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Venus XVS

Venus XVS

The Venus Protocol is a decentralized money market built on the Binance Smart chain that enables users to borrow and supply collateral onto the platform without central authority or control.

Venus enables the world's first decentralized stablecoin, VAI, built on Binance Smart Chain that is backed by a basket of stablecoins and crypto assets without centralized control.

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

Timeline

Further reading

Title
Author
Link
Type
Date

A note on the progress of Venus tokenomics - Venus Protocol

Venus Protocol

Web

August 19, 2021

Notice on adjusting the risk parameters of SXP、XVS、Cake and MATIC

Venus Protocol

Web

August 4, 2021

The solution to VAI off-peg problem: Stability Fee - Venus Protocol

Venus Protocol

Web

September 14, 2021

Venus AMA Q&A - Venus Protocol

Venus Protocol

Web

June 28, 2021

Venus Interest Rate Model V1 - Venus Protocol

Venus Protocol

Web

August 1, 2021

Documentaries, videos and podcasts

Title
Date
Link

The Money Market &

Synthetic Stablecoin Protocol

27.11.2020

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