Venus (XVS) price

Venus enables the world's first decentralized stablecoin, VAI, built on Binance Smart Chain that is backed by a basket of stablecoins and crypto assets without centralized control. The Venus Protocol is designed to enable a complete algorithmic money market protocol on Binance Smart Chain. The protocol designs are architected and forked based on Compound[1] and MarkerDAO[2] and synced into the Venus platform giving the benefits of both systems into one.

Solution

Creating a protocol that enables a traditional money market tied into synthetic stablecoin generation will lead to accessibility and benefit of locked collateral. Venus will enable anyone to utilize a high-speed and low transaction cost blockchain by leveraging Binance Smart Chain[4] to supply collateral, earn interest on that collateral, borrow against that collateral, and mint stablecoins on-demand within seconds. These solutions all happen directly on the blockchain and may be utilized using a GUI. This protocol unlocks billions of dollars in value that are currently on-chains that have no lending markets such as Bitcoin, XRP, Litecoin, and more while enabling the participant to access liquidity in real-time.