Venus Protocol protocol
Overview
Venus Protocol is a decentralized money market protocol on Binance Smart Chain and other blockchains, enabling users to lend and borrow crypto assets. It features an algorithmic interest rate model and a governance token (XVS) for protocol decisions. The protocol also mints a stablecoin (VAI) through overcollateralized positions.
Within the DeFi Intel graph, Venus Protocol connects to 1 tracked entity, most strongly to BNB Chain.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | BNB Chain | 85% |
More on Venus Protocol
Frequently asked questions
What chain is Venus on?
Venus launched on BNB Chain in 2020 and is the leading lending and borrowing protocol there.
What two models does Venus combine?
Compound-style algorithmic money markets for lending and borrowing, plus a MakerDAO-style stablecoin minting facility.
What has Venus focused on in newer versions?
Improved risk management, greater decentralization and better user experience.
Sources
Facts on this page were verified against the following sources.