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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.

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Daniel G. Jennings

Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.