Venus Protocol: A Comprehensive Guide to Decentralized Finance

Venus Protocol has emerged as a leading force in the decentralized finance (DeFi) landscape, achieving significant growth since its launch on the BNB Chain in 2020. This non-custodial platform revolutionizes lending and borrowing through its sophisticated algorithmic money market model, allowing users to lend, borrow, and mint synthetic assets with unprecedented ease. The protocol’s unique selling point lies in VAI, a stablecoin pegged to the US dollar using advanced algorithmic mechanisms. 2024 witnessed a surge in Venus’s adoption, highlighting its position as a major player in the DeFi ecosystem.