Venus, with a total locked value (TVL) exceeding $2.3 billion, is one of the leading decentralized lending protocols on the BNB Chain, introducing Venus Afterburn, a new mechanism with deflationary effects. This step initiates the quarterly burn processes of BNB, the native token of the BNB Chain, the third largest blockchain in the world by market value.

What is Venus Afterburn?

Venus Afterburn is a local BNB burn system that operates by transferring 25% of Venus Protocol revenues to previously designated token burn funds for Treasury. According to 2024 data, this amount corresponds to approximately 9,900 BNB, or around $6 million.

Venus generates the majority of its revenue from lending activities, with more than 90% of its revenue coming directly from the BNB Chain. Lending transactions routed through Binance Launchpools generated millions of dollars in revenue in 2024. Participation in the Launchpool requires users to temporarily stake BNB; this increases the demand for BNB lending, encouraging users to take loans through Venus.

In this context, the activation of the Venus Afterburn mechanism will enhance the appeal of the Launchpool and the protocol's revenues. Thus, with increased revenues, more BNB tokens will be burned, positively reflecting on the token economy. In short, offering high annual returns (APR) in the Launchpool will encourage users to take more loans within the Venus protocol, thereby increasing the protocol's revenue and BNB burn amounts. This process reduces BNB supply, making the token more attractive in the long run.

Important Benefits for BNB

BNB Value Increase: Earnings occurring in every block trigger BNB burns, supporting token value and ensuring the sustainability of the protocol.

Long-Term Support: Empowers BNB holders, increases asset value, and encourages the continuation of liquidity in Launchpools.

Player-Focused Burn and Earn: Those who contribute the most are rewarded with monthly leaderboards, enhancing community engagement.

Liquidity Strengthening: The BNB Chain Foundation supports the growth of the ecosystem by providing regular liquidity to Venus.

Key Benefits of the XVS Token

In addition to the BNB Chain, the Venus ecosystem and the protocol's native token XVS benefit from various advantages:

Increase in Token Usage: Recurring BNB burns strengthen the Venus protocol and expand the role of XVS in lending and borrowing transactions.

Prevention of Emission Dilution: Burns are made with revenue, which means no new XVS tokens are minted and reduces inflation risk.

Governance Transparency: Burn decisions are implemented only after Venus Improvement Proposals (VIP) and community voting; XVS holders participate in protocol governance through on-chain votes.

Increase in Liquidity and TVL: The growth in BNB liquidity and increasing lending activities enhances protocol revenues and TVL, thereby increasing the governance power of XVS.

Market Recognition: BNB Chain campaigns provide support to XVS, allowing the token to be recognized by a wider audience and increasing trading volume.

User Participation: 'Burn and Earn' programs and leaderboards increase the platform's attractiveness and strengthen user loyalty.

About Venus Protocol

Venus is one of the leading DeFi protocols offering lending and borrowing services with a TVL exceeding $2.3 billion. It operates on many blockchains, including Ethereum, opBNB, Arbitrum One, ZKSync, Optimism, Base, and Unichain, primarily BNB Chain. The platform stands out as one of the most comprehensive solutions in the lending space with over 70 markets and a user-friendly structure with extensive features.

Venus has a strong audit history from reputable security firms like CertiK and PeckShield, and its CertiK security score is above 91. This elevates Venus among the trusted and robust protocols in its ecosystem.


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