Venus - A Defi lending protocol
Venus is a DeFi lending protocol running on the BNB Chain. Venus works as a permissionless, algorithmic money market, enabling borrowers to obtain crypto-based loans at reported low-interest rates. Lenders are rewarded for providing loan services without the need for an arbitrator. Governance of the Venus protocol is powered by the BEP-20 token $XVS.
The Venus protocol enables users to lend and borrow cryptocurrency while also allowing users to mint synthetic stablecoins backed by other cryptocurrencies with overcollateralized positions.
Governance on the Venus protocol is handled with the XVS token. According to the protocol, there are no allocations of XVS to the team, developers, or the founder, leaving governance up to the community. Though XVS is available on Binance, XVS can only be earned through the Binance Launchpool or by providing liquidity to the protocol. #XVS $XVS
