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Venus Protocol (short "Venus")

Venus Protocol (short "Venus")

Venus Protocol (short "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...

Venus: It is all about Interest or YIELD (April 2021)


...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.

Definition above via

Disclaimer/Disclosure: Ralph Gollner hereby discloses that he directly owns also other digital assets/currencies like Venus (XVS), Binance coin (BNB), Bitcoin (BTC), Ethereum (ETH) and other as per 12th April 2021.

Disclaimer/Hinweis nach §34 WPHG zur Begründung möglicher Interessenkonflikte:
Venus (XVS), Binance coin (BNB), Bitcoin (BTC), Ethereum (ETH) und Andere befinden sich aktuell im "Echt-Depot" von Mag. Ralph Gollner - per 12. April 2021