Venus Protocol’s Liquidity Hub, introduced on BNB Chain on August 31, 2026, allows users to deposit USDT, USDC or U tokens in one place while using the resulting positions as collateral in Venus’s lending markets. The Hub automatically distributes funds across three Venus yield sources, including Venus Core and Venus Flux, while issuing ERC-4626 share tokens called vhUSDT and vhUSDC for USDT and USDC deposits. The tokens accrue value as yield is earned, carry an 80% collateral factor, include a 10% liquidation incentive and have no borrow cap. Venus later added the tokenized Treasury product JTRSY and CLO-related product JAAA through a Centrifuge partnership on September 24. The protocol operates mainly on BNB Chain, with total value locked ranging from $1.4 billion to $2.8 billion over recent quarters.