venus – a decentralized marketplace with landing and lending capabilities. It represents an algorithm DeFi system running on the Binance Smart Chain architecture. It allows users to borrow cryptocurrencies with the requirement of excess collateral, and also receive supplemental income by putting their cryptocurrencies into circulation with interest.
Interest rates are automatically set by the protocol, taking into account the supply and demand of a specific currency. What makes Venus different from many others? DeFi Protocols is that the collateral can be used not exclusively to lend other currencies, but also to express synthetic stablecoins collateralized not by fiat currency, but by cryptocurrency.
Criptomais experts analyzed the Venus project and prepared their analysis – the main functionality, the role of the XVS token, where you can buy or sell this cryptocurrency and what market forecasts it has.
Briefly about the main thing
- Venus is a decentralized marketplace with lending and borrowing capabilities based on the BNB Chain architecture.
- venus offers the opportunity to lend over-collateralized cryptocurrencies and earn income by putting your cryptocurrency into circulation with interest (see. lucky page).
- Interest rates are set automatically through smart contracts, taking into account the supply and demand of a specific currency.
- XVS is a native token of the BEP-20 standard, used to manage the platform and generate profit. It was distributed through Launchpool and Binance em 2025.
- You can store XVS in Cryptocurrency wallets that support BNB Chain. Examples – Safepal, Ledger, Trust wallet, Mathwallet.
XVS is a native BEP-20 token. It is used to manage the platform (vote on various decisions that aim to improve the outcome). As of September 29, 2020, the token became available for launch on Launchpool and Binance for asset stakers like BNB, BUSD and SXP.
New #Binance Launchpool Project: $XVS.@VenusProtocol is building a #DeFi money market platform in #BinanceSmartChain to enable the lending of digital assets and the generation of synthetic stablecoins.
Learn more with the #XVS research report https://t.co/X4ipyrxuFs
– Binance (@binance) September 28, 2020
XVS to USDT Rate Chart
general information
| Designation | venus |
|---|---|
| Clock | XVS |
| Token Type | BEP-20 |
| Blockchain | Binance Smart Chain |
| Total emissions | 30.000.000 XVS |
| Official website | https://venus.io/ |
| White paper | https://venus.io/Whitepaper.pdf |
| Blog | https://medium.com/VenusProtocol |
| Open source | https://github.com/SwipeWallet/Venus-Protocol |
| https://twitter.com/VenusProtocol | |
| Exchanges | Binance |
Venus (XVS) Price Chart
XVS/USTD exchange rate chart Binance cryptocurrency platform:
Venus Platform Features
Venus Marketplace Key Features and Functionality for Creating Synthetic Stablecoins:
- The ability to quickly borrow cryptocurrencies and stablecoins without checking your credit history and creditworthiness. Powered by Binance Smart Chain.
- Provide interest on your cryptocurrencies and stablecoins to earn a variable interest rate and pledge protocol liquidity.
- Mining of collateralized stablecoins with the possibility of use through the Swipe platform.
- Fair distribution of tokens among the community.
Venus landing
Venus Protocol users can deposit various supported cryptocurrencies or other digital assets into the system and earn an interest rate that changes periodically based on market analysis. All user assets are combined into a single smart contract. At any time, the user can withdraw their liquidity if the protocol balance is positive.
Users who provide their cryptocurrencies to the protocol receive vTokens, for example BTC – vBTC, which allows them to be used to hedge risks or move them to wallets that support the Binance blockchain.
Venus Credits
Users who wish to borrow any of the cryptocurrencies, stablecoins, or digital assets supported on Venus are required to send collateral to the protocol. LTV – usually ranges from 40 to 75%, that is, it is possible to receive coins worth 40-75% of the collateral value. The exact indicator depends on the selected coin. The coefficients are determined by the protocol and can be adjusted later in the decentralized control process.
Once the assets have been provided, the participant can take out loans based on the asset's collateral ratio. If, during the use of the loan, the collateral value falls below 75% (this is the same level for everyone, regardless of the asset), a liquidation process may be triggered.
The user is not obliged to make monthly payments; the main thing is that the collateral ratio is always maintained at the required level. When it falls, you can pay part of the loan or add collateral.
Synthetic venus stablecoins
The Venus protocol enables the generation of VAI, a synthetic stablecoin pegged to the value of the US dollar. This is achieved by using vTokens from the total collateral pooled in the protocol. Users can borrow up to 50% of the remaining collateral value reserved by their vTokens to mint VAI.
In the future, VAI will become the main stablecoin of venus, it will be used in the protocol, but interest rates will not be determined by algorithms, but by the company's management.
Token Binance LaunchPool XVS
The XVS token is the native token of the Venus protocol and will be distributed fairly among the community. You can receive tokens exclusively in two ways – within the Binance LaunchPool project and still providing liquidity to the protocol (profitable farm).
#Binance Launchpool has a yield increase of approximately 400% for $XVS in the first week of Farm until the listing!
Details: https://t.co/8T26VM9fD8
– venus (@VenusProtocol) September 29, 2020
For farming on Binance LaunchPool (for BNB, BUSD, and SXP stakers), 6,000,000 XVS (20% of the total supply, which is 30,000,000 XVS) has been allocated. Another 1% (300,000) is allocated for donations to the Binance blockchain ecosystem.
Everything else will be available exclusively through activity on the protocol – so over the next four years, 23,700,000 XVS will be distributed at a rate of 0.64 XVS per set (18,493 per day). 35% of daily rewards are distributed among borrowers, 35% among liquidity providers, and 30% among VAI creators.
Once 10,000,000 XVS have been mined, the token can be used to operate the platform. Until then, the token manager is considered Rapacity Token (SXP). SXP borrowers and providers will receive triple rewards for the first 201,600 blocks.
Advantages and disadvantages
Frequently asked questions
Forecast
The protocol was developed by Swipe Wallet, which Binance acquired in early 2020. Binance executives said the protocol should successfully solve existing pain points for DeFi projects on Ethereum (such as excessive network carry and high transaction costs) since Venus operates on the Binance blockchain.