Venus, the leading decentralized money market on the BNB Chain, is hosting an Ask Me Anything (AMA) session on May 8th, 2024. The event will provide insights into the upcoming Liquid Staked ETH pool, a new offering on the platform. Attendees will have the opportunity to learn more about this innovative product and engage with the Venus team.
Don't miss this AMA and learn more about the upcoming Liquid Staked ETH pool on Venus BNB Chain.
Join us tomorrow to explore Staking Season on BNB Chain with @ether_fi, @lista_dao & @VenusProtocol! 🤩 📅 Thursday, May 9th ⏰ 1PM UTC+0 📍 x.com/i/spaces/1dRJZ… $1000 prize pool for the 5 best questions! 🤑 Ask your questions in the comments! 👇
Risk Steward Module Enables Faster Cap Adjustments Without Full Governance Vote
A new **Risk Steward module** has been authorized by governance to streamline protocol management. **Key Features:** - Adjusts caps within predefined limits automatically - Eliminates need for full governance votes on routine changes - Maintains accountability through governance oversight **Benefits:** - **Faster response times** to market conditions - Reduced governance overhead for minor adjustments - Preserves decentralized control through preset boundaries The module represents a balance between operational efficiency and community governance, allowing quicker reactions while keeping decision-making transparent.
Venus Protocol Hits Supply and Borrow Caps
Venus Protocol has reached its supply and borrow capacity limits. **What's happening:** - Supply cap is full - new deposits are being rejected - Deposits will only be accepted once supply drops below the limit - Borrow cap is also full - new borrowing is blocked - Existing positions continue to operate normally - Interest continues to accrue on current loans Users with existing positions are unaffected, but new participants must wait for capacity to free up before depositing or borrowing.
Venus Protocol Partners with Ceffu to Attract Institutional Capital

Venus Protocol has completed its onboarding with Ceffu Global, a significant step in bringing institutional capital to BNB Chain's DeFi markets. **Key Points:** - Partnership aims to bridge traditional finance with decentralized markets on BNB Chain - Ceffu provides institutional-grade custody and asset management services - Move positions Venus as a gateway for professional investors entering on-chain lending markets This integration allows institutional players to access Venus's lending and borrowing infrastructure with the security standards they require. [Read the full announcement](https://venuslabs.medium.com/venus-protocol-onboards-with-ceffu-institutional-defi-on-bnb-chain-begins-here-c01cac608d0c)
Venus Flux Introduces Three Lending Modes with Automated Leverage

Venus's Flux protocol operates through three distinct modes, each serving different use cases: **Lend Mode** - Supplies assets to shared liquidity pools - Earns yield from borrower demand across 30+ vaults - Higher rates than Core due to concentrated utilization **Borrow Mode (CDP-style)** - Collateral stays separate from lending pools - Each vault pairs specific collateral/debt (BNB/USDC, BTCB/USDT) - Smart vaults can hold DEX LP positions as collateral - DEX swap fees accrue to borrowers, offsetting borrow costs **Multiply Mode** - Automates leveraged positions in one transaction - Example: 3x BNB exposure through recursive borrowing - Single health factor and borrow cost to monitor - Benefits from DEX fees in smart vault configurations The architecture differs fundamentally from Venus Core, using shared liquidity across vaults rather than isolated pools per asset.
Venus Pauses DOT Operations Following Hyperbridge Gateway Exploit
A vulnerability in the Hyperbridge gateway was exploited, enabling unauthorized minting of DOT tokens on Ethereum. Venus responded by implementing protective measures. **Actions Taken:** - Paused DOT supply and borrowing operations - Set DOT collateral factor to 0 - Removed DOT market from Binance Wallet loan offerings Users retain the ability to repay and withdraw DOT through the Venus UI. The Venus protocol itself was not compromised. The team will announce when normal DOT operations resume.