Lenders deposit funds into Venus and receive interest payments from borrowers (supply-side fees).

Venus is a non-custodial lending protocol built on BNB chain. Venus was founded by Joselito Lizarondo and launched in 2020.

XVS tokenholders own and govern the protocol. They currently take a cut of the total interest paid by borrowers (revenue).

governance

github

twitter

discord

etherscan

website

Lending

Venus

Venus | Data breakdown

# Venus Active loans Methodology

## 1. Overview

Active loans measures the total value of assets currently borrowed from Venus. This metric tracks the portion of user deposits that are lent out and subject to interest payments, serving as a primary indicator of credit demand and the protocol's ability to generate interest income. The measurement includes activity across the Venus core protocol, isolated markets, and the Venus Flux product.

## 2. Data sources

- **Blockchain events**: `AccrueInterest` events from `vBNB`, `VBep20Delegate`, and `VToken` contracts, `MarketAdded` events from `PoolRegistry` contracts, and state data from Instadapp liquidity resolver contracts, covering BNB Chain, Ethereum, Arbitrum, Base, and 4 other chains
- **External data**: End-of-day price feeds for the underlying assets

## 3. Step-by-step calculation

### Component A: Venus market tracking

- **Purpose**: Captures borrow balances from standard Venus lending markets and isolated pools
- **Logic**: `AccrueInterest` events are parsed from `vBNB`, `VBep20Delegate`, and `VToken` contracts. The `totalBorrows` field is extracted from these events to determine the current aggregate debt for each specific market. Lending pool and market relationships are identified through `MarketAdded` events emitted by `PoolRegistry` contracts. These values are mapped to their respective underlying assets using metadata extracted from allowlisted market configurations.
- **Key fields**: `totalBorrows` (borrowed amount), `lending_market_address` (market identification)

### Component B: Venus Flux tracking

- **Purpose**: Captures borrow balances for the Venus Flux product
- **Logic**: State data is retrieved from Instadapp liquidity resolver contracts on BNB Chain. The `total_borrow` field is extracted for assets integrated with the Venus Flux infrastructure to determine the active loan balance for this specific product.
- **Key fields**: `total_borrow` (borrowed amount), `token_address` (asset identification)

### Component C: Normalization and USD conversion

- **Purpose**: Normalize values across assets and convert to USD
- **Logic**: Borrowed amounts are normalized by the decimal precision of each underlying asset. Daily active loan balances are established by identifying the latest balance update for each market within a UTC day. A forward-fill mechanism is utilized to maintain continuous balances on days where no on-chain updates occur. Final balances are multiplied by end-of-day price feeds for the underlying assets to determine the USD value. Asset metadata is applied to ensure correct symbol representation for specific assets such as CAKE and BNB.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of loans currently outstanding to borrowers.

VenusXVS

Active loans

Active loans

Competitive landscape

Chain breakdown