DeFi protocol (you keep your wallet, funds sit in a smart contract)
VenusC4/5· Higher risk
Facts last reviewed 24 Sept 2026
The oldest lending protocol on BNB Chain, but it has repeatedly incurred bad debt from price manipulation of illiquid assets; it could not be confirmed that the THE incident (3/2026) has been fully covered.
Compare a move (switching cost) →History: published and paid rates, incidents, legal status →
Why this tier
- Meets: Operating since 2020-11 (5 years)
- Meets: Audited by 7 firms: CertiK, PeckShield, OpenZeppelin, Quantstamp, Fairyproof, Hacken, Code4rena
- Meets: Bug bounty programme (BNB Chain Bug Bounty, up to $100k)
- Meets: Large TVL: $1.3B
- Fails: Uncovered losses in the last 2 years: Donation attack on the THE market: supply cap exceeded and THE price manipulated (2026-03)
- Note: Risk of the asset itself: Pooled lending that accepts illiquid collateral: depositors bear oracle manipulation and bad-debt risk, covered only by the Risk Fund/treasury.
- Note: After the THE incident: the THE/CAKE markets were paused and the collateral factors of many assets (BCH, LTC, UNI, AAVE, POL, FIL, TWT, lisUSD) were set to 0.
Tier history
- 29 Sept 2026C· Higher riskHigher risk
Products
| Coin | You earn | Highest rate | Tier | Product | Term | Conditions |
|---|---|---|---|---|---|---|
| USDT | 3.43% | Highest rate3.43% | C4/5· Higher risk | Venus · BSC | FlexibleWithdraw any time | |
| BTC | 0.20% | Highest rate0.20% | C4/5· Higher risk | Venus · BSC | FlexibleWithdraw any time | |
| BNB | 0.06% | Highest rate0.06% | C4/5· Higher risk | Venus · BSC | FlexibleWithdraw any time | |
| BNB | 0.02% | Highest rate0.02% | C4/5· Higher risk | Venus · BSC | FlexibleWithdraw any time |
USDT
BTC
BNBTier: A lowest risk, D active incident. The number after the letter is the criteria met.