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Beta·March 2026·Join Early Access→
TVL $725MAPY 0.06%low riskUpdated Feb 1, 2025

Venus BTC

Supply BTC to Venus Protocol on BNB Chain to earn yield from borrowers. Venus is the largest lending protocol on BNB Chain, offering competitive rates for Bitcoin holders.

ProtocolVenus
Networkbsc
SymbolVBTC
CategoryMoney Markets
Underlying Assets
BTCBTCB
Contract Address0x882c173bc7ff3b7786ca16dfed3dfffb9ee7847b

What is Venus BTC?

Venus BTC is a lending market on Venus Protocol where users deposit Bitcoin (BTCB) to earn yield on BNB Chain. Venus is the dominant lending protocol on BNB Chain, operating since 2020 with over $2 billion in total value locked. When you supply BTC to Venus, you receive vBTC tokens representing your deposit and accrued interest.

How Venus vToken Model Works

Venus uses a unique vToken model inspired by Compound:

  1. When you deposit BTCB, you receive vBTC tokens at the current exchange rate
  2. The vBTC/BTCB exchange rate increases over time as interest accrues
  3. Your vBTC balance stays constant, but each vBTC becomes worth more BTCB
  4. To withdraw, you redeem vBTC for the underlying BTCB plus earned interest
Interest Rate Model: Venus employs a jump rate model where interest rates rise gradually until utilization reaches ~80%, then spike sharply to incentivize repayments and attract more suppliers. This protects lenders from liquidity crunches.

What Assets Are Involved

Supply Asset: BTCB (Binance-Pegged Bitcoin) - a BEP-20 token backed 1:1 by Bitcoin Receipt Token: vBTC - Venus deposit token that accrues interest Underlying: Native Bitcoin held by Binance

BTCB on Venus is primarily used as:

  • Premier collateral for borrowing stablecoins without selling BTC
  • Long-term BTC holding with passive yield generation
  • Collateral for leveraged BTC positions through recursive borrowing
  • Liquidity source for DeFi strategies across BNB Chain

Why Supply BTC on Venus?

Venus offers several advantages for Bitcoin holders on BNB Chain. Transaction fees are minimal compared to Ethereum, making small deposits and frequent interactions economical. The protocol has operated without major security incidents since launch. BNB Chain's fast block times enable quick interest accrual and responsive rate adjustments.

Risk Disclosures

Smart Contract Risk: Venus contracts are audited and have operated since 2020, but no code is completely risk-free. The protocol has weathered market volatility without systemic failures. Bridge Risk: BTCB relies on Binance's custody and bridging infrastructure. If Binance's Bitcoin reserves or bridge mechanisms were compromised, BTCB could depeg from BTC. Utilization Risk: During extreme market volatility, high utilization may temporarily limit withdrawals until borrowers repay or new suppliers enter. Oracle Risk: Venus uses Chainlink price feeds on BNB Chain. Oracle failures or manipulation could theoretically cause incorrect liquidations. BNB Chain Risk: The network has fewer validators than Ethereum and different security assumptions. Chain halts or reorganizations could affect protocol operations. Governance Risk: Venus governance can modify protocol parameters. Changes to collateral factors or interest rate models could affect your position.

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Disclaimer: APY and TVL figures are based on on-chain data and may fluctuate. Past performance does not guarantee future results. DeFi investments carry smart contract, market, and liquidity risks. This content is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.

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