Venus Protocol Announces New BNB Burn Engine and XVS Tokenomics
Venus Protocol Announces New BNB Burn Engine and XVS Tokenomics
馃敟 BNB's New Burning Ritual
Venus Protocol has implemented significant tokenomics changes:
- New burn engine introduced for BNB token
- XVS token transitions to zero emissions model
- Deflationary mechanisms activated
- New vesting schedule established for XVS holders
These updates mark the beginning of a broader tokenomics overhaul aimed at long-term sustainability. The changes affect both the native XVS token and BNB chain interactions.
A new burn engine for $BNB. No new emissions, deflation, and vesting for $XVS. And we鈥檙e just getting started.
馃毃 Major @VenusProtocol community proposal: Launching a transformative initiative on @BNBCHAIN! 1锔忊儯 Venus becomes a BNB Native Burn Engine 2锔忊儯 BNB holders gain Real Yield via Deflation 3锔忊儯 XVS holders see Zero new Emissions on BNB Chain 4锔忊儯 Stronger Governance = Institutional
A new burn engine for $BNB. No new emissions, deflation, and vesting for $XVS. And we鈥檙e just getting started.
馃毃 Major @VenusProtocol community proposal: Launching a transformative initiative on @BNBCHAIN! 1锔忊儯 Venus becomes a BNB Native Burn Engine 2锔忊儯 BNB holders gain Real Yield via Deflation 3锔忊儯 XVS holders see Zero new Emissions on BNB Chain 4锔忊儯 Stronger Governance = Institutional
Venus Protocol Executes $2.4M+ XVS Token Buyback Program
Venus Protocol has completed over **$2.4 million in XVS token buybacks**, directly benefiting token holders through their Prime Rewards system. **Key Details:** - Buybacks are executed and delivered, not promised - Funds flow into Prime Rewards program - XVS holders receive direct benefits from the buyback activity The buybacks represent actual execution rather than future commitments, providing tangible value to the Venus ecosystem participants. [Learn more about Venus Prime](https://docs-v4.venus.io/whats-new/prime-yield)
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.