Venus Protocol Proposes Integration of Yearn Vaults as Collateral
Venus Protocol Proposes Integration of Yearn Vaults as Collateral
馃彟 Yearn Vaults Enter Venus
Venus Protocol's latest governance proposals include several key initiatives:
Yearn Finance Integration: Proposal to add yvUSDC, yvUSDT, yvDAI, yvUSDS, and yvWETH vaults as collateral on Ethereum and Arbitrum
New Market Additions:
- Native USDC market on zkSync
- EIGEN market on Ethereum
- wUSDM across multiple chains
- Lombard's LBTC on Ethereum and BNB Chain
Infrastructure Updates: Implementation of multichain governance permissions across Ethereum, Arbitrum One, and opBNB
Community voting is ongoing for these proposals through the protocol's governance system.
馃УWeekly Governance Update at Venus Protocol 馃У Venus Protocol is run by decentralized governance, where members propose and vote on changes to the platform. Here鈥檚 a look at the latest governance decisions and proposals:
馃УWeekly Governance Update at Venus Protocol 馃У Venus Protocol is run by decentralized governance, where members propose and vote on changes to the platform. Here鈥檚 a look at the latest governance decisions and proposals:
馃УWeekly Governance Update at Venus Protocol 馃У Venus Protocol is a decentralized autonomous organization (DAO) where community members propose and vote on changes to the platform. Here鈥檚 a look at the latest governance decisions and proposals:
馃УWeekly Governance Update at Venus Protocol 馃У Venus Protocol is run by decentralized governance, where members propose and vote on changes to the platform. Here鈥檚 a look at the latest governance decisions and proposals:
馃УWeekly Governance Update at Venus Protocol 馃У Venus Protocol is run by decentralized governance, where members propose and vote on changes to the platform. Here鈥檚 a look at the latest governance decisions and proposals:
馃УWeekly Governance Update at Venus Protocol 馃У Venus Protocol is a decentralized autonomous organization (DAO) where community members propose and vote on changes to the platform. Here鈥檚 a look at the latest governance decisions and proposals:
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.