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).

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Venus

Venus | Data breakdown

# Venus Maximum token supply Methodology

## 1. Overview

The Venus maximum token supply metric represents the total maximum number of Venus (XVS) tokens that can ever exist according to the protocol's design specifications. This is a constant value of 30,000,000 tokens that was established at the protocol's launch. Unlike circulating supply metrics that change based on blockchain activity, maximum supply is a fixed protocol parameter that remains constant over time. This metric answers the fundamental question of token scarcity and provides the upper bound for Venus token issuance.

## 2. Data sources

The calculation relies on protocol design specifications rather than dynamic blockchain data:
- **Protocol documentation**: Venus protocol specifications defining the maximum token supply cap
- **Token contract specifications**: Smart contract parameters that enforce the maximum supply limit
- **Protocol launch information**: Official launch date and timing for the Venus protocol

## 3. Step-by-step calculation

### Component A: Protocol constants definition
- **Purpose**: Establish the foundational parameters for Venus maximum token supply
- **Logic**: The calculation uses hardcoded protocol constants that were defined at Venus's inception. The launch date is set to November 27, 2020 at midnight UTC, representing when the Venus protocol became operational. The maximum supply is fixed at exactly 30,000,000 tokens, which represents the total cap on XVS token creation as defined in the protocol's tokenomics design.
- **Key fields**: The `timestamp` field marks the protocol launch date, `timestamp_grain` is set to daily granularity, and `token_supply_maximum` contains the constant value of 30,000,000

### Final aggregation
- **Combining components**: Since this is a single constant value, no complex aggregation is required
- **Currency conversion**: Not applicable as this metric represents token quantity, not monetary value
- **Time aggregation**: The constant value is propagated forward from the launch date using a fill-forward strategy, meaning the same maximum supply value applies to every day from November 27, 2020 onward
- **Final calculation**: The metric simply returns 30,000,000 for every time period from the protocol launch date forward, representing the unchanging maximum possible supply of Venus tokens

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

Maximum number of tokens that can exist under the current token economics.

VenusXVS

Maximum token supply

Maximum token supply

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