Venus Description

Venus allows the world's first decentralized stablecoin (VAI), built on Binance Smart Chain. It is backed by a variety of stablecoins without central control and can be used to fund a range of crypto assets. Funds that are held within the protocol may earn APY's based upon the market demand. The block earns interest and can be used to secure assets or mint stablecoins. With the Binance Smart Chain, you can tokenize your assets and receive portable vTokens. These tokens can be used to transfer other users to cold storage or moved around freely. You can instantly borrow from the Venus Protocol using your vToken collateral. There are no trading fees, slippage, and you can use them directly on-chain. You have global liquidity on-demand with Venus.

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Company Details

Company:
Venus
Website:
venus.io

Media

Venus Screenshot 1
Venus Screenshot 1
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Product Details

Platforms
SaaS
Type of Training
Documentation

Venus Features and Options

Venus User Reviews

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  • Name: Dread K.
    Job Title: Founder
    Length of product use: 6-12 Months
    Used How Often?: Yearly
    Role: User
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Had potential, but just another scammy project in the end

    Date: Nov 27 2021

    Summary: I burned my portfolio with this project, because it had crappy volatility. There was some hack or exploit and after the token lost most of its value. The team didn't made things up by burning away some of the token as many investors suggested, so to me the developers are crooks one way or another, sadly :-(

    Positive: Website looks very nice. It's designed by professionals, has very clean look and the project is something that the crypto world could have made good use of.

    Negative: No dark mode on homepage. The token was hacked or exploited, so it dived.

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