[The Venus platform operates as a decentralized marketplace for lenders and borrowers alike. It describes itself as “the money market and synthetic stablecoin platform”. The protocol aims to offer a comprehensive lending and credit system to the Binance Smart Chain, the blockchain it is built upon, as well as facilitate the minting of synthetic stablecoins. Venus also hopes to bring features of traditional finance to decentralized protocols and allow users to benefit from the secure lending environment provided by the platform.Since it is built on the BSC, as such, all of Venus Protocol assets are BEP20 standard tokens. It features a comprehensive stablecoin functionality and aims to enable anyone to leverage collateral. This includes supplying collateral, earning interest on it, borrowing...
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