Community questions opaque finances at BNB Chain protocol Venus
Once-multi-billion dollar DeFi money market, Venus (XVS), operates one of Binance Smart Chain’s most opaque book of finances.
Cryptocurrency news by Protos · Protos
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
The largest DeFi money market on Binance’s blockchain, Venus (XVS), finances a curious book. A string of events put it at risk of overexposure to assets from hacks and bridge exploits. Venus considers some $250 million worth of stolen BNB to be part of its so-called total value locked (TVL).
Today, it claims to possess roughly $950 million of TVL within Binance’s Smart Chain ecosystem, inclusive of those illegitimate funds, while community members have accused Venus Protocol of hiding some of its liabilities.
Hosted on Acast. See acast.com/privacy for more information.