E&S Token Review: Venus (XVS)

Hello Publish0x community and welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area.

Today we are going to introduce a new cryptocurrency: Venus (XVS)!

What is Venus?

Venus Protocol is an algorithmic-based money market system designed to bring a complete decentralized finance-based lending and credit system onto Binance Smart Chain.

Venus enables users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed.

With Venus, Decentralized Finance (DeFi) continues to surprise in the financial-technology landscape. More and more protocols are competing for innovative solutions that are on the horizon to improve a money management system that is about to prove obsolete.


What makes Venus unique?

Venus' main strength is its high speed and extremely low transaction costs, which are a direct result of being built on the Binance Smart Chain. The protocol is the first to allow users to access the lending markets for Bitcoin (BTC), Ripple (XRP), Litecoin (LTC) and other cryptocurrencies to source liquidity in real time, thanks to its near-instantaneous transactions. Customers purchasing liquidity using the Venus protocol do not have to pass a credit check and can quickly obtain a loan by interacting with the decentralized Venus application (DApp). Because there are no centralized authorities, users are not limited by their geographic region, credit score, or otherwise, and can always procure liquidity by simply posting sufficient collateral.

Venus is not the first protocol to help bridge these gaps between traditional financial lending into

decentralized protocols on top of blockchains. There have been protocols that achieved this with

billions in assets locked into the protocols. However, these protocols are primarily built on

Ethereum, which has become costly, slow, and has caused pain points in user experience.

These protocols also lack higher market cap assets such as XRP and Litecoin.

The project aims to support 3 main features:

  • Loan secured by a value increase such that more than 75% of the value of the amount requested is covered.
  • Earning an interest by providing collateral resources supported by the protocol.
  • The ability to coin VAI, the protocol's default synthetic stablecoin set at a value of $1 USD.

In summary, those who decide to participate in the XVS protocol have 4 possibilities: 

  • Can purchase a promising cryptocurrency over time and earn interest on deposit.
  • Can become a lender and participate in obtaining an additional interest to any increase in value of the crypto.
  • Can participate in the creation of the VAI crypto, the synthetic stablecoin with a predefined value of 1 USD.
  • Can participate in governance decisions and improve the product.

The Venus’ solution is to create a protocol that enables a traditional money market tied into synthetic stablecoin generation will lead to accessibility and benefit of locked collateral. Venus will enable anyone to utilize a high-speed and low transaction cost blockchain by leveraging Binance Smart Chain to supply collateral, earn interest on that collateral, borrow against that collateral, and mint stablecoins on-demand within seconds.

If you want to find out more details about this cryptocurrency, I suggest you to follow me on Publish0x to receive the notification on the next article, which will be released next Sunday, dedicated to XVS!

Next Sunday I’ll talk about Venus Token, Protocol Architecture, Governance and something more!











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MikeZillo Verified Member

Daily Trader, Mining Farm Project Manager, Blockchain consultant, Cryptocurrency evangelist. You can find more videos here Telegram: @mikezillo

Easy&Short. Cryptocurrencies made accessible
Easy&Short. Cryptocurrencies made accessible

In this section, we are going to create two article per each cryptocurrency/token. The first one will be technical, with a simplification of the Whitepaper and the second one will be about particulars of the coin. For example staking yields, particular functions and so on! I am sure you will like this very much!

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