Venus will end the SKHYB launch-incentive program on August 17th.
The remaining $16,000 reward pool is paid directly in SKHYB to qualifying suppliers. The displayed annual percentage yield was 28.65% when the final weekend began.
Refer to the official tweet by XVS:
Last weekend to earn SKHYB launch incentives. Current APY: 28.65%, paid directly in SKHYB.
The $16,000 reward pool winds down Aug 17 — this is the final stretch to supply and capture it.
Supply here: https://t.co/KNn6s6iElm
— Venus Protocol (@VenusProtocol) August 14, 2026
XVS Info
Venus Protocol is a decentralized finance (DeFi) platform on the BNB Chain, functioning as both an algorithmic money market and a synthetic stablecoin protocol. Essentially, it’s a merger of functionalities found in Ethereum’s Compound (a money market system) and MakerDAO (a stablecoin creation system). Developed by the team from the global cryptocurrency credit card issuer, Swipe, Venus provides a bridge between traditional finance and DeFi, while circumventing issues typically associated with Ethereum-based platforms.
The core functionalities of Venus encompass lending, borrowing, and minting synthetic stablecoins. Users provide their cryptocurrency as collateral to the platform, enabling them to earn compounded interest or to borrow against their collateral. Borrowing requires over-collateralization to ensure loan security. The protocol employs dynamic interest rates based on market demand, such as BNB or ETH utilization. This demand-driven mechanism means interest rates for lenders and borrowers are automatically adjusted. Moreover, the Venus Protocol also permits users to mint its native stablecoin, VAI, against their collateral. This minting mechanism uses vTokens, which represent the user’s deposited collateral (e.g., depositing USDT would yield vUSDT). With these vTokens, users can mint VAI, which maintains a peg to the USD but can still experience supply-demand fluctuations.
XVS, or Venus (BEP-20 standard), is the governance token of Venus Protocol. It allows token holders to have a say in the development and parameters of the platform. This means holders can vote on vital decisions, such as the addition of new tokens to the protocol, adjustments to interest rates, or changes in the distribution schedules. The governance structure ensures the community“s autonomy over the protocol”s evolution, with no initial pre-mines for developers or founders. The protocol also plans to introduce the Venus Vault, enabling users to lock their XVS tokens, further bolstering the protocol’s security and receiving staking rewards.
