Venus

Venus Protocol has introduced a new BNB 2-kink interest rate curve on BNB Chain, as outlined in VIP-385. This upgrade aims to enhance market efficiency and provide more predictable APYs for users. Key features of the 2-kink model: - Introduces two separate 'kinks' in the curve - Enables smoother APY transitions - Improves control during high-demand periods - Encourages 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 Venus community members to perform all on-chain actions without paying gas fees, 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 For more details on this integration, refer to the official Venus documentation at https://docs-v4.venus.io/~/revisions/WH02VljhVUrJ9YM1RrZv/guides/gasless-transactions-zksync Try out this new feature and enjoy fee-free interactions on Venus.

zkSync Era is developing into a key liquidity hub for the Elastic Chain, potentially transforming the landscape for blockchain-based financial systems. - **Improved Liquidity**: The platform aims to boost liquidity significantly. - **Reduced Slippage**: Minimizing slippage is a core focus of this evolution. These advancements are expected to benefit developers working on next-generation banking systems built on blockchain technology. For more information on zkSync Era's progress and its impact on decentralized finance, visit their official website or follow their social media channels.

Venus Protocol, the top lending protocol by TVL on zkSync, has been integrated into Clave wallet. Users can now access Venus directly from their Clave wallets. Key points: - Venus successfully deployed on zkSync - Integration with Clave, a self-custodial zkSync-native wallet - Clave uses Account Abstraction for improved user experience An X Space is scheduled for October 17 at 1 PM EST / 7 PM CET to discuss: - Future of DeFi on zkSync - Upcoming developments Participants: - Clave co-founder @ulerdogan - @0xCorina Join the conversation and ask questions about Venus or Clave.

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, a leading decentralized finance (DeFi) platform, has announced its expansion to the Optimism network. This move brings advanced DeFi capabilities to the Layer 2 scaling solution. Key points: - Venus Protocol now available on Optimism - Expansion aims to enhance DeFi accessibility and reduce transaction costs - Users can access lending, borrowing, and yield-earning features on Optimism The integration with Optimism is expected to benefit users by providing faster transactions and lower fees while maintaining the robust features of Venus Protocol. For more information, visit the Venus Protocol website or join their community channels.

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% - 47K XVS added per week This growth follows Venus Protocol's earlier success on ZKSync: - TVL grew 4895% to $19M in one week - Became leading lending protocol on ZKSync - Captured 47% of ZKSync's total lending TVL Venus Protocol has also shown strong performance in other areas: - Highest daily average revenue growth among top 5 TVL protocols - 8.7% growth over 30 days, generating $732K - 3.3K commits in 2024, surpassing top 5 lending protocols combined

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.