Venus Protocol

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.

Venus Protocol is commencing deployment on the Arbitrum network. The key steps involve transferring the Venus Treasury ownership to a Guardian wallet on Arbitrum and configuring Resilient Oracles for initial Venus markets, including USDT, USDC, WETH, WBTC, ARB (via Chainlink Oracle), and XVS (via Redstone Oracle). Comprehensive audits and simulations have been conducted. The community's vote is crucial to support this cross-chain expansion initiative.

A new forum proposal has been put forward to support the deployment of Venus, a decentralized money market, on the X Layer Ecosystem. The proposal highlights the potential benefits of this integration, including boundless scalability through X Layer's 100% EVM-compatible ZK layer, access to OKX's 50 million users, and high transaction confirmation speed. The expected impact includes boosting market stability with reliable lending/borrowing options, gaining a first-mover advantage in a high-growth ecosystem, and expanding into the Asian market via OKX's vast reach.

Venus, the leading decentralized money market on the BNB Chain, is hosting an Ask Me Anything (AMA) session on May 8th, 2024. The event will provide insights into the upcoming Liquid Staked ETH pool, a new offering on the platform. Attendees will have the opportunity to learn more about this innovative product and engage with the Venus team.

Venus Protocol has announced that retroactive points have been credited to all users for their $weETH deposits on the Venus ETH Mainnet. Additionally, live points tracking for $weETH deposits is now available on the portfolio page. Users can stake on Venus to earn double points, along with additional points from Eigenlayer.

The $slisBNB and $stkBNB isolated lending pools on the Venus BNB Chain have been successfully resumed after implementing a new Oracle system.

Venus Protocol, a decentralized money market platform on the BNB Chain, has announced the successful deployment of the DAI market on the Ethereum mainnet. This integration allows users to earn, borrow, and lend the DAI stablecoin on the Ethereum network through Venus Protocol's decentralized finance (DeFi) platform.

The weETH market, a decentralized lending and borrowing platform, has been successfully launched on the Ethereum mainnet by Venus Protocol. Users can now begin staking their assets, with retroactive airdrop points to be tracked soon on the Ether.fi platform. This follows a recent governance proposal to support weETH as collateral on the Ethereum network, submitted by the Ether.fi team.

Venus, a decentralized money market platform on the BNB Chain, has experienced a notable surge in its user base. According to data from TokenTerminal, the protocol witnessed a 35% increase in monthly active users since February 2024, rising from 7,000 to 9,500 users. Venus allows users to earn, borrow, and lend cryptocurrencies in a decentralized manner on the BNB Chain.