what's Venus Protocol?
Venus Protocol is a decentralized lending and borrowing platform built on the BNB Chain, enabling users to earn interest on deposits and borrow assets against collateral without intermediaries. It operates as an algorithmic money market where suppliers provide liquidity to isolated markets for various assets, and borrowers access funds by over-collateralizing positions. The protocol uses oracles for price feeds to maintain stability and includes features like isolated lending pools to mitigate risks, along with governance mechanisms for community-driven updates. Key components include the native $XVS token for governance and incentives, VAI stablecoin for borrowing, and advanced modes like e-mode for correlated assets to optimize capital efficiency. Users can engage in strategies such as looping borrows or leveraging yield opportunities across integrated DeFi ecosystems, all while maintaining self-custody of assets through compatible wallets.
Venus Protocol partners with Predict on BNB Chain for yield on prediction markets.
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Partnered with Predict on BNB Chain to enable yield earning on open positions in short-term prediction markets through Venus Protocol's lending infrastructure.
Integrated with Binance Wallet to enable users to borrow crypto on-chain using Venus Protocol directly within the Binance Wallet interface.
Extended app launches XVS as tokenized, yield-bearing vault shares that function as perpetual trading collateral on Starknet, enabling users to compound yield from both collateral and funding rate arbitrage.
Core Pool TVL reaches $1.5B+ with over 12% composed of Solv-related assets.
Venus X launches Q1 2026 as a partnership with Fluid, combining money market and DEX functionality on BNB Chain.
Protocol directs 40% of revenue to XVS holders split between 20% for XVS buyback and holder distribution and 20% for PRIME rewards (USDT/USDC).
Protocol directs 20% of revenue to buy back XVS tokens and 25% of BNB Chain revenue to burn BNB as part of its revenue-sharing tokenomics.
Two major product upgrades deployed in Q3 2025: E-Mode for capital efficiency and Venus Port for gas-free position migration.
Protocol faces allegations of leaving $500M vulnerable to oracle manipulation exploit involving XVS token price inflation and refusing to pay $1M bounty to security researcher who helped prevent the attack. The vulnerability involved an attacker accumulating $5M in XVS tokens to corner the market, then inflating collateral value through exchange price manipulation to withdraw all TVL.
SolvBTC has $367M in active borrows on the platform with 60% supply utilization on BNB Chain.
Protocol returns $11M in stolen cryptocurrency to phishing attack victim while confirming smart contracts remained secure during the incident.
Successfully prevents $27M phishing attempt through rapid response security measures.
Security alert: Users targeted through infected conference links in new phishing scheme; Google Meet recommended as safer alternative.
xSolvBTC launches on Core Pool, enabling Bitcoin yield earning and liquidity provision on BNB Chain.
Protocol fees double to $10.5m in April 2025 alongside new World Liberty partnership
Major integration: USD1 stablecoin ($2B market cap) expands to BNB Chain through new market integration.
Governance votes approve $1.7M reimbursement to Venus Labs for H2 2024 development work.
Risk framework and liquidation mechanisms maintain stability with zero new bad debt despite severe market volatility.
Q4 metrics: TVL up 14.6% to $2.51B, Total Value Borrowed up 87.3%, Protocol Revenue up 79.9%. Expanded multichain presence, launched on Base network.
100K THE token incentives launched, rewarding users for next 90 days. Initial supply and borrow caps of 2.4M and 1.2M THE.
New launch announced with Merkl incentives starting next week.
Money market integrating GM: ETH-USDC token as collateral on Arbitrum, already supports GM: BTC-USDC token. Will allow GMX LPs to borrow against $67M ETH/USDC liquidity pool.