Venus
XVS
Venus (XVS) Feed: Events, News & Roadmap
Venus to Be Listed on Websea on February 1st
Websea will list Venus (XVS) on February 1st at 9:00 UTC.
Venus to Hold AMA on X on January 17th
Venus will host an AMA on X with THENA on January 17th at 13:00 UTC. The discussion will revolve around the future of decentralized finance (DeFi) on …
Venus to Be Listed on ProBit Global on November 14th
ProBit Global will list Venus Protocol (XVS) on November 14th, with trading pairs being XVS/USDT.
Venus to Host Smart Contract Audit Challenge
Venus is collaborating with Code4rena to host a smart contract audit challenge. The challenge, which is set to run from September 28 to October 4, aim…
Venus to Participate in Blockchain Jungle 2023 in San José on November 16th
Venus is set to be a part of the Blockchain Jungle 2023 conference in San José on November 16th.
Venus to Hold AMA on X on September 19th
Venus and Biswap will host a joint AMA on X on September 19th at 15:00 UTC. The discussion will focus on the new markets of Venus and the Biswap v.3.0…
Venus to Host Twitter AMA on August 16
Venus is set to host an AMA session with Steakhouse Financial. The session will focus on explaining the PSM and addressing any queries from the audien…
AMA on Twitter
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Quarter Report
Quarter report has been released
AMA on Twitter
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AMA on Twitter
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AMA on Twitter
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AMA on Twitter
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AMA on Twitter
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Partnership With Biswap
Partnership announcement
AMA on Twitter
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AMA on Twitter
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AMA on Twitter
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AMA on Twitter
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Venus Prime Token (SBT)
Roadmap for 2023
Venus Events on the Chart
What is Venus?
Venus Protocol is a decentralized finance (DeFi) platform on the BNB Chain, functioning as both an algorithmic money market and a synthetic stablecoin protocol. Essentially, it’s a merger of functionalities found in Ethereum’s Compound (a money market system) and MakerDAO (a stablecoin creation system). Developed by the team from the global cryptocurrency credit card issuer, Swipe, Venus provides a bridge between traditional finance and DeFi, while circumventing issues typically associated with Ethereum-based platforms.
The core functionalities of Venus encompass lending, borrowing, and minting synthetic stablecoins. Users provide their cryptocurrency as collateral to the platform, enabling them to earn compounded interest or to borrow against their collateral. Borrowing requires over-collateralization to ensure loan security. The protocol employs dynamic interest rates based on market demand, such as BNB or ETH utilization. This demand-driven mechanism means interest rates for lenders and borrowers are automatically adjusted. Moreover, the Venus Protocol also permits users to mint its native stablecoin, VAI, against their collateral. This minting mechanism uses vTokens, which represent the user's deposited collateral (e.g., depositing USDT would yield vUSDT). With these vTokens, users can mint VAI, which maintains a peg to the USD but can still experience supply-demand fluctuations.
XVS, or Venus (BEP-20 standard), is the governance token of Venus Protocol. It allows token holders to have a say in the development and parameters of the platform. This means holders can vote on vital decisions, such as the addition of new tokens to the protocol, adjustments to interest rates, or changes in the distribution schedules. The governance structure ensures the community“s autonomy over the protocol”s evolution, with no initial pre-mines for developers or founders. The protocol also plans to introduce the Venus Vault, enabling users to lock their XVS tokens, further bolstering the protocol's security and receiving staking rewards.