Venus Protocol
Venus is an decentralized algorithmic money market and stablecoin protocol that enables borrowers and suppliers to access liquidity and earnings on-demand.
Venus is an decentralized algorithmic money market and stablecoin protocol that enables borrowers and suppliers to access liquidity and earnings on-demand.
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Venus is expanding its Liquidity Hub with Hub-Funded Spoke Markets — specialized lending markets that draw on shared liquidity from the Hub instead of relying on isolated pools for each new market. Each Spoke keeps independent risk parameters and purpose-built collateral markets, while liquidity allocation is governed through the Hub.
The first Hub-Funded Spoke brings tokenized ETFs into Venus lending:
This turns tokenized market exposure into onchain borrowing power. No launch date or TVL figures were provided in the announcement thread.
Venus announced it is part of De¹ (De1.ai)'s Tokenized Asset World on BNB Chain, an ecosystem connecting trading, lending, and credit around tokenized assets in a shared learning environment. De¹ describes the initiative as a Financial World Model that learns from live markets and execution outcomes.
Venus contributes the credit side, with lending setting the cost of capital for tokenized assets:
Venus's Hash Global Fixed Rate Vault has reached full capacity, with 150,000 $U fully supplied. The vault offers a 2.43% target APR over a 30-day fixed term, backed by hBNB-collateralized lending.
Venus Protocol announced it is working with Bail Security on an upcoming security audit, calling it "another step toward making Venus stronger and safer."
Details on the scope of the audit or which contracts are covered have not been published yet. The engagement continues Venus's practice of regular third-party security reviews of its smart contracts.
Venus has launched Liquidity Hub, an ERC-4626 product where users deposit a single asset and receive a Hub Token representing their aggregated position. The Hub automatically allocates capital across supported Venus markets — Core, Flux, and Fixed-Term Vaults — following governance-defined strategies, giving BNB Chain users one entry point instead of manual per-market deposits.
Venus has brought institutional real-world-asset yield into the Hub in partnership with Centrifuge, including two Janus Henderson funds: JTRSY (tokenized U.S. Treasury yield) and JAAA (tokenized AAA-rated CLO credit), with credit ratings and risk information surfaced within the Venus experience. The RWA route is now live for USDT at roughly 3.65% APY, backed by tokenized U.S. Treasuries and AAA-rated credit — the Hub's first asynchronous yield source, with deposits and redemptions settled by the fund manager.
Venus Protocol will discontinue support on opBNB, Optimism, and Unichain on October 23, 2026. Users with active positions on any of the three chains are asked to close their positions and withdraw funds before that date.
Venus updated the Prime Leaderboard so holders can now see a detailed breakdown of their rewards across eligible Venus markets. The view separates Borrow APY, Merkl campaign rewards, and Prime APY, and shows how each rate applies to a user's position.
Venus Protocol is now covered by the @BNBChain Bug Bounty Program, opening a channel for security researchers to identify and responsibly report vulnerabilities in Venus contracts deployed on BNB Chain. Reports of critical issues can earn up to $100K.
Venus is partnering with Ceffu Global and SolvProtocol to let institutional BTC held in Ceffu's custody back borrowing on BNB Chain — turning custody-held collateral into on-chain borrowing power without self-custody or moving the underlying assets into the lending market. Following CertiK's audit notice, Venus confirmed the partnership powers a fixed-rate USDT vault backed by BTC on BNB Chain.
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.
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 introduced Liquidity Hub, an ERC-4626-based product that automatically allocates a single deposited asset across supported Venus markets according to governance-defined strategies.
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.
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.
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.
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).
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.