Venus is currently the most popular lending protocol on BSC in regard of TVL. I am curious to see why people think that it is the case.
Just as an example, Alpaca Finance has higher interest on deposits. The protocol also seems safer (more audits, better documentation) and they had very little bad debt in the past months compared to Venus (50K$ total for Alpaca, which was 100% reimbursed by the dev team). Yet, it has only half of Venus TVL and their token is worth much less.
What am I missing? What are the strength of Venus that other protocols don’t have that justifies its popularity?