Venus

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.

The Venus community is excited to announce the launch of a new Governance proposal to add support for the $FDUSD market on Venus Core Pool. Members are encouraged to vote now to decide the fate of this proposal.

Venus $USDT Core Pool has been listed on Rivo, a DeFi platform that offers non-custodial access to cross-chain yield opportunities. Users can easily swap any asset to $USDT with a single click. Early adopters who supply $500 in the $USDT Core Pool through Rivo and maintain their positions for 14+ days can mint one of the 500 exclusive Rivo Founding Club NFTs for free.

The Venus community announces that $BUSD is entering its final deprecation phase, resulting in a lowered collateral factor (CF). Users are advised to repay loans with $BUSD collateral, withdraw and swap BUSD supply to other stablecoins to avoid potential liquidations.

Venus has deployed a UI update to address potential risks related to Ledger's connector. The affected connector was not used on Venus, so the dApp can be used safely. However, a warning remains in effect for other dApps, and users should avoid interacting with them until security fixes are applied.

Due to ongoing Ledger Connector issues, users are advised to avoid interacting with the Venus app until further notice. As a precaution, it is recommended to disconnect wallets from all other crypto dApps as well.

Following recommendations from Chaos Labs, the snBNB market and two other isolated markets have been temporarily paused on Venus due to a Binance Oracle price feed issue. The Venus community will propose injecting liquidity from the treasury to the affected pool while funds are being recovered. Other markets on Venus are unaffected and the Binance Oracle team has fixed the issue.

Venus and Binance Oracle have announced that they will be sharing complete details shortly. The $snBNB price feed has returned to normal, with no impact on the Core Pool and other markets. Funds are completely secure.