Venus (XVS) is a lending and stablecoin issuance platform based on Binance Smart Chain (BSC). Venus aims to establish a Decentralized Finance (DeFi) lending market on the Binance Smart Chain and allow the issuance of synthetic stable currency assets through a series of BEP-20 collateral assets.
XVS is the platform's native BEP-20 governance token, which is mainly used to participate in platform governance, such as voting for product upgrades, adding new collateral types, and adjusting platform parameters.