Venus Protocol

Venus Protocol has upgraded its BNB market on BNB Chain with a new 2-kink interest rate curve, as proposed in VIP-385. This enhancement aims to provide more predictable APYs and improved market efficiency. Key features of the 2-kink model: - Introduces two separate 'kinks' in the curve - Enables smoother APY transitions - Offers better control during high-demand periods - Promotes increased market participation Components of the 2-kink IR curve: - Kink: Utilization threshold for curve slope changes - Multiplier: Controls curve steepness - Base Rate: Predefined APY jump at start or any kink For more details, visit the forum proposal: https://community.venus.io/t/bnb-market-2-kink-irc-proposal/4588

Venus has integrated the Zyfi paymaster on zkSync, enabling gasless transactions for its users. This new feature allows for free on-chain actions including: - Approvals - Supplying and withdrawing - Borrowing and repaying - XVS Vault operations To experience gasless transactions: 1. Visit https://app.venus.io/#/?chainId=324 2. Perform any supported action without gas fees For more details, refer to the official Venus documentation on gasless transactions. This integration follows a similar move by PancakeSwap, which implemented Zyfi for gas-free DeFi trading on zkSync Era earlier this year.

Venus Protocol, now the top lending protocol by TVL on zkSync, has been integrated into Clave wallet. This allows users to access Venus directly from their Clave wallets. - An X space is scheduled for October 17 at 1 PM EST / 7 PM CET - Guests include Clave co-founder @ulerdogan and @0xCorina - Discussion topics: Future of DeFi on zkSync and upcoming developments About Clave: - Self-custodial, zkSync-native wallet - Powered by Account Abstraction - Aims to simplify onchain experience for mass adoption Users are encouraged to submit questions for Venus or Clave in advance of the X space.

Venus Protocol has successfully deployed on Optimism, marking a significant milestone in its multichain strategy. This expansion brings Venus' lending and borrowing capabilities to one of Ethereum's fastest-growing Layer 2 solutions. Key points: - Initial launch features five markets: WBTC, WETH, USDT, USDC, and OP - Venus is now eligible for Optimism's Retro Funding (850M $OP) - Venus Prime program to be introduced on Optimism soon - Venus is now available on 6 chains: Arbitrum, Optimism, Ethereum, opBNB, zkSync, and BNB Chain Venus has shown strong performance, with an average revenue return per user of $80 over the last 3 months, 87% higher than top competitors. To explore Venus on Optimism, visit: https://app.venus.io/#/?chainId=10

Venus Protocol has expanded to Optimism, launching with five key markets: WBTC, WETH, USDT, USDC, and OP. This move makes Venus eligible for Optimism's Retro Funding of 850M $OP. - Venus now operates on 6 chains: Arbitrum, Optimism, Ethereum, opBNB, zkSync, and BNB Chain. - Over the last 3 months, Venus reported an average revenue per user (ARPU) of $80, 87% higher than competitors. - Venus's ARPU increased by 23% during this period. Next steps include introducing Venus Prime to Optimism, offering enhanced benefits to users. **Check out Venus on Optimism**: https://app.venus.io/#/?chainId=10

Venus Protocol's XVS Vault on ZKSync has demonstrated significant growth: - Over 140K XVS staked by September's end - Zero withdrawals recorded - Average weekly growth of 150% - Weekly addition of 47K XVS This data, sourced from Dune Analytics, highlights the increasing popularity and user confidence in the Venus Protocol's staking mechanism on the ZKSync network. For more detailed insights, visit: https://dune.com/xvslove_team/venus-protocol-eth-mainnet #VenusProtocol #DeFi #XVS #zkSync