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What is Venus Smart Contract Controller?

Crypto Terms Glossary: What is Venus Smart Contract Controller?

Part of the Venus Protocol, the Venus Controller Contract runs on the Binance Smart Chain (BSC) as a decentralized version of a processor. This smart contract controller validates oracle price feeds, checks collateral deposits, validates liquidity, and facilitates interactions between associated smart contracts on the platform. The controller contract uses verified asset marketplaces and confirms liquidity and collateral requirements prior to the execution of any smart contract function.

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