What is Venus? Venus Protocol is an automated protocol designed to bring a complete decentralized lending and credit system onto Binance Smart Chain. Venus declares itself a money market and stable coin platform built on top of Binance Smart Chain. Venus can be compared with Aave or Maker of Binance Smart chain. Venus enables users to earn interest on their assets … [Read more...] about Venus Decentralized Money Market Explained?
What is a Collateral? Collateral in DEFI is similar to traditional finance. While acquiring a loan a borrower goes to a lender for a certain amount of funds. The lender agrees to provide loan once they both agree on the interest rate, this rate based on the amount and the time of repayment. The lender asks for the security of his loan by taking something of value from … [Read more...] about Lending and Collateralization Explained