Venus DOGE
VDOGE
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
VDOGE is a vToken (interest-bearing lending receipt) representing DOGE supplied to the Venus Protocol money market on BNB Chain, rather than a standalone project. Consequently, it lacks independent development, team composition, governance rights, and dedicated community engagement. Significant data gaps exist in Market & Use Case and Team & Governance (-1.0 scores), as retrieved information lacked VDOGE-specific data. Protocol-level maintenance is active across Venus Protocol, backed by a robust multi-firm audit framework (CertiK, Quantstamp, Hacken), though tail-risk remains regarding potential market deprecation by parent governance.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Venus DOGE (VDOGE)
Venus DOGE (VDOGE) is an interest-bearing receipt token (vToken) issued by the Venus Protocol money market on BNB Smart Chain. When users supply Dogecoin (DOGE) into the Venus lending market, they receive VDOGE to represent their supplied collateral and accrued interest. It functions strictly as an accounting token within the lending platform rather than as an independent project or standalone asset.
Because VDOGE is integrated directly into Venus Protocol, it possesses no independent development roadmap, team, or dedicated community channels. Tokenomics are tied directly to lending supply dynamics, meaning VDOGE lacks native governance rights or independent fee-accrual mechanisms; governance oversight for all Venus markets is conducted using the protocol's primary governance token, XVS. Protocol-level contracts have undergone audits by third-party security firms, including CertiK, Quantstamp, and Hacken, although there is no standalone audit specific to the VDOGE market token.
Holders of VDOGE are subject to risks tied to the underlying money-market infrastructure. Venus Protocol maintains an active deprecation program for low-activity markets, which presents a tail-risk of potential market decommissioning for niche assets like VDOGE. Furthermore, while no specific exploits or insolvencies have been recorded for the VDOGE market itself, the broader Venus Protocol experienced historical oracle price-manipulation issues in September 2021 that resulted in bad debt for the platform.