Venus DAI is a decentralised cryptocurrency that operates as a stablecoin within the Venus Protocol, a decentralised finance (DeFi) platform on the Binance Smart Chain (BSC). Inspired by MakerDAO's DAI, Venus DAI maintains a stable value pegged to the US dollar, providing stability amidst the volatile crypto market. Created by the Swipe team, Venus DAI allows users to lend, borrow, and earn interest on their crypto holdings through an automated money market system. It is over-collateralised by multiple assets, ensuring greater security and decentralisation. As a centralised and non-bankable collateral option, it empowers users with the ability to mint DAI against their collateral, facilitating efficient capital deployment across the blockchain ecosystem.