Venus Protocol

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

The supply caps for several cryptocurrencies on zkSync are approaching their limits: - $USDT - $USDC.e - $ZK - $WBTC - $WETH The team is actively working to increase these supply caps in the coming weeks. Users can continue to supply to these markets until the caps are reached. **Important points:** - Supply caps are close to being reached - Team is working on increasing caps - Supply still possible until caps are hit Stay informed for updates on this developing situation.

Venus Protocol has launched new Liquid Staked ETH (LST) pools on Arbitrum, BNB Chain, and Ethereum. Users can now supply and borrow WETH, wstETH (Lido Finance), and weETH (Ether.fi) while benefiting from Ethereum staking rewards. Key points: - New pools available on multiple chains - Supports WETH, wstETH, and weETH - Users can earn staking rewards while using Venus markets An AMA session with Lido Finance and Ether.fi is scheduled for October 2nd at 9AM EST / 3PM CET to discuss Liquid Staked ETH on Venus. To explore these new DeFi solutions, visit: https://app.venus.io/#/?chainId=56

VanguardVantage, the recognized delegate and growth arm of Venus, has announced a collaboration with DeGuardVPN. This partnership aims to provide: - 20 Venus Hardware Wallets - Over 2,000 free monthly VPN service plans This campaign offers Venus community members an opportunity to enhance their digital security with hardware wallets and VPN services. Interested participants should check the campaign details for entry requirements and distribution methods. **Note**: This offer combines cryptocurrency storage security with online privacy protection, potentially benefiting Venus users in multiple aspects of their digital lives.

Venus, the leading decentralized money market on BNB Chain, is set to integrate with Clave wallet. This partnership will expand Venus' reach and provide Clave users with access to earning, borrowing, and lending services. Key points: - Venus Protocol coming to Clave wallet - Integration expands Venus' accessibility - Clave users gain access to DeFi services Stay tuned for the official launch date and more details on how to utilize Venus features within the Clave ecosystem.

LayerZero_Core is progressing with its Omnichain development, as evidenced by two recent events: - **September 25, 2024**: Initial 'Build Omnichain' event - **October 3, 2024**: Follow-up 'Build Omnichain' event These consecutive events suggest ongoing efforts to: 1. Expand cross-chain capabilities 2. Enhance interoperability between blockchains 3. Develop new omnichain solutions *Key Takeaway*: LayerZero_Core is actively working on omnichain technology, potentially revolutionizing blockchain connectivity. **Stay tuned** for further updates on LayerZero_Core's omnichain development progress.

zkSync, a Layer 2 scaling solution for Ethereum, has experienced significant growth in a short period: - Nearly $11 million supplied in less than 24 hours - This rapid increase suggests growing interest in zkSync's ecosystem - The development may indicate rising adoption of Layer 2 solutions This growth could potentially impact: - Ethereum's scalability efforts - DeFi landscape on Layer 2 networks - User adoption of zkSync-based applications *Note*: While impressive, it's important to monitor long-term trends to assess the sustainability of this growth.

Venus Protocol has launched a new rewards program on zkSync, inviting users to participate and potentially earn rewards. This development follows a recent governance proposal that passed successfully. Key points: - Venus Protocol now offers rewards on zkSync - Users can access the rewards through the Venus app - A full proposal detailing the rewards is available for review This initiative builds on Venus Protocol's recent expansion, which included allowing users to supply up to $1,000,000 in lisUSD on the platform. To learn more about the rewards and how to participate: 1. Visit the Venus app on zkSync 2. Review the full proposal 3. Consider participating in the rewards program Stay tuned for more updates from Venus Protocol as they continue to expand their decentralized money market offerings.

Venus Protocol, a decentralized autonomous organization (DAO), has released its weekly governance update. Key proposals include establishing a FLOKI lending pool, adjusting ETH Mainnet emissions, increasing XVS/BNB liquidity management budget, and setting supply caps for PT-weETH. Ongoing votes cover enhancing security with ChainPatrol and increasing XVS/BNB liquidity budget. Recently implemented changes include risk parameter adjustments for BNB and updates to the VBNB market interest rate model. An upcoming implementation will adjust XVS Vault distribution speed on Ethereum. The update encourages community involvement in shaping Venus Protocol's future.

The Venus project has announced the launch of its first grants program, inviting innovative ideas and contributions to the Venus ecosystem. Direct applications are now being accepted through the Gitcoin platform. Interested teams or individuals are encouraged to apply for funding opportunities. However, caution is advised regarding potential scams, as Venus does not have any ongoing airdrops. The project recommends using the @realScamSniffer extension to protect against misleading links and scams while browsing.