Capitalization
Volume
Use Case
Token Supply
Token Supply
Characteristic
About Venus
Venus Protocol (“Venus”) is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain. Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed. These interest rates are set by the protocol in a curve yield, where the rates are automated based on the demand of the specific market, such as Bitcoin. The difference of Venus from other money market protocols is the ability to use the collateral supplied to the market not only to borrow other assets but also to mint synthetic stablecoins with over-collateralized positions that protect the protocol. These synthetic stablecoins are not backed by a basket of fiat currencies but by a basket of cryptocurrencies. Venus utilizes the Binance Smart chain for fast, low-cost transactions while accessing a deep network of wrapped tokens and liquidity.
Latest Venus News View All
Venus Protocol Unveils Sweeping Upgrades in V4 Proposal
Announcing the latest Venus Protocol Dashboard UI Update
How to Use Venus Protocol Mini Program on Binance App
Venus Protocol Mini-Program Launches in The Binance Mobile App
Venus Protocol LUNA Incident Update 2
Venus Protocol Official Statement regarding LUNA
Venus Announces Interest Rate Model Upgrades
Latest Venus News View All
Venus Protocol Unveils Sweeping Upgrades in V4 Proposal
Announcing the latest Venus Protocol Dashboard UI Update
How to Use Venus Protocol Mini Program on Binance App
Venus Protocol Mini-Program Launches in The Binance Mobile App
Venus Protocol LUNA Incident Update 2
Venus Protocol Official Statement regarding LUNA
Venus Announces Interest Rate Model Upgrades
Venus Price
$ 9.6500
Capitalization
Volume
Use Case
Token Supply
Token Supply
Characteristic
About Venus
Venus Protocol (“Venus”) is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain. Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed. These interest rates are set by the protocol in a curve yield, where the rates are automated based on the demand of the specific market, such as Bitcoin. The difference of Venus from other money market protocols is the ability to use the collateral supplied to the market not only to borrow other assets but also to mint synthetic stablecoins with over-collateralized positions that protect the protocol. These synthetic stablecoins are not backed by a basket of fiat currencies but by a basket of cryptocurrencies. Venus utilizes the Binance Smart chain for fast, low-cost transactions while accessing a deep network of wrapped tokens and liquidity.