A Verus-powered Layer 1 for the Pirate Chain community, backed 1:1 by ARRR.
vARRR is its own blockchain, rather than a token on a shared chain. It inherits Verus features and connects with other PBaaS chains.
Verus PBaaS gives vARRR an independent chain with Verus features, including smart transactions. These serve roles similar to Ethereum smart contracts without some of their drawbacks. PBaaS chains can interoperate with one another.
vARRR uses AtomicDEX atomic swaps at a 1:1 ratio, with mm2 orders in both directions. This lets holders move funds between Pirate Chain and vARRR. See our Exchanges page for the current AtomicDEX-based wallet.
The Verus–Ethereum Bridge provides provable, decentralized cross-chain communication. It can move value between vARRR and Ethereum without a custodian or a single entity controlling transferred assets.
vARRR uses 50% proof of work and 50% proof of stake. The proof-of-work side is designed for CPU mining with an ASIC/FPGA-resistant algorithm; staking offers another way to participate.
vARRR splits mining and staking rewards 50/50. Mining reward era 3 follows this schedule:
The primary liquidity basket is vARRR-VRSC-tBTC-Bridge.vETH.
Registering a vARRR ID costs 100 vARRR. The referral code PIRATE.vARRR@ gives a 20% ID-registration-fee discount. There are three referral levels.
Only funded *.vARRR@ IDs can stake. Holding funds in an ID offers enhanced security compared with R addresses. .vARRR@ IDs can also create NFTs and trade them on the on-chain marketplace.
vARRR is backed 1:1 by 10 million ARRR held in a shielded zs address. The public viewing key lets anyone check the backing reserve.
In the Treasure Chest wallet's Debug Console, run this viewing-key import command:
z_importviewingkey zxviews1qvmhdzarqyqqpqrgheu7zc4ceh6lefcnczymwqu8mr05ngajmvyxxqsmjx72e8t53jnlkcjwtvs6f5agjxpt7h955d8ps4pfzsvuju2a49gafmz3fvgnkf03h5eaqqc7wqfxv6fwm5ft59gxffvxs7q5mtd9y03uuskq607qpc0jn8wfvxe4vdqcwjaypqy5gkgxrkh7zh5t5ndqqtqne9w2s4rd8fx7vz6rg9mtfn5908jh09s382gast0dh8nmwvgwsn4plmww4gqkeyp2k yes 2648978
vARRR's 12-day pre-conversion window began in March 2024. Participants' funds stayed locked until vARRR launched on 10 April 2024 as the first PBaaS chain, and they received a 5% protocol discount.
At launch, the protocol distributed an initial 800,000 Bridge.vARRR tokens equally to pre-converters. The pre-conversion guide remains available as a historical record.