E&S: XVS, Decentralized Money Market & Stablecoin Protocol

Hey Publish0x community! Welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area.

In this article we talk about more features of Venus!

In the last E&S article I introduced you Venus (XVS) and I said that 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.

What about Venus Token?

The Venus Protocol is governed by the Venus Token (XVS), which is designed to be a “fair

launch” cryptocurrency. There are no founder, team, or developer allocations, and the XVS can

only be earned through the Binance LaunchPool project or through providing liquidity to the

protocol. There will be an initial 20% of the total supply of 30,000,000 (6,000,000 XVS) allocated to the Binance LaunchPool project where users can mine (farm) these tokens alongside 1% of the

total supply (300,000 XVS) placed aside for the Binance Smart Chain ecosystem grants. The remainder of the supply will be exclusively available for the protocol, which will result in 23,700,000 XVS mined over a period of approximately four years, which begins after the Binance LaunchPool.

As you already know, Binance has become a benchmark for the crypto world. Exchange, LaunchPool, Lending, Academy and recently also NFTs, it is dominating the market. I have already deepened some features of Binance in a series of 5 articles a few months ago. Below you can find the first of the series where I talk about Binance Coin and much more:


Protocol Architecture

The protocol has been designed as a fork codebase of MakerDAO and Compound and modified

to enable both features into one.

  • Controller Contract: The Controller smart contract deployed on Binance Smart Chain is the decentralized version of a processor. This smart-contract creates all the interactions between other associated smart contracts. Venus does not natively support tokens by default. It will rely on specific markets to be whitelisted within the Controller contract.
  • Collateral Value: When a user supplies, borrows, or mints from the Venus protocol, they are using an underlying asset to the first bond to vTokens. These underlying assets held as collateral in the platform have dollar values that are tied to the vTokens as well.
  • Value Oracles: Collateral Values are propagated from price feed Oracles, such as Chainlink, which pull market price data and send these values on-chain, so they are transparent and verifiable. Due to the fast speed and architecture of the Binance Smart Chain, these price feeds are easily ascertainable with low cost and high efficiency directly on-chain.


Venus has been designed to enable community control in its core. Since there are no pre-mines for the team, developers and founders, this means the protocol will be controlled by those who decide to mine Venus Tokens. To create a proposal, a proposer will need 300,000 XVS and the proposal must reach at minimum 600,000 XVS quorum to be approved.


The Venus Protocol has been designed to give platform users a decentralized and secure marketplace to take loans, earn interest, and mint synthetic stablecoins. The protocol runs

entirely on the Binance Smart Chain, which removes current pain-points on the Ethereum

blockchain in terms of congestion, lack of cross-chain compatible assets, and high transaction

fees. These standards are coupled to give a scalable solution on a money market that will be

completely controlled by the community through its governance token XVS.

With this second article about XVS we have discovered new things about Venus Governance, Token and Protocol!

Next week I’ll introduce you a new cryptocurrency!

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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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