Venus Protocol Enables Omnichain Governance on ZKSync and Optimism
Venus Protocol Enables Omnichain Governance on ZKSync and Optimism
🌐 ZKSync Meets Venus
Venus Protocol's latest governance update includes several key developments:
- New Markets: Proposals to add LBTC on Ethereum and gmETH on Arbitrum
- Expansion: Implementation of Omnichain Governance for ZKSync and Optimism networks
- Risk Updates: Parameter adjustments for BNB and FLOKI markets on BNB Chain
- Infrastructure: New Treasury and Oracle systems on Base network
- Asset Integration: Consideration of wsuperOETHb as collateral on Base
These changes aim to enhance Venus Protocol's cross-chain capabilities and risk management framework.
Venus Protocol Integrates USD0 Stablecoin on Unichain
Venus Protocol has integrated USD0, a new stablecoin on Unichain that's 1:1 backed by USDT. The integration features: - Seamless bridging through LayerZero protocol - Designed for high-velocity stablecoin transactions - Zero friction capital movement The platform continues expanding its stablecoin offerings, following recent additions of USDe, sUSDe, and USD1. Users can now supply and borrow USD0 through the Venus Core Pool. [Start using USD0 on Venus](https://app.venus.io/#/core-pool/market/0xDa7Ce7Ba016d266645712e2e4Ebc6cC75eA8E4CD?chainId=130)
BNB Burn Tokenomics Proposal Now Live for XVS Holders
A new proposal regarding BNB burn tokenomics is now available for voting on Snapshot. - **Who can vote**: $XVS token holders - **Where to vote**: [Snapshot Portal](https://snapshot.box/#/s:venus-xvs.eth/proposal/0xb8f03ad2dd2988a6d2e89a1adbebc52c7a62b284ea493008752c71b7f00b3386) - **Status**: Currently active *XVS holders are encouraged to participate in this governance decision that will impact the protocol's tokenomics structure.* Cast your vote now to help shape the future of the protocol.
Venus Protocol Announces New BNB Burn Engine and XVS Tokenomics
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.
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.