Venus Protocol is a DeFi protocol that lets users supply cryptocurrencies to earn interest or borrow assets using crypto collateral. It also enables minting VAI—a decentralized, dollar-pegged stablecoin. Unlike traditional platforms, Venus operates without intermediaries and is governed by holders of the XVS token.

Venus uses smart contracts to manage lending and borrowing. Users deposit supported tokens like BNB, ETH, or USDT. These tokens are pooled and lent to borrowers who must over-collateralize their loans. The system ensures liquidity and solvency while allowing users to mint VAI using locked assets.

• Lending and borrowing in a decentralized, non-custodial environment

• Stablecoin minting with VAI backed by crypto collateral

• Built on Binance Smart Chain for low fees and high speed

• No KYC required, making it globally accessible

• Governed by the community via the XVS token

• Supports multiple assets: BTC, ETH, BNB, ADA, DOT, LTC, and more

Pros
Earn interest on crypto holdings
Mint stablecoins without selling assets
Accessible 24/7 globally
Decentralized governance

Cons
Subject to smart contract risks
Liquidation risk from price volatility
Requires DeFi knowledge

1. Connect Your Wallet
   Use MetaMask, Trust Wallet, or Coinbase Wallet to connect.

2. Supply Crypto Assets
   Deposit supported tokens like ETH, BNB, or USDT to start earning interest.

3. Borrow or Mint VAI
   Use your collateral to borrow assets or mint VAI stablecoin.

4. Repay and Withdraw
   Repay loans to retrieve your deposited crypto.

Venus supports major tokens including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Polkadot (DOT), and stablecoins like USDT, BUSD, and VAI. The platform also uses XVS for governance.

As Forbes explains, DeFi offers tools to democratize finance. Venus Protocol exemplifies this by combining secure lending, easy borrowing, and trustless stablecoin issuance. Its low-fee infrastructure from Binance Smart Chain and ease of access via wallets like Coinbase make it a core platform in decentralized finance.

What is Venus Protocol used for?
It allows users to lend, borrow, and mint VAI stablecoins with over-collateralized assets.

What is VAI?
VAI is a decentralized stablecoin pegged to the U.S. dollar, backed by crypto deposits.

Is Venus Protocol permissionless?
Yes. Anyone can use it without KYC or account registration.

Can I earn passive income?
Yes. You earn interest by supplying crypto to the platform’s liquidity pools.

Which wallets are compatible?
MetaMask, Trust Wallet, and Coinbase Wallet work with Venus.

Is Venus Protocol secure?
It uses audited smart contracts, but users should understand the risks involved in DeFi.

Venus Protocol offers a comprehensive, user-controlled experience for lending, borrowing, and stablecoin minting. Powered by Binance infrastructure, recognized by Forbes, and supported by Coinbase Wallet, Venus is paving the way for decentralized, open-access financial solutions that work for everyone.