The Venus Protocol is a groundbreaking DeFI protocol on the Binance Smart Chain that allows you to simultaneously deposit crypto and earn interest while also taking out loans, minting stablecoins, and earning the Venus governance token. It can be thought of as a fusion between Maker and Compound that also runs on the Binance Smart Chain and has incredibly low fees and fast confirmation times.
#defi #binancesmartchain # #venusprotocol #vxs #vai
Timestamps
00:00 Overview
04:15 Deposit Crypto and Earn Interest
04:15 Borrow Against Collateral
09:30 Mint and Stake VAI
12:30 Other Features
14:45 Estimating ROI
16:16 Enabling MetaMask for BSC
18:24 Conclusion
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