Supply, Borrow & Earn with Venus Protocol

Venus Protocol is an algorithmic money market platform that enables users to supply assets and earn yield, borrow against collateral, and mint the VAI stablecoin — all within a single protocol. Interest rates are determined algorithmically based on real-time supply and demand. When you supply assets, you receive vTokens that automatically accrue interest. Venus is governed by XVS token holders and operates across multiple EVM-compatible networks. Available at venus-protocol.xyz.

To supply assets on Venus Protocol, connect your wallet, select the asset you want to supply (such as BNB, USDC, USDT, ETH, or BTCB), enter the amount, and confirm the transaction. You will receive vTokens (e.g., vBNB, vUSDC) representing your deposit. These vTokens automatically increase in value as interest accrues. Supply APY varies by market and is visible in real-time on the Venus Protocol dashboard. You can withdraw your supplied assets at any time, subject to available liquidity.

To borrow on Venus Protocol, first supply assets as collateral. Each asset has a collateral factor that determines how much you can borrow against it. For example, if BNB has an 80% collateral factor and you supply $1,000 worth of BNB, you can borrow up to $800 worth of other assets. Borrow interest rates are determined algorithmically and accrue per-second. You must maintain a healthy collateral ratio to avoid liquidation. You can repay your loan at any time to free up your collateral.

XVS is the governance token of Venus Protocol. XVS holders can create and vote on Venus Improvement Proposals (VIPs) that control all protocol parameters — including risk settings, interest rate models, market listings, and protocol upgrades. XVS can be staked in the Venus Vault to earn additional rewards and boost your governance voting power. XVS was distributed fairly with no team or founder allocation — 100% earned through protocol participation and the Binance LaunchPool.

VAI is the Venus Protocol native stablecoin designed to maintain a peg of 1 USD. You can mint VAI by using your supplied collateral on Venus. The amount of VAI you can mint depends on your collateral balance and the VAI mint cap. VAI is fully backed by the collateral in Venus Protocol. You can use VAI freely and repay your minted VAI at any time. The VAI Stability Fee (interest) is set by governance and helps maintain the peg.

Yes. Venus Protocol has been audited by 6+ independent security firms including Quantstamp, Certik, Peckshield, OpenZeppelin, Fairyproof, and Hacken. All smart contracts are open-source and verified on-chain. Venus V4 introduced additional safety features including isolated pools, resilient price oracles with multi-source validation, risk fund protection, and enhanced governance timelocks. The protocol has secured over $2B in total value. An active bug bounty program runs on Immunefi for responsible disclosure.

Venus Protocol supports all major EVM-compatible wallets including MetaMask, Trust Wallet, Coinbase Wallet, WalletConnect-compatible wallets, Ledger hardware wallets, and Binance Wallet. Mobile users can connect through WalletConnect QR scanning or the built-in browsers in wallet apps. For the best experience, we recommend MetaMask on desktop or Trust Wallet on mobile.

Isolated pools are a Venus V4 feature that allows assets to be grouped into separate lending markets with independent risk parameters. Unlike the core pool where all assets share risk, isolated pools contain curated sets of assets with tailored collateral factors, supply/borrow caps, and liquidation thresholds. This architecture allows Venus to support a wider range of assets — including newer or more volatile ones — without increasing risk for the core pool. Each isolated pool operates independently, so issues in one pool cannot affect others.

Venus Protocol is live on BNB Chain (its original network), Ethereum mainnet, Arbitrum, Polygon, and opBNB. The protocol is expanding to additional EVM-compatible networks through governance proposals. Regardless of the network, Venus maintains unified governance controlled by XVS holders. Each network deployment has its own set of markets and pools tailored to local asset ecosystems.

Venus uses algorithmic interest rate models based on the utilization rate of each market (total borrows ÷ total supply). When utilization is low, borrow rates are low to encourage borrowing. When utilization is high, borrow and supply rates increase to incentivize new supply and discourage further borrowing. Each market can have its own interest rate model parameters, set through governance. Rates are updated every second and compound automatically. The Jump Rate Model adds a steep rate increase above a target utilization (kink point) to ensure liquidity.

Liquidation occurs when your borrowed amount exceeds the allowed limit based on your collateral value. If the value of your collateral drops or your borrow balance grows (due to interest), your position may become undercollateralized. When this happens, liquidators can repay a portion of your debt and claim your collateral at a discount. To avoid liquidation: maintain a healthy collateral ratio well above the minimum, monitor your position regularly, supply additional collateral when needed, and consider using stablecoins as collateral for less volatility exposure.

To stake XVS, navigate to the Venus Vault section of the Venus Protocol app. Connect your wallet, enter the amount of XVS you want to stake, and confirm the transaction. Staked XVS earns additional XVS rewards and increases your governance voting power. There is a withdrawal delay period set by governance (typically 7 days) when you request to unstake. During the waiting period, your XVS continues earning rewards but cannot be transferred. You can also delegate your voting power to another address without moving your staked XVS.

vTokens (such as vBNB, vUSDC, vETH) are interest-bearing tokens you receive when you supply assets to Venus Protocol. Each vToken represents your share of the total supply pool for that asset. The exchange rate between vTokens and the underlying asset increases over time as interest accrues from borrowers, meaning your vTokens become redeemable for more of the underlying asset. vTokens are transferable and can be used in other protocols as yield-bearing collateral.

Venus Protocol charges a reserve factor on each market, which is a percentage of the interest paid by borrowers that goes to the protocol's risk fund rather than to suppliers. Reserve factors vary by asset (typically 10–25%) and are set through governance. There is also a VAI stability fee for minted VAI and liquidation incentives paid to liquidators. There are no fees for supplying or withdrawing assets beyond standard network gas costs. All fee parameters are transparent and controlled by XVS governance.

Full documentation is available at docs.venus.io covering all protocol features, technical architecture, governance processes, and developer APIs. For community support, join the Venus Discord server or follow @VenusProtocol on Twitter for announcements and updates. Developer documentation for building on Venus is available in the protocol's GitHub repositories. For governance discussions, visit the Venus community forum where VIP proposals are discussed before going to vote.