Venus

Venus is a decentralized finance application built primarily on the BNB Chain, with presence across the Ethereum, Arbitrum, and Optimism ecosystems as well. It operates as a lending and borrowing protocol, meaning users can deposit crypto assets to earn yield or post collateral and borrow against it without relying on a traditional financial intermediary. The protocol addresses the problem of accessing credit and earning returns on idle crypto holdings for people who want to operate outside conventional banking.

Venus functions as an algorithmic money market where interest rates adjust automatically based on the supply and demand of each asset pool. XVS is the protocol's governance token, giving holders the ability to vote on parameter changes such as supported collateral types, interest rate models, and risk settings. The token does not represent a claim on a blockchain's block production — Venus is an application layer protocol, not a standalone chain, so there is no consensus algorithm or block time associated with XVS itself.

Lending and borrowing protocols like Venus typically generate fee revenue through the spread between borrowing rates paid by borrowers and deposit rates received by lenders, with a portion retained by the protocol treasury. However, no specific fee figures are stored in the data for this asset, so no fee-based measures such as fee yield or protocol revenue can be reported here. What is recorded is that roughly 56.69 percent of the maximum supply of 30,000,000 XVS is currently in circulation, and the fully diluted valuation sits at approximately 1.76 times the current market capitalisation of roughly 53.3 million dollars, reflecting that a meaningful share of tokens has yet to enter the market.