- BNB Chain
- Venus
- USDT
- PancakeSwap
A dollar that earns while you hold it.
Deposit USDT on BNB Chain. Your dollars are lent to borrowers on Venus, and the interest they pay accrues to you. Real interest from real borrowers — no emissions, no reward token, nothing minted to make the number look bigger.
The floor of the New York Stock Exchange is laid in parquet.Hardwood blocks, interlocking, load-bearing. Each one braced by the block laid across it. Traders stood on it for two centuries.This is that floor, for your dollars.
Reading from Venus · BNB Chain
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Current annual rate, floating. Paid by borrowers.
Reading Venus's USDT supply rate from BNB Chain.
Deposit USDT
BNB Smart Chain
- Redeem fee
- 0.05%
- Mint fee
- None
- Minimum deposit
- None
- Exit cooldown
- 7 days
- Supply cap
- 250,000 pUSD
01Governance
02Backing
Every dollar, accounted for on chain
Read from BNB Chain on this page load, not from a database we control. If a figure below cannot be read it shows a dash — never a zero, never a remembered number, never a plausible stand-in. You can check all of it against the contract yourself.
Total backing
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Reading the reserve split from chain.
Idle reserve
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— · redeemable now
Supplied to Venus
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— · earning
pUSD issued
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Peg module 0xCCDdd4796850e155f72420e33f52549aF63c90b1
03Comparison
What $10,000 does in a year
Reading the rate from Venus.
| Where the money sits | Rate | Twelve months on $10,000 |
|---|---|---|
| Parquet, at today's rate Venus USDT supply rate, read on-chain | – | – |
| US savings account, national average FDIC national rate, savings, as of 21 Jul 2026 | 0.38% | $38 |
| Holding USDT in a wallet USDT pays no interest to holders | 0.00% | $0 |
Assumes the rate holds for twelve months and nothing is added or withdrawn. It will not hold — Venus's supply rate moves with borrowing demand, and it can fall to near zero. Parquet's 0.05% redeem fee is not deducted above; it applies once, when you exit.
04Mechanism
How it works
Four steps, two signatures, and no part of it you have to take on trust. Every contract in the path is linked above and verified on BscScan.
You send USDT and receive pUSD, one for one, with no fee and no minimum. pUSD is a claim on the reserve — fully backed, redeemable, and it does not earn on its own until you stake it.
Staking pUSD gives you spUSD, and this is the step that starts the earning. Your balance of spUSD never changes; what changes is what each one is worth. So if you check your wallet and the number has not moved, nothing is broken — the interest accrues to what each share redeems for rather than to the count of them.
The reserve is supplied to Venus, a lending market on BNB Chain, where borrowers pay interest on it. That interest is the entire source of the rate — there is no second engine and no token being printed to top it up. Which is also why Parquet does not set the rate and cannot guarantee it.
Request an exit, wait seven days, then claim your USDT. Your position stops earning the moment you request, a 0.05% redeem fee is taken when you claim, and there is no way to exit sooner — not for anyone, including us. The wait is the price of a reserve that can be lent rather than held idle.
05Revenue
The protocol earns only when you earn
You keep 90% of the interest your deposit earns. No deposit fee. No management fee. No fee on your principal, ever. Parquet takes a 10% performance fee on the interest and on nothing else — and when the interest is zero the fee is zero, because it is computed by subtracting what the protocol owes from what it holds. A bad month costs the protocol before it costs you.
Half of that fee is set aside for holders of a future token, and no later owner can take it back. The contract refuses to set their share below 25% of the fee — that bound is a constant compiled into the deployed bytecode, not a line in a policy document someone can revise. The token itself is not launched: no sale, no allocation, no date, and the page below says so in exactly those words.
06Risk
What can go wrong
Every protocol in this category has these risks. Most of them make you go looking. We would rather you read it here, before you deposit, than discover it afterwards.
Venus is a lending protocol we do not control. If borrowers default beyond its reserves, or a contract in the path is exploited, deposits can be lost. The rate can fall to near zero.
Parquet's contracts are immutable in v1 — owned by a 48-hour timelock with no upgrade path — which means a bug cannot be patched. Yield is not guaranteed and this is not a bank deposit; there is no deposit insurance.
Exiting is not instant. When you request an exit your position stops earning and the USDT becomes claimable seven days later. If Venus's utilisation spikes, a withdrawal from the reserve can be delayed beyond that — the protocol refuses a partial fill rather than paying out some of what you asked for.
A yield-bearing dollar is not a savings account, whatever it resembles. The supply cap is 250,000 pUSD and it is a risk control, not a scarcity mechanic: it bounds what can be lost while the protocol is young. It is real and it is finite, so deposits can be refused once it is full — but it exists to limit the damage of a bad outcome, and anyone selling it to you as a reason to hurry has the direction of that fact backwards.