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 Raises Supply Limits for asBNB and TWT Tokens
**Venus Protocol has increased supply limits** for two popular tokens following user demand. The protocol expanded capacity for: - **Aster DEX's asBNB token** - **Trust Wallet's TWT token** This change allows more users to participate in yield farming activities on the BNB Chain through Venus's lending and borrowing platform. The adjustment reflects growing interest in these assets within the Venus ecosystem, providing additional liquidity options for DeFi participants.
Venus Protocol Launches BTC E-Mode Group with Enhanced Lending Terms
Venus Protocol has launched its **BTC e-mode group** in partnership with Solv Protocol, offering improved lending conditions for Bitcoin-focused DeFi strategies. **Key Features:** - **Increased loan-to-value (LTV) ratios** for BTC assets - Enhanced support for **BTCfi looping strategies** - Integration with Solv Protocol's infrastructure The new e-mode group allows users to access higher leverage when borrowing against Bitcoin collateral, making capital more efficient for DeFi participants. [Explore BTC E-Mode Pool](https://app.venus.io/#/pool/0xfD36E2c2a6789Db23113685031d7F16329158384?chainId=56&tab=e-mode)
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)