Provider at a glance
- Category
- Lending & Borrowing
- Entity
- Not verified
- Official website
- venus.io
Independent rankingchecked How it works
Details
Scored 81 out of 100 under methodology 2026.10.18, from the evidence read in September 2026.
Venus
Lending market on BNB Chain
Lending & Borrowing
#1 Overall
Ranked #1 of 8 lending & borrowing in the published ranking
81
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- High evidence confidence
Is Venus right for you?
Right for you if these matter most
- Liquidation price9/10, the category best
- Who sets your rate9/10; the category best is 10
- Loss record published9/10, the category best
Look elsewhere if these come first
- Contagion between markets7/10 here; Morpho scores 9
Not yet tested for your country. Markets it lists: Global.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best crypto lending platform shows where it lands for you.
What will Venus cost you?
Not priced on this basis
- Amount borrowed
- $10k
How safe is Venus?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read September 2026.
- LicenceMiCA (EU): no register record on file here.
Alternatives to Venus
Compare all 4- 2Spark1 point below · stronger on who sets your rate (10 against 9)80$396
- 3Morpho3 points below · stronger on contagion between markets (9 against 7)78
- 4Euler V24 points below · stronger on contagion between markets (9 against 7)77
For your setup
Find out if Venus fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where Venus lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
- A few questions
- No account required
- Ranking-blind: no commercial input
- Personalised in under 60 seconds
Find my best crypto lending platformNothing is inferred from clicks, popularity or commercial value.
Why it leads
Why Venus ranks #1
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (27.3 here) sit inside the score; availability, friction, trust record and measured data add the rest. Best in this ranking on 2 of 4.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
329+9.226.59#1/8Loading evidence…
249+6.919.010#2/8Loading evidence…
247+5.388.09#6/8Loading evidence…
209+5.767.09#1/8Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
Margin+1over Spark, #2
RobustnessOne point from changingacross a one-point change to each of its 4 criterion scores, the re-run scores 80–82 and ranks #1–#2
Evidence4 of 4 scored4 quoted, 4 with a source link
What would move the rank
Each line is the ranking run again with one of Venus’s criterion scores changed and every other value held: the smallest whole-point change on that criterion that moves its rank, and where the re-run puts it. Up to 4 climbs and 3 falls are listed, smallest change first. Nothing here is a forecast.
What price gets you liquidated, and how far can it drift? 9 → 8 on its ladder · Spark passes it−180#1 → #2
Who sets your rate — a utilisation curve or a curator? 9 → 8 on its ladder · Spark passes it−181#1 → #2
If one market goes bad, how much of yours goes with it? 7 → 5 on its ladder · Spark passes it−279#1 → #2
Strengths
3 from the score dataWhere it leads
Best for readers who weight
- What price gets you liquidated, and how far can it drift? — 9/10, the category best
- Who sets your rate — a utilisation curve or a curator? — 9/10, category best 10/10
- Has it lost lender money before, and did it publish it? — 9/10, the category best
Tradeoffs
1 from the score dataWhere it trails
Not for readers who put first
- If one market goes bad, how much of yours goes with it? — 7/10 against a category best of 9/10
Record watch-outs
- Read https://docs-v4.venus.io/guides/isolated-pools-deprecation before you deposit - 'Venus isolated pools have been fully deprecated' - and then re-read the risk documentation knowing that. Almost everything Venus publishes about containing a loss automatically (the Shortfall auction, now paused - 'auctionsPaused() returned true' at a 27 Aug 2026 snapshot - and the healAccount write-off that 'records borrowBalance - actualRepayAmount as market badDebt') is scoped to those retired pools, and the risk-fund page, rewritten about a month before the 2026-09-28 read, says 'There is no universal on-chain function that automatically applies RiskFundV2 to every Venus bad-debt balance. Core Pool and isolated-pool accounting differ'. The FAQ still advertises isolated pools as preventing 'failures in one market from impacting others'. In practice a Core deficit is repaired only when governance votes to repair it from the Risk Fund - which it has done, twice, in full (VIP-564 2025-11-07, VIP-604 2026-03-30) - but that is a discretionary act, not a waterfall; the fund is on the order of 1% of Core debt, its balance is published nowhere, and the same page now calls it 'protocol-controlled funds allocated by governance; they are not a per-user insurance policy'. Second thing to read, and it is the one a leveraged holder underweights: the deprecation guide states that a missing price on any market in your position can block the exit - redeeming or calling exitMarket 'causes the Comptroller to check the account across all currently listed entered markets in that pool', and if the oracle 'still cannot produce a valid price for any required market, the operation can revert. exitMarket performs the same full-balance redeem check and generally cannot bypass that condition.' Third: the THE post-mortem concedes the published band did not stop the March 2026 attack - 'the BoundValidator reverted for approximately 37 minutes' and then accepted the manipulated price (THE carries the 1.05/0.95 band on the oracle table). The bounds are real, numeric and better disclosed than most of this pool, but they are a cross-source sanity check, not a manipulation-proof price.
Competitive position
Where Venus leads and where it trails
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Availability#1 / 814.0 of 20 · constant here
Published criteria#1 / 820.4 of 30 · pool best
Friction#1 / 82.7 of 10 · constant here
Trust record#1 / 83.2 of 8 · constant here
Measured data#1 / 88.3 of 18 · constant here
Where Venus leads
- What price gets you liquidated, and how far can it drift?#1 / 8
- Who sets your rate — a utilisation curve or a curator?#2 / 8
- Has it lost lender money before, and did it publish it?#1 / 8
Where it trails
- If one market goes bad, how much of yours goes with it?#6 / 8
Closest alternatives
The 3 nearest rows by score
Nearest by published score in either direction. Each card states the criteria on which the two rows differ and the cost difference under the same scenario inputs; the compare arithmetic below shows why the higher one ranks higher.
Spark#2 of 8 · score 80 · 1.0 point behind
Venus leads on
- What price gets you liquidated, and how far can it drift?9 vs 8
- Has it lost lender money before, and did it publish it?9 vs 7
Spark leads on
- Who sets your rate — a utilisation curve or a curator?10 vs 9
- If one market goes bad, how much of yours goes with it?8 vs 7
Largest single reason Venus is ahead: published criteria (+1.3 display points).Scenario cost: Venus has no verified pricing for this scenario.
Morpho#3 of 8 · score 78 · 3.0 points behind
Venus leads on
- What price gets you liquidated, and how far can it drift?9 vs 7
- Has it lost lender money before, and did it publish it?9 vs 7
Morpho leads on
- If one market goes bad, how much of yours goes with it?9 vs 7
Largest single reason Venus is ahead: published criteria (+3.4 display points).Scenario cost: Morpho has no verified pricing for this scenario.
Euler V2#4 of 8 · score 77 · 4.0 points behind
Venus leads on
- What price gets you liquidated, and how far can it drift?9 vs 7
- Who sets your rate — a utilisation curve or a curator?9 vs 8
- Has it lost lender money before, and did it publish it?9 vs 8
Euler V2 leads on
- If one market goes bad, how much of yours goes with it?9 vs 7
Largest single reason Venus is ahead: published criteria (+3.6 display points).Scenario cost: Euler V2 has no verified pricing for this scenario.
Against #2
81 vs 80 · gap 1.0Why Venus ranks above Spark
DimensionThisSparkGap share
Availability · 23% weight · constant here14.014.0same
Published criteria · 35% weight20.419.9+1.3, better
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight · constant here8.38.3same
Published criterionThisSparkPoints
What price gets you liquidated, and how far can it drift? · w3298+1.02, better
Who sets your rate — a utilisation curve or a curator? · w24910−0.77, worse
If one market goes bad, how much of yours goes with it? · w2478−0.77, worse
Has it lost lender money before, and did it publish it? · w2097+1.28, better
Net8180+1.0
Your scenario
Venus is not priced for this scenario
Interest on what you borrow at the published rate. Variable rates move; excludes origination and liquidation penalties. Change an input and every figure recomputes from the published rate; the published rank does not move.
interest/yr · default scenario — set your own
Amount borrowed · your input$10k
Rate read from the provider’s published pricing ↗ on 28 September 2026.
interest/yrCost is stated as interest/yr in USD; it is never a yield, never annualised, and it does not enter the score.
Not priced on this basis
Under the default inputs · USDCategory median and cheapestNot statedOnly 1 of 8 rows publish a comparable price; a median and a cheapest row need at least 3.
7 of 8 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
Evidence read 28 September 2026
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceVerified4 of 4 criteria reconstruct from receipts
4 of 4 criteria reconstruct from a quoted, sourced receipt equal to the published strength.Public receiptsReading…4 quoted with a source URL
The receipt file has not been read yet.Evidence confidenceHighcoverage and corroboration, never freshness
4/4 criteria scored, with 4 dated sources quoted.RobustnessOne point from changingrank #1 to #2 across one-point re-runs
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.The newest evidence read on the platform is 3 November 2026; this category's reading is older. The scores stand as read on 28 September 2026.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
What price gets you liquidated, and how far can it drift?strength 9 · weight 32Report an error—28 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Who sets your rate — a utilisation curve or a curator?strength 9 · weight 24Report an error—28 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.If one market goes bad, how much of yours goes with it?strength 7 · weight 24Report an error—28 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Has it lost lender money before, and did it publish it?strength 9 · weight 20Report an error—28 September 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.How you can lose money here, and what the ranking scores
- Control failure (Venus 9/10): a key or vote changes the rules, freezes or mints.Scored by Who sets your rate — a utilisation curve or a curator? · 24%
- Oracle failure (Venus 9/10): a wrong price or outcome liquidates or settles a position.Scored by What price gets you liquidated, and how far can it drift? · 32%
- Insolvency failure: the firm or issuer that owes you cannot pay.Scored by If one market goes bad, how much of yours goes with it? · 24% (Venus 7/10)Scored by Has it lost lender money before, and did it publish it? · 20% (Venus 9/10)
Not assessed by this ranking: Contract failure, Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.
Facts
facts, not scoresWhat the record publishes
- Pricing
- Venus takes no deposit, withdrawal or curator fee on a direct Core supply; the protocol's take is each market's reserve factor. The Interest Rate Model page (https://
docs-v4 .venus .io /risk /interest-rate-model, fetched 28 September 2026) defines it inside the supply-rate formula - "For those models, if r_b is the borrow rate per slot and f is the reserve factor" - and states that it publishes no per-market value: "This is a model-selection overview, not a per-market configuration registry." The live values are API fields, not page text: https:// api .venus .io /markets ?chainId =56 on 28 September 2026 returned reserveFactorMantissa of 0.1 for USDT and USDC, 0.2 for ETH and 0.3 for BTCB and BNB, the largest BNB Core markets by borrows. The sentence this note carried until now (the old glossary definition of the reserve factor) is no longer on that page, which was rewritten about a month before this read.Venus — official pricing page ↗ · 28 September 2026 - Prices published in
- USDVenus — official pricing page ↗ · 28 September 2026
- Licences held
- Not published
- Compliance level
- partial
- Regulatory note
- Not published
- Supported chains
- BNB Chain, Ethereum, Arbitrum One, ZKsync Era, Base, Unichain, Optimism, opBNB
- Markets served
- global
- Primary markets
- Not published
- Restricted markets
- Not published
- Operating limits
- Not published
- Availability note
- Permissionless onchain protocol with no vendor-published country list or KYC gate. The only access control Venus documents on its own surface is address-level, not geographic: https://
docs-v4 .venus .io /risk /risk-management states 'The Venus Protocol UI utilizes Chainalysis to assess the risk profile associated with web3 addresses. If the risk is deemed high, the connection is disallowed, preventing any interactions with contracts from the UI involving that risky address.' Re-checked 2026-08-17: https:// venus .io /terms returns HTTP 200 but is a JavaScript shell whose entire readable body is 'Venus Protocol You need to enable JavaScript to run this app.' - so any jurisdictional restriction in the terms could not be read and is recorded as unverified, never as absent.
No confirmed legal entity is on file for this record. Nothing is inferred from the brand name.
If something goes wrong with Venus: where to complain, and where to report a scam
Loading the routes for your country.
How this page is reviewed
Reviewed means this product in this category was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
10 methodology entries
- 28 September 2026Current verified snapshot · methodology 2026.10.18Score 81, #1 of 8. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 11 October 2026
2026.10.9No live feed or market rate moves a score- fixed Lending and borrowing: the borrow rate leaves the fee term, which now scores every protocol alike, so the category ranks on its four published criteria. Venus, first on those criteria, moves from #7 to #1; Spark stays #2; Morpho moves from #1 to #3 and Compound from #8 to #6.
- fixed Exchanges: the fee term reads each exchange's taker fee from the catalog instead of a table dated 1 April. Kraken (0.80 %) moves from #6 to #9 and Gemini (1.20 %) from #10 to #11; Coinbase, Luno, Bitvavo and VALR each move up one place, and Bybit stays #1.
- removed Staking: a yield no longer stands in for a staking provider's missing commission. No published score moves.
- added /methodology/live-data publishes which numbers may move a score; on every build a test fills each live feed with extreme values and fails if a single score moves.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
Methodology 2026.10.18, the same published run every visitor sees · receipt lending_borrowing:venus:2026.10.18:57a5bb9ffe4f
Are you Venus? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.
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Editorial review of Venus , on file since April 2026 — the review is separate from the score.