Audience
Decentralized marketplace for lenders and borrowers
About Venus
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. Funds held within the protocol can earn APY's based on the market demand for that asset. Interest is earned by the block and can be used as collateral to borrow assets or to mint stablecoins. You can now tokenize your assets utilizing the Binance Smart Chain and receive portable vTokens that you can freely move around to cold storage, transfer to other users, and more. Use your vToken collateral to borrow from the Venus Protocol instantly with no trading fees, no slippage and directly on-chain. With Venus, you have on-demand liquidity available globally.
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Venus Product Features
Venus Verified User Reviews
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Probability You Would Recommend?1 2 3 4 5 6 7 8 9 10
"Had potential, but just another scammy project in the end" Posted 2021-11-27
Pros: Website looks very nice. It's designed by professionals, has very clean look and the project is something that the crypto world could have made good use of.
Cons: No dark mode on homepage. The token was hacked or exploited, so it dived.
Overall: I burned my portfolio with this project, because it had crappy volatility. There was some hack or exploit and after the token lost most of its value. The team didn't made things up by burning away some of the token as many investors suggested, so to me the developers are crooks one way or another, sadly :-(
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