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 Reports Doubled Monthly Users
Venus Protocol has announced a significant milestone in user growth, with monthly active users doubling in recent weeks. The DeFi platform maintained consistent performance despite increased volume: - Monthly active users increased by 100% - Trading volume growth reported - Platform stability maintained during growth period Data verified by Token Terminal shows the protocol's expanding market presence while maintaining its core functionality. This growth indicates rising adoption in the DeFi lending space.
Unichain Launches $500K Conditional Funding Markets with Venus Protocol
Unichain introduces Conditional Funding Markets (CFMs), transforming DeFi funding into a prediction market with $500K in grants available. Key points: - Forecasters bet on lending protocols based on actual TVL growth - Venus Protocol has committed $20M+ to Unichain - Users can trade outcome shares via @butterygg platform - Winners receive grants based on highest-priced outcomes The system aims to create a market-driven approach to DeFi funding, moving away from traditional grant models. Venus Protocol positions itself as an early adopter with significant liquidity already deployed. *To participate*: Wait for CFM opening and use @butterygg to trade outcome shares.
Venus Protocol Reaches $18M+ TVL Milestone
Venus Protocol has achieved a significant milestone with over $18M in total value locked (TVL) across just 7 key assets. The supported assets include: - UNI - ETH - BTC - USDC This development positions Venus as the primary liquidity layer for Unichain, marking an important step in the protocol's growth. The limited asset selection suggests a focused approach to liquidity provision. *Note: TVL metrics are subject to change based on market conditions.*
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.