Venus Protocol

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 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 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 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 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**, 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.

Origin Protocol's wSuperOETHb, a yield-bearing liquid staking token backed 1:1 by ETH, has launched on Venus Protocol. Key features include: - Competitive staking structure with enhanced capital efficiency - Collateral functionality for borrowing various assets - Up to 3.7x leverage in core instance - Up to 6.66x leverage in isolated pool The integration enables users to expand their DeFi strategies while maintaining exposure to ETH staking benefits. Users can now acquire wSuperOETHb through Origin Protocol and utilize it in Venus money markets. **Visit**: app.venus.io to explore the wSuperOETHb market

Lombard Finance has launched LBTC on the Venus Protocol, introducing a new yield-bearing Liquid Staked Token backed 1:1 by Bitcoin. Key features: - Maintains full Bitcoin exposure while enabling DeFi functionality - Can be used as collateral on Venus - Supports borrowing against holdings - Offers 3x points multiplier through Lombard Lux Program Users can now access these features through the Venus Protocol interface.

Venus Protocol's latest governance update includes several key developments: - **New Markets**: Proposals to add LBTC on Ethereum and gmETH on Arbitrum - **Expansion**: Implementation of Omnichain Governance for ZKSync and Optimism networks - **Risk Updates**: Parameter adjustments for BNB and FLOKI markets on BNB Chain - **Infrastructure**: New Treasury and Oracle systems on Base network - **Asset Integration**: Consideration of wsuperOETHb as collateral on Base These changes aim to enhance Venus Protocol's cross-chain capabilities and risk management framework.

Venus Protocol is preparing for deployment on Base network with two key proposals under discussion: - Proposal to add **Lido Finance's wstETH** as a collateral asset on the upcoming Venus Core Pool - wstETH currently leads as Base network's primary Liquid Staking Token with 45,000 wstETH in bridged TVL - A separate proposal from Origin Protocol suggests adding **wsuperOETHb** as collateral Community members can participate in discussions via the Venus forum and vote on the Base deployment proposal through Snapshot.