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

Venus Protocol is a prominent player in the decentralized finance (DeFi) landscape, having emerged as a significant lending platform on the BNB Chain since its launch in November 2020. This non-custodial algorithmic money market has revolutionized how users interact with DeFi by offering unparalleled ease of use in lending, borrowing, and minting synthetic assets. It leverages VAI, a stablecoin pegged to USD through sophisticated algorithmic mechanisms, ensuring stability for transactions.