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 Seeks Senior Smart Contract Engineers
Venus Protocol is expanding its team with positions open for Senior Smart Contract Engineers to help develop their onchain money markets. **Key Requirements:** - 5+ years software engineering experience - Deep knowledge of EVM (Ethereum Virtual Machine) - Focus on DeFi and money market protocols The role offers an opportunity to shape the future of decentralized lending and borrowing infrastructure. [Apply at Venus Protocol](https://venus.io/careers)
Venus Protocol Expands to Multiple Chains with $2.6B TVL
Venus Protocol continues to demonstrate its strength in DeFi with **$2.6B in total value locked**. The protocol maintains significant presence across major chains: - **Top TVL Chains**: BNB, Ethereum, and Arbitrum - **Additional Networks**: zkSync, Optimism, Base, Unichain, and opBNB The protocol recently launched on Unichain, featuring a streamlined lending and borrowing experience. Head of Venus Labs @bradherenow showcased the frictionless integration with Uniswap's L2. *Venus Protocol's multi-chain expansion reinforces its position as a battle-tested DeFi money market.*
Venus Protocol Reports 154% User Growth and Token Terminal Integration
Venus Protocol has experienced significant user growth, with monthly active users increasing by 154% from 9.6K to 24.4K in a one-month period. The protocol recently partnered with Token Terminal to provide: - Real-time onchain metrics - Transparent reporting for XVS stakeholders - Comparative analysis tools Users can now track Venus Protocol's growth and metrics through the [Token Terminal dashboard](https://tokenterminal.com/terminal/projects/venus). This integration marks a step toward increased transparency in DeFi analytics.
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)