Venus (XVS) DeFi lending and stable-coin minting on Binance Smart-Chain Binance Launchpool introduced a new player on the digital asset lending market - Venus Finance - a DeFi money market platform built on the Binance chain. The collateral provided to Venus will be represented by wrapped tokens into the Venus chain, generally called vTokens. The interest rates in the protocol are based on the utilization of a specific market with a yield curve to determine the final rates. Venus was listed on Binance Innovation Zone on the 6th of October, having trading pairs with Bitcoin, Binance Coin, Binance USD and Tether.
**What makes Venus beautiful and different?** Venus enables digital asset lending but is going ahead of other competitors by creating synthetic stable-coins as BEP-20 assets. The Venus users can use over-collateralized leading to borrow other assets, while users that supply collateral assets to the pool will gain interest. The Venus Token (XVS) is the native BEP-20 governance token of the platform and VAI is Venus default synthetic stable-coin pegged to the US Dollar. The total supply of XVS is 30,000,000 tokens, distributed in three, 35% to the Lending Pool, 35% to the Borrowing Pool and 30% to the Stablecoin Pool and the users who will mint VAI on the platform.
The development of Venus is fully backed by Swipe and the focus on community building will be backed by the presence from the Swipe team in Asia, Europe, and North America. When Venus community will be big enough, the project will gradually expand to other regions. As the project grows, new collateral will be added, and more liquidity incentives will be launched. **Binance Launchpool** Venus (XVS) total token supply is 30 million tokens, and 20% of them are allocated and will be distributed through the Binance Launchpool. The 6 million tokens will be shared by Binance users who will stake Binance Coin (BNB), Swipe (SXP) and Binance USD into the Venus Pool. From the total of 6 millions Venus tokens, 60% (3.6 million) were allocated to Binance Coin holders, 30% (1.8 million) to Swipe holders and 10% (0.6 million) to Binance USD holders.
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