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 reached $516.96M in borrowed amounts (10th DeFi) and $163M supplied to Flux.
contract
binance-smart-chain
opbnb
zksync
optimistic-ethereum
unichain
base
ethereum
arbitrum-one
Reached $516,960,000 in borrowed amounts over the last 30 days, ranking 10th among DeFi lending protocols.
Reached $163M in total supplied stablecoins to Venus Flux within one month of launch.
Integrated with Unibase AI's BNB Town and INFINIT AI agent platforms for AI agent-driven lending and borrowing strategies via plain language prompts. INFINIT Labs tutorial demonstrated a $1.3M TVF strategy using slisBNB collateral and WBNB borrowing.
Achieved $27.31M TVL in the USDT lending pool on BNB Chain with 16.55% APY (30-day average 7.91%).
Suffered a flash loan attack in September 2025 resulting in $3.7M exploit, with the protocol responding in time and the attacker losing money.
Justin Sun transferred 621,000 XVS tokens (worth $1.95 million) to HTX on March 16, 2026, after holding them for two years since January 2024.
Exploited for $3.7M on BNB Chain on March 17, 2026, incurring $2.15M bad debt via oracle-adjacent vTHE contract exchange rate manipulation involving THE token.
Integrated tokenized gold (XAUm issued by Matrixdock) powered by Chainlink as borrowable collateral in RWA-collateral lending markets.
Hosts a discussion event featuring Maple Finance, Resolv Labs, and UTech Stables about Venus Flux and unified liquidity architecture for the BNB Chain ecosystem.
Offers 1% additional rewards when users borrow against SolvBTC (Solv Protocol's BTC product) on Venus Protocol, with support for looping yields on BTCB, BNB, ETH, USDC, and USDT.
Launches $1M incentives program, ends 2026-02-26.
Launched Flux market on BNB Chain on 2026-02-26 with $280M TVL and $1M in incentives; TVL reached $0.189B in March 2026.
Generated $3.3M in fees over 30 days, representing a 95.4% increase.
Powers Binance Loans, enabling SolvBTC to be used as collateral for borrowing assets.
A whale position on Venus Protocol was liquidated for 287,000 XVS (worth $930,000) on January 29, 2026, after XVS price dropped 40% from $5.3 to $3.1 in one day, with the liquidation occurring at $3.23 per XVS to repay $930,000 USDT debt.
A whale borrowed $1.4 million USDT on Venus Protocol on January 27, 2026, to purchase 532,000 XVS (worth $2.81 million) through循环 lending (collateralizing XVS to borrow USDT and buy more XVS).
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 reached $1.5B on BNB Chain, with over 12% composed of Solv-related assets.
Launched Venus Flux on BNB Chain 2026-02-26 with 0xFluid, offering a $1M rewards program (7% APR on USDC/USDT) until 2026-05-03. Partnered with Maple Finance to integrate Syrup Pools for institutional lenders, supporting fETH deposit and asBNB/BNB borrowing vaults.
Venus participated in Uniswap Foundation's first Conditional Funding Market experiment in July 2025, competing with Compound, Euler, and Morpho for $100k funding based on TVL projections in partnership with Butterygg.
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.
Exploited Resolv Labs USR stablecoin March 15, 2026, minting 80M unbacked USR, causing $25M losses and $5M XVS for attacker, exposing $500M. USR depegged to $0.15-$0.40; paused Venus Flux withdrawals March 22, 2026, began Fluid protocol debt repayment, accumulating $52M in bad debt.
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.