Venus Protocol Launches on Ethereum Mainnet with Incentives

🚨 Venus Mainnet Launch

By Venus Protocol
Oct 29, 2024, 10:42 AM
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Venus Protocol has announced the launch of its decentralized money market on the Ethereum mainnet, featuring community incentives from Lido Finance with wstETH and Curve Finance with CRV tokens.​ The Venus community is also offering XVS incentives.​ Previously, Venus enabled wrapping and unwrapping of ETH and BNB tokens for staking, introduced a liquid staking pool for wstETH and WETH, and launched an XVS Vault on Ethereum.​ Venus also held a campaign to bridge XVS to Ethereum and distribute rewards.​

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Venus Protocol Enables Borrowing Against Tokenized Stocks Without Traditional Brokers

Venus Protocol Enables Borrowing Against Tokenized Stocks Without Traditional Brokers

Venus Protocol now allows holders of tokenized stocks ($SKHYB, $TSLAB, $NVDAB) to access liquidity without selling their positions. **How it works:** - Supply tokenized stocks as collateral on Venus Core - Borrow USDT against your holdings - Maintain stock exposure while accessing funds - Available 24/7 on-chain, no broker or paperwork required Venus recently increased supply limits for $SKHYB and $NVDA tokens after reaching previous caps. The platform partnered with bStocks to bring tokenized SK Hynix equity to DeFi users on BNB Chain. [Access Venus Markets](https://venus.io/#/markets/0xfD36E2c2a6789Db23113685031d7F16329158384?chainId=56&tab=markets)

XAUm Tokenized Gold Passes Independent Audit on Venus Core

XAUm Tokenized Gold Passes Independent Audit on Venus Core

**Venus Core now supports $XAUm as collateral**, providing users access to a tokenized gold asset with verified backing. - Matrixdock's independent audit confirms clean results for another year - The integration emphasizes reserve transparency in tokenized assets - Users can now leverage gold-backed collateral within the Venus protocol The audit verification adds credibility to the growing tokenized real-world asset sector, where transparency remains a key concern for users and regulators alike.

Venus Protocol Closes 5th Anniversary Quiz Contest with 500 USDT Prize Pool

Venus Protocol's **5th anniversary quiz contest** ends today, offering participants a final chance to compete for prizes. **Contest Details:** - 500 USDT total prize pool - Ten winners will share the rewards - Perfect scores required to qualify - Winners announced tomorrow Participants must submit all correct answers by the deadline to be eligible for the prize distribution.

Venus Protocol $40,000 WBNB Pool Incentive Program Ends Today

**Final opportunity** to participate in Venus Protocol's $40,000 incentive program for the $WBNB pool on Merkl. **Key requirements:** - Hold at least 50 $XVS tokens in your wallet - Supply or borrow in the $WBNB pool - Program ends today (November 29, 2025) **Benefits available:** - Boosted supply rates for lenders - Subsidized borrowing costs - Share of $40,000 total rewards The 5-day program launched on November 25 and provides incentives on both supply and borrow sides of the pool. [Access the program](https://app.merkl.xyz/?search=Venus) | [Venus WBNB Pool](https://app.venus.io/#/pool/0xfD36E2c2a6789Db23113685031d7F16329158384/market/0x6bCa74586218dB34cdB402295796b79663d816e9?chainId=56&tab=supply)

Venus Joins BNB Chain DeFi Festival with $1M Prize Pool

Venus Joins BNB Chain DeFi Festival with $1M Prize Pool

**Venus Protocol** has joined the BNB Chain DeFi festival alongside SolvProtocol and BounceBit. The collaboration features a **combined $1M prize pool** available through Binance Wallet. - Festival brings together major DeFi protocols on BNB Chain - Prize distribution details to be announced soon - Participants can access rewards via Binance Wallet More announcements expected on how users can claim their share of the substantial reward pool.

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