Venus Announces Game-Changing Proposal to Merge with Ethereum
Venus Announces Game-Changing Proposal to Merge with Ethereum
Michael Egorov, the founder of Venus, has proposed a revolutionary move of merging Venus with Ethereum and CurveFinance. This collaboration will bring enhanced scalability and access to a thriving community of developers and users. The aim is to empower the decentralized finance space and democratize access to cutting-edge financial tools for everyone. Stay tuned for more details of this groundbreaking proposal.
⚡️Breaking News! 📢 Brace yourselves for a game-changing proposal by the one and only Michael Egorov! 🎉 🌌 Imagine the possibilities: the power of Venus combined with Ethereum's and @CurveFinance vast ecosystem! This revolutionary move will open up a whole new world of
What if crvUSD goes to @VenusProtocol and Venus goes to Ethereum at the same time @CurveFinance? community.venus.io/t/vrc-deploy-v…
Venus Protocol Treasury Reaches $27.4M Milestone
Venus Protocol's treasury has achieved a significant milestone, reaching $27.4M in assets. This demonstrates the protocol's commitment to sustainable financial practices and robust treasury management. - Current treasury value: **$27.4M** - Key highlight: Sustainability backed by on-chain evidence - Treasury status: Strong and growing The protocol hints at upcoming developments that will further strengthen its position in the DeFi ecosystem. This growth reflects Venus's continued focus on building sustainable decentralized finance infrastructure.
Venus Protocol Launches USDC Borrowing Incentives
Venus Protocol has introduced new borrowing incentives in partnership with Gauntlet. The program offers: - 15,000 USDC in rewards for USDC borrowers - Two-week duration for the incentive program - Available exclusively on Unichain Users can access these rewards through the [Venus Core Pool](https://app.venus.io/#/core-pool/market/0xB953f92B9f759d97d2F2Dec10A8A3cf75fcE3A95?chainId=130). *Time-sensitive opportunity: Limited two-week window to participate.*
Venus Protocol on ZKSync Sees Massive User Growth in January
Venus Protocol experienced significant user growth on the ZKSync network in January 2024: - Monthly active users increased from 1,600 to 11,000 - Represents a 576% month-over-month growth - Total user base since launch: 13,200 Data verified through [Dune Analytics](https://dune.com/xvslove_team/venus-protocol-dashboard#zkSync). This growth indicates rising adoption of DeFi services on ZKSync's layer-2 network.
Venus Protocol Adds Support for Balancer (BAL) Token
Venus Protocol has integrated Balancer's BAL governance token into its platform. BAL holders can now: - Supply BAL as collateral on Venus - Borrow stablecoins or blue-chip assets against BAL holdings - Stake borrowed assets in Balancer liquidity pools - Earn additional rewards and governance power The integration expands Venus's supported assets while providing BAL holders with new DeFi opportunities. [Explore BAL market on Venus](https://app.venus.io/#/core-pool/market/0x0Ec5488e4F8f319213a14cab188E01fB8517Faa8?chainId=1)
Sky Ecosystem's sUSDS Now Supported on Venus Protocol
**Sky Ecosystem's sUSDS**, the yield-bearing version of USDS stablecoin, is now available on Venus Protocol. Key features include: - Earned through Sky Savings Rate (SSR) - Can be used as collateral on Venus - Enables borrowing USDS for SSR yield amplification - Supports blue-chip asset borrowing Users can maximize rewards through holding loops and leverage Sky's ecosystem for enhanced savings. The integration enables new DeFi strategies across Venus and Sky platforms. Visit Venus app to explore the sUSDS market.