STABLE OR GONE Stablecoin history, events, and sources
Stablecoin record

Vai

Venus Protocol's USD-pegged stablecoin on BNB Chain, generated against protocol collateral and supported by stability-fee and peg-stability mechanisms.

LifecycleActive
Events1
Sources3
Overview
SymbolVAI
Asset classStablecoin
Reference targetFiat
Redemption / exit modelProtocol Redemption
Valuation sourceVenus Protocol VAI documentation
Yield / rebase profileNo recorded change · Accrual: No recorded change
Classification notesActive BNB Chain protocol stablecoin with collateralized debt, variable stability fees, and PSM support.
Lifecycle statusActive
Issuance statusProtocol Based
Peg referenceFiat · USD
Backing typesCrypto Collateral, Stablecoin Collateral
StabilizationHybrid
GovernanceDAO Governed
Primary organizationVenus Protocol
Primary roleProtocol Operator
Last reviewed2026-06-15
Organizations and roles
OrganizationRoleFromUntilRelationship status
Venus ProtocolProtocol Operator——Active

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Venus Protocol

Decentralized Finance Protocol · Decentralized

Event history

1 event connected to this stablecoin.

Reserve profile
Disclosure statusOnchain Protocol Transparency
Backing typesCrypto Collateral, Stablecoin Collateral
SummaryVAI is generated against Venus protocol collateral and supported by protocol-controlled stability fees and a Peg Stability Module.
As of2026-06-15
Profile confidenceMedium
Redemption profile
Current statusProtocol Based
Settlement assetCollateral release through VAI debt repayment or supported PSM and market routes
Eligible partiesVenus protocol users and market participants subject to market and module availability.
Retail accessPublic Protocol or Market Based
Institutional accessPublic Protocol or Market Based
Minimum amountProtocol and transaction dependent.
FeeStability fees, PSM parameters, and network costs may apply.
Settlement timeOnchain transaction and liquidity dependent.
Regional limitsFront-end and applicable legal restrictions may apply.
Record coverage
SectionEntries
Organizations1
Sources3
Reserve reports1
Regulatory notes0
Deployments1
Issuer-control actions0
Open questions2
Events1
Event timeline
DateEventTypeDetail kindRecovered
—Venus operates VAI with stability fees and peg-support modulesProtocol Model UpdateOther—
Reserve and attestation history
DatePublisherTypeAssets coveredRecord confidence
—Venus ProtocolOnchain Protocol TransparencyCrypto Collateral, Stablecoin ReserveMedium
Regulatory and official notices
DateTitleAuthority / publisherTypeSummary
No regulatory notes have been added yet.
Blockchain deployments
ChainStandardDeploymentStatusFreezeBlacklistControl eventsContractNotes
BNB ChainBEP-20Protocol Native TokenActiveUnknownUnknown00x4BD17003473389A42DAF6a0a729f6Fdb328BbBd7Official Venus VAI BNB Chain deployment.
Sources
SourcePublisherTypeEvidence scopeReliability
Venus Protocol VAI documentationVenus ProtocolOfficial RepositoryEntity Identity, USD Peg, Stability Fee, Minting, Entity and Stability FeeHigh
Venus VAI Peg Stability Module documentationVenus ProtocolOfficial RepositoryPSM, Stablecoin Reserve, Protocol Controls, Peg Stability ModuleHigh
Venus Protocol smart-contract repositoryVenus ProtocolOfficial RepositoryBnb Chain Deployment, Mint Controller, Peg Stability Contracts, Deployment and Protocol ControlsHigh
Open questions
TopicWhat remains unclearPriorityLast checked
Exact Launch DateThe current protocol documentation does not provide one authoritative day-level VAI launch date for this record.Low2026-06-15
Current Mint and PSM ParametersCurrent mint ceilings, stability-fee parameters, PSM reserves, and operational limits are governance-controlled and not snapshotted here.Medium2026-06-15