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 and MarkerDAO and synced into the Venus platform giving the benefits of both systems into
- Borrow cryptocurrencies and stablecoins with no credit check and fast origination directly on Binance Smart Chain.
- Supply cryptocurrencies and stablecoins and earn a variable APY for providing liquidity the protocol that is secured by over-collateralized assets.
- Mint stablecoins from your supplied collateral that can be used at over 60 million locations worldwide through the Swipe platform and more.
- Controlled by the Venus Token, a governance token designed to be a fair launch distribution for the community.