Venus Protocol Adds wUSDM Market on ZKSync Core Pool

🏦 Venus Expands to ZKSync

By Venus Protocol
Feb 6, 2025, 7:22 PM
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Venus Protocol's latest governance update includes several key developments:

  • New wUSDM market addition to ZKSync core pool (VIP-429)
  • Risk parameter adjustments for multiple assets across ZKSync, BNB Chain, and Ethereum
  • Token converter incentives implementation for Ethereum and Arbitrum
  • Q1 2025 Prime adjustments for Ethereum and BNB Chain
  • Contract transfers to Omnichain Governance for Optimism and opBNB

A forum proposal to increase feed configuration robustness is under discussion, along with a snapshot vote to add $THE token support on BNB Chain.​

Sources

A new governance proposal has been submitted to add support for the $wUSDM market on the Venus @zksync core pool. 🗳️Vote: app.venus.io/#/governance/p…

Mountain Protocol
Mountain Protocol
@MountainUSDM

It’s here. Mountain Protocol arrives to @zksync Era. USDM is the next-gen stablecoin–regulated, permissionless, yield-bearing. Simply hold it in your wallet or use it in DeFi and earn yield. Get a head start with liquidity on @ZKsyncIgnite.

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A new governance proposal has been submitted to add support for the $wUSDM market on the Venus @zksync core pool. 🗳️Vote: app.venus.io/#/governance/p…

Mountain Protocol
Mountain Protocol
@MountainUSDM

It’s here. Mountain Protocol arrives to @zksync Era. USDM is the next-gen stablecoin–regulated, permissionless, yield-bearing. Simply hold it in your wallet or use it in DeFi and earn yield. Get a head start with liquidity on @ZKsyncIgnite.

54
Reply
Read more about Venus Protocol

Venus Flux Unifies Lending, Borrowing, and DEX Swaps in Single Liquidity Pool

Venus Flux Unifies Lending, Borrowing, and DEX Swaps in Single Liquidity Pool

**Venus Flux** introduces a fundamentally different architecture from traditional lending protocols through Fluid's unified liquidity layer. **Key Innovation:** - Single deposit simultaneously backs three functions: lending positions, borrowing capacity, and DEX trading liquidity - All operations share the same liquidity pool, eliminating siloed capital **How It Works:** Unlike Venus Core where each asset operates independently, Flux pools liquidity across all markets. When you deposit, that capital can be used for lending, borrowed against, and provide DEX swap liquidity - all at once. This unified approach creates higher capital efficiency compared to traditional protocols where lending, borrowing, and trading require separate deposits. [Learn more about Venus Flux](http://flux.venus.io)

Venus Protocol Pauses Multiple Assets Following rsETH Hack

Venus Protocol has temporarily disabled collateral functionality for six assets as a precautionary response to a broader ecosystem security incident. **Assets Affected:** - USDe, sUSDe, SolvBTC, xSolvBTC, USD1, and XAUM now have zero collateral factor - Users can still repay loans and withdraw these assets through the Venus interface **Key Points:** - Venus had **no exposure** to rsETH and incurred **no bad debt** - All user funds remain secure - Action taken on advice of risk manager Allez Labs - Protocol will announce when normal operations resume This follows a similar precautionary pause of DOT operations earlier this month after a Hyperbridge gateway exploit.

Risk Steward Module Enables Faster Cap Adjustments Without Full Governance Vote

A new **Risk Steward module** has been authorized by governance to streamline protocol management. **Key Features:** - Adjusts caps within predefined limits automatically - Eliminates need for full governance votes on routine changes - Maintains accountability through governance oversight **Benefits:** - **Faster response times** to market conditions - Reduced governance overhead for minor adjustments - Preserves decentralized control through preset boundaries The module represents a balance between operational efficiency and community governance, allowing quicker reactions while keeping decision-making transparent.

Venus Protocol Hits Supply and Borrow Caps

Venus Protocol has reached its supply and borrow capacity limits. **What's happening:** - Supply cap is full - new deposits are being rejected - Deposits will only be accepted once supply drops below the limit - Borrow cap is also full - new borrowing is blocked - Existing positions continue to operate normally - Interest continues to accrue on current loans Users with existing positions are unaffected, but new participants must wait for capacity to free up before depositing or borrowing.

🏦 Venus Protocol Partners with Ceffu for Institutional Access

🏦 Venus Protocol Partners with Ceffu for Institutional Access

Venus Protocol has completed its onboarding with Ceffu Global, a significant step in bringing institutional capital to BNB Chain's DeFi markets. **Key Development:** - Partnership aims to bridge traditional finance with on-chain lending markets - Ceffu provides institutional-grade custody and trading infrastructure - Move positions Venus as a gateway for professional investors entering BNB Chain The integration allows institutional players to access Venus's lending and borrowing markets with the security and compliance frameworks they require. [Read the full announcement](https://venuslabs.medium.com/venus-protocol-onboards-with-ceffu-institutional-defi-on-bnb-chain-begins-here-c01cac608d0c)

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