What Value Do the Venus Synthetic Stablecoins offer?
The Venus Protocol is an algorithmic-based money market system that supports a decentralized lending and credit system built on the Binance Smart Chain.
A whitepaper claims Venus allows people to use cryptocurrencies as collateral in Venus’s network. They claim Venus creates a secure lending environment where lenders receive an annual compound interest rate on each block. Borrowers pay the lenders by paying interest on the borrowed cryptocurrency.