Venus
XVS
Venus (XVS) Feed: Events, News & Roadmap
Venus Introduces One-Click Looping and Collateral Repayment
Venus Protocol adds one-click looping and collateral repayment functionality to its DeFi lending platform.
Venus to Launch Venus X in February
Venus will release Venus X in mid-February.
Venus to Hold AMA on X on December 15th
Venus will host an AMA on December 15th at 09:00 UTC to present Venus X, a joint initiative with Fluid that seeks to enhance capital efficiency on the BNB Chain.
Venus Introduces E-Mode V2 With Isolated Asset Groups
Venus launches E-Mode V2, adding isolated groups that allow new asset types, including real-world assets, to join the core pool without increasing systemic risk.
Venus to Launch BNB E-Mode
Venus Protocol has introduced the new BNB e-mode group, expanding yield opportunities across the BNB ecosystem.
Venus to Launch BTC E-Mode Group
Venus has activated the BTC e-mode group, developed in collaboration with Solv Protocol, to enhance capital efficiency within the BTCfi ecosystem.
Venus to Be Listed on HTX on May 9th
HTX will list Venus (XVS) on May 9th.
Venus to Hold AMA on X on February 24th
Venus will host an AMA on X with GMX on February 24th at 13:00 UTC.
Venus to Hold AMA on X on February 20th
Venus will host an AMA on X to delve into the recent market launch of Origin’s wSuperOETHb on Venus on Base.
Venus to Hold AMA on X on February 12th
Venus will host an AMA on X with Mountain Protocol on February 12th at 16:00 UTC.
Venus to Hold AMA on X on January 28th
Venus will host an AMA on X on January 28th at 16:00 UTC. The event will focus on LBTC markets on Venus and future growth prospects.
Venus to Be Launched on Base on December 19th
Venus is expanding to Base, marking a milestone in its multichain strategy.
Venus to Host Meetup in Bangkok on November 13th
Venus is hosting a meetup event in Bangkok on November 13th. The event will feature representatives from Venus Labs and Vanguard Vantage.
Venus to Hold AMA on X on September 18th
Venus will host an AMA on X with Arbitrum on September 18th at 13:00 UTC.
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.
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.
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 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.