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About Venus
Venus Protocol is the dominant lending platform on BNB Chain (formerly BSC). It combines a money market protocol for borrowing and lending with VAI, a decentralized stablecoin backed by crypto collateral.
The protocol supports a wide range of assets for lending and borrowing, with XVS token powering governance and reward distribution. Venus has evolved through multiple versions improving security and efficiency.
As BNB Chain's primary lending venue, Venus handles significant volume and serves as core infrastructure for the ecosystem's DeFi activities.
Key Features
BNB Chain Native
Primary lending on BNB Chain
VAI Stablecoin
Mint stablecoin against collateral
XVS Governance
Vote on protocol decisions
Isolated Pools
Risk-isolated lending markets
Wide Asset Support
Many tokens supported
Low Fees
BNB Chain's cheap transactions
Use Cases
Lending
Earn interest on deposits
Borrowing
Borrow against collateral
VAI Minting
Create stablecoin from crypto
XVS Staking
Stake for rewards and governance
Leveraged Yield
Loop positions for higher APY
Project Info
Frequently Asked Questions
VAI is Venus's decentralized stablecoin, similar to MakerDAO's DAI. You can mint VAI by depositing collateral on Venus. VAI is meant to maintain a $1 peg. It can be used across BNB Chain DeFi.
XVS is Venus's governance token. XVS holders vote on protocol parameters, new asset listings, and risk parameters. Staking XVS in the vault earns rewards and boosts lending/borrowing incentives.
Isolated Pools are separate lending markets with contained risk. If an asset in an isolated pool has issues, it doesn't affect the main pool. This allows Venus to list riskier assets safely.
Venus is audited and battle-tested since 2020. It has experienced past incidents but improved security significantly in V4. It's the main lending protocol on BNB Chain. Standard DeFi risks apply.
Venus is BNB Chain native with XVS incentives and VAI stablecoin. Aave is more established but less BNB-focused. For BNB Chain lending with native token rewards, Venus is the primary choice.