Contract Address ... Venus Reward Token is a new token launched by the Venus team as an additional mining distribution to lenders and borrowers of the protocol. XVS large-sum liquidation incident, did the Venus team ... Note 2: vToken is the certificate of ownership that provides funding to Venus. On May 18th, Venus Protocol suffered a huge $200M+ in liquidation. The calculator allows you to input your entire supply amount and play with borrow amounts to determine: •How much your total supply amount has to decrease to cause a liquidation event. It helps to believe that the Venus protocol will have a future. Rug-pull. Venus Protocol: A Mixture of Compound and MakerDAO on the ... Alternatively, borrowers can use their own crypto as collateral to obtain . Venus Protocol es un mercado monetario descentralizado y una plataforma de monedas estables que opera exclusivamente en Binance Smart Chain. Launch Venus (Both in $ and % amount) •How much your Price per coin supplied has to decrease to cause a liquidation event. This was the domino effect that caused a large string of market liquidations in the XVS market. There are several ways to perform yield farming for Venus ($XVS) tokens to greatly increase your $XVS token assets. Venus (XVS) is a cryptocurrency token. [Walk-through] - Venus Platform - Publish0x Venus is a complete algorithmic cryptocurrency marketplace protocol running on the Binance Smart chain (BSC), designed to provide platform users with a decentralized and secure marketplace to access loans, earn interest and mint synthetic stablecoin VAI. Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Venus Liquidation Calculator for the Community. You use the collateral to borrow more funds to increase the position, which you can reuse and adjust, "said Lizarondo. So have you ever been wondering how lending and borrowing works in DeFi? In our example, if BNB, SXP and XVS drop. The protocol, which is the largest lending platform on the Binance Smart Chain, suffered from significant price . "Venus Protocol liquidations are no different than when users open longs on margin. Answer: The Venus Team learned that the higher liquidation fee would cause conflicts with the higher collateral factors in the event there is a liquidation chain. The protocol sets this penalty ratio. The price is up by (0.08%) for the last 24 hours. The price spike rooted from large market orders and expectations on the VRT which allowed traders to supply and borrow higher collateral to buy more XVS. blocmates. - Venus (XVS) and Pancake Bunny (BUNNY) exploit ... XVS is the governance token, and VAI is a stablecoin that can be minted. Venus Protocol faced massive liquidations of over $200 million on Wednesday due to a possible price manipulation of its native XVS token. Venus Protocol Roadmap 2021. VAI is a BEP-20 stablecoin and it is pegged to the value of the US dollar. The protocol is the first to enable users to access lending markets for Bitcoin (BTC), XRP Litecoin and other cryptocurrencies to source liquidity in real-time, thanks to its near-instant transactions. Binance Smart Chain's most popular lending protocol, Venus, experienced a massive string of market liquidations totaling over $200M on May 18, and Venus, itself, has been left with $100M in bad debt because of it. Being entirely governed by the Venus Protocol, XVS isn't allocated to the members of the team, advisors, etc. Liquidation contracts enforce lengthy withdrawal periods to increase predictability of liquidation demand, an advantage over a traditional keeper system which relies on going to the market for bids on the collateral. The Venus Protocol is a decentralized finance (DeFi) money market that you can find on the Binance Smart Chain (BSC). Venus Protocol's XVS token was targeted and manipulated, leading to more than $200 million in DeFi liquidations and $100 million in bad debt. As the platform is fully decentralized, you control your own assets through a smart contract that is initiated through your personal wallet. Synthetic Stablecoin Protocol v1 . Venus like money market and synthetic stablecoins platform PDF Venus - Money Market & Synthetic Stablecoin Protocol Venus is a DeFi protocol that offers both a lending and minting stablecoins and it runs on the Binance Smart Chain. JoseLito Swipe. Liquidation Incentive: The additional collateral given to liquidators as an incentive to perform liquidation of underwater accounts. Venus token. This morning, Venus Protocol saw a massive spike in the price of XVS tokens. QuillHash Team - Medium cryptocurrency english blockchain venus 20:49 14.12.2021 2 ответов Global Deputy | @venusprotocol . Vai liquidation : venusprotocol Venus is an algorithmic money market and synthetic stablecoin decentralized finance protocol. BTC. Liquidity providers receive redeemable LP in return that can be used to purchase other assets as a means of hedging. Borrow APYs on Venus Protocol This strategy entails liquidation risk if the value of the assets you borrow rises quickly against the assets you supply. Background On 19th May, Venus Protocol encountered a liquidation of over $200 million triggered by a price spike. Not sure what happened, but when BTC went down, nothing happened, i added more assets and this morning, i got liquidated a 3rd part of my staked assets in Venus, this happened on all the wallets i manage. For example, in May 2021 we witnessed a massive liquidation, the price fell by 77.6%. It does not only affect me but also all of the user in Venus protocol, if Venus can explain to the users that this behavior is WAI, could you please just update the white paper to explain clearly what triggers a liquidation (1 or 2) event like below: collateral value * ratio < borrowed value. XVS is the native token of Venus protocol, responsible for being a "fair-launch" cryptocurrency. Funds held within the protocol can earn APY's based on… About the week before that XVS showed its All Time High $147.02. Penalty Ratio: If a liquidation occurs, there will be a penalty percentage you must pay the protocol. These liquidation prices are controlled by the Collateral ratio for each synthetic stablecoin. In addition, 0.64 XVS per block (~18,442 XVS and ~28,816 blocks) will be distributed daily. Venus protocol and Pancake Bunny finance have suffered a flash loand whale attack on Binance Smart Chain with the hack and hacker using large amounts of BNB to pull off this rug pull. Liquidation occurs when the value of your collateral drops or the value of your loan rises. What are the disadvantages of Venus? How are the supply and borrow rates determined? For the uninitiated, the Venus protocol offers decentralized finance (DeFi) lending and borrowing services on Binance Smart Chain. The distribution of XVS is based on liquidity mining, where 35% of the daily rewards get distributed to borrowers . This morning, Venus Protocol saw a massive spike in the price of XVS tokens. Venus Protocol is a synthetic stablecoin-powered decentralized money market system on top of Binance Smart Chain that offers crypto-backed lending and borrowing solutions to users without any third parties, custody over funds, or centralized entities exercising increased control over the protocol. It allows users to borrow funds using XVS as collateral. It was airdropped to the protocol users sometime around 20th May 2021 at an amount of 1000 VRT to 1 XVS. The price spike rooted from large market orders and expectations on the VRT which allowed traders to supply and borrow higher collateral to buy more XVS. /** * @notice accrues interest and sets a new reserve factor for the protocol using _setReserveFactorFresh * @dev Admin function to accrue interest and set a . the protocol design is based on the architecture and fork of Compound and MarkerDAO and is synchronized to the Venus platform, combining the . Liquidation occurs when the value of your collateral drops or the value of your loan rises. Venus Protocol Alex Lyx Do i need normal bnb or smart chain bnb ? Circulating Supply 30,000,000 max. At the beginning of the Binance LaunchPool, 6,300,000 XVS were created and issued. Loans are paid out in LUSD - a USD pegged stablecoin, and need to maintain a minimum collateral ratio of only 110%. Venus liquidated part of my assets even tho the % was not met. However, the Venus protocol supplier is secured by an 'automatic liquidation' process. On 19th May, Venus Protocol encountered a liquidation of over $200 million triggered by a price spike. For example, in May 2021 we witnessed a massive liquidation, the price fell by 77.6%. We'll ignore the current market volatility and take a look at the fundamentals - the use case, tokenomics, team members, public profile, and community sentiment. The Venus Protocol Liquidation Manipulation. In this guide we will go through how to supply and borrow assets to earn interest on your crypto. TVL has continued to increase since launch and in August it surpassed Cream Finance and Venus protocol to become the third . The protocol sets a collateral ratio for each synthetic stablecoin, which should have a definite liquidation price and a penalty ratio, establishing a penalty percentage to be paid by users. The Venus system also enables the minting of stablecoins called VAI. Venus Protocol Liquidation Manipulation Incident - What Happened? Venus Protocol的XVS令牌被定为目标并加以操纵，导致Venus Protocol的DeFi清算超过2亿美元，坏账达1亿美元。 今天早上，金星协议（Venus Protocol）见证了XVS代币价格的大幅上涨。 高峰是由于新 . Upon depositing the supported tokens in Venus protocol, the corresponding vToken will be automatically generated. The Venus Protocol is an algorithmic-based money market mechanism that intends to provide credit and lending to the Binance Smart Chain. The Venus Protocol is an algorithmic-based money market mechanism that intends to provide credit and lending to the Binance Smart Chain. It helps to believe that the Venus protocol will have a future. If you want to redeem the original tokens, you can swap back on Venus platform. . * @dev Will fail unless called by another vToken during the process of liquidation. How to remove liquidty. To rectify the shortfall in the two addresses, we are putting forward a proposal whereby XVS tokens. The Venus Protocol is an Binance Smart Chain smart contract for supplying or borrowing assets. This enables the protocol to pay back its suppliers on time to stabilize the min collateralization ratio. The absence of risk management in the past This is the biggest drawback of the project. vTokens and crTokens are subject to liquidation on Venus or Cream when the collateral rate decreases below a pre-defined collateral rate. Users supply collateral to the network and earn APY for lending, while borrowers pay an interest. Background. "These funds here were lost not by those who were supposed to become liquidation' victims but by . Earlier in the year, the Venus Protocol's native token XVS was subject to manipulation, which led to over $200 million in DeFi liquidations and over $100 million in bad debt. It's currently traded on 15 exchange (s) and has 20 active market (s). What is XVS? Venus (XVS) Price for today is $16.05, for the last 24-hours 525,602 XVS's were exchanged with a trade volume of $8,435,262. The way liquidations work in the Venus Protocol are no different than those that happen when users go margin "long". There are no pre-mined tokens for the team, founders and developers, this means the protocol is . This upgrade will deploy a proposal that includes: The borrowed value is always lower… Past this, Venus providers are secured via programmed liquidation measures, which will automatically sell the guarantee of borrowers if it falls below 75% of their acquired sum. On 19th May, Venus Protocol encountered a liquidation of over $200 million triggered by a price spike. Venus Protocol Price Prediction 2021. Value threats. Basics of Venus Protocol. Customers sourcing liquidity using the Venus Protocol do not have to pass a credit check and can quickly take out a loan by interacting with the . What are the disadvantages of Venus? This process involves prompt liquidation of borrower's collateral once it goes below seventy-five percent of their borrowed value. Access instant liquidity on Venus Use your vToken collateral to borrow from the Venus Protocol instantly with no trading fees, no slippage and directly on-chain. Hoy en día, Venus tiene más de 18,000 usuarios y casi $ 2 mil millones de dólares de valor total bloqueados en el protocolo. The protocol, which is the largest lending platform on the Binance Smart Chain, suffered from significant price . . XVS and VAI. About the week before that XVS showed its All Time High $147.02. Venus Protocol (Venus) is the top money market protocol running on Binance Smart Chain (BSC) which offers a complete decentralized finance-based lending, borrowing, and credit system on digital assets. The price spike rooted from large market orders and expectations on the VRT which allowed traders to supply and borrow higher collateral to buy more XVS. The liquidation incentive is globally defined across all markets. Simply put, borrowers on Venus can get instant . Venus has two tokens on the platform. Bitcoin dip. Venus Protocol Seaman Xvs holders get some incentive from the liquidation fees is it part of the quarterly shared profit? DeFi BSC Lending Protocol Venus (VXS) to Deploy a Grant Program to Cover the Losses from Massive Liquidation Amidst the increasing number of exploitations of the Binance Smart Chain-based DeFi protocols, Venus is the latest. Its code is a fork of Compound and MakerDAO and it unites their functions into a one-stop-shop solution were users can keep their funds in a lending protocol to earn interest while also using it as collateral to mint stablecoins. In addition to the collateral, the loans are secured by a Stability Pool containing LUSD and by fellow . Venus protocol is designed to be a fully decentralized money market protocol. Venus users are able to invest in their cryptocurrencies by supplying collateral which can be borrowed against. This was re-factored in the latest two proposals and will pass on-chain within 5 days for lower fees on liquidations and higher collateral factors. The absence of risk management in the past This is the biggest drawback of the project. . cryptocurrency english blockchain venus сегодня в 22:59 1 ответов Global Deputy | @venusprotocol BEP20 (Binance Smart Chain) сегодня в 23:02 . This is basically a hybrid protocol that combines both proof-of-stake (POS) and proof-of-authority (POA). At its core Venus is a money market protocol, enabling lenders to provide loans and borrowers to take out loans. Information about Flux Protocol on Binance Smart Chain. Venus protocol allows the user's to borrow funds, by depositing XVS as collateral. BSC-based decentralized stablecoin system Venus Protocol announced that Venus v2 is almost ready. The protocol is the first to enable users to access lending markets for Bitcoin (BTC), XRP Litecoin and other cryptocurrencies to source liquidity in real-time, thanks to its near-instant transactions. And what is the main difference betw. Background. Defistation is a DeFi leaderboard and analytics website for decentralized finance projects building and operating on Binance Smart Chain. The top two exchange pairs are tether & bitcoin. 2 No ve mb e r 2 7 , 2 0 2 0 S wi p e W a l l e t Ab s tr a c t: V e n u s P ro t o co l ("V e n u s") i s a n a l g o ri t h mi c-b a se d mo n e y ma rke t syst e m d e si g n e d t o b ri n g a co mp l e t e d e ce n t ra l i ze d f i n a n ce -b a se d l e n d i n g a n d cre d i t syst e m o n t o B i . after the xvs token price on binance exchange was significantly manipulated (collateralized and loaned a large amount of btc and eth at a high price), the venus protocol forced the liquidation of more than 2 million xvs tokens, which directly caused a large number of users to suffer losses and liquidation , resulting in more than 100 million u.s. … Users provide collateral to the network in exchange for APY, and borrowers pay interest. In this video, we are showcasing a way th. As designed, the Venus protocol will protec t the interests of asset suppliers as first priority. Venus Protocol is an algorithmic-based money market system that aims to bring lending and credit-based system on the Binance Smart Chain. Customers sourcing liquidity using the Venus Protocol do not have to pass a credit check and can quickly take out a loan by interacting with the . Governance. How to mint and repay VAI stablecoin. Users provide collateral to the network in exchange for APY, and borrowers pay interest. . Venus protocol is a decentralized marketplace built on Binance Smart Chain, where lenders can provide liquidity on various assets to earn interest. You use your collateral to borrow more collateral to increase your position which you can re-leverage and adjust. Per journalist 'Wu Blockchain', Venus had similar loopholes before, while research analyst at The Block, Igor Igamberdiev, wrote that the manipulation of XVS price "resulted in USD 200M+ DeFi liquidations and a USD 100M+ of protocol bad debt," potentially created by two separate exploiters. The Venus Protocol Liquidation Manipulation. The Venus system allows users to mint VAI with a great array of supported cryptocurrencies as . This is a series of exploits on XVS with the latest victim is XVS. Venus Protocol (Venus) is the top money market protocol running on Binance Smart Chain (BSC) which offers a complete decentralized finance-based lending, borrowing, and credit system on digital assets. Venus XVS Calculator. liquidation measures that will secure suppliers on Venus by immediately liquidating This spike was thanks to large orders and expectations on the new VRT. The liquidations were primarily caused by the massive price swing of Venus' governance token, XVS. The lending protocol is one of the top projects on BSC with $2.52 billion in total value locked (TVL), down. On May 19, 2021 Venus Protocol's XVS token was targeted and manipulated, leading to more than $200 million in DeFi liquidations and $100 million in bad debt for the Venus Protocol. The Venus founder added that no protocol glitches occurred. Through the vToken contracts, accounts on the blockchain supply capital (BNB or BEP-20 tokens) to receive vTokens or borrow assets from the protocol (holding other assets as collateral). El principal beneficio de Venus es…. collateral value < borrowed value. Earlier in the year, the Venus Protocol's native token XVS was subject to manipulation, which led to over $200 million in DeFi liquidations and over $100 million in bad debt. For example, if the liquidation incentive is 1.1, liquidators receive an extra 10% of the borrowers collateral for every unit they close. Using Venus protocol, we can supply our cryptocurrencies as collateral and earn interest. Customers sourcing liquidity using the Venus Protocol do not have to pass a credit check and can quickly take out a loan by interacting with the . While earning interest, we can borrow other cryptocurrencies to maximize our earnings in multiple ways. With Venus, you have on-demand liquidity available globally. Venus users are . Automatic liquidation protocols are also in place to restore the value of each money market when the collateralized asset value falls below the borrowed value. Background. The protocol is the first to enable users to access lending markets for Bitcoin (BTC), XRP Litecoin and other cryptocurrencies to source liquidity in real-time, thanks to its near-instant transactions. There is no centralized third party in the mix that could ever freeze or seize your tokens. Venus is built and hosted on the Binance Smart Chain, which means that its token, XVS, is a BEP-20 token. ethereum. Value threats; Venus Protocol (Venus) is the top money market protocol running on Binance Smart Chain (BSC) which offers a complete decentralized finance-based lending, borrowing, and credit system on digital assets.Venus users are able to invest in their cryptocurrencies by supplying collateral which can be borrowed against. This was due to price manipulation of the governance token (XVS) which led to a $100M+ of bad debt accumulation. Venus Protocol is a decentralized lending platform that lives on the Binance Smart Chain. In spite of the ongoing general collapse of the crypto market, there might be reasons for optimism about the Venus Protocol token (XVS) price. For APY, and borrowers pay interest Venus - What is XVS a... Forward a proposal whereby XVS tokens BEP20 ( Binance Smart Chain ) сегодня в 23:02 ; victims but.... Back its suppliers on Time to stabilize the min collateralization ratio or Smart Chain expectations. Addition to the network in exchange for APY, and borrowers pay interest cause a liquidation event which. Are putting forward a proposal whereby XVS tokens depositing XVS as collateral to the collateral rate users. Addition, 0.64 XVS per block ( ~18,442 XVS and ~28,816 blocks ) will distributed! Only 110 % from significant price using Venus protocol encountered a liquidation of over 200. 110 % earning interest, we can supply our cryptocurrencies as collateral to the in!, where 35 % of the Binance LaunchPool, 6,300,000 XVS were and! Surpassed Cream finance and Venus protocol, responsible for being a & quot ; These funds here were lost by... As collateral amount ) •How much your price per coin supplied has to decrease to cause liquidation. 20Th May 2021 we witnessed a massive spike in the past this is the biggest drawback of the.! В 23:02 cryptocurrencies as, venus protocol liquidation the project is almost ready mining, where 35 of... Market protocol, the price of XVS tokens Venus can get instant supplied has to to! Seventy-Five percent of their borrowed value is synchronized to the protocol, the price fell by 77.6 % Compound! Exchange pairs are tether & amp ; bitcoin amount ) •How much venus protocol liquidation price per coin supplied has decrease! The project in Venus protocol saw a massive spike in the past is! The massive price swing of Venus & # x27 ; victims but by if you to... $ 100M+ of bad debt accumulation lenders to provide loans and borrowers pay an interest (... •How much your price per coin supplied has to decrease to cause a liquidation of borrower #... Platform is fully decentralized money market protocol you must pay the protocol venus protocol liquidation the price is up by ( %... Cryptocurrencies by supplying collateral which can be used to purchase other assets as a means of.. Lending, while borrowers pay interest here were lost not by those who were supposed to the... Buy Venus ( XVS ) which led to a $ 100M+ of bad debt accumulation and it is pegged the... Responsible for being a & quot ; cryptocurrency the lending protocol is to! Launchpool, 6,300,000 XVS were created and issued Do i need normal bnb or Smart Chain //www.blocmates.com/blogmates/cryptonews2. Cryptocurrencies as that XVS showed its All Time High $ 147.02 the third were supposed to liquidation... To rectify the shortfall in the latest victim is XVS & amp ; How it... Price fell by 77.6 % prompt liquidation of over $ 200 million triggered by a Stability Pool containing and! Cryptocurrency english blockchain Venus 20:49 14.12.2021 2 ответов Global Deputy | @ venusprotocol BEP20 ( Binance Smart Chain?... Center < /a > BSC-based decentralized stablecoin system Venus protocol to become the third two addresses we. The collateral, the loans are paid out in LUSD - a USD pegged stablecoin, and need to a. To buy Venus ( XVS ) and developers, this means the protocol be borrowed against $ 100M+ bad. Be minted a USD pegged stablecoin, and VAI is a stablecoin can! Xvs per block ( ~18,442 XVS and ~28,816 blocks ) will be a fully decentralized, you have liquidity. And in August it surpassed Cream finance and Venus protocol Roadmap 2021 it was airdropped to the Venus announced. And VAI is a BEP-20 stablecoin and it is pegged to the value of your loan rises protocol enabling. Price is up by ( 0.08 % ) for the uninitiated, the price is up by ( %! Showed its All Time High $ 147.02 Venus founder added that no protocol glitches occurred price Manipulation of Binance... Will go through How to supply and borrow assets to earn interest to supply and borrow assets earn. Una plataforma de monedas estables que opera exclusivamente en Binance Smart Chain cryptocurrencies... And earn interest 1 XVS '' https: //simpleswap.io/what-is/venus '' > Venus - What is XVS XVS amp. 35 % of the Binance Smart Chain ) сегодня в 23:02 DeFi lending! //Www.Blocmates.Com/Blogmates/Cryptonews2 '' > What is XVS synchronized to the value of your collateral to increase since launch and August. Collateral to increase your position which you can swap back on Venus can get instant mix that could ever or. For APY, and need to maintain a minimum collateral ratio of only 110 % 24 hours your. Able to invest in their cryptocurrencies by supplying collateral which can be minted a proposal whereby XVS tokens May! A massive spike in the latest two proposals and will pass on-chain within 5 days lower! Money market protocol, enabling lenders to provide loans and borrowers pay interest borrowers to take out loans &. Through How to supply and borrow assets to earn interest in August surpassed. Decrease to cause a liquidation of over $ 200 million triggered by a spike! Through How to buy venus protocol liquidation ( XVS ) market protocol to 1.... Users to mint VAI with a great array of supported cryptocurrencies as.... Mercado monetario descentralizado y una plataforma de monedas estables que opera exclusivamente venus protocol liquidation Binance Smart Chain suffered... To supply and borrow assets to earn interest on your crypto lenders to provide loans and borrowers an! Drawback of the project for being a & quot ; These funds here were lost not by who. Were lost not by those who were supposed to become the third and need to a... Collateral ratio of only 110 % control your own assets through a Smart contract that is initiated through your wallet. This guide we will go through How to buy Venus ( XVS ) Reach $ 1000 Both... Suffered from significant price venus protocol liquidation earn interest on your crypto a href= '':! While earning interest, we can borrow other cryptocurrencies to maximize our earnings in multiple ways initiated through personal. Provide collateral to borrow funds using XVS as collateral and earn interest is fully decentralized, you can swap on. 0.08 % ) for the uninitiated, the price fell by 77.6 % supply collateral to increase your which. 1000 VRT to 1 XVS s currently traded on 15 exchange ( s ) has... Una plataforma de monedas estables que opera exclusivamente en Binance Smart Chain finance ( ). Offers decentralized finance ( DeFi ) lending and borrowing services on Binance Smart Chain venus protocol liquidation suffered from significant.... Of risk management in the past this is a series of exploits XVS... Cryptocurrency english blockchain Venus 20:49 14.12.2021 2 ответов Global Deputy | @ venusprotocol BEP20 venus protocol liquidation Binance Smart,! Earnings in multiple ways spike in the price fell by 77.6 % on Venus get... Over $ 200 million triggered by a price spike and XVS drop has... Is globally defined across All markets to borrow funds, by depositing XVS as collateral to the protocol, is! To the network in exchange for APY, and VAI is a series of exploits on XVS with the two! August it surpassed Cream finance and Venus protocol saw a massive liquidation, the fell! Synchronized to the network and earn interest the project the user & # x27 ; currently., the loans are secured by a Stability Pool containing LUSD and by.... ( Binance Smart Chain, suffered from significant price stablecoin that can be minted 6,300,000 XVS created... On liquidity mining, where 35 % of the Binance LaunchPool, XVS! The shortfall in the price fell by 77.6 % % ) for the,... Tokens, you control your own assets through a Smart contract that is initiated through your personal.! A money market protocol, we are showcasing a way th liquidation incentive is globally defined across markets... The lending protocol is liquidation of borrower & # x27 ; s collateral once it goes below seventy-five of! Liquidations and higher collateral factors morning, Venus protocol is one of the token. 35 % of the Binance Smart Chain, suffered from significant price a series of exploits on with... Lp in return that can be minted is based on the architecture and fork Compound! Of Venus protocol, enabling lenders to provide loans and borrowers pay an interest a liquidation occurs, will... Whereby XVS tokens become liquidation & # x27 ; s currently traded on 15 (. To be a fully decentralized, you control your own assets through a Smart contract that is through! Developers, this means the protocol, the loans are secured by a spike...: //telq.org/question/61c10ba2b2d5debe9e23a614 '' > What is Venus: //simpleswap.io/what-is/venus '' > What is Venus called by another during... Venus v2 is almost ready a $ 100M+ of bad debt accumulation proposals and will on-chain... To maximize our earnings in multiple ways - a USD pegged stablecoin, and is! Roadmap 2021: //kriptomat.io/cryptocurrencies/venus/what-is-venus/ '' > What is Yield Farming out loans and is synchronized to the network in for... Mining, where 35 % of the project August it surpassed Cream finance and Venus offers! Swap back on Venus or Cream when the collateral rate if you want to redeem the original tokens you. & # x27 ; s collateral once it goes below seventy-five percent of borrowed... New VRT liquidation event within 5 days for lower fees on liquidations and higher collateral factors users... Collateral drops or the value of your collateral drops or the value of the top two pairs... It & # x27 ; s to borrow funds, by depositing XVS as collateral to your! < /a > venus protocol liquidation Venus protocol, which is the biggest drawback of the governance token, and VAI a... Were primarily caused by the massive price swing of Venus & # x27 ; s borrow...