Venus
Name
Venus
Summary
Venus is a Decentralized Finance (DeFi) money market platform to enable digital asset lending and the creation of synthetic stablecoins backed by a basket of BEP-20 assets.
-It was founded by Joselito Lizarondo
Rating
Symbol
XVS
Overview
Venus Protocol (Venus) is a lending platform and synthetic stablecoin protocol. Users can lend or borrow money from a pool of assets without asking permission, and interest rates are determined by the protocol and automated based on demand. Additionally, collateral providers can create synthetic stablecoins (VAI) with overcollateralized positions.
The fact that Venus is built on top of the Binance Smart Chain contributes to its great speed and incredibly cheap transaction costs. Because of its near-instant transactions, the protocol is the first to allow users to access loan markets for Bitcoin (BTC), XRP, Litecoin (LTC), and other cryptocurrencies to source liquidity in real-time.
Customers that use the Venus Protocol to source liquidity do not need to pass a credit check and can get a loan immediately by engaging with the Venus decentralized application (DApp). Users are not constrained by their geographic region, credit score, or anything else because there are no centralized authorities in existence, and they can always access liquidity by providing appropriate collateral.
Historical Price Movement (in INR)
Technology
The Venus network is secured by the Binance Smart Chain. BSC is compatible with the Ethereum Virtual Machine (EVM) and can continue to operate even if the Binance Chain is unavailable or has problems.
To safeguard the blockchain, Binance Smart Chain uses a unique consensus process known as proof-of-staked authority (POSA). This is a hybrid consensus process that incorporates elements of both proof-of-stake (POS) and proof-of-authority (POA) (POA). It's based on a network of 21 validators who are in charge of completing tasks on the Binance Smart Chain and attaining consensus on recently completed transactions.
Borrowers
35%
Suppliers
35%
VAI stablecoin minters
30%
Volume (17th May 2022)
$11,066,130
Total Supply
29745110
Circulating supply
12,170,524.00 XVS
Crowd Sales
NA
Funding
NA
Country
Cayman Islands
Name of Organization
Binance
Year Incorporated
2017
Dispute Resolution and Governing Law
Cayman Islands
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Joselito Lizarondo | Founder | NA | NA |
Whitepaper 
