


Venus Protocol is the largest lending and borrowing protocol on BNB Chain and holds considerable influence across the ecosystem.
Introduction to Venus Protocol
Venus is an algorithmic money market protocol exclusively built on BNB Chain (BSC). Venus Protocol aims at providing lending and borrowing services to BNB Chain, competing with Ethereum-based Decentralized Apps (Dapps) like Compound, Aave, and MakerDAO.
Venus Protocol has long been one of the largest lending and borrowing protocols on BNB Chain and within the entire Web3 industry. founded in November 2020, it had a successful launch on both Binance Launch Pool and PancakeSwap where users could stake/earn the $XVS token helped to get visibility for the project.
After facing several exploits in 2021, the team used 2022 to rebrand and usher in a new era behind a new team and look. The project launched its V4 updates in November 2022 with significant changes which align for a stronger future.
In this article, we will dive in deep to learn more about Venus Protocol. Let’s go!

Venus Protocol aims to support these three core features:
- “Over collateralized” lending, where users can borrow assets of which the value is 75% or lower than the supplied assets.
- Earn interest by supplying supported collateral assets to the protocol.
- The ability to mint VAI, the protocol's default synthetic stablecoin pegged to the value of $1.00.
Lending and Borrowing on Venus
The major product feature of Venus Protocol is lending and borrowing. Venus Protocol allows users to lend and borrow permissionlessly from a pool of digital assets. For lending, users can lend assets and earn yield rewards on the assets they supply. When it comes to borrowing, Venus Protocol employs an over-collateralized loan process that makes the borrower pledge an asset for collateral before borrowing.
$VAI Stablecoin Minting
Venus Protocol allows users to lend, borrow, and mint assets. Venus enables synthetic stablecoin minting by using vTokens, which comes from the collateral users provide to the Venus Protocol. Users can generate (mint) $VAI tokens, Venus Protocol's synthetic stablecoin pegged at $1.00. $VAI is minted by supplying collateral to the protocol.
vTokens represent the deposited collateral that a person is fronting on the platform in order to borrow. Users can borrow up to 50% of their remaining collateral to mint VAI, the collateral is made up of “V”(wrapped) tokens such as $vBTC. For example, if a user supplies BUSD, they will get vBUSD that can later be redeemed.

Governance Token $XVS
Governance is a major part of the Venus Protocol and it has a strong and vocal community. The community plays a central role in helping redefine the rules according to community choices.
Venus Protocol's native token $XVS acts as its governance token. Holders of $XVS can vote on all kinds of initiatives ranging from adding new assets for collateral to changing parameters on the contract.
$XVS can be bought but users can also earn $XVS on the platform through ecosystem mining. The maximum number of tokens is set at 30,000,000 $XVS (thirty million), of which 21% were originally distributed via the Binance Launch pool, with the remaining 79% available for ecosystem mining.

Earning on the Venus Mainnet
The Venus Protocol Mainnet launched in November 2020 on BNB Chain, allowing users to earn $XVS by supplying and borrowing the following assets which in turn can be used for minting $VAI stablecoin:
- Swipe (SXP)
- Binance Coin (BNB)
- USDT (USDT)
- USDC (USDC)
- BUSD (BUSD)
- Venus (XVS)
Low fees and fast transfers on BNB Chain make money markets such as Venus more attractive than Ethereum-based platforms. During high-volume days, users may experience transaction fees upwards of $50. Venus solves this issue on BNB Chain, as it allows for under-capitalized users to leverage the negligible fees on BNB Chain.

Community Growth Strategies of Venus:
Venus is building a great community on BNB Chain and keeps building their community with various methods and incentives such as:
- Conducting AMAs with other BNB Chain projects.
- Regularly publishing content and news related to the DeFi money market.
- Hosting and participating in DeFi and blockchain conferences, workshops, and meetups.
- Partnering with existing BNB Chain protocols.
- Publishing updates in Medium.
- Actively communicating with the public via social channels.
- Creating Governance pools.
- Launching campaigns surrounding liquidity incentives.
- Adding new collateral to encourage more communities to participate in the protocol.
Conclusion
Venus protocol is the first lending and borrowing platform on BNB Chain, endorsed by the Binance Launch Pool. Venus has the first movers advantage on BNB Chain money markets, being the first project to launch lending and borrowing. The platform’s frictionless services have attracted many different users, especially with the minting of XVS tokens to bootstrap liquidity.
Venus has already worked to secure its stronghold on BNB Chain. Using resources to its advantage, Venus was able to partner with Binance through their accelerator fund and further collaboration with other crypto projects, such as SwipeWallet.
So what are you waiting for, check out their social media and become part of the Venus community!
Where to find Venus Protocol:
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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BTC Price Predictions: Analysts Wade in on the Future of Bitcoin

Top experts have predicted a bullish price movement for BTC in 2024, primarily because of the upcoming halving event.
Bitcoin (BTC), the flagship cryptocurrency, has always been a hot topic for analysts and enthusiasts. Over the past year, many have ventured to predict its price trajectory.
As of January 1 this year, BTC was trading at $16,547, per CoinMarketCap data. This led to speculations that the crypto market might be entering a challenging phase, with many predicting that the bull run might come in 2024, in line with the halving event.
As we approach the end of 2023, let's evaluate some of these predictions and their current status.
PlanB’s Prediction:
PlanB, known for creating the Stock-to-Flow model, made a significant prediction on January 12, 2023. He stated on Twitter that Bitcoin's price of $15.5K in November 2022 would be its lowest. He further mentioned that BTC had surpassed its Short Term Holder (STH) phase and would continue to rise steadily towards the 2024 halving event.
According to PlanB, BTC will trade above $32K during the 2024 halving, expected around April, according to reports. He also predicted that the bull market would begin in 2025, with BTC surpassing the $100K mark.

So far, PlanB's forecast seems accurate. BTC has not dipped below $15.5K since November 2022 and has climbed from $18K in January to $26K currently. PlanB reaffirmed his prediction by quoting his January tweet, saying, "To be clear, I still stand by my January 12 prediction."
To be clear, I still stand by my January 12 prediction:
— PlanB (@100trillionUSD) September 18, 2023
✅ Nov 2022 $15.5k was the bottom
✅ Bitcoin will rise towards 2024 halving. BTC already rose from $18k to $27k since Jan 12.
❓ 2024 halving will be >$32k ($32k-$66k IMO)
❓ 2025 bull market >$100k ($100k-$1m IMO) https://t.co/V74Y8VYCVo pic.twitter.com/VBjsHObMMl
Tim Draper’s Prediction:
Tim Draper, a renowned venture capitalist, made a bold prediction in 2018, stating that BTC would hit $250K by 2022. As we're in 2023, this prediction has yet to materialize.
Oops! I predicted $250k in 2022. My tweet last night was missing a zero. $250k is the number!
— Tim Draper (@TimDraper) April 13, 2018
However, Draper has been right before. In 2014, after buying millions worth of BTC, he predicted its price would reach $10K within three years. This prediction came true in 2017.
In an interview with Hall of Fame, Draper admitted feeling pressured to make another prediction after his first one's success. He attributed the unfulfilled $250K prediction to actions by the U.S. government. Yet, he remains hopeful, stating in December 2022 that BTC would reach $250K before the 2024 halving. He humorously added, "If it’s not $250,000 or higher, then don’t listen to me ever again on that kind of prediction."
Robert Kiyosaki’s Views:
Robert Kiyosaki, a prominent figure in the crypto space, has been vocal about his BTC price predictions. In July, he tweeted that BTC would reach $120K the following year (2024). This came after his earlier prediction of BTC hitting $500K by 2025. Despite BTC's price fluctuations, Kiyosaki has consistently advised people to invest in it and gold and silver.
SOFT LANDiNG? HARD LANDING? Or CRASH LANDING? I say crash landing. I hope I am wrong yet that is what I believe. Corruption is high & leaders corrupt. Buy gokd, silver, Bitcoin. Still best insurance against corruption & incompetence,
— Robert Kiyosaki (@theRealKiyosaki) May 18, 2023
However, his recent tweet with the caption "BYE BYE Bitcoin and US Dollar?" has left many wondering about his current stance on BTC.
BYE BYE Bitcoin & US Dollar? Citibank announced today it is offering bank block chain technology to turn institutional savings into Citibank tokens which can be used for instaneous 24/7 cross border transactions. Bye bye BC & US $?
— Robert Kiyosaki (@theRealKiyosaki) September 26, 2023
Pantera Capital and Chartered Bank
As reported by Crypto News Flash, American hedge fund Pantera Capital and Chartered Bank, a British multinational bank, have similar views about the BTC’s price.
The news outlet disclosed that Pantera Capital predicts $150K for BTC, while Chartered Bank sees BTC reaching the $120K mark in 2024. Both bold predictions have been made due to the highly anticipated halving event in 2024. Historically, Bitcoin's halving is seen as a bullish event in the blockchain industry.
What Next For BTC?
Predicting BTC's price is challenging, given its volatile nature. While some predictions are on track, others have not materialized. As with any investment, it's essential to do thorough research and consult with financial experts before making decisions. Only time will tell which of these predictions, if any, will come to fruition.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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