Venus Protocol

Item: Venus Protocol
Rating: 4.5
Author: Teagle

Trading without KYC

Staking

Teagle Score

Teagle user score

(0)

Founded2020

Head office-

Exchange typeDecentralized

Number of available networks8

Minimum purchaseNone

Trading feesNo fixed rate

Number of cryptocurrencies-

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Introducing the Venus Protocol Exchange

Venus Protocol is a decentralized exchange dedicated to lending and borrowing that began operating in 2020. By connecting a wallet, users can deposit supported assets, earn interest, or put them up as collateral to take out loans. XVS staking and Venus Trade leveraged trading are also available. In its terms of use, this exchange restricts access for users residing in sanctioned regions such as Iran, but by their nature, decentralized exchanges can still be used.

Teagle risk warning for Venus Protocol

Teagle warnings, licence status, regulators' warnings and users' verified complaints

Risk-spotting guide

Credibility and Global Standing of Venus Protocol Exchange

Venus has been operating since 2020 and is one of the well-known lending projects in the BNB Chain ecosystem. According to the September 2026 report published on its official forum, the value of supplied assets is about $1.72 billion and borrowers' debt is about $406 million.

$1.2 billion

(at the time of writing)

24-hour trading volume (Volume 24)

Has the Venus Protocol exchange ever been hacked?

Yes. The Venus exchange has a history of attacks and exploitation of the protocol's mechanisms. According to a report published in the exchange's community, on 15 March 2026 the Thena token market «THE» was targeted in an attack. By exploiting the way deposits were calculated and bypassing the supply cap, the attacker inflated their collateral position and borrowed about $14.9 million in assets; the final outcome of the operation and the liquidation of positions was slightly more than $2 million in bad debt. In a subsequent announcement, Venus stated that the technical cause had been fixed and the resulting debt had been repaid.

Security options

Feature	Answer	Description
Account password	No	You access the protocol with a wallet; the wallet password does not belong to Venus itself.
Google Authenticator — Google Authenticator	No	There is no built-in Google Authenticator setting for login or withdrawal.
Email address	No	For normal use of the protocol, no email-based account is created.
Anti-phishing	No	Meaning an account-specific anti-phishing code; no such setting was found.
CAPTCHA	Unknown	General, consistent use of CAPTCHA could not be confirmed.
Login history across devices	No	It has a transaction history; this is different from a device login history.
Address book	No	A withdrawal address book like those of centralized exchanges is not offered.
AI monitoring of suspicious activity	Unknown	It has risk monitoring tools, but specific AI-based monitoring of user activity could not be confirmed.
Multi-layer verification, KYC and AML	No	There is no multi-step KYC for normal use; however, the terms of use include AML and sanctions requirements.
Advanced data encryption	Unknown	No specific, verifiable claim for this item was found in the sources reviewed.
Withdrawal Lock after changing sensitive settings	No	There is no withdrawal lock triggered by password or account setting changes.

Venus Protocol Exchange Cryptocurrencies

Tether (USDT)
USD Coin (USDC)
BNB (BNB)
Ethereum (ETH)
Ripple (XRP)
Solana (SOL)
Chainlink (LINK)
PancakeSwap (CAKE)
Venus (XVS)

Newest coins

SKHYB
SPCXB
NVDAB
TSLAB

Managing Costs on Venus Protocol Exchange

The cost of using Venus should be calculated based on what you do. Depositing, withdrawing, borrowing and repaying are blockchain transactions and may consume gas. Borrowers also pay interest; the interest rate changes with market conditions and liquidity utilization, and there is no fixed rate shared across all assets.

Venus Protocol Exchange Services and Features

Venus's main use is putting crypto assets to work to earn yield or provide liquidity. Another key service it offers is borrowing. The amount you can borrow, the interest rate and the ability to withdraw depend on the conditions of each market. Alongside the core market, tools for staking and position management are also provided. Some of this exchange's services are listed below:

Depositing and earning yield: Assets enter the lending market and the depositor earns yield in line with the market rate. Returns are neither fixed nor guaranteed.
Borrowing against crypto collateral: Users can borrow against eligible assets. A drop in collateral value or a rise in debt may push the position to the liquidation threshold.
XVS staking and governance participation: XVS holders (the Venus exchange token) can deposit the token in the Vault and take part in the decision-making process.

Expert Review: Is Venus Protocol Exchange Suitable for Iranians?

Venus Protocol Exchange Head Office Details

Frequently Asked Questions About Venus Protocol Exchange

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