Venus is a money market protocol that allows users to lend and borrow assets permissionlessly.

Risk Rating
Protocol Code Quality
Protocol Maturity
Protocol Design
What we like
Venus is the premier lending platform to supply and borrow BNB Chain assets with an easy to use interface.
What we like less
The protocol's poor risk framework has resulted in accumulation of significant bad debt (>$77M) relative to their total value locked (TVL).
What it means for you
Venus is the top money market platform to earn interest on your crypto assets on the BNB Chain given higher interest rates from ongoing token emissions.
Key Metrics
  • TVL: $780.5M (Rank #15)
  • TVL Ranking by Lending: #5
  • Blockchain: Binance
  • Chain TVL
    • Binance: $780.48M
Risk Assessment
Protocol Code Quality
  • Code reviewed by at least one experienced auditor; CertiK audited in December 2020
  • Public team promotes accountability
  • One mitigated protocol hack since launch
  • Robust controls to mitigate oracle price manipulation
Protocol Maturity
  • Core protocol launched in 2020; maturity over two years minimizes technical risk as smart contracts are amongst the most battle-tested
  • Top 5% by total value locked reduces risk
  • Decentralized governance increases transparency
  • At least one minor governance issue documented
  • Low voting power concentration reduces risk
Protocol Design
  • No concerns identified
  • Cross-collateral markets are exposed to systemic risks as each asset creates incremental risks for the platform as a whole
Things to know about Venus

How Venus works

Venus consists of a decentralized system of lending pools. Users deposit assets they want to lend into a liquidity pool and borrowers draw from the pool when they want to take out a loan. Venus borrowers must first supply assets before they can borrow. Given the high volatility of crypto assets, borrowers must post more collateral than the value of the loan, or commonly referred to as overcollateralization. Interest rates on Venus are driven by market supply and demand. To facilitate this activity, Venus issues vTokens to lenders that reflect accruing interest on the underlying token.

How Venus makes money

Venus currently charges a reserve factor that allocates a share of borrowers' fees to the protocol. Each supported asset has a reserve factor that determines how much goes into the reserve.

How you make money on Venus

You earn lending fees on Venus by depositing your idle crypto assets to be used by borrowers looking for leverage. Venus also offers ongoing protocol incentives in its native XVS token to bootstrap demand for certain assets.

Venus Pools