What Is It?

A lending and borrowing protocol native to the BNB Chain.

About Venus Protocol

Venus Protocol is an algorithmic-based money market system and synthetic stablecoin protocol designed as a forked codebase of Compound and MakerDAO, modified to bring both features into a single protocol onto the BNB Chain. Venus Protocol allows users to borrow, lend, earn cryptocurrency, and mint stablecoins.


Launched in September 2020, it is the second-largest protocol on the BNB Chain with a TVL of US$1.05B, total available funds at $685M, and a treasury of US$10.39M as of 22 August 2022. The protocol currently supports 23 tokens for lending and borrowing.

Products

Tokens and Tokenomics

Supply and Distribution

Total supply of 30M tokens will be distributed as such:

  • 20% – Binance Launchpool (6M)
  • 1% – BNB Chain Ecosystem Grants (300K)
  • 79% – Ecosystem Mining (23.7M) linearly distributed until May 2024
    • 35% of which goes to the Lending Pool
    • 35% of which goes to the Borrowing Pool
    • 30% of which goes to the Stablecoin Pool, i.e., to users who mint VAI

Appendix

  1. Venus Website: https://venus.io/
  2. Venus App: https://app.venus.io/
  3. Venus BSC Address: 0xcf6bb5389c92bdda8a3747ddb454cb7a64626c63

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