Venus Protocol — Incident Post Mortem

Venus Protocol — Incident Post Mortem Please note: The information contained herein is not for any purpose but informational and for transparency purposes. This information may only be used in conjunction with data research and we do not make any claims to any information herein for any other purpose. Some information will also be redacted or abbreviated due … Read more

Proposed Risk Enhancements on Venus Protocol

Background On 19th May, Venus Protocol encountered a liquidation of over $200 million triggered by a price spike. The price spike rooted from large market orders and expectations on the VRT which allowed traders to supply and borrow higher collateral to buy more XVS. The price volatility activated a ripple effect which resulted in massive … Read more

Venus Upgrades its Oracle Mechanism to Chainlink Across All Lending Markets

We are excited to announce that Venus, a money market and synthetic stablecoin protocol built on Binance Smart Chain (BSC), has now fully upgraded to Chainlink as its oracle solution. Our lending markets leverage Chainlink to price collateral during both loan issuance and liquidation processes, ensuring Venus is always fully collateralized and referencing fair market prices. … Read more

Venus Deploys VIP-23 Proposal

Venus, a money market and synthetic stablecoin protocol built on Binance Smart Chain (BSC), has now deployed the VIP-23 proposal to allow a full upgrade to Chainlink as its oracle solution. In order to have a fully algorithmic money market, Venus requires price data to determine the value of the underlying collateral lent and borrowed … Read more

Venus Reward Token Distribution & VENUS NFT Details

Venus token holders, including vXVS, will receive an airdrop exclusively on Binance Smart Chain on May 15th at block number 7479562. This airdrop will also be sent to exchange addresses, and they will announce their support plans, if any, directly. We are already coordinating with Binance.com to handle this distribution. The ratio of the airdrop … Read more

Venus Governance — Decentralization Launch

Venus Governance — Decentralization Launch The Venus Protocol has now successfully migrated its admin keys to the Venus timelock smart contract in which Venus is will be solely controlled by the community. This is done through our first Venus Improvement Proposal (VIP-1) which can be found with this transaction hash. By doing so, our code base will … Read more

Venus Governance — Decentralization Launch

Venus Governance — Decentralization Launch The Venus Protocol has now successfully migrated its admin keys to the Venus timelock smart contract in which Venus is will be solely controlled by the community. This is done through our first Venus Improvement Proposal (VIP-1) which can be found with this transaction hash. By doing so, our code base will … Read more

Venus Protocol — Update

Venus Protocol — Update On Thursday January 14, 2021, the Venus Protocol had listed the Swipe Ignition project Cannon (CAN) on the Venus money market with a wrapped CAN token on Binance Smart Chain (BSC) representing 1:1 to the CAN on the Ethereum Blockchain. Without getting into the theatrics of the surrounding facts, we wanted to update … Read more

Venus Protocol — Update

Venus Protocol — Update On Thursday January 14, 2021, the Venus Protocol had listed the Swipe Ignition project Cannon (CAN) on the Venus money market with a wrapped CAN token on Binance Smart Chain (BSC) representing 1:1 to the CAN on the Ethereum Blockchain. Without getting into the theatrics of the surrounding facts, we wanted to update … Read more

Venus Protocol — Testnet Launch

Venus Protocol — Testnet Launch Venus Protocol is thrilled to announce the launch of its alpha testnet on the Binance Smart Chain. This alpha version will enable users to borrow and supply collateral on the Venus Protocol and begin liquidity mining XVS. VAI minting will be released in a subsequent beta testnet. Users can start testing the Venus … Read more