Venus Protocol Adds Support for Balancer (BAL) Token
Venus Protocol Adds Support for Balancer (BAL) Token
馃攧 BAL Joins The Party
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.
馃専 pufETH by @Puffer_Finance is live on Venus @Ethereum pufETH is a Liquid Restaking Token (LRT) that allows users to stake ETH and earn rewards from both Ethereum's Proof of Stake and EigenLayer restaking. This dual-reward system enhances capital efficiency and offers higher
馃専 solvBTC by @SolvProtocol is live on Venus @BNBCHAIN solvBTC is a Bitcoin-backed asset that unlocks BTC鈥檚 full potential in DeFi on BNB Chain. Backed 1:1 by Bitcoin with 24K+ BTC in reserves, it offers seamless cross-chain liquidity and access to innovative DeFi strategies.
馃専 LBTC by @Lombard_Finance is live on Venus @Ethereum LBTC is a yield-bearing Liquid Staked Token (LST) fully backed 1:1 by Bitcoin. It bridges Bitcoin to the DeFi ecosystem, allowing BTC holders to maintain their exposure to Bitcoin while unlocking new financial utilities.
馃専 EIGEN by @EigenLayer is live on Venus @Ethereum EIGEN is the native token of EigenLayer, a cutting-edge protocol enabling Ethereum restaking to enhance the security of decentralized services. Backed by over $13B in TVL, EigenLayer drives innovation in the DeFi landscape.
馃専 solvBTC by @SolvProtocol is live on Venus @BNBCHAIN solvBTC is a Bitcoin-backed asset that unlocks BTC鈥檚 full potential in DeFi on BNB Chain. Backed 1:1 by Bitcoin with 24K+ BTC in reserves, it offers seamless cross-chain liquidity and access to innovative DeFi strategies.
馃専 eBTC by @ether_fi is live on Venus @Ethereum eBTC is a Bitcoin-backed Liquid Restaking Token (LRT), designed to meet the demand for alternative collateral. It offers dual yield (staking + restaking) via partnerships with @EigenLayer, @Symbioticfi, and @Karak_Network. With
馃専 sUSDe by @Ethena_Labs is now live on Venus @Ethereum sUSDe is a yield-bearing synthetic dollar, backed by a delta-neutral strategy to maintain its USD peg. It combines stability with earning potential, accruing yield from Ethereum staking rewards and Ethena鈥檚 derivatives
馃専 TWT by @TrustWallet is live on Venus @BNBCHAIN TWT is the native token of Trust Wallet, a leading self-custody wallet supporting 9M+ assets across multiple blockchains. It empowers users with secure access to Web3. With TWT on Venus, you can supply it as collateral, borrow
馃専 sUSDe by @Ethena_Labs is now live on Venus @Ethereum sUSDe is a yield-bearing synthetic dollar, backed by a delta-neutral strategy to maintain its USD peg. It combines stability with earning potential, accruing yield from Ethereum staking rewards and Ethena鈥檚 derivatives
馃専 EIGEN by @EigenLayer is live on Venus @Ethereum EIGEN is the native token of EigenLayer, a cutting-edge protocol enabling Ethereum restaking to enhance the security of decentralized services. Backed by over $13B in TVL, EigenLayer drives innovation in the DeFi landscape.
馃専 LBTC by @Lombard_Finance is live on Venus @Ethereum LBTC is a yield-bearing Liquid Staked Token (LST) fully backed 1:1 by Bitcoin. It bridges Bitcoin to the DeFi ecosystem, allowing BTC holders to maintain their exposure to Bitcoin while unlocking new financial utilities.
馃専 eBTC by @ether_fi is live on Venus @Ethereum eBTC is a Bitcoin-backed Liquid Restaking Token (LRT), designed to meet the demand for alternative collateral. It offers dual yield (staking + restaking) via partnerships with @EigenLayer, @Symbioticfi, and @Karak_Network. With
馃専 TWT by @TrustWallet is live on Venus @BNBCHAIN TWT is the native token of Trust Wallet, a leading self-custody wallet supporting 9M+ assets across multiple blockchains. It empowers users with secure access to Web3. With TWT on Venus, you can supply it as collateral, borrow
馃専 pufETH by @Puffer_Finance is live on Venus @Ethereum pufETH is a Liquid Restaking Token (LRT) that allows users to stake ETH and earn rewards from both Ethereum's Proof of Stake and EigenLayer restaking. This dual-reward system enhances capital efficiency and offers higher
Venus Protocol Seeks Senior Smart Contract Engineers
Venus Protocol is expanding its team with positions open for Senior Smart Contract Engineers to help develop their onchain money markets. **Key Requirements:** - 5+ years software engineering experience - Deep knowledge of EVM (Ethereum Virtual Machine) - Focus on DeFi and money market protocols The role offers an opportunity to shape the future of decentralized lending and borrowing infrastructure. [Apply at Venus Protocol](https://venus.io/careers)
Venus Protocol Expands to Multiple Chains with $2.6B TVL
Venus Protocol continues to demonstrate its strength in DeFi with **$2.6B in total value locked**. The protocol maintains significant presence across major chains: - **Top TVL Chains**: BNB, Ethereum, and Arbitrum - **Additional Networks**: zkSync, Optimism, Base, Unichain, and opBNB The protocol recently launched on Unichain, featuring a streamlined lending and borrowing experience. Head of Venus Labs @bradherenow showcased the frictionless integration with Uniswap's L2. *Venus Protocol's multi-chain expansion reinforces its position as a battle-tested DeFi money market.*
Venus Protocol Reports 154% User Growth and Token Terminal Integration
Venus Protocol has experienced significant user growth, with monthly active users increasing by 154% from 9.6K to 24.4K in a one-month period. The protocol recently partnered with Token Terminal to provide: - Real-time onchain metrics - Transparent reporting for XVS stakeholders - Comparative analysis tools Users can now track Venus Protocol's growth and metrics through the [Token Terminal dashboard](https://tokenterminal.com/terminal/projects/venus). This integration marks a step toward increased transparency in DeFi analytics.
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.