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Vibranium is an open-source DAO (Decentralized Autonomous Organization) project. Vibranium is managed by people around the world who hold its governance token, VIB. Through a governance system involving Executive Voting and Governance Polling, VIB holders can influence the direction of the protocol.
The Vibranium (VIB) Token is the native token powering the Vibranium Protocol. Its utility comprises all core network functionalities, such as staking, governance, mint, and liquidators rewards.
VIB is an ERC-20 governance token with a maximum supply of 50,000,000.
VIB holders manage the Vibranium Protocol and the financial risks of vUSD to ensure its stability, transparency, and efficiency. VIB voting weight is proportional to the amount of VIB a voter stakes in the voting contract. In other words, the more VIB tokens locked in the contract, the greater the voter’s decision-making power.