cannot repair a naming collision; it can say exactly what it measures. This one measures the BNB Chain stablecoin.

What the pool pays is the market's number, reported as observed at a stated block, not rounded to the peg.

The book lives on BNB Chain, the same chain as the protocol that mints the token, so the price is read from the asset's native market rather than from an echo elsewhere. A home-chain book is the right one to measure for a protocol dollar: it is where the collateral sits, where liquidations execute, where the token itself is minted.

A dollar-token cross is still a cross. Whichever stablecoin sits on the quote side, that leg is resolved through its own market before the VAI number is formed, so what reaches the page is a clean dollar reading rather than a raw pool ratio.

Depth on a market this size is a live figure rather than a fixture, so the page leaves the current shape to the data layer. What stays constant is the treatment: each qualifying venue counted at its measured size, each reading pinned to its block.

This is a calm market. Calm is not dead: the market stands, prints simply arrive at a slower rhythm than on a major pair.

Between prints the feed serves the last computed value labeled forward filled. On an asset like this that label will show often, which is the honest description of a slow market; a page that showed constant motion here would be describing something other than the market.