Venusprotocol

In an effort to improve user experience and create an optimal DeFi interface for our users, we have made some updates to the Venus Protocol UI. The latest Venus Protocol interface improvements include: Updated Account Summary

Executive Summary After the complete and utter destruction of LUNA and UST wiping out $45bn worth of funds, the ripple effects are felt across DeFi. A price oracle exploit was targeted two liquidity platforms — Venus Protocol on BSC and Blizz Finance on Avalanche — which has now been drained for $13.5M…

Dear $XVS holders — we are proud to announce that the Venus Protocol Mini-Program is officially live in the Binance mobile app. This means that Binance users will be able to access Venus Protocol’s features directly within the Binance app without having to switch over to other apps or websites. …

You can now access Venus Protocol from the Binance App directly. After connecting your Binance DeFi Wallet, you can easily transfer funds from your Binance Spot Wallet to Venus Protocol and start earning interest. What is the Venus Protocol? Venus Protocol is a decentralized lending platform on the BNB Chain. It leverages audited smart contracts…

Dear Venus Community, Thank you for your patience and your support as we work through safely resuming Venus Protocol. The protocol was previously paused by multisig transaction on the PauseGuardian contract to protect our users from further impact caused by the LUNA Chainlink Price Feed suspension. We have crafted a…

Summary This is a supplemental announcement regarding the unanticipated Chainlink LUNA price feed suspension on Venus Protocol that occurred yesterday. The events caused by the suspended price feed affected several protocols among which was Venus. The Venus team was able to catch the issue quickly and implement protective measures to…

Today, we became aware of errant price behavior for LUNA on Venus Protocol. Upon investigation, it was learned that the price feed had been paused by Chainlink due to extreme market conditions. The price on Venus was last listed at about $0.107 while the market price was $0.01. …

This step by step guide will walk you through all of Venus Protocol’s features and what you will need to take full advantage of the platform. We will continue to update this guide as more Venus Protocol features go live. How to setup a wallet to use Venus Protocol To…

In order to optimize for risk management, competitive supply rates, and increased revenue, the interest rate models for certain assets have been adjusted according to VIP 58 which was recently voted on by the Venus community. Updates For all assets included in the recently passed VIP 58 (ADA, BCH, BETH, BTC, DOGE, ETH, FIL, LINK, LTC, SXP, XRP), interest rate model curves have been steepened with an increased rate multiplier. Kinks (rate jumps) have also been added to ensure supply rates remain competitive and utilization remains low enough to ensure supplier withdrawal liquidity.