What is Venus Protocol?

Venus is a comprehensive DeFi platform. It predominantly focuses on borrowing and lending. It’s other features include swaps, staking, and stablecoin minting.

Is Venus Protocol safe?

Whether Venus Protocol is safe or not depends on the activity and scope. Venus Protocol has never been hacked. Additionally, the protocol has undergone at least 110 security audits.

What is the Venus (XVS) token?

The XVS token is a central part of the Venus ecosystem. You can use it in various DeFi activities, such as staking and governance. It is available on multiple EVM-compatible blockchains and Ethereum.

What blockchain is Venus on?

Venus is available on multiple EVM-compatible blockchains. This includes BNB, Ethereum, ZK Sync, Unichain, and more.

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May Woods

A King’s College London graduate, May is a highly accomplished UK-based journalist and editor. She holds an NCTJ multimedia journalism qualification and over 8 years of experience in writing, editing, and commissioning news and features for newspapers, magazines, and online publications. She has led investigations, interviewed prominent crypto CEOs worldwide, and developed successful social strategies for web3 clients, making her an expert in the field.