Viper Protocol is a decentralized finance (DeFi) protocol that operates on the Harmony Blockchain. It is a component of VenomDAO, a decentralized autonomous organization that launches various initiatives on blockchain platforms such as Harmony, Binance Smart Chain, Fantom, etc. VIPER serves as the native token for governance purposes, enabling users to make decisions on the Viper exchange/DEX (decentralized exchange) and all other DeFi products on the Harmony blockchain. Additionally, VIPER tokens can generate revenue through a mechanism called ViperPit, where a portion of trading fees on the DEX is shared with token holders. The tokens also have collateral value for future products like algorithmic stable coins or synthetic assets.
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