Venus Protocol: A Deep Dive into DeFi Lending on BNB Chain

Venus Protocol has emerged as a prominent player in the decentralized finance (DeFi) landscape, achieving significant growth since its launch on Binance Smart Chain (formerly known as BNB Chain) in November 2020. This non-custodial algorithmic money market platform offers users a variety of DeFi services, including lending, borrowing, and minting synthetic assets, all with unprecedented efficiency. Its innovation lies in VAI, a stablecoin pegged to the USD through advanced algorithmic mechanisms.