Venus Joins BNB Chain DeFi Festival with $1M Prize Pool

Venus is preparing to launch new DeFi functionality on BNB Chain on **February 4, 2026**. The announcement, shared across their social channels, teases what they're calling "a new wave of DeFi" coming to the BNB Chain ecosystem. **Key Details:** - Launch date: February 4, 2026 - Platform: BNB Chain - Nature of release: Currently undisclosed Venus has been promoting this date consistently but hasn't revealed specific features or products yet. As a protocol focused on lending, borrowing, and stablecoin services, the launch likely involves expanded market capabilities or new financial instruments. More information is expected as the February 4 date approaches.

PT-slisBNB achieved significant adoption on its first day, representing approximately 10% of slisBNB's total supply on Venus. **Key Features Driving Adoption:** - Fixed yield structure through Pendle - High capital efficiency with 87% LTV in BNB E-Mode - ~3% APY spread between BNB and PT-slisBNB - YT token allows flexible reward claiming via [bnb.xyz](http://bnb.xyz) The integration enables users to maximize leverage through looping strategies while earning Lista DAO rewards simultaneously.

Venus Protocol has rolled out **multi-language support** in its updated user interface. The decentralized money market platform is inviting users to test the new feature, which aims to make the protocol more accessible to a global audience. - The update is part of a broader UI refresh - Users can now interact with the platform in multiple languages - The feature is live and available for immediate use This enhancement reflects Venus's commitment to expanding its reach beyond English-speaking markets, potentially opening doors to new user demographics in the DeFi space.

UTechStables has introduced **$U**, a new unified stablecoin liquidity layer designed to consolidate stablecoin liquidity across the ecosystem. **Key Features:** - Users can mine $U using fiat currency or other established stablecoins - Acts as a liquidity aggregation layer for stablecoin operations - Aims to create a more unified approach to stablecoin infrastructure The project represents an attempt to address fragmentation in the stablecoin market by creating a single layer that accepts multiple forms of stable value as inputs.

Venus participated in an AMA with BNB Chain and UTech Stables addressing a core DeFi challenge: **fragmented stablecoin liquidity**. The three protocols agreed on a unified approach to consolidate liquidity across the ecosystem. Currently, stablecoin liquidity is scattered across multiple platforms and chains, creating inefficiencies for users and protocols. **Key points from the discussion:** - Stablecoins remain fundamental infrastructure for DeFi operations - Fragmentation reduces capital efficiency and user experience - Unified liquidity could improve access and reduce friction The collaboration signals a coordinated effort among major BNB Chain ecosystem participants to address liquidity challenges. Further details on implementation are expected to follow.