Venus Protocol

An event originally scheduled for March 2-3 has been postponed to March 9-10 by the organizers.

VenusProtocol provided an update on their stats, including 240K+ followers, 67K+ XVS holders, 7.03M+ XVS staked, 339 Venus Prime Users, 630 users staking +1K XVS, among other details. The total supply is 1.98B, total borrow stands at 797M, with 39K+ unique users and 7K+ monthly users. The annualized revenue is 21.85M and the treasury holds 11.96M. #Web3 #Crypto #DeFi #BNBChain

Venus Protocol invites users to explore the future of DeFi on BNBChain, Ethereum, and OpBNB. The platform offers advanced risk management, decentralization, and user experience enhancements, including isolated pools and resilient price oracles. Join VenusPrime for exclusive liquidity mining rewards and secure your DeFi journey. Unlock advanced DeFi opportunities with Venus Protocol.

Venus Protocol offers unmatched risk management, decentralization, and user experience improvements. It provides isolated pools, resilient price oracles, and enhanced liquidity mining rewards through VenusPrime. Join Venus Protocol to shape the future of finance.

Venus Protocol has launched VIP-251 following a community proposal to enable the $XVS bridge between BNBChain and opBNB. This will allow for seamless transactions between the two chains and is a significant development for decentralized finance (DeFi) on Venus.

Venus has claimed the top position in terms of lending protocol volume and second position in terms of revenue. The platform is soon deploying to Ethereum, Arbitrum, zkEVM, and opBNB. Venus offers the $XVS and $VAI tokens and is a key player in the DeFi and StakeAndElevate ecosystem.

Venus, a DeFi platform, now supports 24 assets on its Core Pool. The latest addition, FDUSD stablecoin issued by FDLabsHQ, has seen its market cap increase from $1.6 billion to $2.6 billion in just 30 days. BUSD holders on Venus can deposit their tokens into Binance and manually convert them to FDUSD at a 1:1 conversion rate for now.

The highly anticipated boosted XVS-BNB V3 Pool is now available on Cakepie. The pool supports VAI and BNB and is part of the DeFi ecosystem on Binance Smart Chain.

VIP-225 has been launched, allowing Prime holders to mint VAI and gain exclusive benefits. Vote now to support this development. $XVS #DeFi #RWA

A new Fast Track Governance proposal has been issued to lower the collateral factor (CF) of $BUSD to 0% on Venus. Users are advised to repay outstanding loans with $BUSD collateral and promptly withdraw and swap their BUSD supply to other stablecoins to prevent potential liquidations.