Venus Protocol Launches on Ethereum Mainnet with Incentives
Venus Protocol Launches on Ethereum Mainnet with Incentives
🚨 Venus Mainnet Launch
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.
Venus is now LIVE on #Ethereum Mainnet featuring community incentives from: @LidoFinance with $wstETH @newmichwill from @CurveFinance with $CRV Matched by the Venus Community with $XVS incentives.
👀Users can also lend or borrow $stkBNB on the Venus Liquid Staked BNB Isolated market. 👉🏻app.venus.io/#/isolated-poo…
1/ @pStakeFinance is partnering with @PancakeSwap to make $stkBNB the most liquid #BNB LST on @BNBCHAIN 🤝 A new gauge with 8,000 $PSTAKE tokens is live for $veCAKE holders to vote for in this epoch. Learn more 👉 blog.pstake.finance/2024/03/18/pst…
🌟 #VenusProtocol lands on Ethereum! Experience next gen #DeFi with the upcoming XVS rewards & liquidity mining incentives. 🎉 Bridge XVS to #Ethereum and get a chance to share $10K in $XVS + a special #GalxeOAT which will give you access to future campaigns! 📅 Mark your
Venus is thrilled to announce the launch of the $XVS Vault on #Ethereum Mainnet. ERC20 XVS Deposits & Withdrawals are now enabled. Dive into the prime of #DeFi by depositing more than 1,000 XVS to qualify for #VenusPrime starting today. ⚡️ Stay tuned for our next UI update 👉🏻
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.