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Record sog_st_vai
VAI/Vai
Also recorded as VAI, Venus VAI
- Lifecycle
- Active
- Issuance
- Protocol-based
- Reference target
- US dollar
- Primary organization
- Venus ProtocolNo additional recorded relationship
- Launch
- 2020-11-24
- Redemption
- Protocol Redemption
- Backing
- Crypto-collateralized
- Stabilization
- Hybrid
- Last review
- 2026-06-25
- Evidence
- 5 source records
Reviewed assessment
Identity and current state
This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.Venus Protocol's USD-pegged stablecoin on BNB Chain, publicly mintable against supported collateral from the Venus mainnet launch on November 24, 2020, and later supported by stability-fee and peg-stability mechanisms.
| Name | Vai |
|---|---|
| Symbol | VAI |
| Aliases | VAI, Venus VAI |
| Asset class | Stablecoin |
| Lifecycle status | Active |
| Issuance status | Protocol-based |
| Canonical record ID | sog_st_vai |
| Route slug | vai |
| Record confidence | High |
| Last reviewed | 2026-06-25 |
- Name
- Vai
- Symbol
- VAI
- Aliases
- VAI, Venus VAI
- Asset class
- Stablecoin
- Lifecycle status
- Active
- Issuance status
- Protocol-based
- Canonical record ID
sog_st_vai- Route slug
vai- Record confidence
- High
- Last reviewed
- 2026-06-25
Record coverage
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 5 |
| Reserve reports | 1 |
| Reserve components | 2 |
| Model-history events | 2 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 2 |
| Events | 2 |
Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.
- Governance
- DAO Governed
- Primary display organization
- Venus Protocol
- Primary display role
- Protocol operator
- Display selection mode
- Deterministic Policy
- Current relationships
- 1
- Ended relationships
- 0
- Unknown relationship state
- 0
- Freeze capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Blacklist capability
- 0 recorded yes · 0 recorded no · 1 not recorded
- Deployment control-event references
- 2
- Observed issuer-control events
- 0
- Relationship coverage
- 1 recorded relationship
| Organization | Organization category | Regulatory character | Jurisdiction | Role | Display priority | From | Until | Relationship status |
|---|---|---|---|---|---|---|---|---|
| Venus Protocol | Protocol or software system | Protocol or decentralized system | Decentralized | Protocol operator | Primary display | Not yet recorded | Not yet recorded | Active relationship |
Protocol or software system
Primary displayVenus Protocol
- Functional role
- Protocol operator
- Relationship status
- Active relationship
- Regulatory character
- Protocol or decentralized system
- Jurisdiction
- Decentralized
- From
- Not recorded
- Until
- Not recorded
Mechanism
How the asset works
Reference, backing, stabilization, exit, valuation, and yield remain separate facts.- Reference target
- US dollar
- Reference kind
- Fiat
- Comparison category
- US dollar
- Target value
- 1
- Reference methodology
- VAI targets one U.S. dollar through Venus collateralized minting, stability fees, PSM support, and market arbitrage.
- Public backing model
- Crypto-collateralized
- Canonical backing types
- Crypto Collateral, Stablecoin Collateral
- Reserve component categories
- Crypto Collateral, Stablecoin Collateral
- Primary stabilization mechanism
- Hybrid
- Recorded model description
- Venus Collateralized Debt and Peg Stability Module
- Redemption / exit model
- Protocol Redemption
- Valuation source
- Venus Protocol VAI documentation
- Yield / rebase profile
- No recorded change · Accrual: No recorded change
- Classification notes
- Active BNB Chain protocol stablecoin with collateralized debt, variable stability fees, and PSM support.
Reserve and redemption
Reserve and redemption
Recorded components, disclosures, reports, and redemption conditions remain explicit.Reserve components
- Venus market collateral backing VAI debtCrypto Collateral
- Peg Stability Module reserve assetsStablecoin Collateral
| Disclosure status | Onchain Protocol Transparency |
|---|---|
| Backing types | Crypto Collateral, Stablecoin Collateral |
| Summary | VAI is generated against Venus protocol collateral and supported by protocol-controlled stability fees and a Peg Stability Module. |
| As of | 2026-06-15 |
| Profile confidence | Medium |
- Disclosure status
- Onchain Protocol Transparency
- Backing types
- Crypto Collateral, Stablecoin Collateral
- Summary
- VAI is generated against Venus protocol collateral and supported by protocol-controlled stability fees and a Peg Stability Module.
- As of
- 2026-06-15
- Profile confidence
- Medium
| Current status | Protocol Based |
|---|---|
| Settlement asset | Collateral release through VAI debt repayment or supported PSM and market routes |
| Eligible parties | Venus protocol users and market participants subject to market and module availability. |
| Retail access | Public Protocol or Market Based |
| Institutional access | Public Protocol or Market Based |
| Minimum amount | Protocol and transaction dependent. |
| Fee | Stability fees, PSM parameters, and network costs may apply. |
| Settlement time | Onchain transaction and liquidity dependent. |
| Regional limits | Front-end and applicable legal restrictions may apply. |
- Current status
- Protocol Based
- Settlement asset
- Collateral release through VAI debt repayment or supported PSM and market routes
- Eligible parties
- Venus protocol users and market participants subject to market and module availability.
- Retail access
- Public Protocol or Market Based
- Institutional access
- Public Protocol or Market Based
- Minimum amount
- Protocol and transaction dependent.
- Fee
- Stability fees, PSM parameters, and network costs may apply.
- Settlement time
- Onchain transaction and liquidity dependent.
- Regional limits
- Front-end and applicable legal restrictions may apply.
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| Not yet recorded | Venus Protocol | Onchain Protocol Transparency | Crypto Collateral, Stablecoin Reserve | Medium |
Venus Protocol
Not yet recorded- Type
- Onchain Protocol Transparency
- Assets covered
- Crypto Collateral, Stablecoin Reserve
- Record confidence
- Medium
Deployments and legal context
Deployments and legal context
Network state, contract identity, legal notices, and value states remain separate.| Network | Network record state | Standard | Public deployment category | Canonical deployment type | Operational state | Recorded status | Change or proposal state | Canonicality | Canonicality record state | Verification state | Contract identity state | Contract or identifier | Freeze | Blacklist | Control events | Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BNB Chain | Specific network recorded | BEP-20 | Protocol-native or protocol-supported deployment | Protocol Native Token | Active | Active | No separate change state recorded | Native deployment | Canonicality recorded | Identifier recorded; verification not recorded | Identifier recorded | 0x4BD17003473389A42DAF6a0a729f6Fdb328BbBd7 | Not yet recorded | Not yet recorded | 2 | Official Venus VAI BNB Chain deployment. Public mainnet minting is fixed to 2020-11-24; the exact contract-creation timestamp and first VAI mint transaction remain unresolved. |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
No regulatory notes have been added yet.
Evidence
Evidence
Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| Venus Protocol VAI documentation Published Not yet recorded | Venus Protocol | Technical documentation or repository Canonical: Official Repository | Technical primary source | Primary source | Entity Identity, USD Peg, Stability Fee, Minting, Entity and Stability Fee | Archive index or wildcard | High |
| Venus VAI Peg Stability Module documentation Published Not yet recorded | Venus Protocol | Technical documentation or repository Canonical: Official Repository | Technical primary source | Primary source | PSM, Stablecoin Reserve, Protocol Controls, Peg Stability Module | Archive index or wildcard | High |
| Venus Protocol smart-contract repository Published Not yet recorded | Venus Protocol | Technical documentation or repository Canonical: Official Repository | Technical primary source | Primary source | Bnb Chain Deployment, Mint Controller, Peg Stability Contracts, Deployment and Protocol Controls | Archive index or wildcard | High |
| Venus Protocol Testnet Launch Published 2020-10-17 | Venus Protocol | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Alpha Testnet, Vai Minting Future Beta, Pre Mainnet Boundary, Explicit Prelaunch Testnet Boundary | Archive index or wildcard | High |
| Venus Protocol Main Network Launched Published 2020-11-24 | Venus Protocol | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Launch Date, Mainnet Launch, Public Vai Minting, Supported Collateral, Same Day Mainnet and Vai Public Launch | Archive index or wildcard | High |
Known unknowns
Known unknowns and coverage
Missing or disputed facts remain visible instead of being converted into certainty.| Topic | What remains unclear | Value state | Priority | Last checked |
|---|---|---|---|---|
| Exact Contract Deployment First Mint and Initial Distribution | The public Venus mainnet and VAI minting launch is fixed to 2020-11-24. The exact VAI contract-creation timestamp, first mint transaction, and initial distribution sequence are not normalized. | Unknown after review | Low | 2026-06-25 |
| Current Mint and PSM Parameters | Current mint ceilings, stability-fee parameters, PSM reserves, and operational limits are governance-controlled and not snapshotted here. | Unknown after review | Medium | 2026-06-15 |
Exact Contract Deployment First Mint and Initial Distribution
The public Venus mainnet and VAI minting launch is fixed to 2020-11-24. The exact VAI contract-creation timestamp, first mint transaction, and initial distribution sequence are not normalized.
- Value state
- Unknown after review
- Priority
- Low
- Last checked
- 2026-06-25
Current Mint and PSM Parameters
Current mint ceilings, stability-fee parameters, PSM reserves, and operational limits are governance-controlled and not snapshotted here.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-15
Lifecycle
History
Current classification remains separate from dated changes and incidents.Model and lifecycle changes
| Date | Event | Category | Subtype | Status effect | Recovery |
|---|---|---|---|---|---|
| — | Venus operates VAI with stability fees and peg-support modules | Governance and protocol change | Protocol Model Update | Remained active | Not applicable |
| 2020-11-24 | Venus launches mainnet and public VAI minting | Launch and introduction | Launch | Remained active | Not applicable |
Related records and corrections
Corrections and further reading
Open connected records, methodology, machine-readable data, or report a correction.- All stablecoinsCompare this record with the rest of the archive.
- Venus ProtocolDecentralized
- Event registry2 connected events recorded.
- MethodologyRead classification, evidence, and value-state rules.
- CorrectionsReport a source, relationship, or record problem.
- Data manifestInspect the machine-readable public layer.