Venus
Venus runs 2 onchain markets we track for borrowing stablecoins against wrapped Bitcoin (BTCB and SolvBTC) across BNB Chain. It is a permissionless set of smart contracts, no application, no credit check, no custodian. Every rate below is variable and moves with pool utilization. Market data verified June 27, 2026. We have tracked daily rates here since June 27, 2026.
Lowest rate
4.15%
variable
Markets
2
Networks
1
Total TVL
$386.3M
Structure
Pooled
About Venus
Venus is the largest lending market on BNB Chain and accepts Binance-Peg Bitcoin (BTCB) and SolvBTC as collateral to borrow stablecoins. It is a Compound-style pooled protocol. Trust note: Venus has had repeated bad-debt incidents — roughly $112M cumulative across several events since 2021 (a 2021 XVS price-manipulation event, 2022 Terra/LUNA fallout, a 2025 zkSync donation attack, and a March 2026 attack via Thena that left about $2.18M in bad debt). It is included here because it is genuinely large with a deep BTC market, but its risk record is materially worse than the isolated-vault protocols on this page.
Markets
Every Venus market we track, sorted by lowest variable borrow rate. Click any market for collateral, LTV, liquidation, and audit detail. Rates are variable point-in-time snapshots.
2 markets
Collateral & rehypothecation
Accepted collateral across Venus markets: BTCB and SolvBTC. These are wrapped or tokenized Bitcoin, not native BTC. Rehypothecation: Yes. Deposited collateral sits in a shared pool and can be reused by the protocol, which broadens what your position is exposed to.
Venus is a pooled (Compound-style) protocol on BNB Chain. Deposited Bitcoin (BTCB, SolvBTC) earns a supply APY and is made available to other borrowers, which adds counterparty risk versus isolated-vault protocols.
Liquidation
Liquidation on Venus is automatic and onchain. If your loan-to-value ratio crosses a market's liquidation threshold, the protocol sells part of your collateral to repay debt, without notice and without a human margin call. Venus is a Compound-style pooled protocol. When your borrow exceeds the collateral factor, liquidators repay part of the debt and seize collateral plus an incentive. No grace period.
Per-market liquidation thresholds and max LTV are listed in each market card above (for example, max LTV 80% with liquidation at 83% on the first market).
Audits & security
Audit status we recorded for Venus: Audited (Certik, PeckShield, Code4rena). See history note: repeated bad-debt incidents since 2021.. An audit reduces but does not remove smart-contract risk. Permissionless protocols can still contain bugs or be exploited, and an exploit can put deposited collateral at risk. Treat audit status as one input, not a guarantee, and verify the current audit and bug-bounty posture on the protocol directly.
Supported wallets
You interact with Venus from a self-custody wallet you control; we never ask you to connect a wallet here. Wallets recorded across these markets:
Frequently asked
What Bitcoin can I use as collateral on Venus?
Across the Venus markets we track you can post BTCB and SolvBTC as collateral. These are wrapped or tokenized representations of Bitcoin that live on the underlying network, not native BTC. Each market is matched to a specific collateral token and stablecoin, so confirm the exact token on the protocol before depositing.
Are Venus markets isolated or pooled?
The Venus markets we track are pooled, meaning deposited collateral sits in a shared lending pool and can be rehypothecated. That broadens what your collateral is exposed to. The per-market detail shows the rehypothecation note we recorded.
How are Venus borrow rates set?
Every Venus borrow rate is variable. Rates are determined algorithmically by each pool's utilization, the share of supplied liquidity that is currently borrowed, and they move continuously as borrowers enter and exit. The lowest variable rate we recorded across Venus markets was 4.15%, a point-in-time snapshot, not a fixed or promotional rate. There is no fixed-rate option; the on-protocol interface shows the live rate.
How does liquidation work on Venus?
Venus liquidations are automatic and onchain. If your loan-to-value ratio crosses the market's liquidation threshold, because the borrowed balance grew with interest or the collateral's price fell, a portion of your collateral is sold by the protocol to repay debt, without notice and without recourse. There is no grace period or margin call from a human. Keep a buffer below the maximum LTV and monitor your position.
Which networks does Venus operate on?
The Venus markets we track run on BNB Chain. The network determines which wrapped-Bitcoin tokens are available, gas costs, and which wallets you can connect. Bridging Bitcoin to the right network and token is a prerequisite before you can borrow.
Is Venus custodial?
No. Venus is a permissionless set of smart contracts, not a custodian, broker, or regulated lender. Your collateral is held by the protocol's contracts onchain rather than by a company, and there is no application or credit check. That also means there is no counterparty to call if something goes wrong; the smart-contract risk is yours to assess.
DeFi lending protocols are permissionless smart contracts, not regulated entities. Rates are variable and change continuously with pool utilization; the rate shown is a point-in-time snapshot. Your Bitcoin collateral is held on-chain — by the protocol's smart contracts, not a custodian — and can be liquidated automatically if your loan-to-value ratio crosses a liquidation threshold, without notice and without recourse. Smart contracts can contain bugs or be exploited. Some protocols rehypothecate deposited collateral. We are a publisher, not a DeFi protocol operator, broker, or investment adviser; nothing here is a recommendation to use any protocol. Verify all terms directly with each protocol before acting.
borrowonbitcoin.com is a publisher, not a DeFi protocol operator, broker, or investment adviser. We may receive compensation from some protocols when you visit them through our site; affiliate links are labeled. Compensation never changes a protocol's order, position, or the data we publish. Listing a protocol is not an endorsement of that protocol or of DeFi lending. DeFi lending carries smart-contract, liquidation, and variable-rate risks; verify all terms with each protocol before acting.