What problem does this service solve?

Venus is a decentralized lending marketplace that algorithmically connects lenders and borrowers.Cred is a lending platform that allows people to use their crytpocurrency assets as collateral to receive loans.

Token Stats

Company Description

The Venus token enables the Venus Protocol; an algorithmic-based money market system designed to bring a complete DeFi lending and credit system onto the Binance blockchain. The Venus token (XVS) is designed to be a fair launch cryptocurrency, without any designated allocations to a founding team. XVS tokens can only be earned by contributing liquidity to the protocol. Venus allows users to deposit collateral to the network that can then be borrowed by other users that are required to place tokens as collateral. This creates a secure lending environment with the lender receiving an interest payment that is distributed per block, and the borrower paying an interest on the cryptocurrency they borrowed.

Cred is a crypto-backed lending platform that is powered by the LBA token. It allows users to leverage their cryptocurrency assets to secure cash loans, and get fast liquidity without having to sell them.