Veno Finance FAQ — Liquid Staking Guide

Veno Finance is a simple and secure liquid staking protocol built on the Cronos blockchain ecosystem. With Veno Finance, you can stake your CRO, ATOM, ETH, or TIA tokens and receive liquid staking tokens in return — LCRO, LATOM, LETH, or LTIA respectively.

Unlike traditional staking, liquid staking on Veno Finance means your staked capital remains liquid. The liquid tokens (like LCRO) represent your staked position and automatically accrue staking rewards over time. You can use these liquid tokens across DeFi protocols — lending, providing liquidity, or trading — while still earning base staking rewards.

Veno Finance currently supports four assets for liquid staking:

• CRO — Staked on Cronos POS chain. Receive LCRO in return. Current APY: ~5.80%.
• ATOM — Staked on CosmosHub via Cronos. Receive LATOM. Current APY: ~21.44%.
• ETH — Staked on Ethereum via zkSync Era. Receive LETH. APY varies by network.
• TIA — Staked on Celestia via Cronos. Receive LTIA. Current APY: ~4.11%.

All four staking products are accessible directly from the Veno Finance dashboard.

Getting started with Veno Finance is straightforward:

1. Connect your Web3 wallet (MetaMask, Crypto.com DeFi Wallet, etc.) to the Veno Finance app at veno.finance.
2. Select the asset you want to stake: CRO, ATOM, ETH, or TIA.
3. Enter the amount you wish to stake and confirm the transaction.
4. Receive your liquid staking tokens (LCRO, LATOM, LETH, or LTIA) immediately.
5. Optionally, deploy your liquid tokens in partner DeFi protocols to earn additional yield on top of your base staking APY.

Veno Finance offers competitive staking yields sourced directly from the underlying blockchain validators:

• CRO staking: approximately 5.80% APY
• ATOM staking: approximately 21.44% APY
• TIA staking: approximately 4.11% APY
• ETH staking: variable, dependent on Ethereum network validator rewards

These rates are based on underlying validator APY and may fluctuate with network conditions. Veno Finance does not take a cut of your base staking rewards.

One of the key advantages of Veno Finance is that your liquid tokens (LCRO, LATOM, LETH, LTIA) can be deployed across the DeFi ecosystem for extra yield on top of base staking rewards. Partner protocols include:

• VVS Finance — Liquidity pools and farming
• Ferro Protocol — Stable swap liquidity
• Tectonic — Lending and borrowing using LCRO as collateral
• Ebisu's Bay, SyncSwap, Maverick, and more

By using LCRO or LATOM as collateral or in liquidity pools, you stack DeFi rewards on top of your Veno Finance staking APY — maximizing your capital efficiency.

Rewards in Veno Finance are reflected through the exchange rate between your liquid token and the underlying asset. For example, over time, 1 LCRO becomes redeemable for more than 1 CRO because staking rewards are compounded directly into the token's exchange rate.

You do not need to claim rewards manually — simply holding your Veno Finance liquid tokens means your rewards are accumulating automatically. When you choose to unstake, you will receive your original tokens plus all accrued rewards.

To unstake from Veno Finance:

1. Navigate to the Unstake section in the Veno Finance dashboard.
2. Select the asset you want to unstake and enter the amount of liquid tokens to return.
3. Submit the unstaking transaction. Veno Finance will burn your liquid tokens and initiate the unbonding process.
4. You will receive an NFT that represents your unstaking position.
5. Once the unbonding period has ended, return to Veno Finance and redeem your NFT for your original tokens plus accrued rewards.

Unbonding periods are determined by each underlying blockchain network and cannot be changed by Veno Finance:

• CRO (Cronos POS): follows the Cronos POS network unbonding schedule
• ATOM (CosmosHub): approximately 21 days
• TIA (Celestia): approximately 21 days
• ETH (zkSync Era / Ethereum): dependent on Ethereum validator exit queue

During the unbonding period your tokens are locked in the validator contract. The Veno Finance NFT you hold is proof of your position and can be redeemed once unbonding completes.

VNO is the native protocol token of Veno Finance. It provides several utilities within the Veno Finance ecosystem:

• Utility (Reservoir) — Lock VNO in the Reservoir to receive real yield in the form of ATOM and WCRO rewards earned by the Veno Finance protocol.
• Rewards (Fountain) — Deposit VNO in the Fountain to earn additional VNO tokens over time.
• Liquidity (Veno Garden) — Provide liquidity on Ferro and Tectonic using Veno Finance liquid tokens to earn VNO incentives from the Veno Garden.
• Alignment (Boosted Rewards) — Lock VNO to receive a multiplier boost on your liquidity mining rewards.

VNO tokens can be acquired through several means within the Veno Finance ecosystem:

• Providing liquidity with Veno Finance liquid tokens (e.g., LCRO) on partner protocols like Ferro and Tectonic — eligible positions earn VNO from the Veno Garden.
• Purchasing VNO directly on supported decentralized exchanges such as VVS Finance on the Cronos network.
• Participating in Veno Finance promotional campaigns and ecosystem events.

For full tokenomics details, visit the VNO Litepaper.

Veno Finance has been independently audited by Slowmist, a leading blockchain security firm. The audit covers the core staking smart contracts and liquid token mechanics.

The Veno Finance team is composed of experienced blockchain engineers backed by enterprise-grade staking infrastructure. This infrastructure is designed to maximize uptime, minimize validator slashing risks, and ensure consistent reward delivery to stakers.

You can view the full security audit report on the Veno Finance documentation.

As with any DeFi protocol, staking with Veno Finance carries certain risks that users should understand:

• Smart contract risk — Despite audits, smart contracts can contain unforeseen vulnerabilities. Veno Finance has been audited by Slowmist to mitigate this.
• Validator slashing risk — If an underlying validator misbehaves, a portion of staked tokens could be slashed. Veno Finance uses enterprise-grade validators to minimize this risk.
• Exchange rate risk — The value of liquid tokens (LCRO, LATOM) in secondary markets may diverge temporarily from the underlying asset price.
• Unbonding period risk — During unbonding, your tokens are locked and cannot be accessed.

Always do your own research before staking. Read the full Veno Finance documentation for detailed risk disclosures.

Veno Finance is integrated with a wide range of DeFi protocols across the Cronos and zkSync ecosystems. Notable partners include:

• VVS Finance — DEX and yield farming on Cronos
• Ferro Protocol — Stable swap for LCRO and LATOM pairs
• Tectonic Finance — Lending protocol; LCRO is listed as collateral on the Tectonic Main Pool
• Ebisu's Bay — NFT marketplace on Cronos
• Single Finance — Leveraged yield farming
• Candy City, PWN Finance, Kaching — Additional DeFi and NFT integrations
• SyncSwap and Maverick — DEX integrations on zkSync Era for LETH

Cronos zkEVM is a zero-knowledge EVM-compatible blockchain developed by Cronos Labs. It offers fast, low-cost transactions with Ethereum-level security through ZK proofs.

Veno Finance participates in the Cronos zkEVM ecosystem, enabling users to explore missions, gather points, and claim rewards. Staking with Veno Finance positions you well to benefit from the expanding Cronos zkEVM ecosystem as it grows and adds new DeFi protocols.

Visit zkevm.cronos.org to explore current missions and rewards.