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