Venus BNB (VBNB) is a synthetic asset tied to Binance Coin (BNB) on the Venus Protocol, a DeFi platform on the Binance Smart Chain. Developed by the Swipe team under the leadership of Joselito Lizarondo, VBNB enables users to participate in various DeFi activities like lending, borrowing, and earning interest, while maintaining exposure to BNB's market movements. Essentially, VBNB allows BNB holders to leverage their investment in the DeFi space, offering both flexibility and new opportunities within the Venus Protocol ecosystem.
