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Beta·March 2026·Join Early Access→
TVL $99MAPY 0.43%low riskUpdated Feb 1, 2025

Venus ETH

Supply ETH to Venus Protocol on BNB Chain to earn yield from borrowers. Access Ethereum exposure with BNB Chain transaction costs.

ProtocolVenus
Networkbsc
SymbolVETH
CategoryMoney Markets
Underlying Assets
ETHWETH
Contract Address0xf508fcd89b8bd15579dc79a6827cb4686a3592c8

What is Venus ETH?

Venus ETH is a lending market on Venus Protocol where users deposit Ethereum (ETH) to earn yield on BNB Chain. The market uses Binance-Pegged ETH, allowing users to access ETH exposure and lending opportunities while benefiting from BNB Chain's lower transaction costs and faster block times.

How Venus vToken Model Works

The vETH market uses Venus's standard interest-bearing token model:

  1. Deposit ETH (BEP-20) and receive vETH tokens at the current exchange rate
  2. The vETH/ETH exchange rate increases over time as borrower interest accrues
  3. Your vETH balance stays constant, but each token becomes redeemable for more ETH
  4. Withdraw by redeeming vETH for underlying ETH plus accumulated interest
Cross-Chain ETH: ETH on BNB Chain is a bridged asset backed by Ethereum held by Binance. This enables ETH participation in BNB Chain DeFi without Ethereum's high gas costs.

What Assets Are Involved

Supply Asset: ETH (Binance-Pegged Ethereum) - BEP-20 wrapped ETH Receipt Token: vETH - Venus interest-bearing deposit token Underlying: Native ETH held in Binance custody

ETH borrowing on Venus serves multiple purposes:

  • Collateral for stablecoin loans without selling ETH
  • Leveraged ETH positions through recursive lending
  • Cross-chain arbitrage opportunities
  • Gas for ETH-based Layer 2 operations funded from BNB Chain
  • Hedge and trading strategies

Why Supply ETH on Venus?

Venus offers ETH holders a way to earn yield with minimal friction. BNB Chain's low fees make small deposits and frequent position adjustments economical. The protocol's established security record provides confidence for longer-term positions. Rate discovery benefits from Venus's deep liquidity and active borrower base.

Risk Disclosures

Smart Contract Risk: Venus has operated since 2020 with multiple security audits, but smart contract vulnerabilities remain a theoretical risk. Bridge Risk: ETH on BNB Chain depends on Binance's bridge infrastructure and custody. Bridge exploits or custody issues could affect the peg between BEP-20 ETH and native Ethereum. Utilization Risk: During market stress, ETH borrowing demand may spike, temporarily limiting withdrawal liquidity. Oracle Risk: Venus uses Chainlink for ETH price feeds on BNB Chain. Oracle manipulation or failures could affect liquidation accuracy. Cross-Chain Complexity: Using bridged ETH introduces dependencies on both Ethereum and BNB Chain security models. Price Correlation: ETH price movements affect both the value of your deposit and borrower collateral ratios. Governance Risk: Venus DAO controls protocol parameters that may affect ETH market conditions.

Related Money Markets

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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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