Venus Protocol

Venus Flux has renewed its wstUSR-USDT vault campaign with backing from ResolvLabs. **Campaign Details:** - 1% APR incentives for participants - Two-week campaign duration - Rewards capped at $5M in total value locked (TVL) Users can supply assets to the vault and earn rewards through the program. The campaign runs on the BNB Smart Chain. [Access the vault](https://flux.venus.io/vaults/56/26) | [Claim rewards](https://app.merkl.xyz/opportunities/bsc/FLUIDVAULT_COLLATERAL/0xF74cb9D69ada3559903149CFD60fD57cEAF95F30)

A new transparency feature has been added to asset pages, displaying oracle price data prominently at the top of each page. **What's New:** - Oracle pricing information is now visible on every asset page - Users can see the exact price data their positions are based on - This update provides full transparency into the pricing mechanism **Why It Matters:** This change allows users to verify the oracle prices being used for their positions in real-time, removing any ambiguity about valuation sources.

A new color-coding system has been introduced for health factors, making it easier to assess risk positions at a glance. **Key Update:** - Health factors now display in color - Eliminates guesswork when monitoring positions - Provides instant visual risk assessment The update aims to help users stay informed about their positions without needing to interpret numerical values alone.

Venus Protocol has launched interface improvements to its lending platform on BNB Chain. **Key updates include:** - Compact dashboard layout - Color-coded health factor indicators for position monitoring - Spotlight markets feature - Consolidated E-mode and Isolation mode display - Oracle price data now visible on asset pages The protocol's core functionality remains unchanged. These updates focus on streamlining the user interface for borrowers and lenders accessing the platform. [Full details](https://venus.io/)

Venus Protocol's risk partner **Allez Labs** has published a comprehensive analysis of the recent **$THE incident** that affected the platform. The analysis provides a complete picture of what transpired during the incident. This follows initial updates shared by the risk manager as the investigation was underway. **Key Points:** - Full incident analysis now available from Allez Labs - Follows ongoing investigation that began earlier in March - Provides detailed breakdown of the $THE-related event The report represents the culmination of the risk team's investigation into the incident affecting Venus Protocol's money market operations.

Venus Protocol has responded to community feedback by increasing the borrow limit for ADA on Venus Core to 3 million tokens. **Key Details:** - The change applies to the Venus Core market on BNB Chain - Adjustment made following user requests - Users can now access higher borrowing capacity for Cardano's native token The updated parameters are now live on the [Venus markets page](https://venus.io/#/markets/0xfD36E2c2a6789Db23113685031d7F16329158384/0x9A0AF7FDb2065Ce470D72664DE73cAE409dA28Ec?chainId=56&tab=borrow). This modification reflects Venus Protocol's approach to adjusting market parameters based on user demand and market conditions.

Venus Protocol disclosed details of an attack on its $THE market that resulted in bad debt on the platform. **Attack Method:** - Attacker spent 9 months accumulating $THE tokens to build dominant supply position - Bypassed supply cap by directly transferring tokens to protocol contract - Executed recursive loop: borrow assets → swap for $THE → transfer $THE into vTHE to inflate exchange rate → repeat - Each cycle generated excess borrowing power until liquidation **What Did Not Fail:** - Not a flash loan attack - Venus oracles functioned correctly - Venus Flux remains unaffected **Immediate Response:** - Paused $THE market and set collateral factor to zero - Applied precautionary measures to 8 other at-risk markets **Planned Fixes:** - Supply cap enforcement hardening - Tighter collateral eligibility for low-liquidity assets - Price monitoring safeguards - Full post-mortem report forthcoming

Venus Protocol has announced a significant risk management decision affecting the lisUSD stablecoin. **Key Change:** - The collateral factor for $lisUSD has been set to 0 - This means lisUSD can no longer be used as collateral for borrowing on the Venus platform **What This Means:** Users holding lisUSD on Venus will not be able to borrow against these holdings. This type of action typically indicates concerns about the asset's stability or risk profile. Existing positions may need to be adjusted. The decision was made "upon further review," suggesting the protocol team conducted additional risk assessment before implementing this change.

A DeFi lending protocol has suspended collateral functionality for six cryptocurrency markets in response to an ongoing security investigation. **Affected Markets:** - BCH, LTC, UNI, AAVE, FIL, and TWT now have zero collateral factor - Action taken due to concentrated single-user holdings **Risk Criteria Applied:** - Market cap below $2B - 24h trading volume under $100M - DEX total value locked under $40M - Single user controls over 60% of supplied collateral The protocol identified these markets as high-risk following an incident involving the $THE pool. All other markets continue operating without changes. A full investigation report will be released once the review concludes.

A DeFi lending protocol has **paused all borrows and withdrawals** for its $THE pool after detecting unusual activity. **Key Actions:** - All $THE borrows and withdrawals suspended immediately - Investigation ongoing to determine scope of misuse - $CAKE market also identified as potentially affected - Other markets continue operating normally The pause will remain in effect until the investigation concludes. The protocol plans to release a detailed report once more information becomes available. Users with positions in unaffected markets can continue normal operations.