Venus Protocol provides a decentralized finance (DeFi) marketplace for lenders and borrowers, operating on the BNB Smart Chain. It allows users to supply various cryptocurrencies as collateral to earn interest, and borrow other crypto assets against that collateral. The protocol also enables the minting of VAI, its native synthetic stablecoin, which is pegged to the US Dollar. Initially developed by the Swipe team and now governed by its community through the XVS token, Venus aims to offer a permissionless, decentralized, and secure environment for crypto-based lending and borrowing.

Founded in

Cote D'Ivoire (Ivory Coast)