Venus Protocol Considers Adding wstETH Market on Base Network
Venus Protocol Considers Adding wstETH Market on Base Network
🌊 Base Makes Waves at Venus
Venus Protocol is preparing for deployment on Base network with two key proposals under discussion:
- Proposal to add Lido Finance's wstETH as a collateral asset on the upcoming Venus Core Pool
- wstETH currently leads as Base network's primary Liquid Staking Token with 45,000 wstETH in bridged TVL
- A separate proposal from Origin Protocol suggests adding wsuperOETHb as collateral
Community members can participate in discussions via the Venus forum and vote on the Base deployment proposal through Snapshot.
Venus Protocol Hints at New Market Development
Venus Protocol is actively developing something new, with cryptic hints about a **recently added market** that wasn't publicly announced. The team's repeated "building in progress" messages suggest significant development work underway. The emphasis on a market being added "quietly" indicates: - New lending/borrowing opportunities may be coming - The addition happened without fanfare or major announcements - Community speculation is building around what's being developed The mysterious tone suggests Venus wants to build anticipation before a proper reveal of their latest market expansion.
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.