Do you know about one of the strong #Thena partner?

This is #VenusProtocol😍

Let's figure out together what it is❗

Venus Protocol is an algorithm-based money market system on #BNBChain⚡️ ,
ethereum and #opbnb .

It aims to allow users to lend and borrow cryptocurrency in a decentralized and secure way.

Anyone can use it by connecting crypto wallets.
Community controls the protocol by its native governance token $XVS ,
which can be staked in the Venus Protocol Vault to earn token rewards.

What is possible on VenusProtocol?
⚡Lending
⚡Borrowing
⚡Minting stablecoins
⚡Governance

LANDING: Users can lend and earn changing yield on the assets they supply by Venus Protocol.

BORROWING: Venus Protocol utilizes an over-collateralized loan system that requires borrowers to pledge collateral before borrowing.

MINTING STABLECOINS: Venus Protocol users can mint the stablecoin using remaining collateral from previous vToken deposits.

GOVERNANCE: Users can also influence the future of the Venus Protocol (adding new tokens, interest rates etc.) by voting with own governance token $XVS .

Advantages of VenusProtocol over others protocols:

❇️use of supplied collateral for minting stablecoins

❇️users can earn yield from minted tokens

❇️Venus Protocol’s synthetic stablecoins are backed by the basket of cryptocurrencies

❇️low-cost and fast transactions on BNBchain