Venus Protocol Introduces New Liquid Staked ETH Pools
Venus Protocol Introduces New Liquid Staked ETH Pools
🚀 ETH Staking Revolution?
Venus Protocol has launched new Liquid Staked ETH (LST) pools on Arbitrum, BNB Chain, and Ethereum. Users can now supply and borrow WETH, wstETH (Lido Finance), and weETH (Ether.fi) while benefiting from Ethereum staking rewards.
Key points:
- New pools available on multiple chains
- Supports WETH, wstETH, and weETH
- Users can earn staking rewards while using Venus markets
An AMA session with Lido Finance and Ether.fi is scheduled for October 2nd at 9AM EST / 3PM CET to discuss Liquid Staked ETH on Venus.
To explore these new DeFi solutions, visit: https://app.venus.io/#/?chainId=56
Have you seen the new LST pools on @arbitrum , @BNBCHAIN and @ethereum? Tomorrow, October 2nd, @LidoFinance and @ether_fi will join us in this AMA with @bradherenow to talk about all things Liquid Staked $ETH on Venus. Join us at 9AM EST / 3PM CET: x.com/i/spaces/1eaKb…
Venus Protocol Treasury Reaches $27.4M Milestone
Venus Protocol's treasury has achieved a significant milestone, reaching $27.4M in assets. This demonstrates the protocol's commitment to sustainable financial practices and robust treasury management. - Current treasury value: **$27.4M** - Key highlight: Sustainability backed by on-chain evidence - Treasury status: Strong and growing The protocol hints at upcoming developments that will further strengthen its position in the DeFi ecosystem. This growth reflects Venus's continued focus on building sustainable decentralized finance infrastructure.
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.