[ANN] Venus - Decentralized Money Market & Stablecoin Protocol

[GolumDeMort]

           

           

I am not the creator of the project or a member of the team and have nothing to do with the project. Information is published for your review

[GolumDeMort]

Venus Protocol — Testnet Launch




Venus Protocol is thrilled to announce the launch of its alpha testnet on the Binance Smart Chain. This alpha version will enable users to borrow and supply
collateral on the Venus Protocol and begin liquidity mining XVS. VAI minting will be released in a subsequent beta testnet. Users can start testing the
Venus Protocol by following the steps below

link

https://medium.com/venusprotocol/venus-protocol-testnet-launch-6b3641c0d5d7

[GolumDeMort]

Now that the alpha Venus Protocol testnet is out, team focus on two points coming next:

🟡 Beta testnet with $VAI minting
🚀 Mainnet launch after audits are in

https://twitter.com/VenusProtocol/status/1318196858536267777

[Murat]

is it an official thread?

[TimeTeller]

How is the OP connected to the project? Or just posted this project on behalf of the Venus team?
Do they have official account in the forum that can take care of queries from the users here?

Based from their key features stated in whitepaper, one thing that caught my attention is the no credit check upon borrowing crypto & stablecoins.
This can be a potential area of abuse from the borrowers or they are just relying on the collateral that these borrowers are supplying to the platform?

[strelartitor]

I'm following this project, it seems to be cool, where can I buy to hold?

[GolumDeMort]

How is the OP connected to the project? Or just posted this project on behalf of the Venus team?
Do they have official account in the forum that can take care of queries from the users here?

Based from their key features stated in whitepaper, one thing that caught my attention is the no credit check upon borrowing crypto & stablecoins.
This can be a potential area of abuse from the borrowers or they are just relying on the collateral that these borrowers are supplying to the platform?

No, I have nothing to do with the team. I'm just interested in this project and I invested in it. I will offer them support for this topic, maybe they will be interested

I'm following this project, it seems to be cool, where can I buy to hold?

You can register on Binance and buy there

https://www.binance.com/en/trade/XVS_USDT?layout=basic

[GolumDeMort]

With all the recent DeFi smart contract exploits occurring in the market, VenusProtocol will delay its mainnet launch until more scenarios are audited and published for security. Beta testnet with VAI minting is still scheduled to be launched this week.

https://twitter.com/VenusProtocol/status/1320725200300892160

[Daltonik]

The total value of Venus is now $10.487 billion, as DeFi users flock to the platform in search of attractive returns. According to Defistation, Venus currently ranks first on the BSC's DeFi platform for total blocked value.

[iphone5s]

This thread was created in October 2020 and I see very quiet about the latest information about this project, is this project more active in their telegram group? I also read people stories on the top page that a lot of delays have occurred here. Is it difficult for the team to achieve the picture they have created?