Venus Protocol

BNB Chain Core Team Intervened Manually To Ease On-chain Volatility

Venus Protocol and Iron Bank Incur Eight-Digit Liabilities as MakerDAO Keeps a Clean Sheet

Binance Smart Chain’s most popular lending protocol, Venus, experienced a massive string of market liquidations totaling over $200M on May 18, and Venus, itself, has been left with $100M in bad debt because of it.  The liquidations were primarily caused by the massive price swing of Venus’ governance token, XVS. The token jumped 88% from…