Understanding Venus Protocol Venus Protocol is a DeFi platform on Binance Smart Chain that lets users lend assets, borrow against collateral, and mint VAI—a stablecoin backed by crypto. It’s fully decentralized, fast, and built for accessibility.How Venus Protocol WorksYou supply crypto (like BTC, ETH, or USDT), which earns interest and can be used as collateral to borrow other assets or mint VAI. Smart contracts manage the process, using price oracles and overcollateralization to maintain sy...