Venus Protocol
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Venus is an decentralized algorithmic money market and stablecoin protocol that enables borrowers and suppliers to access liquidity and earnings on-demand.
Venus launches $U Fixed-Term Vault with CASH+ collateral
Venus has launched a $U Fixed-Term RWA Vault on BNB Chain in partnership with Asseto Finance and UTech Stables, bringing the CASH+ real-world asset token into Venus's on-chain credit markets.
CASH+ holders retain exposure to the underlying RWA while using it as productive collateral to unlock $U liquidity, creating a "capital-efficient loop" between institutional RWA exposure and on-chain lending.
Venus integrates APRO Oracle as independent price source
Venus is integrating APRO Oracle as an additional independent price source to strengthen oracle resilience across the protocol.
The integration supports Binance bStocks coming into DeFi, providing institutional-grade infrastructure alongside the tokenized-equity collateral Venus is bringing onto BNB Chain.
Venus raises SKHYB supply cap to 5,500 units
By popular demand, Venus has raised the supply cap for $SKHYB to 5,500 units, which is now fully filled.
Suppliers can earn up to 300% APY, paid in SKHYB and funded by a $16,000 rewards pool over the next four weeks via Merkl. The campaign is live on BNB Chain.
Venus expands collateral set with equities, gold, custody access
Venus outlined its push to expand on-chain credit by bringing new forms of collateral onto BNB Chain: institutional custody access, tokenized equities, and tokenized gold.
The goal is to let different asset types share one lending market so "on-chain credit expands" beyond simply adding more assets.
THE token price-manipulation exploit leaves ~$2.15M in bad debt
An attacker who had quietly accumulated roughly 84% of the Thena (THE) token supply manipulated its price on Venus, forcing liquidations and ~$3.7M–$5.8M in estimated profits while leaving about $2.15M in bad debt.
Venus drained of ~$27M in suspected contract-compromise exploit
On-chain sleuths said the protocol's Core Pool Comptroller contract was updated to a malicious address, siphoning off tokens including vUSDC and vETH in an estimated $27M exploit.
Venus V4 upgrade unveiled
The Venus DAO announced its V4 version, introducing isolated lending pools, a resilient price oracle, and new tokenomics aimed at risk management and decentralization; the isolated pools were subsequently deployed on mainnet in 2023.
XVS price-manipulation exploit causes ~$200M in liquidations
An attacker exploited the low liquidity of XVS on Binance to spike its Chainlink oracle price, borrow against it, and then collapse the price, triggering over $200M in liquidations and roughly $100M in bad debt for Venus.
Official mainnet launch on BNB Smart Chain
Venus deployed to BNB Smart Chain mainnet, letting users supply collateral, borrow, and mint the VAI synthetic stablecoin while farming XVS across six initial assets (SXP, USDT, BUSD, XVS, USDC, BNB).
XVS token launched on Binance Launchpool
Venus's governance token XVS was launched via Binance Launchpool, marking the project's public token offering. The protocol was developed by the team behind crypto card company Swipe.